Instant loan apps have made borrowing simpler for people who don’t have a salary slip or traditional income documents. Whether you’re a freelancer, self-employed, a new employee, or someone who needs urgent cash, these apps offer quick approval using alternative checks like bank statements, ID proof, and basic personal details. With fast processing, minimal paperwork, and instant disbursal, they have become a convenient option for managing emergency expenses without visiting a bank. This guide lists the Top 10 Best Instant Loan Apps in India Without Salary Slip, along with features, eligibility, and exact benefits to help you choose the right one.
List of 10 Best Instant Loan App Without Salary Slip
1. Freo Money (Formerly MoneyTap)
Key Highlights
| Loan Amount | Upto Rs.5 lakhs |
| Interest rates | Start at 13% p.a. |
| Loan Tenure | 3 to 36 months |
| Fees and Charges | 2% plus GST |
| Best Feature | The quickest approval process that takes only around 4 to 5 minutes |
Freo Money (Formerly MoneyTap) is a smart all-in-one financial app that offers UPI payments, instant personal loans upto ₹5 lakh, digital insurance, and investment options - all in one place. With fast approvals, paperless processing, and flexible EMIs, Freo simplifies how you borrow, pay, and invest. It’s secure, user-friendly, and designed for modern financial needs.
- Get a credit line from ₹3,000 to ₹5 lakh, with instant access through the Freo app
- Pay interest only on the amount you use, not the full limit
- Loan amount is disbursed within 24–48 hours upon approval
- Available for salaried individuals earning ₹30,000/month or more
- Repayment tenure ranges from 3 to 36 months
- No collateral required and no prepayment charges after lock-in period
- Also offers Freo Pay (BNPL), credit-on-UPI, savings, insurance, and gold investment options
2. PaySense
Key Highlights
| Loan Amount | Rs. 5000 to Rs. 5,00,000 |
| Interest Rates | 1.4% - 2.3% p.m. |
| Loan Tenure | 3 months to 60 months |
| Fees and charges | Upto 3% of the loan amount |
| Best Feature | People with no previous credit history can avail of the loan |
PaySense has tie-ups with top banks and financial institutions to provide instant personal loans online. Both salaried and self-employed individuals can apply for instant personal loans from PaySense. Recently, PaySense has merged with LazyPay.
3. NIRA
Key Highlights
| Loan Amount | Rs. 1000 to Rs. 1,50,000 |
| Interest Rates | 24% to 36% p.a. |
| Loan Tenure | 3 months to 24 months |
| Fees and charges | 5% to 8% loan amount plus GST |
| Best Feature | Loans are available without a CIBIL score |
NIRA is one of the best instant loan apps in India due to its instant approvals, simple registration process, and automatic evaluation of credit scores based on the documents submitted online. It gives users the facility to set up auto debits and auto credits. They also have the provision of expanding their credit period if needed.
4. CASHe
Key Highlights
| Loan amount | Rs. 45,000 to Rs. 3,00,000 |
| Interest rates | 15 to 35.03% |
| Loan tenure | 9 - 18 months |
| Fees and charges | 2.5% plus GST |
| Best Feature | CASHe instant which allows you to withdraw money instantly from the available credit limit. |
CASHe has one of the most user-friendly interfaces. Using this app, users can get a single approval for multiple loans at the same time. Before applying for a CASHe instant personal loan, users have to upload the required documents, complete the verification process, and set limits for the loan. This app directly disburses the money into your bank account. Further, users can also set up an auto debit facility from their bank accounts for hassle-free and timely repayments. However, to avail of loans from CASHe, users should have a decent credit score.
5. Navi Finserv
Key Highlights
| Loan Amount | Up to Rs. 20 lakhs |
| Interest Rates | Interest rates upto 26% p.a. |
| Loan Tenure | Up to 84 months |
| Fees and charges | Nil |
Navi Finserv provides a hassle-free and quick instant Cash loan application and approval process. The process is 100% paperless, secure, and simple. The app transfers money instantly to your bank account. Further, it offers 24/7 customer support.
6. Home Credit
Key Highlights
| Loan Amount | Rs. 10,000 to Rs. 4.80 lakh |
| Interest Rates | starts at 1.6% per month |
| Loan Tenure | 9 months to 60 months |
| Fees and Charges | Up to 5% plus GST |
| Best Feature | Offers personal loans to people even without credit history |
Individuals can get an instant personal loan from Home Credit by just submitting their PAN card and another ID/address proof document. It is a very easily accessible online instant loan app. The loan is available for individuals whose ages are between 18 and 60 years.
7. MoneyView
Key Highlights
| Loan Amount | Rs. 5,000 to Rs.10 Lakh |
| Interest Rates | Start from 14% p.a. |
| Loan Tenure | 2 months to 60 months |
| Fees and charges | 2% plus GST |
| Best Feature | It has a credit rating model that determines the maximum loan eligibility for an individual. |
MoneyView directly credits the instant loan amount into your bank account. It offers a 100% cashless and paperless loan journey right from application to disbursal. Users can verify their loan eligibility in two minutes by submitting their mobile number and completing the OTP verification process. It offers a flexible repayment tenure and users can select their loan duration. Applicants have to complete KYC formalities before taking the loan.
8. Finnable
Key Highlights
| Loan Amount | Rs. 25,000 to Rs. 10,00,000 |
| Interest Rates | 16% to 35.99% p.a. |
| Loan Tenure | 6 months to 60 months |
| Fees and charges | 3% plus GST |
| Best Feature | Lower EMIs with interest charged on reducing balance method |
Finnable allows you to apply for a personal loan by submitting just a few documents and by just making a few clicks. The loan amount will be disbursed directly to your bank account as fast as 2 hours. Interest is charged on reducing balance method, and due to this, the EMIs are low.
9. Privo
Key Highlights
| Loan Amount | Up to Rs 5 lakh |
| Interest Rates | Start from 9.99% |
| Loan Tenure | 3 months to 60 months |
| Fees and charges | Up to 3% plus GST |
| Best Feature | It is a very user-friendly app and makes sure that you have a seamless and efficient borrowing experience. |
The Privo app offers instant personal loans for salaried persons with a monthly in-hand income of Rs. 18,000 or more. The app can be downloaded only on an Android mobile. Loans are available for all individuals between the ages of 21 and 60. And with a minimum CIBIL ™ score of 700.
10. IndiaLends
Key Highlights
| Loan Amount | Rs. 10,000 to Rs. 5,00,000 |
| Interest Rates | 10.25% to 29.99% p.a. |
| Loan Tenure | 6 months to 60 months |
| Fees and charges | 1.5% - 6% |
| Best Feature | Compare pre-qualified loan offers from 70+ trusted lenders - all in one place. |
The IndiaLends app comes with a simple 4 step digital process for instant loan approvals and quick bank disbursals. The app has a comprehensive range of loan products making it a great option for those looking for a customized loan. The instant loan process right from approval to disbursal is quite simple and completely digital. The app has prequalified offers from 70 trusted lenders. Users have to compare the offers and select one with the lowest interest rates and processing fees. Then, they will have to fill in an application form with the required details. Sign the agreement, and the loan amount will be credited to your bank account.
How Do Loan Apps Approve Loans Without Salary Slip?
Instant loan apps use modern assessment methods to evaluate your repayment ability even when you don’t have a salary slip. Instead of relying on traditional documents, they analyse multiple digital and financial factors to determine your eligibility.
Here’s how loan apps approve loans without a salary slip:
- Bank Statement Analysis – Apps review your last few months’ bank statements to understand your income pattern, account activity, and consistency of cash inflows.
- Alternative Credit Scoring – Many apps use digital credit models that consider transaction behaviour, spending habits, and financial discipline instead of only salary documents.
- Credit Report Check – Your credit score, past repayments, and existing loans are evaluated to estimate your reliability as a borrower.
- e-KYC Verification – Quick online verification of your identity and address ensures credibility without needing physical paperwork.
- Income Source Declaration – Applicants can share basic details of their work—such as freelancing, self-employment, business income, or gig work—helping lenders assess genuine earning potential.
- Stable Account Activity – Regular deposits, controlled expenses, and a healthy balance increase the chances of approval even without a formal income slip.
- Past Borrowing Behaviour – Any previous history of timely repayments on small or app-based loans helps build trust and improves approval chances.
- Automated Digital Risk Checks – Apps use secure algorithms to detect financial stability, identify inconsistencies, and approve eligible users instantly.
Conclusion
Instant loan apps have made it easier for individuals without a salary slip to access quick financial support. By using modern digital checks - such as bank statements, identity verification, and alternative credit scoring-these platforms offer fast approvals with minimal paperwork. Whether you are a freelancer, self-employed, a gig worker, or someone who earns through irregular sources, these apps provide a convenient way to meet urgent money needs.
Choosing a reliable loan app, borrowing responsibly, and maintaining healthy financial habits will ensure a smooth and stress-free borrowing experience.
FAQs
1. Can I get an instant loan without a salary slip?
Yes, you can get an instant loan without a salary slip if you can show alternative income proof such as bank statements, regular deposits, or a good credit history. Many loan apps accept these details for quick approval.
2. Which app gives loan without income proof?
Several apps offer loans without traditional income proof. Platforms like MoneyView, PaySense, CASHe, and NIRA assess your bank activity, KYC details, and repayment behaviour instead of asking for a salary slip.
3. What is the easiest loan to get without a salary slip?
Short-term personal loans from instant loan apps are the easiest to get without a salary slip. These loans require only KYC documents, bank statements, and basic financial details for approval.
4. Can students get a loan without salary slip?
Yes, students can get small emergency loans from certain apps. These platforms often ask for an active bank account, ID proof, and regular cash inflow instead of a salary slip.
5. Can I get a loan with only Aadhaar and PAN?
Some apps allow loans with just Aadhaar and PAN when your credit score and past transactions support your eligibility. However, they may still request bank statements to confirm financial activity.