Finding a loan when you're self-employed in India can feel frustrating. Banks often ask for long income records, tax returns, and paperwork that just don’t match how your business works. That’s where loan apps come in. They’re faster, simpler, and more flexible, especially if you run a small business, work freelance, or handle multiple income sources. In this guide, we’ll walk you through the best loan apps that are actually useful for self-employed people. Whether you need funds for your business, personal use, or emergencies, these apps can help you borrow without too many hurdles.
12 Best Loan Apps for Self-Employed People in India
If you're looking for easy ways to borrow money online as a self-employed individual, these loan apps are worth checking out.
| Loan App | Loan Amount Range | Interest Rate (p.a.) | Repayment Tenure | Special Features |
|---|---|---|---|---|
| Freo Money | ₹3,000 - ₹5 Lakhs | 13.00% - 36% | 2 - 36 months | Revolving credit line, interest on used amount, instant approval. |
| PaySense | ₹5,000 - ₹5 Lakhs | 14% - 36% | 3 - 60 months | Wide eligibility, no collateral, digital process, Flexi EMI options. |
| CASHe | ₹45,000 - ₹3 Lakhs | ~33.5% - 36% (2.79%-3% p.m.) | 9 - 18 months | Quick approval, digital KYC, focuses on salaried professionals. |
| Pocketly | ₹1,000 - ₹50,000 | 24% - 36% (2%-3% p.m.) | 2 - 6 months | Small, quick loans for salaried and self-employed. Minimal paperwork. |
| Lenditt | ₹10,000 - ₹3 Lakhs | 28% - 36.5% | 3 - 12 months | App-based, for salaried/self-employed, fast disbursal (often within 15 mins). |
| Hero FinCorp (Personal Loan App) | ₹50,000 - ₹5 Lakhs | Starting from 19% p.a. | 12 - 36 months | Fully digital process, no collateral required, quick disbursal. |
| RupeeRedee | ₹5,000 - ₹25,000 | 28% p.a. onwards | 7 days - 6 months | Short-term small loans, quick disbursal. Tenure can be as short as 7 days. |
| Rapidrupee | ₹1,000 - ₹60,000 | Starting from 12% p.a. (1% p.m.) | 3 - 12 months | Fast disbursal, no credit score generally required for small loans. |
| Moneyview | ₹5,000 - ₹10 Lakhs | 14% - 39% | 3 - 60 months | Flexible EMIs, paperless, loan approval often depends on internal credit model (flexible credit score criteria). |
| Buddy Loan | ₹10,000 - ₹15 Lakhs | 11.99% onwards | 6 months - 5 years | Loan aggregator platform, connects users to 80+ RBI-authorised lenders. High amounts possible. |
| KreditBee | ₹6,000 - ₹10 Lakhs | 12% - 28.5% | 6 - 60 months | Offers multiple loan products, fast approval for young professionals, low documentation. |
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Freo Money
Freo Money’s instant personal loan gives you a credit line instead of a regular loan. Once your credit limit is approved, you can borrow any amount from it whenever you need. You only pay interest on what you use, not on the full limit. The process is quick, app-based, and fully paperless. If your income is at least ₹20,000 to ₹30,000 per month and you're between 23 to 55 years old, you’re likely eligible.
What makes it useful:
- Get a reusable credit line of up to ₹5 lakh.
- Interest is only charged on the amount you actually withdraw.
- Entire process is online and paperless.
- No need to reapply for loans again and again.
- Open to self-employed users with monthly income around ₹20,000 or more.
Best for:
Freelancers and small business owners who deal with irregular income and want access to credit without the hassle of repeated applications.
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PaySense
PaySense offers personal loans to both salaried and self-employed users. You apply through their app, upload documents, and if you're eligible, the money is transferred quickly to your bank account. The app allows flexible EMIs and is known for accepting people with limited credit history, as long as you have a steady income.
What makes it useful:
- Apply through the app with full digital KYC.
- Flexible EMI options to match your cash flow.
- Accepts profiles with limited credit history.
- Loans are disbursed quickly to your bank account.
Best for:
New freelancers or self-employed individuals looking for quick personal loans and easy repayment options.
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CASHe
CASHe is a fully digital app offering short- and medium-term personal loans. It uses alternative data like your social profile and banking patterns to decide your loan limit. The process is quick, and all you need is your PAN, Aadhaar, and proof of income.
What makes it useful:
- 100% app-based with no physical documents needed.
- Offers short to medium-term loans for personal or professional needs.
- Accepts self-employed users with regular income and decent credit score.
Best for:
Young entrepreneurs and self-employed users who need top-up credit quickly and prefer a smooth, digital loan experience.
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Pocketly
Pocketly is built for students, early earners, and new freelancers. It offers small loans from ₹1,000 to ₹25,000 for short periods, usually 2 to 6 months. It’s easy to use and even accepts people with limited credit history.
What makes it useful:
- Offers loans from ₹1,000 to ₹25,000 for 2 to 6 months.
- Designed for those with limited credit history.
- Accepts students and self-employed with income as low as ₹15,000.
- No physical documents required.
Best for:
New freelancers or young professionals who need urgent, small cash loans and want to build credit gradually.
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Lenditt
Lenditt offers instant loans starting from ₹10,000 to ₹3 lakh. It is fully app-based, and the loan approval often happens within minutes. It serves self-employed users who have consistent, banked income and a credit score of 680 or more.
What makes it useful:
- Loan amounts range from ₹10,000 to ₹3 lakh.
- Fast loan decisions, often within minutes.
- Requires income proof via bank account credits.
- Short to medium tenure loans ideal for business use.
Best for:
Self-employed users who need working capital support or short-term personal loans without collateral.
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Hero FinCorp
Hero FinCorp is a trusted NBFC that offers personal loans up to ₹5 lakh. While it’s slightly more traditional than other apps, it is reliable and supports self-employed applicants with a business history of at least 2 years.
What makes it useful:
- Offers loans up to ₹5 lakh with tenures up to 3 years.
- Requires ITR and a business history of 2 years.
- Accepts applicants with annual income above ₹2 lakh.
- Strong brand backing and clear documentation process.
Best for:
Experienced business owners who prefer NBFC-backed personal loans and have a good financial track record.
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RupeeRedee
RupeeRedee is a fast personal loan app that offers small cash loans for urgent needs. The process is quick and digital: just download the app, complete KYC with PAN and address proof, share income details, and get the funds in your bank account, often within minutes. Loan amounts range from ₹2,000 to ₹1.50 lakh with tenures up to 12 months. It’s open to self-employed users earning at least ₹15,000 per month and living in supported cities like Delhi NCR, Mumbai, Bangalore, and more.
What makes it useful:
- Loan amounts from ₹2,000 to ₹5,000 with tenures up to 3 months.
- Accepts applicants as young as 18 and up to 65.
- Open to self-employed users with income from ₹15,000 onwards.
- Instant disbursal after online KYC.
Best for:
Self-employed users who need fast, small-ticket loans for urgent expenses.
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RapidRupee
RapidRupee offers quick personal loans to both salaried and self-employed users. The app is easy to use and gives small- to mid-sized loans, especially for urgent cash needs. You just need to provide your income details and basic KYC.
What makes it useful:
- Quick loans with amounts suited for short-term business or personal use.
- Entire process is digital, including e-KYC and bank verification.
- Accepts freelancers and small business owners with regular banked income.
Best for:
Gig workers or micro-business owners needing immediate cash flow support.
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Moneyview
Moneyview offers personal loans up to ₹10 lakh with flexible repayment tenures. The entire process is online, and the app accepts self-employed users with income of at least ₹25,000 per month. You also need a CIBIL score of around 650 or above.
What makes it useful:
- Loan amounts up to ₹10 lakh with tenures up to 5 years.
- Minimum monthly income needed is around ₹25,000.
- Accepts credit scores of 650 and above.
- Online eligibility check and fast approval.
Best for:
Self-employed professionals looking for bigger loans for business expansion or personal needs over a longer term.
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Buddy Loan
Buddy Loan is not a lender itself but helps you find loan offers from multiple banks and NBFCs through a single application. Once you fill out your details, it connects you to partner lenders who may give you personal or business loans.
What makes it useful:
- You can compare offers from multiple lenders without filling separate forms.
- Loan range is wide, from ₹10,000 to ₹15 lakh.
- Accepts self-employed applicants with income starting at ₹15,000.
- Helps find better interest rates and improves approval chances.
Best for:
Self-employed users who want to shop around for the best deal without applying multiple times.
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InstantFunds
InstantFunds offers fast personal loans to both salaried and self-employed users, with approvals and disbursals often completed in under 15 minutes. Users apply through the app or website, complete digital KYC with PAN and Aadhaar, and get loans without needing any guarantor or collateral. Loan amounts range from ₹5,000 to ₹50,000, with flexible repayment through a secure online gateway.
What makes it useful:
- Accepts self-employed users with ₹15,000+ monthly banked income.
- Quick and paperless process without branch visits or repeated documentation.
- Quick disbursal for loan amount between ₹5,000 to ₹50,000
Best for:
New entrepreneurs or self-employed borrowers who need money urgently and have limited documents.
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KreditBee
KreditBee is another popular app that offers instant loans ranging from small to large amounts. It’s designed for both salaried and self-employed users and allows you to apply completely online. The app accepts people with income starting from ₹10,000 per month.
What makes it useful:
- Offers up to ₹10 lakh with instant approval and disbursal.
- Minimum income required is around ₹10,000 to ₹15,000 per month.
- Flexible tenure options based on profile.
- Accepts different kinds of income proof, including P&L and bank statements.
Best for:
Self-employed users looking for both short-term and long-term loans through a single platform.
Closing Thoughts
Getting a loan as a self-employed person does not have to be complicated anymore. With the right loan app, you can access funds quickly without heavy paperwork or long waiting periods. Whether you need a small amount for emergencies or a larger loan for business growth, these apps offer flexible options that fit different income patterns. The important thing is to choose an app that matches your needs, repayment comfort, and financial situation.
