Looking for a personal loan without income proof? Here’s everything you need to know
6 days, 1 hour ago

Looking for a personal loan without income proof? Here’s everything you need to know

Live Mint  

Unexpected costs can arise at any time, as life is full of surprises. In this article, we’ll explore practical strategies for securing a personal loan without needing income verification. Options for personal loans without income proof If you're seeking a personal loan but prefer not to provide proof of income, there are options available. Eligibility of personal loan without income proof The absence of income documentation for loan eligibility makes lenders consider the following: Credit score. In conclusion, getting a personal loan without income verification requires careful preparation and consideration of other options.

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Personal loan approval: How does your salary influence the decision? Find out
1 week, 2 days ago

Personal loan approval: How does your salary influence the decision? Find out

Live Mint  

If you want to get a personal loan, your employment as well as your income plays a major role in making your application eligible for the loan. Let us understand the role of your salary in loan approval of personal loans: Importance of gross income Gross income is the total income earned before the deduction of taxes which is an …

Instant Personal Loan: How to get approved without documents? A complete guide
1 week, 6 days ago

Instant Personal Loan: How to get approved without documents? A complete guide

Live Mint  

Even with personal money, convenience is the order of the day in today's fast-paced world. Introducing fast personal loans without documentation, a revolutionary way of quickly and efficiently accessing finance. Instant personal loans can be termed short-term financing opportunities that provide users with immediate money access. Features of getting an instant loan without documents Smooth application process: These loans are …

Can students without income apply for personal loans? A complete guide
2 weeks, 6 days ago

Can students without income apply for personal loans? A complete guide

Live Mint  

Securing a personal loan as a student can be a practical solution to manage unexpected expenses or cover various personal costs. Whether you're facing immediate expenses or need extra financial support, understanding the ins and outs of student personal loans can help you make informed decisions. Students without a steady source of income may be eligible for immediate personal loans …

Interest free personal loans: From benefits to eligibility; all you need to know
2 weeks, 6 days ago

Interest free personal loans: From benefits to eligibility; all you need to know

Live Mint  

Life has a funny way of throwing unexpected expenses at you. Benefits of interest free personal loans Instant access to purchases: These loans are the best for urgent financial requirements because they enable you to buy what you need immediately. Drawbacks of interest free personal loans Reduced financial stress: You will have a low credit score but also increased financial …

Top 5 myths about personal loan eligibility you need to stop believing
3 weeks, 3 days ago

Top 5 myths about personal loan eligibility you need to stop believing

Live Mint  

Personal loans are one of the most popular forms of credit which are opted by people if they are in need of quick cash and want to cover their financial needs temporarily. Personal loans offer instant loan disbursement and flexible repayment period which becomes a great choice if you are in an emergency and want financial assistance. If you do …

Struggling to get a personal loan? Here’s how to improve eligibility
3 weeks, 6 days ago

Struggling to get a personal loan? Here’s how to improve eligibility

Live Mint  

Major requirements in terms of finance will be changed with a high-value personal loan. Personal loans are flexible for all purposes, such as debt consolidation, emergency medical care, home improvement financing, and dream vacation planning. Personal loans typically carry higher interest rates compared to other types of loans. Key factors influencing personal loan eligibility They base a number of factors …

How to get a personal loan if you don't meet eligibility criteria? Here are 8 easy steps
4 weeks, 1 day ago

How to get a personal loan if you don't meet eligibility criteria? Here are 8 easy steps

India TV News  

Getting turned down for a personal loan can be frustrating, but not meeting the right standards doesn’t mean all hope is lost. Banks and financial institutions check a variety of factors such as your credit score, income, existing debts and documents before approving a loan. Consider low-cost loans If your income or credit score can’t support the amount of loan …

Struggling with no job? Here’s how to get an instant personal loan
1 month ago

Struggling with no job? Here’s how to get an instant personal loan

Live Mint  

Personal loans are a great option if you want quick access to funds in order to cover your expenses for a while. However, instant personal loans offered to unemployed individuals may attract higher interest rates and low principal amounts because of the risk involved for the lenders. How to secure an instant personal loan when unemployed Choose the right lender: …

Personal loan for self-employed: What are the eligibility criteria, interest rates, and documents needed?
1 month, 1 week ago

Personal loan for self-employed: What are the eligibility criteria, interest rates, and documents needed?

Live Mint  

While availing a personal loan is typically a hassle-free process for salaried individuals given the regular nature of their income, self-employed persons have to go through the rigour of convincing the lender to get the same. Lenders require self-employed persons to have a minimum income, which can vary by location, and the necessary financial documents that show stability of income, …

Personal loan for self-employed: 7 key tips to follow to overcome challenges
1 month, 1 week ago

Personal loan for self-employed: 7 key tips to follow to overcome challenges

Live Mint  

If you are short of funds, it is acceptable to explore the prospect of raising a personal loan to meet your needs. Typically, before banks disburse a personal loan, they examine the past few months' salary slips and CIBIL score. Shorter tenure: Banks may usually offer shorter loan repayment tenures to self-employed borrowers, thus leading to higher instalments. Reconciling actual …

Personal loan application: What are the documents required for a personal loan?
Trending News
1 month, 3 weeks ago

Personal loan application: What are the documents required for a personal loan?

Live Mint  

Are you planning something significant in your life, such as a wedding, remodelling your home, or that long-awaited bucket list vacation? However, before applying, however, you'll need to provide the following documents to the lender: In this article, we will examine the key documents required for a personal loan. Documents required for applying personal loan To ensure a fast and …

Personal Loan EMIs: A borrower’s guide for a smooth repayment strategy
Trending News
1 month, 3 weeks ago

Personal Loan EMIs: A borrower’s guide for a smooth repayment strategy

Live Mint  

A personal loan is a flexible financial option that facilitates quick access to funds for home improvements, meeting medical emergencies, travelling, or educational purposes. Unlike home or auto loans, personal loans do not require collateral but frequently have higher interest rates. In the early periods of the loan, a larger amount of your EMI is dedicated to interest, and the …

What is a personal loan? A comprehensive guide for first-time borrowers
1 month, 4 weeks ago

What is a personal loan? A comprehensive guide for first-time borrowers

Live Mint  

Personal loan loans are flexible financial options that can be availed in pursuit of different goals of life such as paying an emergency medical bill, funding home improvements or realising that special dream vacation. Important factors to consider before taking personal loans 1.Loan terms and conditions: Before taking a personal loan, always read the fine print. 2. Credit score: It …

Personal loans: What is an instant loan? All you need to know
2 months, 4 weeks ago

Personal loans: What is an instant loan? All you need to know

Live Mint  

Instant personal loan is a type of unsecured loan which gives quick access to money with minimal documentation and fast approval, sometimes within minutes or a few hours. Instant personal loans are generally offered by banks, non-banking financial companies, or fintech lenders and are quite handy to address short-term financial needs, which include but not limited to medical emergencies, travel, …

Want To Get A Personal Loan? Know The Documents Required
1 year, 2 months ago

Want To Get A Personal Loan? Know The Documents Required

ABP News  

With the festive season in full swing, we can often find ourselves short on liquidity to meet the seasonal expenses. A personal loan is a great way to get help in meeting individual financial needs such as weddings, travel, medical expenses, higher education, home renovation, and many other things. Income Proof Whether you are a salaried employee or a self-employed …

When must you not rush to apply for personal loans? MintGenie explains
1 year, 11 months ago

When must you not rush to apply for personal loans? MintGenie explains

Live Mint  

How often do we hear that people with no money find it difficult to secure a loan whereas those with enough monetary investments or assets can easily obtain a loan? Sometimes, spending beyond a certain limit using your credit card can land you in debt, thus, prompting you to seek a personal loan to repay the debt amount. Having a …

Take a personal loan only for an emergency, but compare the rates first
4 years, 7 months ago

Take a personal loan only for an emergency, but compare the rates first

Live Mint  

Personal loans are one of the most expensive categories of loans you can avail of. In fact, you might have received a few calls offering instant personal loan because you have been a loyal customer to your bank. However, if you opt for a personal loan, expect to pay an interest rate of anywhere between 9% and 20% per annum. …

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