Being your own boss is powerful.
But when it comes to loans, self-employed individuals face extra scrutiny.
That’s why Vizzve has simplified the process — here’s your custom checklist to get the loan you need.
Loan Checklist for Self-Employed Individuals
✅ 1. Basic KYC Documents
PAN Card (Mandatory)
Aadhaar Card (linked to mobile number)
Passport-size photo (optional)
These verify your identity and are standard for all applicants.
✅ 2. Income Proof Documents
Banks want to see stable income flow — not just high amounts.
📊 Accepted Proofs:
Bank statements (last 6–12 months)
Income Tax Returns (last 2–3 years)
Profit & Loss statement (optional but helpful)
GST returns (if applicable)
🧠 Tip: Show consistent monthly credits, even if amounts vary.
✅ 3. Business Proof (Any One)
To prove you’re running a legitimate business:
Business registration/license
Udyam (MSME) certificate
CA-certified letter of business activity
Freelance contracts or invoices (for gig workers)
✅ 4. Credit History
Not mandatory — but a good CIBIL score (650+) boosts approval chances.
Don’t have a credit score yet? Vizzve’s flexible engine may still approve based on income flow.
How Vizzve Makes It Easy
✅ 100% Digital Loan Application
✅ Upload your documents from phone
✅ No branch visits or lengthy forms
✅ Approval in 24–48 hours for eligible profiles
Tips to Boost Loan Approval as a Self-Employed Applicant
Maintain clean bank records (avoid bounce backs)
File taxes on time
Keep one account for business income (helps show flow)
Submit complete documents – half info delays loans
Example: What a Successful Application Looks Like
| Document | Description |
|---|---|
| PAN & Aadhaar | Identity verification |
| Bank Statement | ₹50K–₹1L inflow/month for last 6 months |
| ITR | 2 years filed on time |
| Udyam Certificate | MSME registration |
| Credit Score | 680+ (Optional, but helps) |
❓FAQs
Q1: Can freelancers get personal loans from Vizzve?
Yes! As long as you can show consistent income, you’re eligible.
Q2: What if I haven’t filed ITR?
It may affect approval. At least submit bank statements with regular income.
Q3: Is business registration compulsory?
No, but having one increases trust. Freelancers can submit contracts or invoice history.
Q4: Can I get a loan with bad credit?
Possibly, if your income flow is strong. Vizzve focuses more on real-time eligibility.
Final Word: Your Business, Your Rules — And Your Loan
Being self-employed shouldn’t mean loan complications.
With Vizzve, you get the loan you deserve — with a checklist made just for you.
💬 “Bosses don’t wait. Apply smart, apply with Vizzve.”
Published on : 28th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed