Unexpected expenses can hit anyone, and sometimes you need cash fast. Traditional loans can take days or even weeks to process, especially if you don’t have a regular paycheck and salary slips to prove your income. But what if you could get an instant 10000 loan without a salary slip?
Things we covered for you
+
Believe it or not, there are options available that can get the money you need in your hands quickly and easily. Keep reading to learn more about instant 10000 loans without salary slips and how they can help you bridge the gap when you need it most.
Top 10 Instant Loan Apps Without Salary Slip in India
| Loan App | Key Features | App Rating |
| NoBroker InstaCash | Minimal documentation required, flexible repayment options, instant loan approval | 4.4 |
| Pocketly | Fast approval process, suitable for small amounts needs | 4.0 |
| Kissht | Flexible repayment options, a wide range of loan amounts | 4.1 |
| KreditBee | Multi-stage credit limit increase with good repayment history, pre-qualification check available | 4.5 |
| TrueBalance | EMI options are available, option to recharge the phone and pay bills within the app | 4.4 |
| Moneyview | Instant approval is possible for high creditworthiness profiles, option to invest surplus funds | 4.7 |
| Buddy Loan | Easy to use app, caters to individuals with low credit score | 4.5 |
| mPokket | Short-term loan option, disbursal within minutes | 4.4 |
| LazyPay | Use for online purchases, convert purchases to EMI | 4.2 |
| Nira | Long loan tenure option, loyalty program with benefits for repeat borrowers | 4.3 |
10 Best Instant Loan Apps Without Salary Slip To Transform Your Living
Facing a sudden financial hurdle and don’t have a salary slip? Here is a list of 10 instant loan apps in India that can get you a quick loan without the need for traditional income verification.
1. NoBroker InstaCash
This fastest instant loan app offers urgent loans with a maximum amount varying based on your profile and repayment capacity. They are known for quick disbursal and a user-friendly experience. It allows users to access quick cash without the need for extensive paperwork or long approval processes typically associated with traditional bank loans. Users can apply for loans through the NoBroker app or website, and upon approval, they receive the funds swiftly, helping them address their financial needs promptly.
Read: Instant ₹1000 loan: A Quick Guide to Unlock Financial Freedom
Book Best Packers & Movers with Best Price, Free Cancellation, Dedicated Move Manager
This is third
This is third
This is fourth
This is fourth
This is fifth
This is fifth
This is six
This is six
This is seven
This is seven
This is eight
This is eight
Key Features:
- You can get up to ₹10 Lacs Instantly in your bank account.
- Instant approval and disbursement
- Hassle-free auto-repayment.
- Interest rate starting from 12.99% p.a.
2. Pocketly
This instant small loan is ideal for those needing smaller loans quickly. Their approval process is fast, making them suitable for immediate needs. This safe and secure app provides instant personal and salaried loans.
Key Features:
- Flexible repayment
- Affordable and easy EMIs
- Processing fees of INR 20 to INR 120 or 0%-7.5%. GST extra as applicable.
- Interest rates start from 2% to 3% per month.
3. Kissht
Offering flexible repayment options and a wider range of loan amounts, Kissht is a good choice for borrowers seeking some flexibility in managing their loans. The entire process starting from registration to disbursement takes an average of 5 minutes. The application process is 100% digital and on approval, the funds are immediately transferred to the applicant’s bank account.
Key Features:
- Provides hassle-free personal loans up to ₹2,00,000.
- The documentation needed is minimal.
- The lowest interest rate starts at 18% p.a.
- Easy repayment of up to 24 months.
4. KreditBee
KreditBee is an online platform facilitating loan transactions between banks/NBFCs and borrowers. KreditBee specialises in instant personal loans with flexible repayment options. They may use alternative data to assess your creditworthiness.
Key Features:
- Requires minimal documentation and flexible loan repayment.
- The loan amount ranges from ₹1000 to ₹4 lakhs.
- Tenure for repayment offers flexible EMIs and a pay-later option.
- Interest from 16% – 29.95% p.a.
5. TrueBalance
If you’re looking for EMI options or a one-stop shop to manage your loan, recharge your phone, and pay bills, TrueBalance could be your answer. They facilitate hassle-free, 24hrs access to credit from anywhere, anytime.
Key Features:
- Tenure of a minimum of 62 days to 12 months at a low processing fee.
- The APR ranges from 60% to 154.8%.
- The monthly interest rate starts from 2.4%.
- Instant digital personal loan in 5 minutes.
6. Moneyview
Moneyview is unique because it has a credit rating model that helps determine the maximum loan eligibility for an individual. Users can check their loan eligibility in two minutes by submitting their mobile number and completing the OTP verification process. However, the applicants have to complete KYC formalities before availing of the loan.
Read: 50,000 Loan Without CIBIL Score 2024
Key Features:
- Moneyview offers instant personal loans with a maximum amount of ₹5 lakh.
- They consider alternative data for eligibility besides salary slips.
- Offers personal loans up to ₹5 lakhs.
- Interest Rates start at just 1.33% per month.
7. Buddy Loan
Designed with an easy-to-use interface, Buddy Loan is a good option for those with a lower credit score who may not qualify for loans elsewhere.
Key Features:
- Get an Instant Personal Loan starting from Rs.5,000 to Rs.15 Lakhs in just a few minutes.
- Interest rates start at 11.99% p.a.
- Flexible Repayment Plans starting from 6 months to 5 years.
8. mPokket
Perfect for short-term needs, mPokket disburses loans within minutes, making it ideal for immediate financial needs. Doesn’t matter whether you are a salaried professional or a student, you can get instant cash loans or student loans & easy EMIs with minimal documentation & small transaction fees.
Key Features:
- Instant personal loans start from ₹500 up to ₹30,000 in just a few minutes.
- 100% online loan application process.
- Flexible & hassle-free.
- Personal Loan for tenures ranging up to 120 days.
9. LazyPay
LazyPay is a bit different from the other instant loan apps. LazyPay offers a credit line for online and in-store purchases at partnered merchants. They also provide small personal loans directly deposited into your bank account.
Read: Secure an Instant Cash Loan in 1 Hour Without Documents Now
Key Features:
- Loan amounts range from ₹3000 to ₹5 lakhs.
- Interest rate ranges from 15% to 32%.
- The repayment tenure is from 3 to 24 months.
10. NIRA
NIRA focuses on quick approvals for instant personal loans. They use alternative data to assess creditworthiness. Nira ranks among the best instant loan apps in India without salary slips because of its instant approvals, simple registration process, and availability of loans without a CIBIL score.
Key Features:
- A good option if speed is a top priority.
- Nira personal loans range from ₹3,000 to ₹5 lakhs at interest rates ranging from starting at 24% p.a.
- This instant personal loan app allows the facility to extend your credit period if required.
- The app also allows for setting up auto-debits and auto-credits.
Documents Required for Personal Loan without Salary Slip
Given below are the documents required for both salaried as well as self-employed applicants.
- PAN number
- The mobile number will have to be linked to your Aadhaar card for KYC verification
- Clear selfie taken in a well-lit area
In case proof of address is required, any one of the following documents will suffice –
Read: How to Get Instant ₹3000 Loan in India
- Aadhaar Card
- Valid Indian Passport
- Valid Voter ID
- Valid Driver’s Licence
- Utility Bills (Electricity, Water, Gas) dated within the last 60 days
Eligibility Criteria For Personal Loans without Salary Slip
You can easily get personal loans without the need for a salary slip. All you need to do is fulfil the eligibility criteria given below –
- Applicants must be between 21 years and 57 years
- Income must be credited directly to the applicant’s bank account. If you receive your salary in cash, we will not be able to provide personal loans for you.
- Minimum in-hand income of Rs. 13,500 for salaried applicants and Rs. 15,000 for self-employed applicants
- Minimum CIBIL score of 600 or Experian score of 650
Factors to Consider When Choosing an Instant Loan App Without Salary Slip in India
Here are some important factors to consider when choosing an Instant Loan App Without Salary Slip in India:
Loan Amount and Interest Rates:
- Loan Amount: Consider how much money you need. Don’t borrow more than you can comfortably repay.
- Interest Rates: Instant loan apps typically have higher interest rates than traditional loans. Carefully compare interest rates between apps to find the most affordable option for your needs. Be mindful of the Annual Percentage Rate (APR) which reflects the total cost of borrowing including interestand fees.
Eligibility and Required Documents:
- Eligibility Criteria: Each app may have its eligibility requirements. These could include minimum age, income range, and creditworthiness (even without a salary slip). Make sure you meet the criteria before applying to avoid wasting time with rejections.
- Required Documents: While they won’t ask for salary slips, instant loan apps may require alternative documents to verify your identity and income. This could include bank statements, Income Tax Returns (ITR), or proof of self-employment income.
Repayment Terms and Flexibility:
- Repayment Tenure: Consider the loan term (how long you have to repay) offered by the app. Choose a term that allows you to comfortably repay the loan without straining your budget.
- Repayment Flexibility: See if the app offers flexible repayment options, such as the ability to prepay without penalty or extend the loan term (though this might increase interest).
App Reputation and Security:
- App Reviews and Ratings: Research the app’s reputation by reading online reviews and checking user ratings. This can give you insights into other borrowers’ experiences.
- Security Features: Make sure the app utilises secure data encryption practices to protect your personal and financial information.
How NoBroker Can Help
Instant loan apps without salary slips can be a helpful tool to bridge short-term financial gaps. However, with careful consideration. By comparing loan amounts, interest rates, repayment terms, and app features, you can choose the most suitable option for your needs. Remember, responsible borrowing is key. Make sure you can comfortably repay the loan before applying.
Struggling with complex loan applications and paperwork? NoBroker simplifies your home loan journey. We offer loan comparisons from various lenders, handle document verification, and provide expert assistance throughout the process. Download the NB InstaCash app or visit NoBroker today.
Frequently Asked Questions
Q: Are Instant Loan Apps Safe and Reputable?
Ans: While instant loan apps can be tempting for their speed and convenience, it’s important to be cautious before using one. Compare interest rates and terms from multiple lenders before applying. Make sure you can comfortably repay the loan within the repayment term. Only use loan apps that are licenced and regulated in your area.
Q: Are instant ₹10,000 loans without salary slips possible?
Ans: Yes, some lenders in India offer small personal loans without requiring salary slips. They may consider alternative verification methods like bank statements or income proofs from other sources.
Q: What documents do I typically need for such a loan?
Ans: While salary slips are not required, lenders may ask for an Aadhaar Card, PAN Card, bank statements, or alternative income proofs.
Q: How quickly can I get the money after applying?
Ans: The approval process for these loans can be quicker than traditional loans, with some lenders disbursing the funds within minutes if approved.
Q: Are there any reputable lenders offering these loans?
Ans: Several lenders like NB InstaCash, Pocketly, and Kreditbee offer small personal loans without salary slips in India. Research and compare different lenders to find one with competitive rates and terms that suit your needs. Be cautious of lenders with hidden fees or unclear terms.
