How To Get Personal Loan Without Credit Score in India
February 2, 2024 ⚊ 1 Min read ⚊ Views 65 ⚊ BLOG
Personal loans can be extremely useful to meet big-ticket expenses like home renovation, weddings, medical treatment etc. However, one key eligibility criterion for personal loans is income proof through salary slips. This leaves many self-employed professionals, business owners and freelancers wondering. According to the Centre for Monitoring the Indian Economy, 83% of India’s workforce operates in the informal sector as of 2022. how do they get a personal loan without salary slips?
Though most lenders insist on salary slips, getting a personal loan without them is not impossible. In this post, I will share actionable tips and alternate documentation that can help you get personal loan approval even without formal salary proofs.
Tags: Personal loan
