How Can I Get a Loan Without Any DocumentsOur 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:
- Download Simply Cash via Play Store
- Register/Login using email id or mobile number
- Use the EMI calculator to set the loan amount, percentage of interest and tenure
- Derive an EMI as per your budget, try different variations till you get the desired EMI
- Fill in the loan application details
- Submit paperless documents
- Wait for the verification process
- 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
Note: SimplyCash documentation and eligibility criteria is much simpler, to know details click here.