Gone are the days when banks would ask for a pile of paperwork before approving your loan. Today, even if you don’t have a salary slip, you can still get a personal loan online — yes, legally and safely.
But wait… No salary slip? Is it even possible?
Absolutely. Lenders have gotten smarter. Instead of just relying on a salary slip, many fintech apps and NBFCs now look at:
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- Your bank statement to check income flow
- Credit score (very important!)
- Aadhar + PAN card for identity
- Existing EMIs or liabilities
If you’re a freelancer, self-employed, or earn in cash — this could be your way in.
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Who Actually Gives Loans Without a Salary Slip?
Here are some platforms known for easy approvals without traditional documents:
- MoneyTap – Offers flexible credit line, just show bank statement and KYC.
- EarlySalary – Great for new employees or gig workers.
- KreditBee – KreditBee focuses on young working professionals and keeps the documentation process super simple.
- CASHe – Uses social profile + bank data instead of salary slip.
- Bajaj Finserv – Check pre-approved offers using only PAN & mobile number.
What Documents Can You Use Instead?
If you don’t have a salary slip, use:
- Last 3–6 months bank statements
- Form 16 or ITR if you’re self-employed
- Business registration (if any)
- Freelance contracts or invoices (optional)
Key Tips to Boost Your Chances of Approval
- Keep your credit score above 700 – even a ₹50 mobile EMI affects it!
- Avoid multiple loan applications in one go.
- Maintain a steady inflow in your bank account, even if it’s not a fixed salary.
- Use your main bank account for application (the one you use most often).
- Be honest in your application – most rejections happen due to mismatched info.
Real Talk: Should You Take a Loan Without a Salary Slip?
Only if:
- You urgently need funds and can repay on time
- You’ve checked all terms & conditions (read the fine print!)
- You’re not taking it just for lifestyle expenses
A personal loan is helpful — but don’t let it trap you. 👉 Skipping even a few EMIs can seriously damage your credit score for a long time.
Final Words
Yes, you can apply for a personal loan online in India without a salary slip, but it’s all about proving your repayment capacity in other ways.
So whether you’re a freelancer, self-employed, or someone between jobs — don’t worry. Just prepare the right docs, choose the right lender, and be transparent.
🤔 Frequently Asked Questions (FAQs)
1. Can I really get a personal loan without a salary slip?
Yes, many NBFCs and fintech companies now offer personal loans even if you don’t have a salary slip. They usually check your bank statement, credit score, and KYC documents instead.
2. Which apps offer personal loans without asking for a salary slip?
Some popular apps/platforms include:
- KreditBee
- MoneyTap
- CASHe
- EarlySalary These apps focus more on your income flow and digital footprint rather than traditional documents.
3. What documents can I use if I don’t have a salary slip?
You can use:
- Last 3–6 months bank statements
- PAN & Aadhar card
- ITR (if you’re self-employed)
- Freelance contracts/invoices (optional)
4. Will my credit score affect loan approval?
Absolutely. A good credit score (700+) increases your chances of getting approved, even without a salary slip. Lenders usually look at this before anything else.
5. Is it safe to take a loan from these online apps?
Most popular apps are tied up with RBI-registered NBFCs, but it’s smart to read reviews, understand all terms, and stay away from shady lenders who ask for money upfront.
6. What’s the maximum loan I can get without submitting a salary slip?
It mostly comes down to how much you earn, your credit history, and the lender’s own policies. Generally, you can get between ₹5,000 to ₹2 lakhs. Some may offer even more if your bank records look strong.
7. Can students or freshers get personal loans?
Yes, but only from select apps like EarlySalary or CASHe that offer credit to new earners or interns based on alternate proofs like offer letters, internship income, etc.