Personal Loan without Salary Slip

Name: Personal Loan without Salary Slip
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

Wide Choice

Quick Disbursal

SmartMatch

Digital Process

Wide Choice

Quick Disbursal

SmartMatch

Digital Process

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Apply Personal Loan Online

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

Quick Links

Why do lenders ask for salary proof for personal loan

Who requires a personal loan without a salary slip

How to get a personal loan with no salary slip

How can you improve the chances of your personal loan approval

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Why do lenders ask for salary proof for personal loan

Salary slips are required by lenders to verify your income. Most of the banks and Non-Banking Financial Companies (NBFCs) use these documents to determine your ability to repay the loan. Apart from salary slips, lenders also ask for ITR, Form 16 and bank statements to determine the repayment capacity.

Who requires a personal loan without a salary slip

Consultants and freelancers who have multiple projects or clients and have no fixed income.

Doctors, small business owners, lawyers and other self-employed professionals who do not receive formal salary slips.

Delivery agents, remote workers, drivers and other contractual workers paid on an hourly basis or per-task basis also don’t draw salary slips.

How to get a personal loan with no salary slip

If you are a business owner, you can get a personal loan without a salary slip based on your business proofs, audited balance sheet, P&L statement, etc.

Freelancers can submit client invoices or contracts.

Other alternative documents include ITR, bank statements, etc.

How can you improve the chances of your personal loan approval

Maintain or improve your credit score of 750 or above

The higher the credit score reflects your creditworthiness and financial discipline.

Apply with a co-applicant

Applying with a co-applicant with higher income and a strong credit score will reduce the risk for lenders and thereby improve your chances of loan approval.

Submit complete additional documents

Submit the latest bank statements, ITR, certified P&L statements, etc, as proof of financial stability.

Avail Personal Loan For
All Your Needs

In case, your personal loan application is not approved

Applying for secured loan options i.e., gold loan or loan against your car

If you have a credit card, you can apply for a loan against your credit card. This is usually offered to those with a good credit history and a low credit utilisation ratio.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

HDFC BANK Axis Bank Kotak Mahindra Bank ICICI Bank Federal Bank IDFC First Bank Indusind Bank RBL Bank Tata Capital

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All Your Needs

FAQs

Income proof is important for the lender to determine your repayment ability and verification. It might be very difficult for you to get a personal loan without any income proof.

Most lenders accept client invoices, IT returns, bank statements, etc, as income proof for freelancers. Other factors include credit score, repayment history, et,c to determine your personal loan eligibility.

Lenders may offer you a personal loan of smaller amounts or at a higher interest rate due to increased credit risk for the lender.

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What our customers say
Excellant EMI calculator and expert assistance available
The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.
Mohit YadavDec 3, 2025
Same day approval. wow.
The loan was approved the same day — super smooth and transparent process.
Shiv KumarDec 3, 2025
Multiple offers in Minutes
Paisabazaar helped me compare multiple loan offers in minutes, and I got the best rate without any paperwork.
Ankita BajajDec 3, 2025
Itna Badhiya Rate and Service Hai!
Apke yaha itna acha interest rate mil gya market mei sabse kum and service toh aur bhi achi h. thank you.
Mohit SinghDec 2, 2025
Best Interest Rate Offer
Got the best interest rate on your website. Best assistance and seamless experience.
Aniket SinghDec 2, 2025
Best Marketplace to Shop for Loans
Your website is the best to apply for a personal loan. Got my loan disbursed within 3 days. So easy and hassle-free.
Nikita SharmaDec 2, 2025
Fast loan approval
I got my loan approved within 24 hours. The process was fast, transparent, and reliable, exactly what I was looking for.
Pragati ShuklaDec 2, 2025
Best place to compare loans
I was able to compare offers from multiple lenders on a single platform. This not only made my search easy but also saved a lot of time which was otherwise not possible if I checked with different lenders separately.
Ashok SinghDec 1, 2025
Quickest Disbursal and Best Offer
I have got a personal loan from other platforms in the past. But your website is the quickest and the easiest place to get a loan. Great work!
Sachin SharmaNov 25, 2025
Super easy loan process and free credit score too
I was unsure about eligibility, but the platform showed instant offers based on my credit score.
Sumit SharmaNov 24, 2025
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