You can get a loan from us even if you don’t have a salary slip. To choose the best instant loan app, we have selected many from the market.
Here are the 6 best instant loan apps in India no income proof is required. You can get up to a 5 lakhs loan.
The Top 7 Best Instant Loan Apps in India without Income Proof
1. Navi
A paperless loan from Navi is available for up to 5 lakh rupees. You only need to provide your KYC documents, and the loan proceeds will be sent to your bank account.
When you apply for a personal loan with Navi Instant, you’ll be taken through the whole procedure online. That’s because this loan doesn’t need any collateral. A Navi quick loan can be applied for with a minimum of documentation.
| Interest rate | 12-30% per annum |
| Loan Amount | From Rs. 10,000 to 5 lakh |
| Credit Score | Minimum 650 or above |
| Approval Process | Online |
| 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 |
Also Read: How to Apply for Insta Personal Loan
2. Money View
Money View’s Instant Personal Loans provide loan amounts up to Rs. 5 lakhs and repayment periods of up to 5 years, with interest rates beginning at 1.33% each month. In less than two minutes, borrowers may find out whether they qualify for a personal loan, and if they do, they’ll have access to their money within 24 hours. Everything that has to be done to get a loan is done digitally, from the application through the repayment.
Money View has developed a new credit-scoring system that will make it simpler for those with poor credit to get personal loans.
| Loan amount | Rs. 5,000 – Rs 5 lakh |
| Loan tenure | 6 months- 5 years |
| Interest rate | 1.33% per month |
| Processing fee | 2% – 5% of the loan amount |
| Age Required | 21 – 57 years |
| Cibil Score | Yes |
| Eligible For | Salaried / Self-Employed / Student |
3. ZestMoney
In India, ZestMoney is a fast-growing fintech company that provides personal loans. You can receive a loan to go shopping without using a credit card.
ZestMoney Shopping Loan provides a credit line of up to 2 Lakh.
| Credit Limit | Up to 2 lakh |
| Interest rate | 0% to 21% |
| Approval Process | Online |
| Repayment Tenure | 3 months to 18 months |
| Processing Fees | NIL |
| Eligible For | Self-employed/ Salaried/Student/Housewife |
4. Truecaller
Truecaller is a well-known caller ID software that also provides immediate personal loans in the range of Rs. 10,000 to Rs. 5 lakh. With a Truecaller loan application and some minimum required paperwork, you can be approved right away.
| Interest rate | 16% per annum |
| Loan Amount | From 10,000 to 5 lakh |
| Credit Score | Minimum 650 or above |
| Loan Tenure | From 3 months to 36 months |
| Eligibility Age | 18 years or above |
| Income Required | Rs. 15,000/- Per month |
| Processing Fees | Charged Dynamically |
| Eligible For | Self-Employed/ Salaried Person |
Also Read: Top 10 Business Loan Apps in India
5. Cashe
Cashe is an app that will give you up to 4 lakhs of instant loans. Within the next day, you will have access to your quick personal loan.
Customers may borrow from CASHe for 90 to 540 days at interest rates ranging from 9.0% to 35.99%.
| Interest rate | 2.75% per month |
| Loan Amount | From 10,000 to 4 lakh |
| Credit Score | Minimum 700 or above |
| Loan Tenure | From 90 to 540 days |
| Eligibility Age | 23 to 58 years |
| Income Required | Rs. 12,000/- Per month |
| Processing Fees | Up to 5% |
| Eligible For | Self-Employed/ Salaried Person |
6. Buddy Loan
A guarantor loan may help if you are having trouble securing funding on your own.
Borrow from 1,000 INR to 15 lakhs for 1-5 years with the help of a Buddy Loan. You should just find a reliable cosigner who is prepared to guarantee your loan.
| Loan Amount | From 1,000 to 15 lakh |
| Interest rate | 11.99% p.a. |
| Loan Tenure | 1 to 5 years |
| Eligibility Age | 18 to 60 years |
| Income Required | NO |
| Processing Fees | Up to 5% |
| Eligible For | Self-Employed/ Salaried Person |
Your Turn
We give you the top 6 best instant loan apps in India no income proof required. Choose the lender that will match your profile & get a fast loan.
Within 24 hours, you will get the loan amount and your KYC documents is enough to apply.
You must log in to post a comment.