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5 Best Instant Loan App Without Salary Slip in India

Looking for instant loan apps without the hassle of providing a salary slip? Check out our top 5 picks, each with unique features, loan amounts, interest rates, and eligibility criteria. Find the perfect solution for your financial needs without the unnecessary paperwork.

In today’s fast-paced world, unexpected expenses can often catch us off guard. Whether it’s a medical emergency or a sudden repair, having access to instant loans without the need for a salary slip can be a lifesaver. Here are the top 5 instant loan apps that offer hassle-free solutions:

Top 5 Best Instant Loan Apps without Salary Slip in India

1. MoneyTap

MoneyTap is a fintech company that provides personal loans to salaried individuals. They offer a flexible and easy-to-use app-based credit line that can be used for any purpose, making it a popular choice among borrowers. With a focus on customer satisfaction, MoneyTap has quickly gained a reputation as a reliable loan provider in India.

  • Loan Amount: Up to ₹5,00,000
  • Interest Rate: Starting from 13% p.a.
  • Tenure: Flexible repayment options
  • Age Required: 23 years and above
  • Income Required: Minimum monthly income of ₹20,000
  • Processing Fees: As per company policy
  • Eligibility: Salaried individuals with a stable income
  • Useful Link: https://www.moneytap.com/ 

2. EarlySalary

EarlySalary offers instant loans to salaried individuals without the need for a salary slip. What’s more, its low-interest rates and flexible repayment options ensure that you can repay the loan with ease. 

  • Loan Amount: Up to ₹2,00,000
  • Interest Rate: From 2% per month
  • Tenure: 90 days to 2 years
  • Age Required: 21 years and above
  • Income Required: Minimum net monthly salary of ₹18,000
  • Processing Fees: Up to 2% of the loan amount
  • Eligibility: Salaried individuals with a valid bank account and PAN card
  • Useful Link: https://www.earlysalary.com/ 

3. Hero Fincorp

Hero Fincorp, formerly known as Simply Cash, offers quick loans of up to 1.5 lakhs without the need for salary slips or income proof. You can apply using your KYC documents and receive the money within 24 hours.

  • Loan Amount: Rs. 50,000 to 1.5 lakh
  • Interest Rate: 2.08% per month or 25% p.a.
  • Credit Score: Minimum 700+
  • Loan Tenure: 6 to 24 months
  • Eligibility Age: 21 to 58 years
  • Income Required: Rs. 15,000/- Per month
  • Processing Fees: 2.5% + GST
  • Eligible: For Self-Employed/ Salaried Person
  • Useful Link: https://www.herofincorp.com/ 

4. FlexSalary

FlexSalary provides a convenient option for individuals to access quick loans with flexible repayment terms, making it easier to manage unexpected expenses or financial needs. It aims to support individuals in meeting their financial requirements with a simple and accessible loan process.

  • Loan Amount: Up to ₹2,00,000
  • Interest Rate: Starting from 35.40% p.a.
  • Tenure: Flexible repayment tenure
  • Age Required: 21 years and above
  • Income Required: Minimum take-home salary of ₹8,000 per month
  • Processing Fees: Up to 4% of the loan amount
  • Eligibility: Salaried individuals with a minimum work experience of 6 months
  • Useful Link: https://www.flexsalary.com/

5. Home Credit

Home Credit is committed to providing financial flexibility and convenience by offering online loans ranging from Rs. 10,000 to 5 lakhs. With a focus on transparency and quick access to funds, we ensure a seamless borrowing experience for our customers.

  • Loan Amount: Up To 5 Lakh
  • Interest Rate: 2% per month
  • Tenure: 9 to 51 months
  • Age Required: 19 – 68 years
  • Income Required: Rs. 10,000 per month
  • Processing Fees: Up to 5% of the loan amount
  • Eligibility: Self-Employed / Salaried Person / Student
  • Useful Link: https://www.homecredit.co.in/en 

Conclusion:

In times of financial uncertainty, having access to instant loans without the burden of providing a salary slip can offer much-needed relief. These Top 5 instant loan apps provide a humane and accessible way to address your financial needs with perplexity and ease.

FAQs

Q: Can I get an instant loan without a salary slip?

Answer: Yes, these apps offer instant loans without the need for a traditional salary slip.

Q: What documents are required to apply for these loans?

Answer: Generally, you’ll need your PAN card, Aadhaar card, and bank account details.

Q: How quickly can I receive the loan amount?

Answer: The processing time varies but can be as quick as within 24 hours.

Q: Are these loans suitable for self-employed individuals?

Answer: These apps primarily cater to salaried individuals.

Q: What happens if I miss a repayment?

Answer: It’s crucial to adhere to the repayment schedule to avoid additional charges and negative impact on your credit score.

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