However obtaining a conventional bank loan can be difficult and time-consuming, particularly if you don’t have a pay stub to support your claim. That’s why rapid lending apps that don’t require a pay stub are useful. These apps provide easy and rapid loans without requiring documentation of income. This post will go over the 10 best instant loan app without salary slip, along with their features, advantages, and application procedures. So settle in and get ready to discover the world of paycheck slip-free fast loans!
What are Instant Loan?
Instant loans without pay stubs are getting more and more common in the personal finance industry. Instant loans without salary slips are just what their name implies—loans that are disbursed promptly without requiring one. Put otherwise, you can apply for these loans without having to show evidence of your monthly income. Instant loans can assist you in quickly obtaining the money you require, whether it is for an urgent medical necessity, an unexpected car repair, or even a neglected birthday gift. The best thing, though? They are available to you without the burden of arduous paperwork or waiting for your paycheck.
Top 10 Best Instant Loan App Without Salary Slip
The 10 best instant loan app without salary slip are as follows, without further ado:
MoneyTap
You can obtain a line of credit with MoneyTap that is up to Rs. 5 lakhs, and the greatest part is that you only have to pay interest on the money that you actually withdraw. Therefore, this program is ideal for you if you’re not one to commit to large amounts of money and are a bit of a commitment phone.
| Loan Amount | ₹ 35,000 to ₹ 5,00,000 |
| Interest Rates | 13-24.03% |
| Loan Tenure | 2 months to 36 months |
| Fees & Charges | 2% + GST |
PaySense
PaySense provides personal loans with maximum amounts of Rs. 5 lakh and maximum repayment terms of 48 months. The loan app is a fantastic choice for anyone in need of quick cash because of its easy application process and short approval time.
| Loan Amount | ₹ 5000 to ₹ 5,00,000 |
| Interest Rates | 16-36% |
| Loan Tenure | 3 months to 48 months |
| Fees & Charges | Up to 3% of the loan amount |
KreditBee
One of the easiest lending apps to use in India is KreditBee, as it has come to be known. The best thing about the KreditBee instant loan app is that you can apply for a loan any time of day or night, and it gives loans up to Rs. 2 lakhs with flexible repayment options.
| Loan Amount | ₹ 1000 to ₹ 2,00,000 |
| Interest Rates | 13-35.03% |
| Loan Tenure | 2 months to 24 months |
| Fees & Charges | Up to 2% + GST |
NIRA
NIRA provides loans up to Rs. 1 lakh with a maximum 12-month payback schedule. Because of its somewhat lax eligibility requirements, the app is a fantastic choice for anybody with a less-than-ideal credit history.
| Loan Amount | ₹ 1000 to ₹ 1,00,000 |
| Interest Rates | 13-24.03% |
| Loan Tenure | 2 months to 12 months |
| Fees & Charges | 2% + GST |
Cashe
Cashe provides loans up to Rs. 4 lakhs with a 48-month payback duration. “Cashe instant,” a special function of the app, lets you take immediate cash out of your available credit limit.
| Loan Amount | ₹ 5000 to ₹ 4,00,000 |
| Interest Rates | 15-35.03% |
| Loan Tenure | 2 months to 48 months |
| Fees & Charges | 2% + GST |
Navi Personal Loan
In India, a well-liked app for large loans is Navi Cash Loan App. Navi is a fantastic choice for people in need of small, short-term loans because the app offers loans up to Rs. 20 lakh with a repayment duration of up to 72 months.
| Loan Amount | Up to ₹ 20 lakh |
| Interest Rates | 9.9% Onwards |
| Loan Tenure | Up to 72 months |
| Fees & Charges | Nil* |
MoneyView
MoneyView provides loans with maximum amounts of Rs. 5 lakhs and maximum repayment terms of 5 years. The app is a favorite among borrowers due to its easy-to-use layout and quick approval process.
| Loan Amount | ₹ 35,000 to ₹ 5,00,000 |
| Interest Rates | 15-36% |
| Loan Tenure | 2 months to 60 months |
| Fees & Charges | 3% + GST |
IndiaLends
With a maximum repayment term of five years, IndiaLends provides loans up to Rs. 50 lakhs. The app is a fantastic choice for anyone seeking for a personalised loan because it offers a large selection of loan solutions.
| Loan Amount | ₹ 35,000 to ₹ 5,00,000 |
| Interest Rates | 13-24.03% |
| Loan Tenure | 2 months to 60 months |
| Fees & Charges | up to 2% + GST |
Finnable
With a maximum 4-year payback term, Finnable provides loans up to Rs. 5 lakhs. The app is a fantastic choice for people with a less-than-stellar credit history because of its somewhat lax eligibility requirements.
| Loan Amount | ₹ 5,000 to ₹ 5,00,000 |
| Interest Rates | 12-25% |
| Loan Tenure | 2 months to 48 months |
| Fees & Charges | 2% + GST |
Home Credit
Home Credit provides loans up to Rs. 5 lakhs with a maximum three-year payback schedule. Because of its somewhat lax eligibility requirements, the app is a fantastic choice for anybody with a less-than-ideal credit history.
| Loan Amount | ₹ 5,000 to ₹ 5,00,000 |
| Interest Rates | 12-25% |
| Loan Tenure | 2 months to 36 months |
| Fees & Charges | 2% + GST |
Privo
In India, Privo is a recent entrant to the rapid loan app business. With a maximum repayment duration of 60 months, the app provides loans up to Rs. 2 lakh. Privo guarantees a simple application process and a rapid approval time. The best instant loan app without salary slip are now available. Always make sure you understand the terms and conditions before asking for a loan and only take out as much as you can afford to repay.
| Loan Amount | ₹ 5,000 to ₹ 2,00,000 |
| Interest Rates | 13-39.03% |
| Loan Tenure | 2 months to 60 months |
| Fees & Charges | Up to 5% + GST |
How to Get an Instant Loan Without a Salary Slip?
For example, bank statements, income tax returns, or Form 16 may be accepted by certain lenders. Make sure to review the loan application’s qualifying requirements to find out what paperwork is needed. However, lenders take into account other factors besides income verification while evaluating your loan application. Thus, before applying, make sure you have all the required paperwork ready and verify your eligibility. Simply download the instant loan app, fill out the registration form with your details, and send in the necessary paperwork. Depending on the lender, the funds will be transferred to your bank account either a few hours or days after they are accepted.