Can You Get a Personal Loan Without Salary Slip?
Yes! Many banks and NBFCs in India offer personal loans to self-employed individuals, freelancers, and gig workers without traditional salary slips.
5 Best Options
- Bank Statement Loans: HDFC, ICICI, Axis Bank offer loans based on 6-month bank statements showing regular income.
- ITR-Based Loans: Income Tax Returns for 2+ years serve as income proof for self-employed.
- Gold Loans: Fastest option – pledge gold jewellery for instant cash without any income proof.
- NBFCs: Bajaj Finance, Tata Capital have relaxed norms for non-salaried borrowers.
- Peer-to-Peer Lending: Platforms like LenDenClub, Faircent with flexible criteria.
Documents Needed
- Aadhaar Card + PAN Card
- Bank statements (6 months)
- ITR for 2 years
- Business proof (if self-employed)