A loan is given on the basis of the income and age of the applicant. Unsecured personal loans are given on the basis of salary and IT returns for self-employed professionals. A personal loan without documents would mean a little negotiation in terms of documents. But, you will have to submit a proof of your income be it in terms of salary slip or e-statement.
The case of no-income proof or no documents is with those who do not get salary slip. Those who do not get a salary but need funds for some expenses cannot compromise with the urgency and hence will need money. A personal loan without documents is possible to get rid of any financial crisis.
Is Loan Without ITR Possible?
Yes, it is possible to get a personal loan without documents from your existing bank. There are many personal loan offers given to those who use net banking. When you apply for a personal loan from net banking, you do not have to submit all documents since your bank already has your KYC. If this is the same account where you get your salary disbursed, the bank has the record of it and thus you do not have to submit your salary slip as well.
Coming back to ITR, if you have filed it through this account, your ITR return details are with the bank so you do not have to submit ITR as well. So, if you have a net banking access, you can get a personal loan without documents. Pre-approved personal loans are given like this. Otherwise, normal documents that a person has to submit to get a personal loan is given below:
Documents Required For Personal Loans
The documents you need to submit as per your professional background is given below:
For Salaried Individuals
- Loan Application Form
- 2 Passport size photos
- Salary Slips for last 3 months
- Identity Proof-PAN Card or Driving License or Voter ID Card or Adhaar Card, etc.
- Residence Proof- Driving License/Voter ID Card/Aadhaar card, etc.
- Last 3 months Bank Statements
- Employment Proof
- Signature Proof
For Self-Employed Individuals
- Loan Application Form
- 2 Passport size photos
- Identity Proof-PAN Card or Driving License or Voter ID Card or Aadhaar Card, etc.
- Office Residence Proof
- Income Proof: Audited financials for the last 2 years
- Last 6 months Bank Statements
- Employment Proof
- Signature Proof
How Can You Apply For A Personal Loan Without Documents?
If you have a access to net banking of your bank account, you might be getting many offers for a personal loan. You can follow the below steps:
- Login to Netbanking using customer ID and password
- Check loan offers
- Apply instantly for a personal loan
- Fill up the required details
The above details on personal loan without documents are sufficient to understand whether or not you can get it. You have also understood that getting this loan is easier at the same bank where you have a saving or salary account. Also, if you pay your ITR from the same lender, it is even easier.
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