How to Get a Personal Loan Without Pan Card and Salary Slip?

You can apply for a personal loan when you need quick money. Several emergencies can pop up in daily life for which you may need funds, including education, house renovations, or other major purchases. However, you must repay instant personal loans within five years.

Most lenders have flexible repayment options and schedules for personal loans. However, lenders decide how much loan you can avail of and repayment options only after evaluating your financial stance.

Eligibility Criteria for Getting a Personal Loan

Personal loans are unsecured, which means that banks and other financial institutions may lend them without asking for collateral. However, you will still need to meet some requirements to get a personal loan online. Now, though, these requirements vary, depending on the lender. You will need to meet these criteria to get a personal loan.

  1. You must be at least 21 years.
  2. You must be employed or self-employed and earn a certain minimum income.
  3. Your credit score must be at least 750.
  4. An identity proof, such as Aadhar and PAN card, Passport, utility bills, or bank statements.

Getting an Instant Personal Loan Without Documentation

While you usually need to provide a set of documents for verification when availing of an instant personal loan online, some financial institutions may lend you money without asking for it. So, here’s what you can do to get a personal loan without any documentation.

Establish a Good Rapport with the Lender

Some banks and financial institutions may give you a personal loan without documentation if you have been a loyal customer. The trust you build over the years with a bank can go a long way in them considering you a loyal customer and eligible to lend you money without going through standard processes.

Repay Your Loans in Time

Banks and other lenders may also give you an instant personal loan without documentation if you have a good repayment track record. So, be sure to pay your bills on time.

Have a Good Credit Score

Banks also look at the applicant’s credit scores when giving out personal loans. So, make sure you repay all you borrowed and maintain a good credit score.

Getting an Instant Personal Loan without a Pay Slip

Banks and NBFCs ask for your salary slip when applying for an instant personal loan. The salary slip lets them know about your income and employment status and gives them an idea of whether you can repay the loan. However, as mentioned earlier, some banks may lend money without documentation.

So, if you don’t have a valid salary slip to offer, you can also provide these documents and get a loan.

Form 16

Every salaried individual gets a Form 16 from their employers, which they should provide when filing their income tax returns. Form 16 contains all the information related to income tax returns, including salaries paid, taxes collected, deductions, alternative sources of income, and the like.

You can submit Form 16 in place of your salary slip when you apply for an instant personal loan since it contains all the relevant details.

You can download Form 16 by visiting the official Income Tax website and following these steps.

  • Visit the official income tax website.
  • Select the ‘Forms / Downloads’ menu, and click ‘Income Tax Forms’ from the drop-down.
  • Scroll down to find ‘Frequently Used Forms,’ and click ‘Form 16.’
  • Click on the appropriate options and download the form.

Proof of Alternative Income Source

Loan applicants can also submit documents as proof of alternative income sources. These may include income from rent or business, interest income, and capital gains.


Personal loans are unsecured, and you don’t usually need to submit collateral to get them. However, you can provide collateral if you cannot produce a salary slip or proof of income.


You can also have a guarantor sign the papers. However, you must ensure that your guarantor submits income proof and other documents.

Getting an Instant Personal Loan without a PAN Card

Submitting your PAN card when applying for an instant loan is mandatory. However, you can avail of loans without needing your PAN details.

Avail of Personal Loans of Up to Rs. 50,000

You can get personal loans of up to Rs. 50,000 without needing to submit your PAN card or income proof, which means you can apply for an instant loan of up to Rs. 50,000 without needing to submit your salary slips.

Bank Statement

You can get personal loans even if you don’t have a salary slip if you can provide your bank statements for the previous three months. Banks will use your previous statements to verify your income and if you are eligible for the loan. However, you will still need to submit your PAN card, or banks won’t disburse the loans.

Other Documents

You can also provide other documents in place of your PAN card to get a personal loan. These may include utility bills and alternative income proofs. Similarly, you can also let the lender know of your excellent loan repayment track record.


Always make sure that you check the eligibility criteria when applying for an instant personal loan. Also, check if it is mandatory to provide your PAN details, as most lenders ask for them. However, if you need a loan without documentation, you can always ask someone to be your guarantor and have them submit the documents. Most banks also give out personal loans if you have a good credit score or debt-to-income ratio. The debt-to-income ratio shows how well you can repay your loans depending on your current income status. So, make sure you repay your loans and pay your credit card bills in time if you have one to get a loan.

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