10 Best Instant Loan App In India Without Salary Slip

In today’s fast-paced world, financial emergencies can arise at any moment. Whether it’s a medical emergency or a sudden repair, the need for quick cash is often urgent.

However, getting a traditional bank loan can be a lengthy and complicated process, especially if you don’t have a salary slip to prove your income.

That’s where instant loan apps without a salary slip come in handy. These apps offer quick and hassle-free loans without the need for income proof.

In this article, we’ll be discussing 10 Best Instant Loan App In India Without Salary Slip, their features and benefits, and how to apply for them. So, sit tight and get ready to explore the world of instant loans without salary slip!

What is Instant Personal Loans ?

In the world of personal finance, instant loans without salary slips are becoming increasingly popular. But what exactly are they?

Well, as the name suggests, instant loans without salary slips are loans that are disbursed quickly without the need for a salary slip. In other words, you don’t need to provide proof of your monthly income to be eligible for these loans.

Whether it’s a medical emergency, a sudden car breakdown, or even a forgotten birthday present, instant loans can help you get the money you need in a hurry. And the best part? You can get them without the hassle of lengthy paperwork or waiting for your salary to come in.

Top 10 Best Instant Loan App In India Without Salary Slip

Now, without further ado, let’s take a look at the top 10 instant loan apps in India without salary slip:

MoneyTap

With MoneyTap, you can get a line of credit up to Rs. 5 lakhs, and the best part is that you only pay interest on the amount you withdraw. So, if you’re a bit of a commitment-phobe and don’t want to take out a full loan amount, this app is perfect for you.

Best Instant Loan App In India Without Salary Slip
Loan Amount₹ 35,000 to ₹ 5,00,000
Interest Rates13-24.03%
Loan Tenure2 months to 36 months
Fees & Charges2% + GST

PaySense

PaySense offers personal loans up to Rs. 5 lakhs with a repayment period of up to 48 months. The app has a simple application process and fast approval time, making it a great option for those in need of quick cash.

Best Instant Loan App In India Without Salary Slip
Loan Amount₹ 5000 to ₹ 5,00,000
Interest Rates16-36%
Loan Tenure3 months to 48 months
Fees & ChargesUp to 3% of the loan amount

KreditBee

KreditBee has gained a reputation for being one of the most user-friendly loan apps in India. The app offers loans up to Rs. 2 lakhs with flexible repayment options, and the best part is that you can apply for a loan 24/7.

Best Instant Loan App In India Without Salary Slip
Loan Amount₹ 1000 to ₹ 2,00,000
Interest Rates13-35.03%
Loan Tenure2 months to 24 months
Fees & ChargesUp to 2% + GST

NIRA

NIRA offers loans up to Rs. 1 lakh with a repayment period of up to 12 months. The app’s eligibility criteria are relatively lenient, making it a great option for those with a less-than-stellar credit history.

Best Instant Loan App In India Without Salary Slip
Loan Amount₹ 1000 to ₹ 1,00,000
Interest Rates13-24.03%
Loan Tenure2 months to 12 months
Fees & Charges2% + GST

Cashe

Cashe offers loans up to Rs. 4 lakhs with a repayment period of up to 48 months. The app has a unique feature called “Cashe instant,” which allows you to withdraw money instantly from your available credit limit.

Best Instant Loan App In India Without Salary Slip
Loan Amount₹ 5000 to ₹ 4,00,000
Interest Rates15-35.03%
Loan Tenure2 months to 48 months
Fees & Charges2% + GST

Navi Personal Loan

Navi Cash Loan App is a popular app for high loan amount in India. The app offers loans up to Rs. 20 lakh with a repayment period of up to 72 months, making Navi a great option for those in need of small, short-term loans.

Best Instant Loan App In India Without Salary Slip
Loan AmountUp to ₹ 20 lakh
Interest Rates9.9% Onwards
Loan TenureUp to 72 months
Fees & ChargesNil*
*3%-6% processing fee will be charged if you take loan upto Rs 50,000.

MoneyView

MoneyView offers loans up to Rs. 5 lakhs with a repayment period of up to 5 years. The app’s user-friendly interface and fast approval time make it a popular choice among borrowers.

Best Instant Loan App In India Without Salary Slip
Loan Amount₹ 35,000 to ₹ 5,00,000
Interest Rates15-36%
Loan Tenure2 months to 60 months
Fees & Charges3% + GST

IndiaLends

IndiaLends offers loans up to Rs. 50 lakhs with a repayment period of up to 5 years. The app has a wide range of loan products, making it a great option for those looking for a customized loan.

Best Instant Loan App In India Without Salary Slip
Loan Amount₹ 35,000 to ₹ 5,00,000
Interest Rates13-24.03%
Loan Tenure2 months to 60 months
Fees & Chargesup to 2% + GST

Finnable

Finnable offers loans up to Rs. 5 lakhs with a repayment period of up to 4 years. The app’s eligibility criteria are relatively lenient, making it a great option for those with a less-than-stellar credit history.

Best Instant Loan App In India Without Salary Slip
Loan Amount₹ 5,000 to ₹ 5,00,000
Interest Rates12-25%
Loan Tenure2 months to 48 months
Fees & Charges2% + GST

Home Credit

Home Credit offers loans up to Rs. 5 lakhs with a repayment period of up to 3 years. The app’s eligibility criteria are relatively lenient, making it a great option for those with a less-than-stellar credit history.

Best Instant Loan App In India Without Salary Slip
Loan Amount₹ 5,000 to ₹ 5,00,000
Interest Rates12-25%
Loan Tenure2 months to 36 months
Fees & Charges2% + GST

Privo

Privo is a new player in the instant loan app market in India. The app offers loans up to Rs. 2 lakhs with a repayment period of up to 60 months. Privo promises quick approval time and easy application process

Best Instant Loan App In India Without Salary Slip
Loan Amount₹ 5,000 to ₹ 2,00,000
Interest Rates13-39.03%
Loan Tenure2 months to 60 months
Fees & ChargesUp to 5% + GST

Well, there you have it – the top 10 instant loan apps in India without salary slip. Remember to always read the terms and conditions carefully before applying for a loan, and only borrow what you can afford to pay back.

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How to Get an Instant Loan Without a Salary Slip ?

So you’re in need of some quick cash, but you don’t have a salary slip to show? No worries, there are other documents that can serve as income proof.

For instance, some lenders may accept bank statements, income tax returns, or Form 16. Make sure to check the eligibility criteria of the loan app you’re interested in to see what documents they require.

But income proof is not the only factor that lenders consider when assessing your loan application. They also look at your credit score, employment status, age, and other factors.

So make sure to have all the necessary documents ready and check your eligibility before applying.

Once you’ve found the right instant loan app for you, the application process is typically quite simple and straightforward.

Just download the app, register with your personal information, and submit the required documents. The app will then verify your information and give you a decision on your loan application within minutes.

If approved, the money will be disbursed to your bank account within a few hours or days, depending on the lender.

Our Pick: Best Instant Loan App In India

After researching and analyzing the Best Instant Loan App In India Without Salary Slip, it’s safe to say that Paysense and MoneyTap are two of the best apps in the market.

FAQs (Frequently Asked Questions)

Can I get an instant loan without a salary slip?

es, you can. There are several instant loan apps in India that offer loans without requiring a salary slip. However, you may need to provide alternative income proof, such as bank statements or income tax returns.

What are the eligibility criteria for an instant loan without salary slip?

The eligibility criteria vary depending on the lender and the loan app. Generally, you need to be at least 18 years old, have a steady source of income, and a good credit score. Other factors may include your employment status, residence, and loan amount.

What is the maximum amount that can be borrowed without a salary slip?

The maximum loan amount varies depending on the lender and your eligibility. Typically, the loan amount ranges from Rs. 5,000 to Rs. 5 lakhs, with repayment terms ranging from a few days to several months.

How long does it take to get an instant loan without a salary slip?

The application process for instant loans without salary slip is typically quick and easy. You can apply online, and if approved, the money is usually disbursed to your bank account within a few hours or days.

Are these instant loan apps safe and reliable?

Most of the instant loan apps mentioned in this article are registered and regulated by the Reserve Bank of India (RBI), which means they have to adhere to strict guidelines and standards. However, it’s always a good idea to do your own research and read reviews before applying for any loan.

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