When you have a sudden need for credit, a personal loan can be the answer to your troubles. They are no-questions-asked unsecured loans availed by people for emergencies such as medical expenses, home purchase funds, rent payment, debt consolidation etc. It can be difficult to get an instant loan without payslip, but it’s possible on Navi. You can just download the Navi app to get yourself an instant personal loan without income proof.
Financial institutions usually require borrowers to show that they have credit discipline and funds enough to arrange for repayment. Those who are salaried or self-employed can apply for personal loans, but lenders require showing income proof like salary slips, employer affidavit, income tax returns, bank statement, Form-16, etc. as is applicable to the specific case. Lenders verify the monthly income flow and the sources of income claimed.
Navi’s high-tech platform uses multiple alternate approval procedures and criteria to help you get credit regardless of your income status. You just need to show the availability of funds to repay to avail of a loan without payslips.
Navi provides instant credit access with the following benefits:
No hassle of submitting hard copies; all you need is your Aadhar and PAN along with a selfie.
Navi’s high-tech loan approval process will allow you to access your borrowed money in your bank account on the same day.
Navi is very transparent about all the charges you have to pay. There are no hidden charges for availing instant personal loan online without income proof.
You can estimate your monthly EMI and also set your tenure as per your convenience.
Whether you need INR 15,000 or INR 5,00,000, Navi can instantly help you get an emergency cash loan.
The super-quick verification process happens due to the power of the latest technology driving Navi’s platform.
Sometimes the human touch is necessary to clear doubts. Navi’s customer care is very prompt and keen to resolve all kinds of grievances.
The eligibility criteria to get instant loan without income proof from Navi are straightforward, as follows:
The following documents will be needed:
However, it is absolutely possible to get a Navi personal loan without income proof submission.
If you are unable to submit your salary slips or Form 16, then don’t worry. The following tips will let you know what matters in getting a personal loan without income verification:
A strong credit history becomes very important for a successful application of personal loan with no income verification. A credit score of 700 or more may be needed.
If your credit history is not great, then you can improve it by using credit cards, repaying EMIs on time, and maintaining a low credit utilisation ratio. Always repay credit card bills on time.
When the lender trusts you to repay, you can easily avail of a personal loan without income proof. Always maintain the right minimum balance, repay EMIs timely and get all your credit from the same lender.
It can be difficult to show regular income proof, especially as a self-employed individual. If possible, you can provide bank statements, proof of rental income or tax returns. Showing regular invoicing or proof of family member’s income or even FD receipts can be acceptable.
You can always contact Navi for clarification pertaining to your specific circumstances.
For easy and accessible personal credit, download the Navi app and start filling up the details to get your personal loan without income proof. Once you have filled in the details, you can use the EMI calculator to set your payment schedule, tenure and you will know the interest rate.
You can get an instant personal loan for any amount up to Rs 5 lakh even without submitting income proofs.
Your interest rate depends on your overall application, tenure, EMI choice and credit history. You can use the EMI calculator to estimate your interest rate.
Yes, you can apply for an instant cash loan even if you are unable to furnish proof of salaried income.
Axis Bank Personal Loan Interest Rates April 2023
Axis Bank Personal Loan interest rates are currently starting at 10.49% p.a. for loans of ₹25,000... Read More »No Credit Check Loans in India
What is No Credit Check Loan? A ‘no credit check loan’, as the name suggests, does not... Read More »Instant Cash Loan in 1 Hour Without Documents
Instant Cash Loan in 1 Hour Are you in any emergency cash crisis and in need of an instant cash ... Read More »Personal Loan on PAN Card – Check Your Eligibility & Apply Now!
Do you need urgent cash to pay for an unexpected expense, a pending bill, or a medical emergency? A... Read More »What are Short Term Loans? – Key Features and Benefits
Short Term Loan A short term loan provides urgent assistance for an individual’s financial req... Read More »Interest Rate on NBFC Personal Loan
NBFC Personal Loan Non-Banking Financial Companies (NBFCs) are becoming increasingly popul... Read More »How to Apply for a Pre Approved Personal Loan?
Pre Approved Personal Loan Pre-approved loans are instant personal loans that are offered by ban... Read More »Personal Loan Disbursal Process
A personal loan is an unsecured loan which you can avail to deal with any type of financial emergen... Read More »Unsecured Loan – Types, Benefits, Interest Rate & Eligibility
What is an Unsecured Loan? An unsecured loan is a type of loan that doesn't require any collater... Read More »Small Cash Loan on Aadhaar Card without PAN Card
Small cash loans are type of personal loans offered by banks and NBFCs to meet short-term financial... Read More »Personal Loan for Low CIBIL Score Applicants – Eligibility Criteria and How to Apply
Overview - Personal Loan With Low CIBIL Score Be it for a medical emergency, a sudden business o... Read More »What is a Fast Loan – Features, Interest Rates and How to Apply Online?
What is a Fast Loan? A fast loan is an instant personal loan that allows you to borrow money wit... Read More »Top 10 Chit Fund Schemes in India in 2023
Chit funds are one of the most popular return-generating saving schemes in India. It is a financial... Read More »10 Best Gold ETFs in India to Invest in April 2023
Gold ETFs or Gold Exchange Traded Funds are passively managed funds that track the price of physica... Read More »10 Best Demat Accounts in India for Beginners in 2023
Creation of Demat accounts revolutionised the way trades were conducted at the stock exchanges. It... Read More »20 Best Index Funds to Invest in India in April 2023
What is an Index Fund? An index fund is a type of mutual fund or exchange-traded fund (ETF) that... Read More »Best Arbitrage Mutual Funds to Invest in India in April 2023
Arbitrage funds are hybrid mutual fund schemes that aim to make low-risk profits by buying and sell... Read More »10 Best SIP Plans in India to Invest in April 2023
What is SIP? SIP or Systematic Investment Plan is a method of investing a fixed amount in ... Read More »10 Best Corporate Bond Funds in India to Invest in April 2023
Corporate bond funds are debt funds that invest at least 80% of the investment corpus in companies ... Read More »10 Best Bank for Savings Account in India [Highest Interest Rate 2023]
Savings account is a type of financial instrument offered by several banks. It lets you safely depo... Read More »