A personal loan without security is also known as an unsecured personal loan. It is a popular financial product offered by banks and non-banking financial companies (NBFCs). A loan without security can save your life, whether it's for home repairs, schooling, or medical emergencies. Instead of requiring security, personal loans are given out based on the borrower's creditworthiness.
How to Get No Security Personal Loans?
These loans do not require collateral and are ideal for salaried or self-employed individuals who need quick funds for personal use, like medical emergencies, education, or travel. To get a loan without security, you must meet the following eligibility criteria.
An Indian citizen aged between 21 and 60
A salaried employee or a self-employed professional with regular income
Having a minimum monthly income (usually Rs. 15,000 or more, depending on the lender)
A good credit score, typically above 700
The loan application process involves submitting basic documents such as:
Identity proof (Aadhaar card, PAN card)
Address proof (passport, utility bill)
Income proof (salary slips, bank statements, or ITR for self-employed)
Employment proof (ID card or appointment letter)
Once submitted, the lender evaluates your creditworthiness based on your credit score, income level, and repayment history. If approved, the loan is usually disbursed within a few days, and no security or guarantor is required. I hope how to get a personal loan without security deposit.
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How Do I Get Personal Loan Without Security?
shivam
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8 months
2025-05-17T15:56:52+00:00 2025-05-17T15:56:54+00:00Comment
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