Can I get personal loan without income proof?

Is it possible to get a personal loan for self-employed without income proof? No, without income proof you cannot avail personal loans. You will need to provide bank statements as proof of your income.

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Furthermore, can an unemployed person get a personal loan?

Yes, since the bank may not be willing to offer you a loan if you are unemployed. The bank takes into consideration your occupation and annual income as it helps them determine the rate of interest, they should levy on your loan amount and whether you will be able to repay the loan back in time.

Regarding this, can I get loan without bank account? As long as you are able to establish your repaying ability through documents such as Payslips or income certificate, you can still get both secured and unsecured loans.

Likewise, people ask, can I get personal loan if my salary is 12000?

So, if your salary is less than Rs. 12,000, assure the lender that you have other sources of income to repay your personal loan on time. … With instant approval and 24-hour disbursal, the Bajaj Finserv Personal Loan is an ideal way to meet your needs for finance.

Can I get personal loan without bank statement?

Though these are important income documents, it is not impossible to get personal loan without salary pay slip or bank statement. You can certainly be eligible for a personal loan by submitting alternate personal documents such as: Aadhar Card. PAN Card.

How can I get a personal loan without proof of address?

How To Get A Personal Loan Without Documents

  1. Highlights.
  2. Few lenders need minimal documentation to sanction loans.
  3. Opt to borrow from a lender you have a relationship with.
  4. Some personal loans offer the instant approval feature.
  5. Opt for the Bajaj Finserv Pre-approved Personal Loan offer.

How can I get an unsecured personal loan without salary slip?

Can I get a personal loan without a salary slip?

  1. You can validate your income by producing other financial documents like bank account statements, income certificate, Income tax returns or Form 16.
  2. You can jointly apply for the loan with another applicant, who could be your family member.

How do you get a loan if you are unemployed?

It’s possible to qualify for a loan when you’re unemployed, but you’ll need solid credit and some other source of income. Whether you are unemployed unexpectedly or by choice (in the case of retirement), lenders will consider extending you a loan as long as you can persuade them you can make regular payments on time.

Is 550 a good cibil score?

Usually, a credit score of 750 or more is considered excellent. People with a score over 750 can expect better approvals for financial services like loans. A score over 700 is decent while getting a personal loan for a CIBIL score of 550 or lower can be difficult.

Which private bank is best for personal loan?

Top Private Sector Banks Offering Personal Loans

Bank Interest Rate (p.a.) Repayment Tenure
ICICI Bank 11.25% onwards 12 months to 60 months
Axis Bank 16% to 24% 12 months to 60 months
HDFC Bank 15.50% to 21.50% 12 months to 60 months
Kotak Mahindra Bank 10.99% to 24% Up to 60 months

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