5 lakh loan without income proof

5 Lakh Loan Without Income Proof

Do you really believe in getting the 5 lakh loan without income proof?

Let’s guess your answer. I think your answer will be no. But now customer takes instant loan up to Rs. 5 lakh without income documents. There are many NBFC companies that provide quick loans with KYC documents only. Complete financial desire with alternative options for those seeking a 5 lakh loan without income proof.

We will explore the new route and guide you on how to take the loan without income proof.

Lenders Provide 5 Lakh Loan Without Income Proof

Lenders AppInterest RateLoan Amount
Money View  16% to 21% p.a.Rs. 10,000 to Rs. 5 LakhApply Now
Prefr  1.4% to 2.3% per monthRs. 10,000 to Rs. 3 LakhApply Now
Zype  11.49% to 18% p.a.Rs. 1,000 to Rs. 5 LakhApply Now
Navi  9.9% to 45% p.a.Rs. 15,000 to Rs. 20 LakhApply Now
L&T Finance  11% to 19% p.a.Rs. 50,000 to Rs. 7 LakhApply Now

Features of 5 Lakh Loan Without Income Proof

  • The verification process will be skipped by lenders. Get a loan without physical verification.
  • The loan you get without income proof documents.
  • With a hassle-free process, loan disbursement time is 30 minutes.
  • The loan process is collateral-free. Without security get the loan.
  • Use the personal loan for daily expenses or other purposes.
  • The starting interest rate is 11% yearly.
Also Read: Mortgage Loan at 12,000 Salary

5 Lakh Loan Eligibility Criteria

Meet the 5 lakh personal loan eligibility criteria below. Check all the simple criteria below list:

  • Indian Citizen Required
  • Age: 23 to 58 years
  • Credit Score: Minimum 735+
  • The mobile number should be an Aadhaar link

List of Required Documents

Supportive KYC documents are provided to lenders for 5 lakh instant loans. Minimal document criteria are mandatory.

  • KYC Proof: Pan Card / Aadhaar Card / Voter Card / Passport
  • Address Proof Documents: Aadhaar card / Voter Card / Driving License
  • 3 months’ recent Bank Statement
  • Applicant selfie Image

5 Lakh Instant Loan Interest & Charges

Interest rate11% to 45% p.a. (Based on Lenders)
Processing ChargeUp to 4% + GST fees
Overdue ChargeApplicable

Apply for a 5 Lakh Loan Without Income Proof

Step 1: Check the lender requirement eligibility. If you think you meet the criteria, go to the next step.

Step 2: Go for loan applications from the “Apply Now” button.

Step 3: Give the required personal details for the loan process.

Step 4: Submit KYC proof documents such as Pan Card, Aadhaar Card, etc.

Step 5: Just wait sometimes for loan approval. Within 10 minutes you will get the reject or approval message.

FAQs on 5 Lakh Loan

Which lender provides a 5 lakh loan without income proof?

At the market, many lenders are available. But every lender does not give you a loan without income proof. We give you a list of lenders like Prefr, L&T Finance, MoneyView & Navi to give you loans without income proof.

What is the other option if I don’t meet the criteria for a loan without income proof?

Still, you have two options available if you don’t qualify for without income proof loan. The first one is to go for a pre-approved personal loan and the second one is to go for a secured loan like a gold loan, mortgage loan, etc.

Is a CIBIL score required for a 5 lakh loan without income proof?

Credit Score is an important part when you are going for an instant loan. The minimum credit score of 730+ is good for without income loan.

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