Most lenders require an extensive list of documents before approving a loan which includes a salary slip. But what if you don’t have one?
The good news is that you can still get an instant loan without salary slip.
6 Ways to Get Instant Cash Loan Without Salary Slip
Here are some options through which you can easily get a loan even without proof of income -
1. Provide Alternate Proof of Income
While you may not have a salary slip, there are still others documents that work as an alternate proof of income. Documents such as IT returns, bank statements, or even an income certificate will suffice.
2. Have a Good Relationship With the Lender
If you and the lending company have a good professional relationship, you may not have to provide a salary slip.
Remember, if the lender is convinced of your repayment ability, you will be able to get a loan easily even without the necessary documents.
3. Have a Good CIBIL Score
If there’s one factor that determines your creditworthiness, it is your CIBIL score.
If your score is above 750 and you are unable to provide a salary slip, the lender may still offer you a loan.
Having a high CIBIL score indicates that you are a responsible borrower.
4. Apply for a Secured Loan
While applying for a loan, you can offer to provide collateral as security. This reduces the risk for the lender who may then offer a loan without salary slip.
5. Apply with a Co-applicant
In case you are unable to furnish a salary slip or alternate proof of income, you can apply with a co-applicant.
This is also advantageous if you apply with someone who has a high credit score.
6. Apply from a Lender Who Requires Minimal Documentation
You can also get a personal loan from lenders such as moneyview who only require minimal documentation and may not need a salary slip.
Continue reading to know more about moneyview’s advantageous personal loans.
Moneyview Instant Personal Loan without Salary Slip
The steps to get a personal loan without a salary slip from moneyview are quite simple. You just need to fulfill the eligibility requirements, provide the necessary documents, and voila! The loan will be credited to your account within 24 hours!
Documents Required for Personal Loan without Salary Slip
Given below are the documents required for both salaried as well as self-employed applicants.
Documents Required for Salaried Applicants
Our documentation requirements are minimal. We will mainly require the following -
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Your PAN number
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Your mobile number will have to be linked to your Aadhaar card for KYC verification
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Clear selfie taken in a well-lit area
Please note that the documentation requirements will vary based on your profile. We may require proof of address, bank statement, and other supporting documents.
In case we require proof of address, any one of the following documents will suffice -
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Aadhaar Card
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Valid Indian Passport
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Valid Voter ID
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Valid Driver’s License
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Utility Bills (Electricity, Water, Gas) dated within the last 60 days
If we require income proof, you must furnish your bank statement for the last three months. This statement must also show your salary credits.
Eligibility Criteria For Personal Loans without Salary Slip
You can easily get personal loans from moneyview without the need for a salary slip. All you need to do is fulfill the eligibility criteria given below -
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Applicants must be between 21 years and 57 years
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Income must be credited directly to the applicants’ bank account. If you receive your salary in cash, we will not be able to provide personal loans for you.
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Minimum in-hand income of Rs. 13,500 for salaried applicants and Rs. 15,000 for self-employed applicants
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Minimum CIBIL score of 600 or Experian score of 650
How to Apply for an Instant Personal Loan without Salary Slip from moneyview
Follow the steps given below to easily get an instant loan without salary slip from moneyview -
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Step 1: Visit the moneyview website or download the app and submit your personal details to check your loan eligibility within 2 minutes.
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Step 2: Select the instant loan offer and a repayment plan of your choice
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Step 3: Upload all the required documents digitally
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Step 4: Upon approval, get the loan amount in your account directly within 24 working hours
Please ensure that the documents listed above are officially valid at the time of submission of your loan application.
Also, if you are able to clear the oKYC process during your application flow, the document requirement will be minimal.
All of the necessary documents can be uploaded online making the entire process convenient, quick, and hassle-free. While uploading the documents, ensure that all details are clearly visible.
