Banks and other lenders often ask for proof of income from borrowers, such as payslips, income tax returns, bank statements, employer affidavits, and Form 16. It is a common procedure for lenders to verify a borrower’s monthly income and the sources from which it comes.
Getting an instant loan without a salary slip is now possible, however, since bank statements frequently include information on a person’s salary credits, which serves as a sort of income proof.
Get Instant loan without salary slip- 5 Best Apps
|Interest rate||13-18% per annum|
|Loan Amount||From 3000 to 5 lakh|
|Loan Tenure||A minimum of 2 months and a maximum of 36 months are required.|
|Eligibility Age||23 years to 55 years|
|Source of Income||Salaried Person or Self Employed|
|Monthly Income||Rs. 20,000 per month|
|Processing Fees||2% of Loan Amount|
India-based money lending service MoneyTap provides short-term loans. MoneyTap lends up to 5 lakh rupees to its customers. To get a loan, you’ll just need a few pieces of paperwork.
It will take 24 hours for the loan to be approved. And the whole procedure is carried out online. The application process may be completed online from the comfort of your own home.
|Interest rate||24% to 30% p.a.|
|Loan Amount||UP to 1 lakh|
|Loan Tenure||Up to 110 days|
|Income Required||Rs. 20,000/-|
|Eligible For||Salaried Person|
In India, Phocket Personal Loan is a company that offers same-day loans. People who can’t pay back their debts might get a quick loan from this company.
From Rs. 5000/- to Rs. 1 lakh, you may get a loan. Within 110 days, you may pay back the loan.
3. Kissht Loan
|Interest rate||14% to 28% per annum|
|Loan Amount||From 5,000 to 1 lakh|
|Income Required||Rs. 15,000 per month|
|Loan Tenure||3 months to 24 months|
|Eligibility Age||21 years or above|
|Processing Fees||Rs. 199 + GST|
|Eligible For||Salaried Person / Self Employed|
When you need money fast, go no farther than Kissht. Apply for a Kishht personal loan for online shopping and more. Up to 1 lakh in loan limit.
A subsidiary of Onemi Technology Private Limited, Kishht is an NBFC firm.
|Interest rate||2.08% per month or 25% p.a.|
|Loan Amount||From 50,000 to 1.5 lakh|
|Credit Score||Minimum 650 or above|
|Loan Tenure||From 6 months to 24 months|
|Eligibility Age||21 to 58 years|
|Income Required||Rs. 15000/- Per month|
|Processing Fees||2.5% + GST|
|Eligible For||Self Employed/ Salaried Person|
Hero FinCorp powers Simply Cash, a personal loan app. Use the Simply cash app to apply for a personal loan. Get a loan ranging from Rs. 50,000 to Rs. 1.5 million.
Loans from Simply Cash have a low-interest rate and only need little paperwork.
|Interest rate||12-30% per annum on reducing balance|
|Loan Amount||From Rs. 10,000 to 5 lakh|
|Credit Score||Minimum 650 or above|
|Loan Tenure||From 3 to 60 months|
|Eligibility Age||18 to 65 years|
|Processing Fees||2.5% of Loan Amount + GST Charge|
|Who Can Apply||Self Employed/ Salaried Person/ Student|
Navi offers up to 5,000,000 paperless loans. The loan will be deposited into your bank account when you submit your KYC documentation.
Instant personal loans may be applied for using the Navi app. This is a non-collateralized loan. Applying for a fast loan with Navi requires just a few pieces of documentation.
For Salaried Person
- Applicants must be between the ages of 21 and 55.
- The applicant’s bank account should be immediately debited each month with his or her monthly salary.
- There should be at least Rs. 15,000 in cash on hand every month.
- There should be a minimum credit score of 700 or above.
For Self Employed
- Applicants must have an annual income of at least Rs. 2 Lakhs as shown in their Income Tax Returns.
- Income should be deposited straight into the applicant’s bank account.
- A CIBIL score of 700 or greater is necessary for this job opportunity.
- Applicants must be between the ages of 23 and 60 to be eligible for consideration.
Documents Required to Get Instant Loan without Salary slip
- Pan Card
- Voter Card
- 6 Months Bank Statement PDF format
- IT file for Self Employed
- Aadhaar Card
- Electric Bill
Apply for an instant personal loan without a salary slip through the mentioned application. Money will credit to the bank account within 24 hours.
Only you will require a good credit score to apply for an instant loan.