What do you do when you desperately need money to deal with a crisis? The best course of action is to apply for a personal loan. Almost all banks and financial institutions offer personal loans, but the application process can take some time. Sometimes it can be difficult to complete the paperwork. Additionally, you will need a perfect credit history. Considering this situation, the best instant loan app in India without payslip should be a good alternative due to its inherent advantages such as:
- Fast payments and approvals.
- High flexibility and simple qualification requirements
- No collateral is required, the process is simple, and the features are easy to use.
In this article, we will discuss the best instant loan apps without payslip and other information related to the app.
Also Read: Instant Personal Loans and Credit Cards
What is an instant personal loan?
Instant loans without payslips are becoming increasingly common in the personal finance world. Instant loans without payslips, as the name suggests, are services that allow you to receive loans immediately without requiring payslips. You do not need to provide documentation of your monthly income to qualify for these loans. Instant loans can help you get the money you need quickly, whether it’s a medical emergency, unexpected car breakdown, or a forgotten birthday present.
You don’t have to wait for your paycheck to arrive or fill out tons of paperwork to receive it. Various financial institutions offer the best instant loan apps to get a loan without payslip.
Also Read: Best Share Market Apps of 2023
Top 10 Best Instant Loan Apps in India without Payslip
Below is a list of 10 best instant loan apps in India without payslip.
| S.No | app name | interest rate | Loan amount |
| 1 | money tap | 13-24% | Rs. 35000 to 5 lacs |
| 2 | pay sense | 16-36% | From Rs. 5000 to 5 lacs |
| 3 | Credit Bee | 13-35% | Rs. 1000 to 2 lacs |
| Four | Leek | 13-24% | Rs. 1000 to 2 lacs |
| Five | cache | 13-35% | From Rs. 5000 to 4 lacs |
| 6 | Navi personal loan | 9.9% | Rs. up to 20 lacs |
| 7 | money view | 15-36% | Rs. 35000 to 5 lacs |
| 8 | indians | 13-24% | Rs. 35000 to 5 lacs |
| 9 | Finnable | 12-25% | From Rs. 5000 to 5 lacs |
| Ten | home credit | 12-25% | From Rs. 5000 to 5 lacs |
Let’s learn more about the 10 best instant loan apps without payslip.
1. money tap
You can get a credit line from MoneyTap up to Rs. 500,000, and the best part is that you will only be charged interest on the money you withdraw. This is one of the best no payslip instant loan apps in India that provides loans at very reasonable interest rates.
| Loan amount | Rs. 35000 to 5 lacs |
| level of interest | 13 -24.03% |
| tenure | 2-36 months |
| Fee | Consumption tax + 2% |
2. pay sense
PaySense offers personal loans up to Rs. 500,000 yen, repayment period up to 48 months. The best loan app without payslip is a great option for those who need cash quickly, as it has quick approval times and an easy application process.
| Loan amount | From Rs. 5000 to 5 lacs |
| level of interest | 16-36% |
| tenure | 3-48 months |
| Fee | up to 3% of the amount |
3. creditbee
One of the most user-friendly and best instant loan apps without payslip in India is KreditBee. You can check app reviews before applying for a loan. The best part is that you can apply for a loan 24/7 and the app can offer loans up to Rs 2 million. 200,000 with flexible repayment options.
| Loan amount | Rs. 1000 to 2 lacs |
| level of interest | 13～35.03% |
| tenure | 2-4 months |
| Fee | Consumption tax + 2% |
Four. Leek
NIRA provides loans up to Rs 20 billion. 100,000 yen, repayment period up to 12 months. The best loan apps without pay stubs have relatively lenient eligibility requirements, making them a great option for people with less-than-stellar credit history.
| Loan amount | Rs. 1000 to 1 lac |
| level of interest | 13-24.03% |
| tenure | 2 to 12 months |
| Fee | Consumption tax +2% |
Five. cache
Cashe is the best instant loan app that offers loans up to 2 million rupees without payslip. 400,000 yen, repayment period up to 48 months. You can withdraw money instantly from your available credit limit using the app’s unique “Instant Cash” feature.
| Loan amount | Rs. 5000 to 4 lacs |
| level of interest | 15～35.03% |
| tenure | 2-48 months |
| Fee | Consumption tax + 2% |
6. Navi Personal Loan
Navi Cash Loan app is popular in India for large loans. Navi is a great option for people who need a small, short-term loan as it offers loans up to Rs. 20 million yen, repayment period up to 72 months.
| Loan amount | Up to Rs 20 Lacs |
| level of interest | 9.9% or more |
| tenure | up to 72 months |
| Fee | No fee required |
7. Money View
Loans up to Rs 50,000,000 are available from MoneyView with a repayment period of up to 5 years. Borrowers frequently choose this app due to its user-friendly interface and quick approval process.
| Loan amount | Rs. 35000 to 5 lacs |
| level of interest | 15-36% |
| tenure | 2 to 60 months |
| Fee | Consumption tax + 3% |
8. Indian Lens
IndiaLends offers loans up to Rs. 500,000 yen, repayment period up to 5 years. This app offers a variety of loan products, making it ideal for borrowers seeking personal loans.
| Loan amount | Rs. 35000 to 5 lacs |
| level of interest | 13～24.03% |
| tenure | 2 to 60 months |
| Fee | 2% + GST |
9. Finnable
Finable up to Rs 50,000,000 is available from Finnable with a repayment period of up to 4 years. With relatively lenient eligibility requirements, the best instant loan apps without pay stubs are a great option for people with poor credit history.
| Loan amount | From Rs. 5000 to 5 lacs |
| level of interest | 12-25% |
| tenure | 2-48 months |
| Fee | 2% + GST |
10. Home credit
Home Credit offers loans of up to Rs 2 million with repayment terms of up to three years. Half a million. The best loan app without payslip is the best option if you have a low CIBIL as it has flexible eligibility requirements.
| Loan amount | From Rs. 5000 to 5 lacs |
| level of interest | 12-25% |
| tenure | 2-36 months |
| Fee | 2% + GST |
Also Read: Get Instant Loan Approval with PLANET APP
How can I get a same-day loan without a pay slip?
I need money right now, but I need payslips to prove my income. Don’t worry, other documents can also be used as proof of income. Bank statements, tax returns, or Form 16 are examples of documents that some financial institutions may accept.
Check the eligibility requirements of India’s Best Instant Loan App without Payslip to know the required documents. However, lenders consider other factors in addition to income proof when evaluating loan applications. The best instant loan apps without payslips also take into account your age, professional profile, and credit score. Therefore, before applying, please check your eligibility and prepare all necessary documents.
With the best loan apps, the application process is usually easy without payslips. Simple steps include downloading the app, creating an account with your details, and submitting the required documents. The No Payslip Loan app will verify your information and respond to your loan application within minutes. The lender will deposit the funds into your bank account within hours or days of approval.
conclusion
Now that you know the best loan apps without payslip, we hope you can apply for them now to make your dreams come true. After reading the list of Best Instant Loan Apps in India without Payslip, you will end up choosing an app that offers loans with low EMIs and low interest rates. Before choosing a no payslip loan app, be sure to check the reviews and ratings.
Best Instant Loan App without Payslip – Frequently Asked Questions
Can I get a same-day loan without a payslip loan app?
answer. There are several instant loan apps in India that offer loans without asking for payslips. You may need other forms of income documentation, such as bank account records or tax returns.
What are the requirements to apply for same day loan without payslip loan app?
answer. Eligibility requirements vary by financial institution and loan application. Generally, you must be over 18 years old, have a reliable source of income, and have a good credit rating. The app takes into account your professional profile, place of residence and loan amount instead of your payslip.
How much can I borrow with a same-day loan application?
answer. Each loan has a different maximum amount, depending on the lender and your qualifications. The loan amount is usually in the range of 1 million rupees. 5,000 rupees 500,000 yen, repayment period ranges from a few days to several months.
How long does the loan application process take?
answer. Instant loan applications are easy and quick to complete without payslips. You can apply online and, if approved, the money is usually in your bank account within hours or days.
Are instant loan apps that don’t require pay slips reputable and safe?
answer. The Reserve Bank of India (RBI) registers and regulates most of the instant loan apps mentioned in this article. This means that apps must follow strict rules and standards. However, it is wise to do your research and read reviews before applying for a loan.
