- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
HDFC Bank: A self-employed individual needs to have 3-4 years of business stability and an operational current account with HDFC to avail the loan without an income proof
Fullerton India: The Self-employed individuals need to have a current account with the lender and also he needs to show 3 years of ITR to avail the loan.
Personal Loan for Self Employed
If a self-employed is carrying an income proof, it is going to be a smooth loan journey for him/her. Before offering a loan to the borrowers, the lenders do check the documents and income proof is something on which they always keep an eye. So, submitting the same along with all the required documents allows a self-employed applicant to avail the loan without any hassle. However, one can also negotiate for the attractive personal loan rates and minimized charges so as to grab the best deal from a lender.
When it comes to self-employed borrowers, these are those individuals who own the unincorporated business by themselves. They are the sole owner of the business. However, many people think that it might be difficult for self-employed individuals to get the personal loan because of the fact that they are not salaried, but it is absolutely not the case. Just like any other salaried employee, a self-employed can also avail a personal loan easily.
The interest rate varies from bank to bank. And usually, it varies from %-25% depending upon your profile and the policies/scheme you opt for. In fact, an individual must fulfill the eligibility criteria, before availing the personal loan at this interest rate. If the profile of the candidate suits the bank, and the candidate maintains a good relation, he/she can even negotiate for a better interest rate. Moreover, depending upon the profile of the candidate, different lenders charge the different rate of interest from self-employed. So, before availing the personal loan, it is important to check the rate of interest with the bank.