What is the tenure of my loan?

Again, the time you get for repayment depends on your eligibility. The tenure can be from 12 months to 5 years.

Apply Personal Loan for Self Employed @ 10.99%*

Q: What’s the personal loan amount I can get?

At digibank by DBS, we offer an instant loan for self-employed anywhere between Rs. 25,000 and Rs. 15 lakh. The amount you can avail depends on your eligibility.

Q: How can I pay the EMIs?

Paying the EMI for your digibank personal loan is a simple task. It is just debited from your digisavings account. You need to ensure that your account has adequate funds at least two days before the date of payment of the EMI. Your EMI can only be paid through your digisavings account, and there is no option for payment through other banks. You will receive timely EMI due date and EMI payment notifications.

Personal Loans for Self-Employed

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For Self- employed professionals, there can be many reasons due to which there is an urgent need to meet large expenses. This can be for expenses required to expand your business or for an emergency in form of medical or repair. In such cases you can consider DBS Bank instant personal loan for self-employed professionals which makes it easy to cover these financial gaps, with attractive interest rates and flexible EMI plans.

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Features & Benefits of Personal Loans for Self-Employed

DBS Bank’s personal loans for self-employed individuals in India come with extremely attractive features.

Hassle-Free Process

Apply for instant personal loan for self employed online with DBS Bank, requiring zero branch visits.

100% Paperless

Minimal documentation is required to apply instant loans for self employed

Attractive Interest Rates

Our loans for self-employed come with personal loan interest rates starting at 10.99% p.a.*

Flexible Loan Tenures

Choose the ideal repayment plan for you, ranging from 12 to 60 months

Flexible Loan Amount

Get loan amount approved for up to INR 15 lakhs

If Your Personal Loan is Pre-approved, you get Instant Disbursal

DBS Bank Savings account holder who are qualified will get a pre-approved offer

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Eligibility Criteria for a Personal Loan for Self-employed

Are you eligible to avail of our personal loan for self-employed professionals? Look at the guidelines given below to find out.

Citizenship	Indian citizen
Age	21 to 60 years
Income	Minimum Rs. 25,000 per month

To ensure that you loan application gets approved easily, consider using our personal loan eligibility calculator to get an accurate estimate on the amount you can borrow.

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Personal Loan Interest Rates & Fees for Self-Employed Professionals

Applicants looking to borrow under the personal loan for self-employed can take advantage of interest rates starting from 10.99% P.A onwards.

DBS Bank Personal loans have minimal processing fees which makes the instant loan for self-employed more affordable.

click here to view the fees and charges for a personal loan for self-employed individuals

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Documents Required for a Personal Loan for Self-employed

Applying for a Personal Loan for Self-employed requires the borrower to submit a few documents digitally. The required documents are:

Identity and Adress Proof: Aadhaar and PAN card
Income Proof: Bank statements or ITR for Self-Employed

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How to Apply for a Personal Loan for self-employed-

The online application process for personal loans for self-employed is quick, easy and paperless. Here’s how:

Step 1: Apply online using the DBS digibank app or application form.

Step 2: Upload proof of identity, address and income.

Step 3: After the approval by the bank the amount is credited to your savings account.

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Frequently Asked Questions

What’s the personal loan amount I can get?

At DBS Bank, we offer an instant loan for self-employed anywhere between Rs. 25,000 and Rs. 15 lakh. The amount you can avail depends on your eligibility criteria, income proof and credit history.

What is the interest rate on my loan?

Interest rates starts from 10.99% P.A onward It is a reducing balance interest rate.

What are the different fees I need to pay to get a loan?

Here are the fees and charges associated with a personal loan:

One time loan processing fees and applicable taxes.
Late payment fees.
Part-payments
Foreclosure charges

What is the period required to complete the application for a personal loan?

The process for our personal loan application takes only a few minutes to finish. Once you complete the process, the account verification will be done. After that, the amount of your personal loan will be credited to your savings account.

Do I need a guarantor? Is there any other additional security that I need to give?

Our personal loans don't require a guarantor, collateral or a co-applicant.

How do I make a partial repayment of the loan and what are the regulations for making the part payment?

Part pre-payment of your DBS Bank personal loan for self employed is allowed at any point after you have made 12 EMI repayments. You can go through with the pre-payment from your savings account after the applicable charges and taxes, if any, have been cleared.

How can I pay the EMIs?

Paying the EMI for your DBS Bank personal loan is a simple task. It is just debited from your savings account. You need to ensure that your account has adequate funds at least two days before the date of payment of the EMI. To ensure that your repayment plan is within your monthly budget, use our personal loan emi calculator to get an estimate on your monthly payments.

Where do I get the schedule for my loan repayment?

After you have opted for a DBS Bank personal loan, go to the dashboard or the DBS Bank menu, then 'Personal Loans', then 'Statements' section and download the repayment/ loan schedule.

How do I cancel my personal loan after it is sanctioned? What are the charges?

Your personal loan should be cancelled within 48 hours of it being credited to your account. No cancellation charges will be levied in this period, but the processing fee you have paid is not refundable.

Why opt for a DBS Bank personal loan?

DBS Bank personal loans for self-employed makes it easy to apply for personal loan with minimal documentation, complete digital process with low interest rates and flexible durations for affordability. Making this perfect loan for freelancers, agents and other independent contractors. DBS Bank also offers loans variety of purposes such as personal loans for salaried employees, marriage loans, emergency loans and more.

Is it possible to change my interest rate and processing fee on request?

Your eligibility determines the interest rate and processing fee for the personal loan. The interest rate or processing fee that is being offered cannot be altered.

Why opt for a DBS Bank personal loan?

Personal loans for self-employed can be used for any purpose based on the borrowers requirements,

**All loans will be given out at the sole discretion of DBS Bank India Limited.

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