10 Best Instant Loan Apps in India without Salary Slip 2023

An instant loan is a type of loan that lets you get money quickly without having to go through a long application process or fill out a lot of paperwork. Most of the time, you can get an instant loan through an online platform, a mobile app, or a fintech company that offers digital lending.

Depending on the lender and the borrower’s eligibility, the amount of an instant loan can range from a few thousand dollars to several lakhs. The length of the loan can also vary, but it is usually short-term, lasting only a few weeks or months.

However, I can provide you with a list of some popular instant loan apps in India that do not require a salary slip for verification purposes:

  1. IndusInd Bank

IndusInd Bank

Any desires or necessities that you haven’t been able to afford before now are within your reach with the help of an IndusInd Simple Credit Personal Loan. The process is easy, doesn’t call for any paperwork, and can be completed at home.

The following are some of the advantages provided by IndusInd Simple Credit, which makes it easy for anyone to obtain credit without a salary slip:

  • Quick Approval for a Personal Loan up to Rs. 5,000,000
  • Every Step Is Done In-Digital
  • Cost-effective Monthly Installments
Reviewed as trusted loan providers by many customers across IndiaThe loan is not passed to people with a poor credit rating
Complete transparent and trustworthy processYou cannot avail of small loans of less than 30,000
  1. PaySense


This app is now one of the finest instant loan platforms available and it has recently merged with LazyPay. Personal loans between INR 5,000 and INR 5,00,000 can be obtained quickly and approved for any purpose.

Not having to wait for a courier or make digital copies of the papers is a huge convenience. They also offer several low EMI payment options that remove the complexity and inconvenience of loan repayment.

  • Monthly Interest Rate: 1.08-2.33 Percent
  • A maximum loan amount of Rs. 5,000,000 is available.
  • Borrow as little as Rs. 5,000
  • Documentation – Photograph, Proof of Income (bank statement), Proof of Address (Aadhar card, electric invoices, or rental agreement), and Proof of Identity (Aadhar card or PAN card).
  1. MoneyTap


In terms of getting a loan approved and funded, this is one of the quickest apps in India. MoneyTap allows you to quickly borrow funds, but only if you have their mobile software. If so, how does it work? You can only sign up for the service and obtain the app from the official website. After signing up, the next step is to finish the Know Your Customer (KYC) paperwork and wait for final clearance.

After that, you can get immediate credit up to an approved amount of INR 5,00,000 based on your credit score, which you can use for anything from necessities to luxuries to travel and more. The greatest part is that there is minimal red tape and minimal time spent waiting. Because of this, it has quickly become one of India’s most popular personal loan applications.

  • Interest Amount of 1.08 to 2.3% Per Month
  • A maximum loan amount of Rs. 5,000,000 is available.
  • The smallest loan available is 3000 rupees.
  • Selfie, Permanent Account Number (PAN) card, evidence of current location (utility bill, ration card, gas bill, or postpaid mobile, telephone, or broadband bill), and photo identification (passport, driver’s license, Voter ID, or Aadhar Card) are all required pieces of documentation. Money orders, Leases, or credit card receipt

Advantages: Loans can be applied for and approved online in a paperless environment, and borrowers will only be required to pay interest on the sum they borrow. EMI terms are flexible, extending from 2 months to 36 months. Get a credit with no collateral in as little as 4 minutes. Protected application programming interfaces, Loan sum interest is subject to market fluctuations.

  1. Dhani


It used to be a pharmacy, but now it also offers payday loans. Many international students rely on Dhani, one of the best personal loan apps without documents, to supplement their income from part-time jobs back home. Quick loans up to INR 5,000,000 are available at convenient and affordable interest rates. Additionally, you will receive a 2% credit on all purchases for use towards other purchases or services.

Dhani is the finest instant loan app when you don’t have your pay slips because you don’t have to provide any bank requirements and you can easily get a lifetime cashback card. In addition, you can get a 90-day repayment plan and a credit line of up to INR 5,00,000.

  • Annual Percentage Rate (APR): 1.07317
  • A maximum loan amount of Rs. 5,000,000 is available.
  • The lowest loan amount available is Rs. 1,000.
  • Proof of Identification and Current Location (PAN card) (passport, voter ID, driver’s license, Aadhar card), Information about your bank account

Advantages: Instantaneous funding up to Rs. 5,00,000 at low-interest rates; flexible payment options; free medical consultations; no limits on EMIs There is no hidden cost or handling fee, Amazing rebates, Completely paperless, 24/7/365 assistance, and a free Dhani RuPay card

  1. NIRA


One of the best instant personal loan apps, Nira Finance is commended for its lightning-fast approval times. They advertise instantaneous loan approvals and easy access to larger loan amounts after a brief registration process. Automatic debits and credits can be set up on this platform so that you never have to worry about your finances or the fees associated with your transactions.

To apply for an instant loan through a mobile app, you must first download it, register, upload the required documents, and link your bank account. Your credit rating will be checked instantly, and if you qualify, you’ll get a loan right away with no fees. Borrow up to INR 500,000 at an interest rate of 1.5% to 2.5% per month, with the exact amount and rate being determined by your credit score. The quickest instant loan app because you can stretch your credit term.

  • Monthly Loan Rate: 1.5% to 2%
  • A maximum loan amount of Rs. 5,000,000 is available.
  • The smallest loan available is 3000 rupees.
  • Please bring the following documents: most recent pay stub, most recent three months of bank statements, PAN card, photo ID, and evidence of current address.

Advantages: Rapid funding, reasonable rates, no-hassle payback, convenient terms, and helpful service

  1. CASHe


The simple but effective interface and features of the CASHe app have helped it become the go-to option for applicants looking for personal loans. You can sign up and join in with minimal effort, and the app’s dashboard has everything you need to know about getting a quick loan. Loans are available up to INR 500,000 with varying interest rates and payment schedules.

Additionally, you can fund the linked bank account via direct transfer. You can avoid having to register to the site every time you need to pay your loan’s interest by setting up automatic installments. Flipkart, Amazon, Big Basket, and others offer “Buy Now, Pay Later” options, and you can also use insurance to ensure purchases or other debts.

  • Monthly Interest Rate: 1.75 percent and Up
  • A maximum loan amount of Rs. 5,000,000 is available.
  • Receive money as little as Rs. 5,000
  • Documentation: Proof of Income (salary slip) and Proof of Identity (passport, Aadhar card, driving license, or voter ID), Address verification (utility, phone, or maintenance invoices), PAN card

Advantages: Applicant convenience, privacy, and security, availability around the clock, competitive interest rates, and a low principal amount are just some of the benefits of applying online. Basic Records

  1. Home Credit

Home Credit

Any Indian resident between the ages of 19 and 65 can use this website, as it is one of the most straightforward ways to apply for a short-term loan in the country. Loans of up to INR 2, 00,000 can be obtained quickly and simply with just a PAN card and another form of identification, such as a utility bill. As a result, the time it takes to get approved is minimal, making this program a top pick for personal loans.

You can get a digital loan clearance in as little as two minutes, and you can use the money whenever you want to cover up to 26 months of credit. Direct deposits to a bank account or other digital currency are possible. The site is also open to retirees on a fixed monthly pension and to full-time students who are not working.

  • The interest rate per month is between 2.4% and 3.3%.
  • The most you can borrow is Rs. 10,000.
  • The least you can borrow is Rs. 2,000,000.
  • Documentation: PAN card, proof of identity, and address

Advantages: Makes best offers after checking eligibility for “best fit,” Easy loan application and approval, clear view of loan details, quick EMI payments, 100% private and secure online process

  1. MoneyView


Moneyview, a leading financial institution, provides low-interest loans with a simple application procedure and few requirements for supporting paperwork.

Within 24 hours of application approval, you can borrow any amount between Rs. 5,000 and Rs. 5 lahks on favorable repayment conditions. When searching for “emergency loan 5, 000,” “instant 5,000,” or “Rs.5,000 loan,” money view should be your first and only option.

  1. KreditBee


As an Instant Loan provider, KreditBee is proud to be open to everyone. Users can apply for Personal Loans up to 4 lakhs based on their needs. Few documents are needed, and the whole process, from signing up to getting the money, takes an average of 10 minutes. The whole application process is done online, and once approved, the money is sent right to the applicant’s bank account. There are many different Loan Offers with easy ways to pay them back.

  1. Smart Coin App

Smart Coin App

A smart coin app is a good option if you need a credit of up to Rs. 1 lakh quickly and want to be approved for the loan instantly based on your risk profile. The credit score serves as a quantitative representation of your risk status.

You can still get a loan even if you have a low CIBIL score in Smart Coin App, but the sum you can borrow will be lower (between Rs. 1,000 and Rs. 20,000). You can borrow more money if you have a high credit score and consistent monthly revenue.


  • Give low-income people a credit line
  • Instant loan disbursal
  • No fees for paying early or for foreclosure
  • No credit score required
  • No need for a monthly income


  • The interest rate is high at 36%
  • High cost to process
  • You can only borrow up to Rs. 1 lakh.
  • No app for iPhone

How to get a Small loan without proof of income?

It is possible to get a small loan in India without a pay stub, but it might be hard. Most lenders need a pay stub as proof of income, but some instant loan apps and digital lending platforms may give loans without a pay stub if you meet their eligibility criteria and documentation requirements. Here are some options you can explore:

  1. Look for lenders or instant loan apps like KreditBee, MoneyTap, or EarlySalary that offer small loans without requiring a pay stub.
  2. Check their requirements to see if you meet them. These may include your age, credit score, and other things.
  3. Gather other documents that can serve as proof of income, such as bank statements, tax returns, or a letter from your employer.
  4. You can apply for a loan online through the lender’s website or app and send in all of the necessary paperwork.
  5. Wait until the lender looks over your application and decides what to do. If you get the loan, the money should be in your bank account in a few hours or days, depending on how long it takes the lender to process the loan.

Remember to borrow money smartly, and only get a loan if you can pay it back. Make sure you understand the loan’s terms and any fees or charges that come with it.

What is meant by IDFC personal loan without a salary slip?

IDFC First Bank is a well-known bank in India that helps people who qualify to get personal loans. Even though a salary slip is one of the most important documents needed to get a personal loan, IDFC First Bank may give you a loan even if you don’t have one. This depends on your credit score, how well you’ve paid back past loans, and other factors.

You will, however, need to show proof of your income and eligibility with other documents, such as bank statements, tax returns, or a letter from your employer. You can apply for an IDFC personal loan without a salary slip by doing the following:

  1. Go to the IDFC First Bank website to find out if you meet the requirements for a personal loan.
  2. If you meet the requirements, you can apply for a personal loan online by filling out the application form and sending the required documents.
  3. Fill out the application form with all the correct information, such as your personal information, job information, and sources of income.
  4. You may need to upload bank statements, tax returns, or a letter from your employer, among other things.
  5. Wait for IDFC First Bank to look over your application and decide whether or not to approve it. If you get the loan, the money should be in your bank account in a few days.


In India, instant loans are a popular way to get money quickly without having to go through a long application process or fill out a lot of paperwork. Most of the time, you can get an instant loan through an online platform, a mobile app, or a fintech company that offers digital lending.

If you want to get an instant loan in India without a salary slip, you should look into different lenders and their requirements to find the best loan for your needs. You should also get other proofs of income, like bank statements, tax returns, or a letter from your employer, to improve your chances of getting a loan.

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