This reduces the risk for the lender who may then offer a loan without salary slip. While applying for a loan, you can offer to provide collateral as security. Having a high CIBIL score indicates that you are a responsible borrower.
If your score is above 750 and you are unable to provide a salary slip, the lender may still offer you a loan. If there’s one factor that determines your creditworthiness, it is your CIBIL score. Remember, if the lender is convinced of your repayment ability, you will be able to get a loan easily even without the necessary documents. If you and the lending company have a good professional relationship, you may not have to provide a salary slip. Documents such as IT returns, bank statements, or even an income certificate will suffice. While you may not have a salary slip, there are still others documents that work as an alternate proof of income.
Here are some options through which you can easily get a loan even without proof of income. 6 Ways to Get Instant Cash Loan Without Salary Slip The good news is that you can still get an instant loan without salary slip. Most lenders require an extensive list of documents before approving a loan which includes a salary slip. 5 Easy Ways to Get a Loan Without Salary Slip
