Easy Steps To Get Loan Without Income Proof

Loan Without Income Proof

Any person can face an immediate need for funds. The option of personal loans can come as a helping hand in such situations. However, many lending institutions demand income proof prior to sanctioning the loan. It is understandable that owing to certain circumstances you may not be able to show the income proof. In such scenarios, getting a personal loan without income proof can be really helpful.

As the lender uses other assessments to check your creditworthiness, a personal loan without income proof ensures that you do not have to show any of your income or salary statements to get the loan.

Benefits Of Personal Loan Without Income Proof

There are several benefits of getting a personal loan without income proof. Some of them are as given below:

Instant Loan

You can get the loan amount in a matter of minutes. All you will have to do is to provide the necessary information to get the loan amount. Once these documents are successfully verified the loan amount will be disbursed immediately.

Paperless Application

You do not have to go through filling different types of forms. You can easily apply with the help of Aadhar card and PAN card alone.

Flexible Repayment Structure

On the basis of your convenience, you can choose the tenure of your loan repayment. What this implies is that you can easily choose the time period by which you will be paying the loan. If you have a longer payment tenure, your EMI amount will be less but you will have to pay more. On the other hand, if you go for a short tenure, your EMI amount will be higher but you will not have to pay much in the form of interests. So, based on your convenience, you can choose which payment option to go for.

Maximum Amount Of Rs. 5 lakh

If you want a the loan then the maximum amount which you can expect to get is Rs 5 lakh. From Rs 15,000 to Rs 5 lakh you can easily get the amount of your choice.

Eligibility Criteria For Personal Loans Without Income Proof

The eligibility criteria to get a loan it is also quite simple. You will just have to match these points to get the loan amount:

  • You must be a citizen of India
  • You must be within the age group of 18-65 years.
  • Your credit score should not be below 650
  • You should have a monthly income whether in the form of salary or through the channels of self-employment

Documents Required For Personal Without Income Proof

Here is the list of documents required to get a personal loan without income proof.

  1. Documents pertaining to KYC: PAN Card, Aadhar Card, Voter ID.
  2. Documents pertaining to Age proof: Birth certificate, passport, PAN card.

Where To Look For Personal Loan Without Income Proof

Once knowing how to get a personal loan without income proof and what its benefits have been established, the last thing that remains for you to do is to look at the right place to get it.

Non-Banking Financial Companies or NBFCs are those financial institutions that serve to provide loans and financial advances to both individuals and companies. When it comes to getting personal loans without income proof, they are considered preferable over banks. There are many NBFCs which provide instant personal loan and that too without income proof. If you are looking for one follow the link below:


Gone are the days when you would have to show your income proof to the lender to get a personal loan. With the help of NBFCs, you can get one for yourself easily and instantly.


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