Personal Loan Eligibility for Self-employed Applicants-Wishfin

Kayan.pereira22 Apr, 2022Finance

A personal loan is for every individual, but there are certain eligibility criteria that you have to meet. This is an unsecured loan as the lender won?t ask for the collateral. Your loan offer depends on your creditworthiness. But as there is no asset involved, the lender checks your monthly income and obligations to see your repayment capacity. In the case of self-employed borrowers, the lender will check their annual incomes.