Personal Loans for Self-Employed

A personal loan from the reliable DBS Bank can come in handy in multiple ways. Planning an international trip with your family? Want to expand your business and need a lump sum amount? An unforeseen medical emergency knocking at your door? An instant loan for self-employed is a life-saver in multiple situations.

At DBS Bank, our motto is 'Live More, Bank Less.' Our quick and seamless application process makes it possible to avail of an instant loan for self-employed people in just four easy steps. Our interest rates are highly competitive, with flexible tenures and easy options for loan repayment. You can download our mobile app, and have the desired funds transferred to your bank account in a moment! If you are eligible to avail of our pre-approved personal loan, you might even get a disbursal immediately!

Features and Benefits 

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

Know Your Eligibility Instantly!

This process is quick and takes just a couple of minutes

100% Paperless

No hassles of submitting any physical document

Especially Competitive Interest Rates

Our interest rates ensure that your financial burden is not too high

Flexible Loan Tenures

The range is from 12 to 60 months

Loan Repayment Options that are Simple and Flexible

You can monitor and manage everything from the app

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

DigiSaving customers who are qualified will get a pre-approved offer

Eligibility Criteria for a Personal Loan for Self-employed

Are you eligible to avail of our personal loan? Look at the guidelines given below to find out.


Minimum of 22 years
Maximum 60 years (at the time of loan maturity)


Salaried or self-employed


Minimum Rs. 25,000 per month

Interest Rates and Fees

Interest rates range from 10.99% to 23.99%

Our processing fees and other charges are very economical, all of which make your personal loan more affordable.

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

Documents Required for a Personal Loan for Self-employed

Applying for a DBS Bank personal loan requires no paper documents. All you need is to provide some personal details to complete your KYC verification (like passport, voter's identity card, driving license, Aadhaar card or PAN card)  to apply.

If your loan requirement exceeds the permitted upper limit, you will need to provide bank details or statements (for other banks).

That’s all you need. Other documents, like salary slips or income tax returns, are not required.

Do More, Live More

Open Instant DBS Bank Savings Account in just a few minutes.

Download digibank.

Download digibank.


complete KYC

Fill your details and complete KYC.


Activate your digibank savings account

Activate your DBS Bank savings account.


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.

What is the interest rate on my loan?

Interest rates range from 10.99% to 23.99%. It is a reducing balance interest rate.

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.

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

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

A one-time processing fee will be levied along with other applicable taxes when you apply for a personal loan. You will also be required to pay monthly EMIs during the repayment period. The rate of interest and processing fee quoted will depend on your eligibility. It will be displayed on the screen when you test your eligibility online.

Besides this, other possible charges may include those for late payment, part-payment, and foreclosure.

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 digisavings 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.

What kind of information or documents do I need to provide for my personal loan?

The DBS Bank personal loan application process is completely paper-free. Provide some personal details to apply.

If your loan amount surpasses the approved limit, only then do you need to provide your bank details or statements (of other banks).

Other than this, no other documents are needed.

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 is allowed at any point after you have made 12 EMI repayments. You can go through with the pre-payment from your digisavings 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 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.

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.

How do I receive the loan and what's the time taken for disbursement?

After the application process and account verification have been completed, the loan amount is credited to your digisavings account. The amount is credited after the processing fee, and taxes have been deducted from it. We do not offer part disbursement so that the full amount will be credited.

Why opt for a DBS Bank personal loan?

DBS Bank personal loans do not require any physical forms or documents. You can avail of the loan when you feel like, from the convenience of your home, using the DBS Bank app.

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.

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

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