Instant Loans for Self-Employed: NBFCs Offer Quick, Easy Funding in India

• NBFCs provide quick, unsecured instant loans for self-employed individuals in India, bypassing traditional bank complexities.
• Loans feature fast approval (minutes to hours), minimal documentation (Aadhaar, PAN, bank/GST statements), and online processes.
• Key NBFCs like Tata Capital, Bajaj Finance, Aditya Birla Finance, and Poonawalla Fincorp offer loans up to Rs 30 lakh.
• Interest rates typically range from 10.49% to 25% per annum, influenced by credit profile and income.
• Several NBFC instant loan apps (PaySense, CASHe, RapidRupee) cater to self-employed, some with flexible CIBIL requirements.

Why It Matters: NBFCs are a vital source of fast, flexible, and accessible funding for self-employed individuals in India.