Salaried vs Self-Employed: Loan Differences in 2025

Documents Salaried: Salary slips (3 months), Form 16, bank statement Self-Employed: ITR (2 years), audited P&L, GST returns, bank statement (12 months)

Interest Rate Spread Self-employed typically pay 1-2% higher due to perceived income volatility.

Tenure Salaried can get up to 7 years; self-employed often capped at 5.

Trick Self-employed with strong GST + ITR history can negotiate rates equal to salaried at premium banks like ICICI and Axis.