Apply For Personal Loan

Loan EMI Calculator

Instant Personal Loan without Salary Pay Slip or Bank Statement

Instant Personal Loan without Salary Pay Slip or Bank Statement

Salary slip and bank statement are important documents required for availing a personal loan. For salaried individuals, a salary slip is a basic document whereas a bank statement stands mandatory for self-employed individuals. These are categorised as income documents that reflect your ability to repay the loan on time. If your bank statement  shows an income of less than Rs.15,000, you will not be eligible for personal loan with major credible finance companies. The eligibility criteria with majority of financial firms in India starts with a minimum income of Rs.15,000 or more.

Though these are important income documents, it is not impossible to get personal loan without salary pay slip or bank statementYou can certainly be eligible for a personal loan by submitting alternate personal documents such as:

  • Aadhar Card
  • PAN Card
  • Voter ID Card
  • Passbook
  • Utility Bills
  • Ration Card
Bills and passbook dated within 60 days along with the borrower’s name and address will only be valid.

SimplyCash, an instant personal loan app by HeroFinCorp approves small cash loans up to 1.5 Lakhs with minimal documentation. Borrowers applying for instant loan via SimplyCash will have to submit their last 6 months of bank statement as a mandatory document for quick loan approval within 24 hours.

Bank statement is easily accessible even in digital format via the net banking source and can be submitted to instant loan apps like SimplyCash in a paperless format.

Stay updated with the personal loan eligibility criteria for self-employed and salaried individuals. It varies from lender to lender and locations. Being well-informed will save you from loan rejections due to lack of documents such as a PAN card and bank statement, that reflect your repayment ability.

SimplyCash Personal Loan Eligibility and Documents for Self Employed :

  • Borrower should be an Indian citizen.
  • Borrower should belong to an age group between 21 years to 58 years.
  • Borrower’ s turnover or profit should be as per lender’s requirements.
  • Borrower should have minimum 3 years of business experience.
  • Aadhaar Card/ PAN Card/Smart Card Driving License
  • Last 6 months bank statement

SimplyCash Personal Loan Eligibility and Documents for Salaried :

  • Borrower should be an Indian citizen.
  • Borrower should earn minimum salary of Rs.15,000
  • Borrower should belong to an age group between 21 years to 58 years.
  • Borrower should submit last 6 months bank statement of salary account.
FAQs

Q.1. Can I get a personal loan without a salary slip?

A: Yes, you can get a personal loan without a salary slip. Whether salaried or self-employed borrowers, they can avail a personal loan by submitting last 6 months of bank statement to verify their repayment ability. This may however vary from lender to lender

Q.2. How can I get a personal loan without a salary slip and bank statement?

A: Getting a personal loan without a salary slip is still possible but last 6 months of bank statement is mandatory under the loan eligibility criteria. This is mainly to verify the monthly income of the borrower for repayment of EMIs.

Q.3. Which app gives a loan without a salary slip?

A: There are multiple personal loan apps online for instant loan availability. Different apps follow different eligibility criteria for loan approval. So, some lenders give personal loan on verifying 6 months of bank statement whereas other lenders also need a salary slip of salaried borrowers.

Q.4. Can I get a loan without a bank statement?

A: No, a bank statement is a mandatory document for personal loan as it clearly reflects the last 6 months of transactions.

Q.5. How can I get a personal loan without proof?

A: A personal loan approval is difficult without personal identity proof and income proof. So, keep your KYC details and 6 months of bank statement handy while applying for a personal loan.

Q.6. Do you need bank statements for a personal loan?

A: Yes, a bank statement is an easily accessible income document for the lenders to verify the financial behaviour of a borrower. Hence, last 6 months of bank statement is important to avail a personal loan.

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

Secured
Safe & Secure

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

View Details

SimplyCash Insights

Install App Instant Small Cash Loan App Online
Useful Links

Copyrights @ 2021 All Rights Reserved Powered by HeroFinCorp Ltd.