Personal Loan Without Documents

Q: Can I get a personal loan without submitting my PAN card?

Typically, you cannot avail a personal loan without furnishing your PAN details, especially when the loan amount is more than Rs. 50,000. However, some lenders may extend personal loans to applicants without a PAN Card. In such cases, lenders require applicants to submit Form 60.

Getting a personal loan without documents is quick and easy, if you are a pre-approved customer of a respective bank or NBFC. However, if you are an existing consumer with a good credit profile, higher income level and maintain a healthy relationship with your lending bank, there are chances of availing personal loans with minimal documents. As your existing bank/NBFC already has your KYC details, as well as information of all your credit products to analyse your eligibility.

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Updated: 29-05-2025 06:54:40 AM

At Paisabazaar, you can search and compare from lending banks and NBFCs offering pre-approved loans to eligible customers without documents at preferential interest rates. Here you can choose from various personal loans offered from 30+ lending institutions, such as Axis Bank, Tata Capital, HDFC bank, Kotak Mahindra bank, ICICI bank, Yes bank, Bajaj Finance, Aditya Birla Capital, IDFC First bank, Federal bank, etc. and apply online.

HDFC Bank

Max. Loan Amt.

Up to ₹40L

Rate of Interest

10.9% - 24%

Tenure up to

Upto 6 Years

Processing Fee

₹6,500

10 Second Disbursal* 100% Digital Process* Quick Disbursal

Axis Bank

Max. Loan Amt.

Up to ₹10L

Rate of Interest

9.99% - 22%

Tenure up to

Upto 6 Years

Processing Fee

Upto 2%

Low Processing fee

Kotak Mahindra Bank

Max. Loan Amt.

Up to ₹35L

Rate of Interest

10.99% - 16.9%

Tenure up to

Upto 6 Years

Processing Fee

Upto 5%

Lowest Income requirement 100% Digital Process*

IDFC FIRST Bank

Max. Loan Amt.

Up to ₹10L

Rate of Interest

10.7% - 23.99%

Tenure up to

Upto 5 Years

Processing Fee

Upto 2%

Max Loan Amount 100% Digital Process*

ICICI Bank

Max. Loan Amt.

Up to ₹50L

Rate of Interest

10.8% - 16.5%

Tenure up to

1-6 Years

Processing Fee

Upto 2%

100% Digital Process* Quick Disbursal

Why Choose Paisabazaar?

User-friendly platform to compare and choose offers from 30+ lending banks/NBFCs
Pre-approved loan offered for eligible customers with instant approvals and quick disbursals
Paperless and end-to-end digital loan application process
Free Credit Score Check service is available
Customized personal loans at your disposal with no end-use restrictions, besides speculations.

Eligibility Criteria

To avail a personal loan without documents, you need to meet certain eligibility criteria set by lending banks and NBFCs.

Age: 21 – 65 years (Varies from lender to lender)
Employment: Salaried or self-employed
Applicant should be a pre-qualified customer of lending institution
Applicants should possess a credit score of 750 or above, have a high level of income, maintain healthy relationship with the bank

Note: The regular personal loan or pre-qualified personal loan approval is subject to the sole discretion of the lending bank or NBFC.

Who can get a personal loan without fresh documentation?

Pre-approved customers of respective banks and NBFCs are eligible for personal loans without documents with instant approvals and quick disbursals.

Lenders usually offer personal loans with minimal documents to their existing borrowers or bank account holders, as the lenders already have their KYC details, such as PAN, Aadhaar number, address proof, income details, loan repayment history (in case of borrowers), etc.

This eliminates the need for submitting fresh documents by the existing customers with good credit score, high income, stable and continuous job with reputed company.

How to apply for Personal Loan without Documents

Getting a personal loan without documents is not easy, as lenders check various documents before loan approval, pertaining to your identity, job stability, and income and credit history. However, if you are a bank’s pre-approved customer then you can avail personal loan without documents. Therefore, you can search for lending institutions offering pre-approved personal loans to its customers on Paisabazaar and apply online.

Follow the below mentioned steps to apply for a personal loan without documents:

Step 1: Enter your mobile number in the application form.

Step 2: Authenticate your number via received OTP.

Step 3: Search and choose from the pre-qualified offers available at the dashboard.

Step 4: Click on ‘Apply Now’ to proceed with the loan formalities.

Step 5: Once approved, the loan amount shall be disbursed to your bank account. As it is a pre-qualified loan, so the loan approval is instant and you receive funds quickly to your bank account.

Tips for availing Personal Loans without Documents

Find below the key measures that shall help you avail personal loans without submitting fresh documents, especially if you are planning for an end-to-end digital and hassle-free process:

Check and apply online for pre-approved loan offers from banks and NBFCs
Use verified digital and user-friendly online platform like Paisabazaar to check, compare and apply online and experience hassle-free loan process
Apply with your existing bank or NBFC, as they already have your KYC and financial records, such as PAN card, Aadhaar card, and investments (FDs & RDs), borrowings (loans or credit cards), existing current or savings accounts, etc.
Maintain a good CIBIL score of 750 or above to enhance the loan approval chances
Remain cautious against unregulated and unregistered loan apps to avoid any fraud, data theft, high interest rate, etc.

FAQs on Personal Loan without Documents

What is the approval time for an instant personal loan availed without documents?

Lenders provide instant personal loans to their pre-approved customers based on their credit profiles. As the credit profiles are pre-verified, lenders can quickly process and disburse loans within minutes or hours of receiving the loan application, without requiring any additional documentation.

Can I get a personal loan without documents?

Check with your existing banks or NBFCs where you hold deposit and/or credit accounts to see if you qualify for any pre-qualified personal loan offers. Pre-approved personal loans are usually offered to its existing and eligible customers without documents.

Is it possible to get a loan without income proof?

Lenders want to know your income details to evaluate your loan repayment capacity. In case of no income proof, some banks and NBFCs ask their applicants to submit their bank statements to estimate their income and financial position on the basis of their cash flows. However, the interest rates offered might be on the higher side, if the bank is not convinced with the provided financials.

What is the eligibility criteria for availing personal loan without income proof?

The eligibility criteria set by a lender for personal loans will remain the same irrespective of the applicant’s ability to submit documents. Failure to submit the required set of documents can also lead to loan rejection.

Can I get a personal loan without salary slips?

Yes, you can get a personal loan without salary slips. In such cases, lenders often ask for the applicants’ bank statements to evaluate their loan repayment capacity. This may however vary from lender to lender and the interest rates shall be on the higher side.

Can I get a personal loan without bank statements?

For many lenders, bank statements are mandatory documents for securing a personal loan. Your bank statement helps lenders to assess your income level, credit behaviour and financial stability. Hence, the last 6 months’ bank statements are important to enhance the chances of personal loan approval.

Can I get a personal loan without submitting my PAN card?

No, you cannot avail a personal loan without furnishing your PAN details.

What is the maximum loan amount that I can get without submitting income proof documents?

Lenders typically use (Equated Monthly Instalment) EMI/NMI (Net Monthly Income) Ratio to determine your maximum eligible loan amount. Thus, irrespective of whether you apply for personal loan with documents or avail pre-qualified personal loans without any fresh documents, lenders will still consider your income and existing loan repayment liabilities to determine your maximum loan amount eligibility.

Do lenders charge higher interest rates for personal loans availed without submitting income proof documents?

Lenders set interest rates on personal loans on the basis of their applicants’ credit profile (including credit score, income, repayment capacity, etc.). Without income proof documents, such as salary slips, Form 60, ITR and bank statements, lenders will not be able to determine their applicants’ income and repayment capacity, which are some of the most important factors that lenders consider while setting personal loan interest rates.