Finding quick loans without traditional income proof can be tough, but several loan apps in India make this easier. Whether it’s an emergency or an urgent need, these apps provide financial solutions quickly. Check out this list of the 10 best instant loan apps that offer Personal Loans without requiring salary slips. These apps are easy to use, with minimal documentation and quick disbursal processes.
1. Zype
Zype is one of the fastest instant loan app available today. It allows users to apply for loans without salary slips by providing alternative income proofs like bank statements. The loan process is simple and you can get up to Rs. 5 lakhs without income proof.
- Loan Amount: Up to Rs. 5 lakhs
- Interest Rate: Starting at 1.5% per month
- Loan Tenure: Flexible up to 12 months
- Feature: Instant loan without salary slip or income proof
2. MoneyTap
MoneyTap is known for its fast approval process and user-friendly interface. It’s among the best apps for those seeking a Personal Loan no income proof. You can borrow up to Rs. 5 lakhs and receive approval in just minutes.
- Loan Amount: Up to Rs. 5 lakhs
- Interest Rate: 1.08% to 2.3% per month
- Loan Tenure: Up to 36 months
- Feature: Quickest approval in 4 to 5 minutes
3. PaySense
PaySense allows users to borrow without any previous credit history. It’s one of the most convenient apps for individuals seeking loans up to Rs. 5,00,000.
- Loan Amount: Rs. 5,000 to Rs. 5,00,000
- Interest Rate: 16% to 36% per annum
- Loan Tenure: 3 months to 48 months
- Feature: Open to people with no credit history
4. NIRA
NIRA provides fast loans with flexible terms, even for individuals with no credit score. It’s ideal for those needing smaller loans and quick approvals.
- Loan Amount: Rs. 1,000 to Rs. 1,00,000
- Interest Rate: 13% to 24.03%
- Loan Tenure: 2 to 12 months
- Feature: No need for a CIBIL™ score
5. CASHe
With CASHe, users can withdraw money instantly from their approved credit limit. It’s a flexible option for salaried individuals and comes with easy repayment options.
- Loan Amount: Rs. 5,000 to Rs. 4,00,000
- Interest Rate: 15% to 35.03%
- Loan Tenure: 2 to 48 months
- Feature: Instant withdrawal from available credit
6. Navi
Navi provides Personal Loans with a completely digital process, making it one of the easiest apps to use. There’s no need for any physical documentation, and the loan disbursal is instant.
- Loan Amount: Up to Rs. 20 lakhs
- Interest Rate: Starting from 9.9%
- Loan Tenure: Up to 72 months
- Feature: 100% paperless with 24/7 support
7. Home Credit
Home Credit is perfect for those with no credit history. Users just need to provide basic documents like a PAN card and address proof to get approved.
- Loan Amount: Rs. 5,000 to Rs. 5,00,000
- Interest Rate: 12% to 25% per annum
- Loan Tenure: 2 to 36 months
- Feature: Easy approval without credit history
8. MoneyView
MoneyView is another leading option for those looking for a Personal Loan without no-income proof. With flexible tenures and minimal documentation, it’s a reliable app to get instant loans.
- Loan Amount: Rs. 35,000 to Rs. 5,00,000
- Interest Rate: 15% to 36% per annum
- Loan Tenure: 2 to 60 months
- Feature: Credit rating model to determine loan eligibility
9. Finnable
Finnable offers Personal Loans with a reduced balance interest method, resulting in lower EMIs. The loan disbursal process is quick and easy.
- Loan Amount: Rs. 5,000 to Rs. 5,00,000
- Interest Rate: 12% to 25% per annum
- Loan Tenure: 2 to 48 months
- Feature: Interest calculated on reducing balance
10. Privo
For salaried individuals earning Rs. 18,000 or more, Privo provides a seamless borrowing experience. It’s a user-friendly app with loans available for those with a CIBIL™ score of 700 or higher.
- Loan Amount: Rs. 5,000 to Rs. 2,00,000
- Interest Rate: 13% to 39.03%
- Loan Tenure: 2 to 60 months
- Feature: Simple interface for easy borrowing
Conclusion
Instant loan apps have revolutionised access to financial services. Whether you need funds for emergencies or personal expenses, these apps provide easy access to loans without salary slips. From Zype to MoneyTap, each app offers unique benefits. Compare options, choose the right app for your needs, and enjoy quick disbursal with minimal paperwork. Remember, while instant loans provide immediate relief, they come with responsibility. Borrow only what you can repay to avoid financial strain in the future.
