Home
Personal Loan
Personal Loan without Salary Slip

How To Get A Personal Loan Without A Salary Slip

Personal loans are issued against a borrower’s income. Hence, income certificates, such as salary slips, play a crucial role in loan approval. That said, salary slips are just one of the many forms of income proof. Borrowers who might not be able to produce them, say, self-employed individuals, freelancers, and others, can also get the required financial help via personal loans without salary slips.

The important criterion is to showcase a steady source of income and establish high credibility. This helps gain a lender's trust and confidence. Here, we discuss the various ways using which you can do exactly that, even without having a salary slip.

Get in Touch for Personal Loan Expert Advice

Connect with our Personal Loan Advisor Now!

Personalized Personal Loan solutions
Expert guidance
Application assistance
Credit score discussion
Personal Loan Interest rate comparison

Full Name *

+91Mobile No. *

Search City *

Choose City

Choose Loan Type *

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Terms and Conditions

CONSENT IN RELATION TO ACCESS TO CREDIT INFORMATION THROUGH Equifax

End-user (customer)hereby consents to Loantap financial technology being appointed as your authorized representative to receive your Credit Information from Equifax on an ongoing basis until the purpose of Credit Risk Assessment. is satisfied or the expiry of 6 months from the date the consent is collected; whichever is earlier.

This End User Agreement (the “Agreement” ) is made between you (the “User” or “You” ) and Urban Money Private Limited hereinafter referred to as “URBAN MONEY ”, a private limited company having its registered office at 1st Floor, Tower A, M3M Urbana Business Park, Sector 67, near M3M Urbana, Gurugram, Haryana 122001. (“Urban Money ”, “Us” or “We”, which term shall include its successors and permitted assigns). The User and URBAN MONEY shall be collectively referred to as the “Parties” and individually as a “Party”.

Table of Content

1. 5 Ways to Get a Personal Loan Without Salary Slip or Income Proof

1.1 Use Alternative Income Sources

1.2 Maintain an Excellent CIBIL Score

1.3 Apply for a Joint Personal Loan

1.4 Opt for a Secured Loan

1.5 Approach NBFCs

2. Key Features of Personal Loans Without Salary Slip or Income Proof

3. Eligibility Criteria for Personal Loan Without Salary Slip

4. Tips to Improve Your Chances of Approval

Written By

Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Last Updated: 10th March 2025

Urgent cash loan without salary slip? Don’t worry! While income proof is crucial for loan approval, there are several ways to secure a personal loan without salary slip or even an instant loan without salary slip. This guide will show you how to showcase your financial credibility and increase your chances of approval for a loan without salary slip.

Key Points

✅ Loan Options – Quick Personal Loan, Urgent Cash Loans, Instant Loans, Small Loans

✅ Salary Slip Alternatives – IT Returns, Business Statements, Bank Statements, High CIBIL Score

✅ Improve Approval Chances – Joint Application, Secured Loan, Approach NBFCs

✅ Eligibility – Age 21-65, Indian National, Employed/Self-Employed

✅ Tips – Maintain High Credit Score, Compare Lender Offers, Keep Documents Ready.

Options for Personal Loan Without

5 Ways to Get a Personal Loan Without Salary Slip or Income Proof

Use Alternative Income Sources

Self-employed individuals and freelancers can prove their income through these methods, even for an instant personal loan without income proof:

IT returns
Business statements
Bank statements
Rental income proof

Maintain an Excellent CIBIL Score

A high credit score (800+) can compensate for lack of formal income proof when applying for a personal loan without income proof. Improve your score by:

Paying credit card bills on time
Maintaining a healthy credit mix

Apply for a Joint Personal Loan

Consider applying with a co-borrower who has a steady income for a small loan without salary slip can apply jointly with their spouse, parent or any other reliable co-borrower and use their steady income to gain the bank’s confidence.

Spouse
Parent
Sibling

Opt for a Secured Loan

Offer collateral to increase your chances of approval for an instant loan without salary slip. However, borrowers can mortgage high-value securities such as properties, mutual funds and others to gain loans without salary slips.

Property
Mutual funds
Fixed deposits

Approach NBFCs

Non-Banking Financial Companies (NBFCs) often have more flexible eligibility criteria for personal loans without salary slip.

Key Features of Personal Loans Without Salary Slip or Income Proof

Feature	Description
Loan Purpose	Multipurpose (medical expenses, family functions, etc.)
Interest Rates	Typically higher for loans without salary slip
Loan Tenure	Generally shorter for instant loans without salary slip

Eligibility Criteria for Personal Loan Without Salary Slip

Age: 21-65 years
Nationality: Indian
Employment: Salaried or Self-Employed
Credit Score: High CIBIL score preferred for instant personal loans without income proof

Tips to Improve Your Chances of Approval

Maintain a high CIBIL score consistently
Prepare all necessary documents (ID proof, address proof, etc.)
Compare offers from multiple lenders for urgent cash loans without salary slip
Be honest about your financial situation.

Frequently Asked Questions (FAQs)

What is an instant personal loan without a salary slip?

It is a personal loan which is issued against various income certificates, other than the salary slip. These are useful for self-employed borrowers and others who may not be able to furnish payslips.

How much can I borrow using a loan without a salary slip?

Maximum personal loan amount varies from one bank to another. However, maintaining high CIBIL scores can help individuals gain higher loan amounts.

What are the interest rates for instant Personal loans without a salary certificate?

Although these usually start at 9-10% p.a., different banks charge different interest rates on personal loans.

How long does it take to get a loan without a salary slip and bank statement?

It depends on the credibility of one’s application. Generally, personal loans get approved within a few hours to a few business days.

Quick Links

Personal Loan by Nationalized Bank

Personal Loan by Private Bank

Personal Loan by NBFC

Personal Loan Calculators

Bank wise Personal Loan Calculators

Bank Wise Personal Loan Interest Rate

Latest from the Personal Loan Blog

Get in-depth knowledge about all things related to Personal Loan and your finances

Education Loan Eligibility in India: Criteria, Documents & Mistakes to Avoid

Satyam SachdevaMay 30, 2025