Documentation is an integral part of any loan application process. But, very often applicants find this process very cumbersome and time-consuming and look for an instant loan without documents or for a personal loan without documents. But is this option available?
The answer to the above question is both yes and no!
It may be possible to get a personal loan without documents in cases as mentioned below:
The pre-approved loan offers are made to existing customers of the bank /credit card issuer and may not require documents as your lender will already have them. Additionally, your eligibility will already be assessed by the lender before providing this offer.
However, this facility is not made available for new customers of the bank who apply for loans. Therefore, if you are a new customer, getting an instant loan without documents will not be possible.
While you may not be eligible for a personal loan or an urgent cash loan without documents, we have the next best option which is - minimal documentation.
Lenders such as Money View have done away with extensive documentation or multiple photocopies of documents and all that is required now is just three documents.
Given below are Money View’s minimal documentation requirements -
|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 OR Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed|
Now that you know that Money View personal loans involve an easy documentation process, we are sure you would like to know about other features of Money View Personal loans.
Availing a personal loan without documents is not practical as lenders require your documents to assess your eligibility and repayment ability. While there are certain conditions wherein you may be able to get a loan from a lender without documentation, it is not possible for new users.
However, if you wish to avoid the hassle of submitting multiple documents, apply for a Money View personal loan where the documentation requirements are minimal and loans are disbursed within 24 hours of application approval. Visit the Money View website or download the app
Where can I get instant loans without documents for self-employed applicants? You can get a instant loan without documents only in the following conditions -
If not, you will have to mandatorily submit certain documents.
Choose your loan plan
Based on the options provided, 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
To process loans at Money View, we do not require any hard copies or photocopies of your documents. All you need to do is upload approved copies of your Identity, Address, and Income Proof.