How To Get Personal Loan Without Salary Slip in India
February 3, 2024 ⚊ 1 Min read ⚊ Views 37 ⚊ BLOG
When it comes to paying for expensive events like weddings, medical care, house renovations, etc., personal loans can be quite helpful. Pay stubs are a crucial source of income verification for personal loan eligibility, nevertheless. Many independent contractors, business owners, and self-employed professionals are left puzzled by this. The Centre for Monitoring the Indian Economy projects that by 2022, 83% of India’s labor force will be employed in the unorganized sector. If they don’t have pay stubs, how can they obtain a personal loan?
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.
