There are a few banks that offer loan products without salary such as Bajaj Finserv, ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank. These banks offer loans such as Personal Loans, Business Loans, Credit Cards and Home Loans. However, the eligibility criteria vary from bank to bank and the loan amount is also dependent on the credit profile of the borrower.
Eligibility Requirements for a Loan Without Salary:
• Good credit history
• A steady source of income
• Proof of identity
• Proof of residence
• Bank statements for the past 6 months
• Proof of income (such as IT returns or salary slips)
• Collateral (for secured loans) • A guarantor (for unsecured loans)
The Best Banks to Get a Loan Without a Salary:
Bajaj Finserv: Bajaj Finserv offers flexible loan options for customers with no salary. You can apply for Personal Loan, Business Loan, Home Loan, Credit Card or Loan against Property.
ICICI Bank: ICICI Bank offers Personal Loans, Home Loans, Credit Card and Business Loans to customers without salary.
HDFC Bank: HDFC Bank offers Personal Loans, Home Loans, Credit Card and Business Loans to customers without salary.
Axis Bank: Axis Bank offers Personal Loans, Home Loans, Credit Card and Business Loans to customers without salary.
Kotak Mahindra Bank: Kotak Mahindra Bank offers Personal Loans, Home Loans, Credit Card and Business Loans to customers without salary.
How to Apply for a Loan Without Salary:
• Visit the website of the bank and fill out the application form.
• Provide the necessary documents such as identity proof, address proof, income proof and bank statements.
• The bank will verify your documents and process your loan application.
• Once approved, the loan amount will be disbursed to your account.
Tips for Getting Approved for a Loan Without Salary
• Maintain a good credit score.
• Provide a steady source of income.
• Have a good repayment history.
• Provide collateral or a guarantor.
• Check the eligibility criteria of the bank before applying.
Conclusion:
It is possible to get a loan without a salary from banks such as Bajaj Finserv, ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank. However, you must meet certain criteria such as good credit score and a steady source of income to be eligible for such loans. Additionally, you must also provide collateral or a guarantor for unsecured loans.