Personal Loan without Salary Slip

Following are the personal loan eligibility criteria  without salary slip:

For Salaried Individuals

• Applicants should be aged between 21 and 55 years.
• The monthly income should be credited directly to the bank account of the applicant.
• The minimum in-hand income should be Rs. 25,000 per month.
• The minimum credit score should be 700 and above.

For Self-Employed Individuals

• Applicants should have a minimum annual income of Rs. 2 Lakhs as per ITR.
• Income should be directly credited to the bank account of the applicant.
• A minimum CIBIL score of 700 or more is required.
• Applicants must be aged between the ages of 23 and 60 years.

For Salaried Individuals

• Proof of identity - any one of the following documents:
  • PAN Card 
  • Aadhaar Card
  • Passport
  • Voter ID
  • Driver’s License
• Proof of residence - any one of the following documents:
  • PAN Card
  • Aadhaar Card
  • Passport
  • Voter ID
  • Driver’s License
  • Utility Bills (such as Electricity, Water, or Gas) not older than the last 60 days.
• Proof of income: Bank statements in PDF format of the last 3 months of salary account showing salary credits.

For Self-Employed Individuals

• Proof of identity - any one of the following documents:
  • PAN Card
  • Aadhaar Card
  • Passport
  • Voter ID
  • Driver’s License
• Proof of residence - any one of the following documents:
  • PAN Card
  • Aadhaar Card
  • Indian Passport
  • Voter ID
  • Driver’s License
  • Utility Bills (such as Electricity, Water, or Gas) not older than the last 60 days.
• Proof of income: Bank statements of the last 3 months in PDF format.

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.

Additional Info: Get Instant personal loan with low cibil score.

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:

• Money View 
• Navi App
• Indiabulls Dhani
• KreditBee
• MoneyTap
• EarlySalary
• CASHe
• PaySense

Check, Best Instant Loan Apps without Salary Slip