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 App||Interest Rate||Loan Amount|
|Money View||16% to 21% p.a.||Rs. 10,000 to Rs. 5 Lakh||Apply Now|
|Prefr||1.4% to 2.3% per month||Rs. 10,000 to Rs. 3 Lakh||Apply Now|
|Zype||11.49% to 18% p.a.||Rs. 1,000 to Rs. 5 Lakh||Apply Now|
|Navi||9.9% to 45% p.a.||Rs. 15,000 to Rs. 20 Lakh||Apply Now|
|L&T Finance||11% to 19% p.a.||Rs. 50,000 to Rs. 7 Lakh||Apply 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 rate||11% to 45% p.a. (Based on Lenders)|
|Processing Charge||Up to 4% + GST fees|
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.