Yes, applicants can avail personal loans without ITR but only through certain lenders such as Money View. At Money View, the emphasis is placed on minimal documentation and a hassle-free application process.
To avail a personal loan from Money View, one will have to fulfill the eligibility criteria given below -
Given below are the documents required to avail a Money View personal loan -
|Identity Proof||Address Proof||Income Proof|
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other
reasons, any 1 of the officially valid documents given below will suffice)
Any 1 of the following -
Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits
Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed
|Fees & Charges||Amount Chargeable|
|Interest Rate||Starting from 1.33% per month|
|Loan Processing Charges||Between 2% to 8% of the approved loan amount|
|Interest on Overdue EMIs||2% per month on the overdue EMI/Principal loan amount|
|Cheque Bounce||Rs.500/- each time|
Check your eligibility
Give us the required details and we will let you know your eligibility in 2 minutes
Choose your loan plan
Based on the options given, you will have to select the loan amount and repayment term of your choice
Upload required documents
Upload all of the necessary documents online for verification
Loan transfer to your bank account
Post verification and submission of loan agreement, the loan amount will be credited to your account within 24 hours
If you are a self-employed individual and require a personal loan but do not have an ITR then there is no need to worry. At Money View, we do not ask for your ITR. All you will have to submit is the appropriate income proof, fulfill the eligibility criteria and avail the loan easily. Visit the Money View website or download the app to apply today.
No, without income proof you cannot avail personal loans. You will need to provide bank statements as proof of your income.
To successfully apply for a loan from any financial institution, your credit score is one of the most critical factors. However, at Money View, we use a unique credit rating system that takes into account not just your credit score but other criteria as well. Therefore, a CIBIL score of 600 and above or an Experian score of 650 and above is good enough for you to apply for an instant personal loan on Money View.
Interest rates on personal loans vary based on various factors, some of which are given below -
Self-employed individuals who earn a minimum of Rs. 15,000 per month can avail personal loans from Money View.