Home Loan for Small Business Owners – A Practical Guide for Self-Employed Applicants

Owning a home is a significant financial milestone, particularly for individuals who have built their livelihood through independent enterprise. For many entrepreneurs, small shop owners, and self-employed professionals, income may not follow a fixed monthly pattern. 

In such cases, a Home Loan for small business owners requires a lending approach that evaluates earning capacity in a realistic manner. Sambhav Home Loans by Bajaj Housing Finance are designed to support homeownership for self-employed individuals and micro-entrepreneurs. Designed to recognise diverse income patterns, Sambhav Home Loans assess applicants holistically, aligning loan structures with long-term repayment capacity. 

What Makes Sambhav Home Loans Relevant for Small Business Owners?

Sambhav Home Loans are designed to support neighbourhood retailers, vendors, and microentrepreneurs who run small businesses. The focus is on inclusive home financing through structured evaluation. The income assessment framework takes into account business activity, operating history, and household income patterns.  

Who Can Apply for Sambhav Home Loans?

Sambhav Home Loans are suited for both salaried and self-employed individuals, including: 

• Kirana store owners/medical shop operators 
• Street vendors, hawkers, and local entrepreneurs 
• Small service providers and business owners without formal licences (subject to assessment) 

Documents Required for a Home Loan for a Self-Employed Applicant

Understanding the required documents*** for a Home Loan for self-employed applicants helps simplify the application journey. Sambhav Home Loans can be availed of with or without income proof. While documentation may vary based on profile, you are generally expected to provide the following: 

Mandatory Documents

• PAN Card or Form 60 (borrowers who do not have a PAN Card can submit Form 60) 

KYC / Business Details

• Recent photograph 
• Voter’s ID 
• Valid current address proof 
• Proof of possession of Aadhaar 
• Valid driving licence 
• Business vintage proof 

Property-Related Documents

• Title deed 
• Allotment letter 
• Property tax receipts 

***This is an indicative list.  

How is Eligibility Evaluated for Small Business Owners?

Typically, the eligibility for small business owners is determined based on factors such as age and nationality. To apply for a Sambhav Home Loan, small business owners need to meet the following criteria: 

• The applicant should be an Indian resident 
• Applicant should be between 23 and 70 years** of age 

**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile. 

An important feature of Sambhav Home Loans is the consideration of combined family income, including assessed cash income. In many households, income flows from multiple contributors—such as a spouse assisting with the business or running a parallel service activity. These combined earnings may strengthen overall eligibility.  

Also Read: Minimum CIBIL Score for Business Loans 

Loan Amounts Aligned with Housing Needs 

Sambhav Home Loans offer loan amounts starting from Rs.4 Lakh*.  

The sanctioned amount depends on assessed income, existing obligations, property valuation, and overall repayment capacity, among other factors.  

How to Apply for a Sambhav Home Loan?

You can begin your Sambhav Home Loan application with Bajaj Housing Finance in just a few minutes, thanks to a quick and easy online process: 

1. Go to our application form to apply for a housing loan.  
2. Enter your name and mobile number and then choose your employment type.  
3. Next, pick the type of loan you want to apply for and enter your net monthly income. 
4. Next, enter your PIN code and the loan amount you need. 
5. To get an OTP, click on ‘Generate OTP’ and enter it once you receive it on your registered mobile number.  
6. Fill in the rest of the financial information.  
7. Finally, click “Submit’ to submit your application. 

After you submit your application, a representative will get in touch with you within 24 hours* to help you with the next steps. You can also go to your nearest branch to apply for a Sambhav Home Loan in person. 

*Terms and conditions apply.  

For entrepreneurs and self-employed individuals, homeownership represents stability, long-term planning, and a meaningful personal milestone. Sambhav Home Loans by Bajaj Housing Finance are designed to recognise diverse income patterns, considering combined household earnings.