All banks and most of other financial institutions require borrowers to provide income proof like salary slips, income tax returns, bank statements, employer affidavit, Form 16, etc. to verify the borrower’s monthly income flow and the income sources as claimed.
However, there are some online lenders like Money View, Navi, Indiabulls Dhani, KreditBee, MoneyTap, CASHe, PaySense, etc. that do not require salary slip as income proof. Applicants can get an instant personal loan without salary slip from these lenders as their bank statements usually have information about their salary credits and that is a suitable income proof.
Following are the personal loan eligibility criteria without salary slip:
For Salaried Individuals
For Self-Employed Individuals
For Salaried Individuals
For Self-Employed Individuals
As per the guidelines of financial lenders, it is necessary for applicants to submit their PAN card when applying for a personal loan because it is mandatory by the tax laws. However, it is stll possible to get a personal loan without submitting the PAN card if the personal loan amount is below Rs. 50,000. However, many financial lenders insist on submitting the PAN card. If the applicant has misplaced their PAN card at the time of personal loan application, the PAN card number will suffice.
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There are some personal loan apps that offer personal loans without salary slips. All you need as an income proof is bank statements showing salary credits. Here are the name of such apps:
Now get IDFC First Bank personal loan of Rs. 20000 to Rs. 1 Crore at lowest interest rate starting from just 10.49% per annum and the processing fee is 3.5% of the sanctioned limit + GST.
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You can get a personal loan without salary account/slips or ITR certificate. If the applicant does not have a regular income proof document such as salary slips and ITR, they can alternate income proof to prove to the lender that the loan repayment. Following are a few ways to get over this hurdle:
You can get an urgent cash loan without salary slip from apps like Money View, PaySense, KreditBee, Indiabulls Dhani, Navi, etc. Visit the website or download the app of the lender, check your personal loan eligibility, apply for the preferred loan amount and submit the required documents such as identity proof, address proof, and bank statements having details of your salary credits. Once your loan application is approved, the loan amount will be transferred to your bank accounts within 24 hours by the loan app without salary slip.
The minimum income requirement for an instant cash loan is Rs. 25,000 per month, depending on the lender, applicant’s residence city, and other factors.
You can get an instant personal loan without your salary slip from some loan apps but they will require your bank statements that must have details of your salary credits. Lenders will not be able to provide a loan without salary slip and bank statement.
Yes. Some lenders like Money View, Faircent, Home Credit, etc. offer personal loans for salary less than Rs. 15,000. These are some of the best instant loan app without salary slip. You can get personal loan without CIBIL and income proof with some of these lenders.