Ways to apply for a personal loan without salary slips
Personal loans are often referred to as instant personal loans as they are unsecured and have quick disbursal. Most lenders offer them to you once you meet eligibility criteria and submit a handful of documents, such as identity, address, and income proof.
However, some lenders will disburse online personal loans even if you do not have income proof. Here is how you can avail of such a loan for non-salaried.
- Income from other sources
Apart from your salary income, if you have other sources of income that can boost your repayment capabilities, highlight them during your application. You can show alternative sources such as rental income, spousal/parental income, and interest income from investments.
- CIBIL Score
A credit score of 685 or higher showcases your creditworthiness. It can help you get approval without income proof and secure affordable personal loan interest rates too.
- Guarantor or co-applicant
Applying for the loan with a guarantor or a co-applicant increases your loan approval chances. It can also help you get a higher loan amount with favourable personal loan interest rates, as the lender will consider the co-applicants repayment ability.
- Relationship with lender
If you hold a current or savings account with the lender and frequently transact through such accounts, it will help build trust with the lender. It could also improve your chances of getting an instant loan without income proof.
Additionally, to improve your chances of approval in the absence of income proof, ensure that you meet all other eligibility criteria and submit all other necessary documents. And use our personal loan EMI calculator to calculate your EMIs beforehand.
Read more: How to avail of a personal loan without documents?
Tips to get a personal loan for non-salaried
If you are looking to get an instant personal loan without income proof, you can check out pre-approved offers. Our Insta Personal Loan provides pre-approved offers of up to Rs. 12,76,500. Select customers may not even need to submit any documents, including income proof in the form of salary slips or bank statements. This makes it easier for select customers to get an instant loan without income proof. Depending on the profile, some customers may need to provide basic documentation to proceed with the application. Borrowers can also check the guide to personal loan before applying for one.
Additional read: How to get an instant loan
Interest rates for a personal loan without income proof
Select customers can get our Insta Personal Loan without submitting any documents. Below are some useful details:
Loan amount |
Up to Rs. 15,50,000. |
Interest rate |
16% to 31% p.a. |
Tenure |
12 months to 96 months. |
Disbursal |
30 minutes* to 4 hours (*applicable for select customers). |
For any assistance, you can reach our Bajaj Finance Personal Loan customer care number. Whether you have inquiries about loan eligibility, application status, repayment options, or any other concerns, the dedicated team is available to provide support and guidance to ensure a smooth borrowing experience.
Please ensure that you read all the fees and charges carefully before proceeding with your application.
Bajaj Finserv app for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
If you are looking for a personal loan without income proof, consider pre-approved offers. In the case of our Insta Personal Loan, we extend pre-approved loan offers after verifying your creditworthiness. Select existing customers may not even need to submit any documents, including an income proof.
Select customers can get an Insta Personal Loan without submitting any documents such as their salary slips or bank statements.
You can get an Insta Personal Loan of up to Rs. 15,50,000. Depending on your profile, you may not have to submit basic documentation. Some select existing customers may be able to get our loan without any documents.
Our Insta Personal Loan offers competitive interest rates ranging from 16% to 31% p.a.
Select existing customers who have a pre-approved Insta Personal Loan offer may not have to submit documents such as their salary slips or any other income proof. Typically, you are required to submit the following documents to get our regular personal loan:
- Passport-size photographs
- KYC documents
- Bank account statements for the last 3 months
- Salary slips for the last 3 months
Select customers, who have a pre-approved offer of our Insta Personal Loan, may be able to get funds without submitting income proof.
Our existing customers with a pre-approved Insta Personal Loan offer can get a personal loan without submitting any income proof*.
*Terms and conditions apply.
With our Insta Personal Loan, select customers can get a Rs. 30,000 personal loan without having to submit any income proof.
Self-employed individuals can also apply for our loans. You may need to submit alternative documents for income proof, such as bank statements and ITRs.
Select customers can get our Insta Personal Loan without needing to submit income proof.
