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How Can I Get a Loan Without Any Documents

How Can I Get a Loan Without Any Documents

Our personal documents play a significant role when it comes to a personal loan application. Earlier when there were no instant loan apps and websites, a file full of documents was required for verification and loan approval. But, now as the technology upgraded and personal loan buying became simple, since then borrowers in need of urgent finance can avail personal loan without any physical documents. Yes! It is possible to get loans without any documents as the process has turned online or can be verified through instant loan apps:

Maintaining a good relationship with your lender or manger in the existing bank, also gives an advantage of availing loans without documents.It is also true that you cannot expect to get a loan approval with zero documents in hand. You should have a substitute for a missing document. You can either enter the Smart Card Driving License to proceed or use the Aadhar card number to complete the KYC verification.
For instance, if you don’t have an Aadhaar card handy or its under processing, you can give your Driving License copy for loan approval.

Which Personal Loan Application Supports Loan without Documents?

Simply Cash is a new age instant loan app by HeroFinCorp, enabling personal loan application without any physical documents. Simply Cash personal loan is hassle-free, encouraging paperless way of document verification. In case you don’t have Aadhaar Card and the financial urgency can’t wait, use your Smart Card Driving License with Simply Cash and apply for the loan using the steps below:
 
  1. Download Simply Cash via Play Store
  2. Register/Login using email id or mobile number
  3. Use the EMI calculator to set the loan amount, percentage of interest and tenure
  4. Derive an EMI as per your budget, try different variations till you get the desired EMI
  5. Fill in the loan application details
  6. Submit paperless documents
  7. Wait for the verification process
  8. On approval, the loan amount will get credited in the said bank account
 
Tips to Avail Instant Personal Loan in the Absence of Documents:
 
Here is how you can acquire a personal loan without documents:
 
  • A high credit score is essential for quick approval
  • Submit your bank statement or salary slip for financial assessment
  • Private lending and good relations with the financer enable easy loan sanction
  • In some cases, you can submit of utility bills instead of Driving License / Aadhar card can work for loans
  • Apply for a loan with any Non-Banking Financial Company (NBFC) for a completely digitised process
  • Approach lenders offering loans with less stringent eligibility
  • A stable repayment history can form a base for loan sanction without documents
It rarely happens that a borrower will lack the right set of documents while applying for a loan. You may have different reasons for not owning a document at that moment. Hence, discuss it with your lender and find ways for loan sanction at the earliest. Keep alternate documents ready that reflect your identity and stability in terms of acquiring a credit.

Note: SimplyCash documentation and eligibility criteria is much simpler, to know details click here.
 
 
 
 

SimplyCash

SimplyCash powered by Hero FinCorp is an instant personal loan app providing cash loans of upto INR 1,50,000 for both salaried and self-employed individuals. Driven by technology and fuelled by innovation, SimplyCash solves instant cash requirements of customers in just a few simple clicks without any physical documentation or meeting. The mobile app is available to users through all popular Android play stores like Google play store, Samsung store, Xiaomi store etc. With one of the most widespread presence, SimplyCash currently offers its services in over 90 major locations in India. Known for a seamless process, instant loan disbursal and transparent pricing - SimplyCash truly lives upto the expectations of being a 'Hero' product.  

Note: SimplyCash is a duly registered trademark and is a loan product offered, managed and operated by Hero FinCorp. Hero FinCorp Limited is a Non-Banking Financial Company registered under the provisions of Reserve Bank of India ("RBI") and is in the business of finance and lending.

Accepted Banks:

ICICI BANK LTD HDFC BANK LTD IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK KOTAK MAHINDRA BANK LTD

IDFC FIRST BANK LTD AXIS BANK BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK INDIAN BANK RBL BANK LTD DEUTSCHE BANK AG CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD CITI BANK BANDHAN BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK UCO BANK

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SimplyCash is managed and operated by Hero FinCorp Limited, and it follows high data and system security standards.

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