Best instant loan app without Salary slip {2023}

Best instant loan app without Salary slip:-

Several companies in the financial technology (fintech) industry is building efficient digital platforms to offer easy credit to consumers. As a result, the digital lending market is expected to grow to $350 billion by 2023. The fintech industry has created platforms that act as intermediaries between consumers and banks or NBFCs, allowing easy loan applications through smartphone apps without the need to visit a bank.

If you work in the unorganized sector, you may face situations where you need to borrow money. However, finding a loan that is affordable can be difficult and time-consuming. This article will discuss the top instant loan apps in India that have a high approval rate of over 80% and do not require a salary slip.

We have compiled a list of the best instant loan app without Salary slip {2023} (that do not require salary slip) based on the following criteria:-

  • Rate of interest
  • Maximum loan amount
  • Ease of application
  • Processing fees
  • Late fees
  • Prepayment fee
  • App Ratings (on both Google Play and the Apple App Store)

Top 12 instant loan apps in India that do not require a salary slip:-

  • MoneyTap Loan
  • PaySense Loan
  • Nira
  • Smart Coin
  • Dhani Card
  • mPokket Loan
  • CASHe Loan
  • Money View Loan
  • Navi
  • Buddy Loan
  • Lazy Pay
  • Home Credit

MoneyTap Loan:-

To get started with MoneyTap, the first step is to download the app from Google PlayStore or AppStore. After that, fill in details like age, city of residence, PAN, and income to check if you are eligible for a MoneyTap Credit Line. Complete the KYC formalities, and once approved, you can start using the funds.

MoneyTap offers personal loans up to Rs 5 lakhs with interest rates ranging from 1.08% to 2.3% per month, and borrowers can choose repayment tenures up to 36 months. One of the best things about MoneyTap is its quick approval process, which takes only four to five minutes. Additionally, its secure API and interface make it one of the best instant loan apps in India that don’t require a salary slip.

PaySense Loan:-

PaySense collaborates with well-known banks and financial institutions to provide instant personal loans online. These loans, ranging from Rs 5,000 to Rs 5 lakhs, are available to address almost any emergency. What’s more exciting is that PaySense allows individuals without a prior credit history to avail of personal loans.

The application process, documentation, approval, and disbursement are speedy. The interest rates range from 16% to 36% per annum, and the repayment tenure extends up to 60 months. Both salaried and self-employed individuals can apply for personal loans from PaySense. Recently, PaySense merged with LazyPay.


Nira is considered one of the best instant loan apps in India that do not require a salary slip due to its instant approvals, easy registration process, and availability of loans without a CIBIL score. Nira automatically assesses your credit score based on the documents you submit online.

Nira offers personal loans ranging from Rs 3,000 to Rs 5 lakhs at interest rates between 1.5% to 2.5% per month. This instant loan app also provides the option to extend your credit period if necessary, and it allows you to set up auto-debits and auto-credits.

Smart Coin:-

Smart Coin is a popular loan app that doesn’t require a salary slip as it provides easy personal loans to fulfill your urgent cash requirements. This instant loan app offers small loans of up to Rs 70,000 to underprivileged middle and low-income segments.

The key feature of the Smart Coin instant loan app is that it provides instant personal loans based on PAN and Aadhar cards alone. The interest rates range from 20% to 36% per annum. These short-term loans can be repaid between 91 and 270 days. However, for applicants without a CIBIL score, the loan amount is limited to around Rs 20,000.

Dhani Card:-

Dhani Card is considered one of the best instant personal loan apps, suitable for students, salaried individuals, and self-employed people. The app offers loans up to Rs 5 lakhs at interest rates ranging from 1 to 3.17% per month based on eligibility, loan amount, and repayment tenure.

Dhani Card also provides a credit line of up to Rs 5 lakhs at 0% interest, without linking your bank account. This feature includes access to doctors for a fixed nominal monthly fee, but the loan is repayable in three interest-free installments.

Other benefits of using the Dhani Card app include cashback rewards of up to 2% on all purchases and discounts of up to 20% on the Dhani Store for daily essentials, groceries, and household items.

mPokket Loan:-

mPokket is an instant personal loan app available on Google PlayStore, designed for students and salaried employees to help them tackle their immediate financial emergencies. The loan amount ranges between Rs 500 and Rs 30,000, with interest rates starting at 3.5% per month. Salaried individuals are required to provide their salary slips while students can apply for this instant personal loan by submitting their ID proof online.

The loan approval process is entirely online, and disbursal usually takes around 24 hours. Additionally, borrowers need not open any bank account because they can receive the disbursal to their digital wallets, such as PayTM.

CASHe Loan:-

CASHe provides a user-friendly interface, where users can upload necessary documents and complete the verification process to set their personal limits. The app allows for a single approval for multiple loans simultaneously.

Personal loans of up to Rs 5 lakhs are available on CASHe, with interest rates starting from 1.75%. Direct deposit into your bank account is available, and an auto-debit facility can be set up for easy repayments. CASHe has Buy Now, Pay Later plans with eCommerce retailers like Amazon, Big Basket, and Flipkart.

However, a decent credit score is necessary for availing of personal loan facilities from CASHe.

Home Credit:-

Home Credit is a loan app that doesn’t require a salary slip. It allows users to apply for personal loans up to Rs 2 lakhs by submitting their PAN card and another ID/address proof document. The loan amount is subject to the applicant’s credit score, but Home Credit offers personal loans even to those without any credit history.

This personal loan can be repaid over a period of 26 months at an interest rate ranging from 2.4 to 3.3% per month. It is an easy-to-use instant loan platform for individuals aged between 19 and 65 years, without the need to provide salary slips.

Money View Loan:-

Money View stands out due to its credit rating system, which helps determine the maximum loan amount a user can receive. Users can check their loan eligibility in just two minutes by submitting their mobile number and completing the OTP verification process. However, KYC formalities must be completed before the loan can be availed.

Money View offers personal loans up to Rs 5 lakhs, which are directly disbursed into the borrower’s bank account. The loan approval process is 100% cashless and paperless, with disbursal within 24 hours of approval. The interest rate is around 2% per month, with borrowers having the option to choose their repayment tenure.


Navi is an instant loan approval app that provides affordable loans to individuals in India. It charges a low interest rate of 9.99% per year on the loan amount, with repayment terms ranging from 6 years. There are no processing fees charged by the platform, making it an excellent option for those in need of emergency funds.

To apply for a loan on Navi, users can complete their profile by adding basic details such as PAN, Aadhaar, and credit score. The platform offers easy-to-repay loans based on the individual’s credit score, with loan amounts of up to Rs 20,00,000 available at a low-interest rate. The app has received 4.5-star ratings on the Play and App Store, indicating its efficiency and worthiness for users.

Buddy Loan:-

Buddy Loan is a highly reliable instant loan app in India that offers prompt personal finance loans ranging from Rs 10,000 to Rs 15,00,000 without any waiting time. It is highly efficient in processing loan requests and also offers the convenience of document pickup from your residence.

This loan app provides affordable EMI options and has flexible loan policies, making it highly accessible to users. However, the platform charges an 11.99% interest rate on the approved credit. Here are some of the pros and cons of using this loan app to help you make an informed decision.

Lazy Pay:-

LazyPay is a popular personal loan app in India that provides instant credit in just a few clicks. Its tagline is “Buy now, pay later”, which means you can use LazyPay for your current payments and get a 15-day interest-free period to pay back. You have two dates to pay the amount, the 1st and 15th of every month, and there are no hidden charges.

You can convert any credit amount above Rs. 3,000 into EMIs, and you can get a credit line of up to Rs. 5 lakhs, of which Rs. 1 lakh is transferable to your bank account. However, you have to pay a processing fee of 2% and an interest rate ranging from 18% to 25% per annum on the transferred amount. You can repay the loan amount over a maximum period of 2 years.

The late fee starts from Rs. 11.8 per day and goes up to Rs. 500 depending on the credit amount.


The personal finance market is growing, and many new players are entering the market. We have selected the best instant loan apps that are reliable and offer cost-effective loans to their users. We have discussed the interest rates, loan limits, and other details to provide better information.

Now, you have the best options for instant loan apps to use for your next loan. If you found this information helpful, please share it and leave a comment below with your thoughts.

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