Key Takeaways
- A loan without a salary slip still requires income checks. Lenders now use bank statements, UPI transactions, ITRs, and digital spending patterns instead of traditional payslips.
- Digital loan apps have expanded access to credit. Freelancers, self-employed professionals, gig workers, and first-time borrowers can now access personal loans more easily.
- Faster approvals and minimal documentation often come with higher interest rates and shorter tenures.
- Not all loan apps are equally safe or transparent. Always verify RBI-registered NBFC partnerships, check fees, repayment terms, and avoid apps using pressure tactics.
- Responsible borrowing is key. Borrow within your repayment capacity, maintain a healthy credit profile, and choose trusted platforms like Freo for safer digital credit options.
The lending landscape in India has changed. With digital banking, UPI payments, and data-driven credit assessment, several loan apps now offer a personal loan without a salary slip by using alternative ways to assess your income.
This guide explains what a loan without a salary slip really means, and lists some of the best loan apps without a salary slip in India. It also highlights what you should check before applying, so you can borrow safely and responsibly.
What Does “Loan Without a Salary Slip” Mean?
Traditionally, banks and NBFCs ask for recent salary slips to verify your income before approving a personal loan. If you cannot provide them, your application is often rejected, even if you earn regularly.
An urgent cash loan without a salary slip does not mean the lender skips income checks altogether. Instead, these apps use alternative proofs, such as:
- Bank statements showing regular credits
- Income Tax Returns (ITR)
- Business income or GST filings (for self-employed users)
- UPI transaction history and digital spending patterns
This shift matters because it allows more people to access credit, especially those who are self-employed, work on contracts, or earn from multiple sources. In short, these apps focus on how you earn, not just where you work.
Best Personal Loan Apps Without a Salary Slip in India
Below is a comparison of popular apps often searched as a loan app without a salary slip.
| App Name & Lender / Partner NBFC | Loan Amount Range | Tenure / Interest Rate* | Salary Slip Required? / Alternative Docs | Loan Payback Time |
|---|---|---|---|---|
| KreditBee (Multiple NBFC partners, incl. KrazyBee) | ₹1,000-₹5,00,000 | 3-24 months; interest starts ~18% p.a. | Salary slip not mandatory; bank statements, PAN, Aadhaar | Flexible EMIs |
| Navi (Navi Finserv Pvt. Ltd.) | ₹10,000-₹20,00,000 | Up to 72 months; interest from ~9.9% p.a. | Salary slip not mandatory in all cases; bank data used | Monthly EMIs |
| CASHe (Bhanix Finance & Investment Ltd.) | ₹1,000-₹4,00,000 | 3-12 months; interest ~30-36% p.a. | Salary slip optional; bank statements & KYC | Short-term |
| PaySense (PayU Finance India Pvt. Ltd.) | ₹5,000-₹5,00,000 | 3-60 months; interest ~16-36% p.a. | Salary slip not compulsory; alternative income proof | Flexible EMIs |
| SmartCoin (Multiple NBFC partners) | ₹1,000-₹1,00,000 | 3-12 months; interest varies | Salary slip not mandatory; digital & bank data | Short to medium |
| mPokket (Maybright Ventures Pvt. Ltd.) | ₹500-₹30,000 | 1-6 months; interest ~24-36% p.a. | No salary slip; ID & student/employment proof | Very short |
| Dhani (Dhani Loans & Services Ltd.) | ₹1,000-₹15,00,000 | 3-36 months; interest varies | Salary slip not always required; KYC & bank data | Monthly EMIs |
| PayRupik (Sayyam Investments Pvt. Ltd.) | ₹1,000-₹25,000 | Up to ~3 months; interest relatively high | Salary slip not mandatory; minimal documentation | Short-term |
| Kissht (Kissht Finance Pvt. Ltd.) | ₹5,000-₹5,00,000 | 3-24 months; interest varies | Salary slip not mandatory; digital checks | Flexible EMIs |
| Fibe (EarlySalary Services Pvt. Ltd.) | ₹8,000-₹5,00,000 | 3-24 months; interest ~16-30% p.a. | Salary slip not mandatory for select users | Short to mid-term |
*Interest rates and tenures are indicative and depend on credit profile, city, and lender discretion.
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KreditBee
KreditBee is one of the most widely recognised names when people search for a loan app without a salary slip in India. It works with multiple RBI-registered NBFC partners, including KrazyBee, to offer fully digital personal loans to salaried, self-employed, and gig workers.
What makes KreditBee relevant for borrowers without salary slips is its flexible income assessment approach. Instead of insisting on traditional payslips, the app evaluates your eligibility using bank statements, PAN and Aadhaar details, and overall banking behaviour. This makes it easier for freelancers, small business owners, and contract workers to apply.
Key Details
- Loan amount: ₹1,000 to ₹5,00,000
- Repayment tenure: 3 to 24 months
- Salary slip: Not mandatory for many users
Documents: PAN, Aadhaar, active bank account, recent bank statements
Pros:
- Quick approval and fast disbursal
- The entire process happens online
- Suitable for users without formal employment proof
Cons
- Interest rates can be higher for new or low-credit borrowers
- Initial loan limits may be lower and increase with good repayment history
Best Suited for:
People who need a mid-sized or small personal loan without a salary slip and want a simple, app-based process.
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Navi
Navi is a digital lending platform backed by Navi Finserv, an RBI-registered NBFC. It stands out for offering higher loan amounts and longer repayment tenures compared to many instant loan apps.
While Navi does not explicitly advertise itself as a “no salary slip” lender, many applicants are assessed using banking data and digital income patterns rather than only salary slips. This makes it accessible to self-employed professionals and users with consistent bank credits.
Key Details
- Loan amount: ₹10,000 to ₹20,00,000
- Repayment tenure: Up to 72 months
- Salary slip: Not mandatory in all cases
- Documents: PAN, Aadhaar, bank-linked data
Pros
- Competitive interest rates for eligible profiles
- Longer EMIs reduce monthly repayment pressure
- Clean, transparent app experience
Cons
- Approval depends heavily on credit score and income consistency
- Not ideal for very small or ultra-short-term loans
Best Suited for:
Borrowers looking for a larger personal loan without a salary slip, especially for expenses like education, medical needs, or debt consolidation.
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CASHe
CASHe is commonly searched for as an urgent cash loan without a salary slip, especially for short-term needs. The app focuses on speed and simplicity, offering quick approvals and fast disbursal.
CASHe may not always require a salary slip, but it does assess income through bank statements and digital KYC checks. This approach works well for users who have regular bank credits but do not receive formal payslips.
Key Details
- Loan amount: ₹1,000 to ₹4,00,000
- Repayment tenure: 3 to 12 months
- Salary slip: Optional for certain users
- Documents: PAN, Aadhaar, bank statements
Pros
- Fast approval and disbursal
- Simple eligibility criteria
- Fully digital process
Cons
- Higher interest rates due to short tenure
- Not ideal for long-term borrowing
Best Suited for:
Users who need an instant personal loan without a salary slip for short-term or emergency expenses.
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PaySense
PaySense is a digital lending platform backed by PayU Finance India. It supports both salaried and self-employed borrowers and is known for flexible eligibility and longer tenures.
Instead of insisting on salary slips, PaySense often relies on alternative income proofs, including bank statements and digital income data. This makes it accessible for users who earn regularly but lack formal salary documentation.
Key Details
- Loan amount: ₹5,000 to ₹5,00,000
- Repayment tenure: 3 to 60 months
- Salary slip: Not compulsory
- Documents: PAN, Aadhaar, bank statements
Pros
- Longer repayment options
- Suitable for new-to-credit users
- Transparent digital process
Cons
- Interest rates vary widely based on profile
- Processing fees may apply
Best Suited for:
Borrowers looking for a personal loan without a salary slip and bank statement flexibility, with manageable EMIs.
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SmartCoin
SmartCoin focuses on data-driven lending, using digital behaviour and banking activity instead of heavy paperwork. While it does not openly claim “no salary slip required,” many users are assessed without traditional payslips.
The app typically offers smaller loan amounts initially, which may increase over time with good repayment behaviour.
Key Details
- Loan amount: ₹1,000 to ₹1,00,000
- Repayment tenure: 3 to 12 months
- Salary slip: Not mandatory
- Documents: PAN, Aadhaar, bank data
Pros
- Fast, paperless approvals
- Good for small to mid-size needs
Cons
- Interest rates can be high
- Smaller initial limits on loan amounts
Best Suited for:
Users looking for a small loan without a salary slip and quick approval.
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mPokket
mPokket is designed specifically for students and young professionals who may not have a regular salary or formal income proof. It is one of the few apps that clearly supports users without salary slips.
Instead of income documents, mPokket relies on identity verification and educational or employment proof.
Key Details
- Loan amount: ₹500 to ₹30,000
- Repayment tenure: Short-term
- Salary slip: Not required
- Documents: PAN, Aadhaar, student or employment ID
Pros
- Very easy eligibility
- Ideal for first-time borrowers
Cons
- Small loan amounts
- Short repayment cycle
Best Suited for:
Students or first-time borrowers needing very small, short-term loans without salary slips.
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Dhani
Dhani is a large fintech platform offering loans, insurance, and health services. Its personal loan offering is digital and paper-light. Dhani may not always require a physical salary slip, but it does verify income through banking data and digital checks.
Key details
- Loan amount: ₹1,000 to ₹15,00,000
- Repayment tenure: 3 to 36 months
- Salary slip: Not always required
- Documents: PAN, Aadhaar, bank details
Pros
- Wide loan range
- Integrated finance ecosystem
Cons
- Variable customer experience
- Interest may vary widely
Best Suited for:
Users seeking a personal loan without a salary slip from a large, established fintech brand.
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PayRupik
PayRupik focuses on small-ticket, short-term loans with minimal documentation. It does not insist on traditional salary slips and uses automated checks for approval. Because of the short tenure and higher interest rates, borrowers should use PayRupik cautiously.
Key Details
- Loan amount: ₹1,000 to ₹25,000
- Repayment tenure: Short-term
- Salary slip: Not mandatory
- Documents: PAN, Aadhaar
Pros
- Minimal paperwork
- Fast disbursal for emergencies
Cons
- Limited loan size
- Short repayment cycles
Best Suited for:
Emergency needs where a small loan without a salary slip is required quickly.
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Kissht
Kissht offers digital personal loans with minimal paperwork and flexible eligibility. It focuses on app-based assessment rather than physical documents.
Key Details:
- Loan amount: ₹5,000 to ₹5,00,000
- Repayment tenure: 3 to 24 months
- Salary slip: Not mandatory for all users
- Documents: Digital KYC and bank data
Pros
- Flexible digital checks
- Transparent EMI options
Cons
- Reported support delays
- Interest varies by profile
Best Suited for:
Users are comfortable with online loan apps without a salary slip and digital verification.
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Fibe (Formerly EarlySalary)
Fibe is popular among young professionals and salaried users who need quick credit. For select profiles, it does not insist on salary slips and instead evaluates bank statements and digital income behaviour.
Key details
- Loan amount: ₹8,000 to ₹5,00,000
- Repayment tenure: 3 to 24 months
- Salary slip: Not mandatory for select users
Pros
- Flexible digital checks
- Transparent EMI options
Cons
- Reported support delays
- Lower-income groups may be quoted higher interest rates
Best Suited for:
Users seeking a quick personal loan without a salary slip, with a smooth app experience.
Key Eligibility and Document Requirements
While requirements vary by app, most loan apps without a salary slip look for:
- Indian resident and minimum age (usually 21+)
- PAN and Aadhaar
- Active bank account
- Bank statements or alternative income proof
- Acceptable credit history or digital income pattern
Before applying, always check:
- Interest rate and processing fees
- Repayment tenure
- Late payment charges
General Pros and Cons of Using Loan Apps Without a Salary Slip
Pros
- Easier access for self-employed and gig workers
- Faster approval and disbursal
- Fully digital process
Cons
- Higher interest rates
- Smaller loan amounts for first-time users
- Shorter repayment periods
Red Flags to Watch Out for While Taking Quick Personal Loans From Apps
Always read the fine print to avoid these pitfalls:
- Hidden charges and unclear fees
- Pressure tactics or misleading ads
- Apps without RBI-registered NBFC partners
- Ignoring the impact of late payments on your credit score
Tips to Improve Your Approval Chances for a Loan Without a Salary Slip
Here are some hacks that improve your chances of getting a loan:
- Maintain a healthy credit score
- Keep bank statements clean and consistent
- Share ITR or business income proof if available
- Borrow within your repayment capacity
FAQs
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Can you get a loan with no income proof?
Completely no income proof is rare. Most apps rely on bank statements or digital income patterns.
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What credit score is required to get a loan?
Many apps work with scores starting around 600, but higher scores improve approval chances and interest rates.
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Are the loans from apps legal and safe?
Yes, if the app partners with RBI-registered NBFCs.
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Can users with a salary slip also use these apps?
Indeed, especially for faster processing.
To conclude, yes, it is possible to get a personal loan without a salary slip in India, thanks to digital lending and alternative income verification. However, convenience often comes at a higher cost. Choose a reliable app, understand the terms, and borrow responsibly.
If you want a safer, flexible digital credit experience from a trusted platform, you can explore Freo’s personal loan offerings.
Disclaimer
These are unsecured loans and involve financial risk. Interest rates and terms vary by lender and borrower profile. This article is for informational purposes only and not financial advice. Always verify the latest in-app terms and NBFC partner details before applying.
