How To Get Instant Personal Loan Without Income Proof Documents?

A personal loan for any reason is always approved based on authentic proof and documents. Income proof documents are critical for loan approval as the lender gains the confidence in borrower’s authenticity and repayment ability. Nowadays, it is possible to get a personal loan without submitting income proof documents in a physical format. Instead, borrowers can login via net banking and verify the banking details while applying for a personal loan.
 

Can a borrower with no income proof documents avail of instant personal loans?

 
For salaried or self-employed individuals, proof of income is a key documentary requirement for getting personal loans. However, a borrower can still avail of the instant personal loan without loads of income proof documents.
 

How to get an instant personal loan without income proof documents?


Before applying for a personal loan, it is necessary to understand the key features and eligibility criteria of instant loan apps
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Features

  • Fully digitized process 
  • Paperless documentation process
  • Personal Loan EMI calculator for personalizing loan amount and tenure
  • Affordable rate of interest per month
  • Flexible repayment options
  • Quick loan approval within minutes
  • Quick loan disbursal within a matter of a few working hours directly to the registered bank account of the borrower


Eligibility criteria

  • Indian Citizenship Proof
  • Borrower age should be between 21 – 58 years
  • Minimum monthly income or salary required - Rs.15,000
  • Banking to be verified
  • Salaried individual should be working with either private sector or public sector


Mandatory documents

  • Aadhar cards and PAN card details are the mandatory documents for E-KYC verification 


Applying for Instant Personal Loan without income proof documents

 
  • Download the instant cash loan app from Google Play Store or visit the official website of the lender
  • Register through creating basic profiles like name, email ID, mobile number, etc.
  • Use the Loan EMI calculator for personalizing loan amount and EMI
  • Submit your documents for online KYC verification
  • Verification of bank account
  • Instant personal loan on approval gets disbursed within a few hours to the borrower’s bank account
 
Through Instant loan apps, borrowers can get personal loans approved without major income proof documents, within a few hours.
 
Ideally, a borrower should present the right set of KYC documents including Aadhar card linked to the mobile number and  PAN card details.
 
 

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