What do you do when you desperately need money to deal with a crisis? Your best course of action is to apply for a personal loan. Almost all banks and financial institutions offer personal loans, but the application process can take long. It may be challenging to complete the documentation procedures. Additionally, you need a spotless credit history. Given these circumstances, the Best Instant Loan App In India Without Salary Slip ought to be an excellent substitute due to its inherent benefits, which include:
- Prompt disbursements and approvals.
- High levels of flexibility and simple eligibility requirements
- There is no need for collateral, the paperwork is convenient, and the features are user-friendly.
In this article, we will discuss the best instant loan apps without salary slips and other information related to the apps.
Also read: Instant Personal Loans vs. Credit Cards
What is an Instant Personal Loan?
Instant loans without pay stubs are becoming increasingly common in the personal finance world. Instant loans without salary slips, as the name implies, are loans disbursed quickly without needing a salary slip. You do not have to show documentation of your monthly income to qualify for these loans. Instant loans can assist you in getting the money you require quickly, whether for a medical emergency, an unexpected car breakdown, or even a forgotten birthday present.
You don’t have to wait for your paycheck to arrive or deal with extensive paperwork to obtain them. Various financial institutions have the best instant loan apps without salary slips to get these loans.
Also read: Best Share Market Apps for 2023
Top 10 Best Instant Loan Apps in India without Salary Slip
Here is the list of the 10 best instant loan apps in India without salary slips mentioned in the table below:
| S.no | Name of the app | Interest rate | Loan amount |
| 1 | MoneyTap | 13-24% | Rs. 35000 to 5 Lacs |
| 2 | PaySense | 16-36% | Rs. 5000 to 5 Lacs |
| 3 | Kreditbee | 13-35% | Rs. 1000 to 2 Lacs |
| 4 | Nira | 13-24% | Rs. 1000 to 2 Lacs |
| 5 | Cashe | 13-35% | Rs. 5000 to 4 Lacs |
| 6 | Navi Personal Loan | 9.9% | Rs. upto 20 Lacs |
| 7 | MoneyView | 15-36% | Rs. 35000 to 5 Lacs |
| 8 | Indialends | 13-24% | Rs. 35000 to 5 Lacs |
| 9 | FinNable | 12-25% | Rs. 5000 to 5 Lacs |
| 10 | Home Credit | 12-25% | Rs. 5000 to 5 Lacs |
Let’s discuss in detail the 10 best instant loan apps without salary slips:
1. MoneyTap
You can obtain a line of credit from MoneyTap up to Rs. 5 lakhs, and the best part is that interest is only charged on the withdrawn money. This is one of the Best Instant Loan Apps in India without salary slips, which offers loans at a highly reasonable interest rate.
| Loan Amount | Rs. 35000 to 5 Lacs |
| Interest Rates | 13 -24.03% |
| Tenure | 2-36 months |
| Charges | GST + 2% |
2. PaySense
PaySense provides personal loans up to Rs. 5 lakhs with up to a 48-month repayment period. The best loan app without salary slips is an excellent option for those needing quick cash because of its swift approval times and easy application process.
| Loan Amount | Rs. 5000 to 5 Lacs |
| Interest rates | 16-36% |
| Tenure | 3-48 Months |
| Charges | Upto 3% of the amount |
3. KreditBee
One of the most user-friendly and best instant loan apps without salary slips in India is KreditBee. You can check the reviews of the app before applying for the loan. The best part is that you can apply for a loan 24/7, and the app provides loans up to Rs. 2 lakhs with flexible repayment options.
| Loan Amount | Rs. 1000 to 2 Lacs |
| Interest Rates | 13-35.03% |
| Tenure | 2-4 Months |
| Charges | GST + 2% |
4. NIRA
NIRA provides loans up to Rs. 1 lakh with a maximum 12-month repayment period. The best loan app without salary slips is an excellent choice for people with a less-than-stellar credit history because of its relatively lax eligibility requirements.
| Loan Amount | Rs. 1000 to 1 Lac |
| Interest Rates | 13-24.03% |
| Tenure | 2-12 months |
| Charges | GST +2% |
5. Cashe
Cashe is the best instant loan app without salary slips that provides loans up to Rs. 4 lakhs with a maximum 48-month repayment period. You can instantly withdraw money from your available credit limit using the app’s unique “Cashe instant” feature.
| Loan Amount | Rs. 5000 to 4 lacs |
| Interest Rates | 15-35.03% |
| Tenure | 2-48 months |
| Charges | GST + 2% |
6. Navi Personal Loan
The Navi Cash Loan App is popular in India for large loans. Navi is a fantastic option for people needing small, short-term loans because it provides loans up to Rs. 20 lakh with a repayment period of up to 72 months.
| Loan Amount | Upto Rs. 20 Lacs |
| Interest Rates | 9.9% and above |
| Tenure | Upto 72 months |
| Charges | No charge required |
7. MoneyView
Loans up to Rs. 5 lakh are available from MoneyView, with a maximum 5-year repayment term. Borrowers frequently choose the app because of its user-friendly interface and quick approval process.
| Loan Amount | Rs. 35000 to 5 Lacs |
| Interest Rates | 15-36% |
| Tenure | 2-60 Months |
| Charges | GST + 3% |
8. IndiaLends
IndiaLends provides loans up to Rs. 50 lakhs with a maximum 5-year repayment period. The app offers a variety of loan products, making it an excellent choice for borrowers seeking a personalized loan.
| Loan Amount | Rs. 35000 to 5 lacs |
| Interest Rates | 13-24.03% |
| Tenure | 2-60 months |
| Charges | 2% + GST |
9. Finnable
Loans up to Rs. 5 lakhs are available from Finnable, with repayment terms of up to 4 years. Due to its relatively lax eligibility requirements, the best instant loan app without salary slips is a fantastic choice for people with low credit histories.
| Loan Amount | Rs. 5000 to 5 Lacs |
| Interest Rates | 12-25% |
| Tenure | 2-48 months |
| Charges | 2% + GST |
10. Home Credit
With a maximum 3-year repayment period, Home Credit offers loans up to Rs. 5 lakhs. The best loan app without salary slips is an excellent option if you have low CIBIL because of its flexible eligibility requirements.
| Loan Amount | Rs. 5000 to 5 Lacs |
| Interest Rates | 12-25% |
| Tenure | 2-36 months |
| Charges | 2% + GST |
Also read: Get Instant Approval For Loans at PLANET APP
How to Get an Instant Loan Without a Salary Slip?
You need money now, but you need a pay slip to provide proof of your income. Other documents can be used as proof of income, so there’s no need to worry. Bank statements, tax returns, or Form 16 are a few examples of documents that some lenders might accept.
Review the eligibility requirements of the Best Instant Loan Apps In India Without Salary Slip to find out what documents are needed. However, lenders take other factors into account when evaluating your loan application in addition to income verification. The best instant loan app without salary slips also considers your age, job profile, and credit score. So, before applying, check your eligibility and have all the necessary paperwork ready.
The application process is typically straightforward on the best loan app without a salary slip. Simple steps include downloading the app, creating an account with your details, and submitting the necessary paperwork. The without salary slip loan app will then confirm your information and respond to your loan application within minutes. The lender will deposit the funds into your bank account hours or days after the approval.
Conclusion
Now that you know the best loan app without a salary slip, I hope you can apply for one right away to realize your dreams. You will select the app that offers you loans with fewer EMIs and a low-interest rate after reading our list of the Best Instant Loan apps in India Without Salary Slip. Remember to check the reviews and ratings before selecting the without salary slip loan app.
Best Instant Loan App Without Salary Slip – FAQs
Can I get an instant loan without a salary slip loan app?
Ans. India has several instant loan apps that provide loans without asking for a pay stub. A different form of income documentation, such as bank records or tax returns, might be required.
What are the requirements for applying for an immediate loan without a salary slip loan app?
Ans. The eligibility requirements change according to the lender and the loan application. Generally speaking, you must be at least 18 years old, have a reliable source of income, and have a good credit rating. The apps consider your job profile, resident, and loan amount instead of your salary slip.
How much money can I borrow in total through the instant loan application?
Ans. Depending on the lender and your eligibility, different loans have different maximum amounts. The loan amount typically ranges between Rs. 5,000 and Rs. 5 lakhs, with a few days to several months repayment terms.
How long will the loan application process take?
Ans. Instant loan applications are simple and quick to complete without a pay stub. You can apply online, and if accepted, the money is typically transferred to your bank account within a few hours or days.
Are these instant loan apps without salary slips reputable and safe?
Ans. The Reserve Bank of India (RBI) has registered and regulates most of the instant loan apps mentioned in this article, which means they must abide by stringent rules and criteria. But before applying for any loan, it’s wise to research and read reviews.
