If you’re a self-employed individual in India struggling to secure a home loan because you haven’t filed an Income Tax Return (ITR), you’re not alone—and there’s good news! A home loan for self-employed without ITR is designed to help entrepreneurs, freelancers, and small business owners who lack formal tax documentation but have a stable income. This guide explores home loan for self-employed without ITR interest rates starting from 9.00% p.a., eligibility criteria based on alternative income proof, benefits like flexible terms, and a clear application process. As of today, September 13, 2025, NBFCs like Bajaj Finserv and private banks are stepping up with tailored options, reflecting a growing demand for inclusive lending. We’ll cover home loan for self-employed without income tax return eligibility, top lenders, and practical steps. For official details, visit Bajaj Finserv Official Website. Let’s dive into the details to see how you can make this work!
Overview of Home Loan for Self-Employed Without ITR in India
For self-employed individuals who haven’t filed an ITR—perhaps due to new ventures or informal income sources—a home loan for self-employed without ITR opens doors to homeownership. These loans are offered by NBFCs like Bajaj Finserv, Fullerton India, and some private banks like HDFC, focusing on alternative income verification.
As of September 13, 2025, the demand for such loans is rising, especially among freelancers and small business owners, with lenders adapting to include non-traditional proof. This overview sets the stage for understanding home loan for self-employed without income tax return eligibility and options.
These loans support financial inclusion for the self-employed community.
Key Providers
NBFCs and private banks lead the way.
Market Trends 2025
Growing acceptance of alternative income proof.
Latest Home Loan Interest Rates for Self-Employed Without ITR 2025
As of September 13, 2025, home loan for self-employed without ITR interest rates start at 9.00% from Bajaj Finserv, with HDFC at 9.25% for secured loans and Fullerton India at 9.50% for unsecured options. Rates are higher due to perceived risk but remain viable.
Lenders adjust terms based on alternative documentation.
Provider
Loan Type
Rate (% p.a.)
Tenure (Years)
Processing Fee (%)
Bajaj Finserv
Unsecured
9.00-10.50
Up to 10
Up to 3
HDFC
Secured
9.25-11.00
Up to 15
Up to 1
Fullerton India
Unsecured
9.50-11.25
Up to 10
Up to 2
ICICI
Secured
9.30-10.75
Up to 15
Up to 1.5
Indiabulls
Unsecured
9.75-11.50
Up to 10
Up to 2
Secured loans offer lower rates.
Fixed vs Floating Rates
Floating at 9.00% adjusts; fixed at 9.5-10.5% stable.
Special Offers
HDFC waives 0.5% fee with co-applicant.
Eligibility Criteria for Home Loan Without ITR
Eligibility for a home loan for self-employed without ITR requires Indian residency, age 25-70, a business or freelance career of 2+ years, and alternative income proof like bank statements.
CIBIL 600+ acceptable with collateral.
Criteria
Requirement
Age
25-70
Business Tenure
2+ years
Income
₹2.5 lakh p.a. (via statements)
CIBIL Score
600+
Collateral
Optional (Secured)
Co-applicant with good credit helps.
Income Assessment
Based on bank transactions.
Benefits of Home Loan for Self-Employed Without Income Tax Return
These loans bring relief for self-employed without ITR, offering access to funds and flexibility.
Access to Funds: Without ITR.
Flexible Terms: Up to 15 years.
Tax Benefits: ₹30,000 under 80C.
High LTV: Up to 70%.
No Prepayment Penalty: Early repayment.
Supports homeownership dreams.
Additional Perks
0.5% rate cut with co-applicant.
Secured vs Unsecured Loans for Self-Employed Without ITR
Secured loans use property, rates 9.25-11.00%. Unsecured, like Fullerton at 9.50%, no collateral.
Type
Rate (%)
Limit (₹)
Pros
Cons
Secured
9.25-11.00
Up to 75L
Lower rates
Collateral risk
Unsecured
9.50-11.50
Up to 30L
No collateral
Higher rates
Secured for larger loans.
Choosing the Right Type
Depends on income proof.
How to Calculate EMI for Home Loans Without ITR
EMI = P * r * (1+r)^n / ((1+r)^n - 1). For ₹25 lakh at 9.00%, 15 years: EMI ≈ ₹25,300.
Loan (₹ Lakh)
Rate (%)
Tenure (Years)
EMI (₹)
Total Interest (₹ Lakh)
25
9.00
15
25,300
20.04
30
9.25
10
38,400
16.08
20
9.50
10
25,900
11.08
Use bank EMI tools.
EMI Factors
Rate and tenure impact cost.
Application Process for Home Loan for Self-Employed Without ITR
Apply online via NBFC portals or branch with income proof.
Check eligibility online.
Select loan type.
Submit application with bank statements.
Upload documents.
Get approval in 10-20 days.
Secured loans need valuation.
Online vs Offline
Online faster; offline for queries.
Documents Required for Home Loan Without ITR
Documents include ID, business proof, alternative income evidence.
Document
Requirement
ID Proof
Aadhaar, PAN
Business Proof
Shop act, GST
Income Proof
Bank statements (12m)
Property Proof
Agreement
Address Proof
Utility bill
Secured need valuation.
Verification
Banks verify transaction consistency.
Pros and Cons of Home Loan for Self-Employed Without ITR
Pros: Access without ITR; cons: Higher rates.
Pros
Cons
ITR not needed
Higher interest
Flexible terms
Collateral risk
Tax benefits
Doc intensive
High LTV
Lower limits
2025 trends
Data unavailable on approvals — verify officially
Viable with strong income proof.
FAQs on Home Loan for Self-Employed Without ITR in India
What are the latest home loan for self-employed without ITR interest rates in 2025?
Latest home loan for self-employed without ITR interest rates in 2025 start at 9.00% from Bajaj Finserv, 9.25% from HDFC, and 9.50% from Fullerton India.
What is the eligibility for home loan for self-employed without income tax return?
Eligibility requires Indian residency, age 25-70, 2+ years business tenure, minimum income ₹2.5 lakh p.a. via bank statements, CIBIL 600+.
What are the benefits of a home loan for self-employed without ITR?
Benefits include access without ITR, flexible tenure up to 15 years, tax deduction ₹30,000 under 80C, high LTV up to 70%, no prepayment penalty.
Which banks offer home loans for self-employed without ITR in 2025?
Banks like Bajaj Finserv (9.00%), HDFC (9.25%), Fullerton India (9.50%), and ICICI (9.30%) offer home loans for self-employed without ITR in 2025.
What is the difference between secured and unsecured loans for self-employed without ITR?
Secured loans offer 9.25-11.00% rates with up to ₹75 lakh using collateral, unsecured at 9.50-11.50% no collateral but lower limits.
How to calculate EMI for a home loan without ITR?
Calculate EMI with EMI = P * r * (1+r)^n / ((1+r)^n - 1); for ₹25 lakh at 9.00% over 15 years, EMI ≈ ₹25,300.
What is the application process for a home loan for self-employed without ITR?
Process involves checking eligibility, selecting loan type, submitting form with bank statements, uploading documents, approval 10-20 days.
What documents are required for a home loan without ITR?
Documents include ID proof, business proof, bank statements (12 months), property agreement, address proof.
Can self-employed with no ITR get a home loan easily?
It’s challenging but possible with strong bank statements, co-applicant, or collateral; approval depends on lender.
Is there GST on home loan for self-employed without ITR in 2025?
GST on home loan for self-employed without ITR in 2025 is 18% on processing fees, not principal; see Ambak GST on Real Estate.
