Get Instant Loan Without Salary Slip (Up To 5 Lakh)

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. You can get up to 5 lakh loans quickly.

Get Instant loan without salary slip- 5 Best Apps

1. MoneyTap

Interest rate13-18% per annum
Loan AmountFrom 3000 to 5 lakh
Approval ProcessOnline
Loan TenureA minimum of 2 months and a maximum of 36 months are required.
Eligibility Age23 years to 55 years
Source of IncomeSalaried Person or Self Employed
Monthly IncomeRs. 20,000 per month
Processing Fees2% of the Loan Amount

India-based money lending service MoneyTap provides short-term loans. MoneyTap gives you up to 5 lakh loans to its customers. To get a loan, you’ll just need a minimum of documents.

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.

2. Phocket Personal Loan

Interest rate24% to 30% p.a.
Loan AmountUP to 1 lakh
Loan TenureUp to 110 days
Income RequiredRs. 20,000/-
Eligible ForSalaried 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 rate14%  to 28% per annum
Loan AmountFrom 5,000 to  1 lakh  
Approval ProcessOnline
Income RequiredRs. 15,000 per month
Loan Tenure3 months to 24 months
Eligibility Age21 years or above
Processing FeesRs. 199 + GST
Eligible ForSalaried 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.

4. Simply Cash Loan

Interest rate2.08% per month or 25% p.a.
Loan AmountFrom 50,000 to  1.5 lakh
Credit ScoreMinimum 650 or above
Loan TenureFrom 6 months to 24 months
Eligibility Age21 to 58 years
Income RequiredRs. 15000/- Per month
Processing Fees2.5% + GST
Eligible ForSelf-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.

5. Navi Instant Loan

Interest rate12-30% per annum on reducing the balance
Loan AmountFrom Rs. 10,000 to 5 lakh
Credit ScoreMinimum 650 or above
Approval ProcessOnline
Loan TenureFrom 3 to 60 months
Eligibility Age18 to 65 years
Processing Fees2.5% of Loan Amount + GST Charge
Who Can ApplySelf-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.

Also Read: Buddy Loan Apply 

Eligibility Criteria

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.
Also Read: 7 instant personal loan apps without salary slip

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

Bottom Line

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.