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10 Best Instant Loan Apps In India Without Salary Slip

Submitted by admin on September 26th, 2024

Introduction:

In the current era, a financial crisis is unpredictable and can occur at any time and when one is in need of an instant loan without having to produce paperwork such as salary slips. Fortunately, there is no shortage of fintech apps for personal loans and many of them do not ask for salary slips, hence helping the independent workers, freelancers or anyone cannot provide actual proof of income, get an instant personal loan. These apps offer credit approval in a short time, little or no need for documents, and ways of repaying funds that are adaptable to numerous circumstances. Below is the list of top 10 best instant loan apps in India through which you can avail instant loan without submitting your salary slip.

1. KreditBee

Loan Range: ₹1,000 to ₹3 lakh

Features: Fast approval, minimal documentation. Loans are accessible without a salary slip for salaried or self-employed individuals.

Repayment Tenure: 2 to 24 months.

2. MoneyTap

Loan Range: Up to ₹5 lakh

Features: Personal credit line with instant approval and no salary slip required. Pay interest only on the amount used.

Repayment Tenure: 2 to 36 months.

3. PaySense

Loan Range: ₹5,000 to ₹5 lakh

Features: Quick personal loans with simple documentation. No salary slip needed if alternate income proof is provided.

Repayment Tenure: 3 to 60 months.

4. Navi

Loan Range: ₹10,000 to ₹20 lakh

Features: 100% digital process, no salary slip required for approval. Instant loan with flexible tenures.

Repayment Tenure: 3 to 36 months.

5. LazyPay

Loan Range: ₹10,000 to ₹1 lakh

Features: Instant approval with minimum documentation. No need for salary slips, caters to a wide variety of users.

Repayment Tenure: Up to 24 months.

6. EarlySalary

Loan Range: ₹8,000 to ₹5 lakh

Features: Fast loans without a salary slip, simple documentation process, aimed at young professionals and self-employed.

Repayment Tenure: 3 to 24 months.

7. Cashe

Loan Range: ₹7,000 to ₹4 lakh

Features: Offers fast loans based on your social profile and credit history. No salary slip required.

Repayment Tenure: Up to 12 months.

8. Dhani

Loan Range: Up to ₹15 lakh

Features: Completely paperless and digital loan process. No salary slip needed, just KYC documents.

Repayment Tenure: 3 to 36 months.

9. SmartCoin

Loan Range: ₹1,000 to ₹70,000

Features: Designed for self-employed and individuals without formal income proof. No salary slip required for loan approval.

Repayment Tenure: 3 to 12 months.

10. Bajaj Finserv

Loan Range: ₹30,000 to ₹25 lakh

Features: Flexible documentation process, personal loans without salary slips based on other forms of income proof.

Repayment Tenure: 12 to 60 months.

These apps offer fast, hassle-free access to personal loans, making them perfect for those who may not have traditional income documentation like salary slips.

Conclusion:

Hence, the difficulties of getting loans without a salary slip have reduced significantly with new fintech apps that offer instant personal loans with few documents required. These mobile applications have made the process of acquiring loans easy, and it is accommodative to so many individuals in the society, particularly casual workers, self-employed professionals, etc. From a business purpose, a medical emergency, or even for travelling, these loan apps provide easier access to funds with fast disbursement, easy repayment, and easy access without having to leave the comfort of your home or office via a smartphone. It is important to check the terms and conditions before applying and picking the right app for your needs.