How to take Loan In India Without Documents: If you want to know how to take a loan without documents then I think you have entered a good website. Gone are the days when people had to put up some collateral like property or gold ornament mortgage to get an instant loan without documents. Now without such a PAN card or bank statement, the applicant can get an instant loan with some basic details.
There is a lack of financial knowledge among people about upgraded products in the market. Since most people do not know that there are some banks and NBFCs that offer instant loans without documents, based entirely on the personality of the customer.
A personal loan, documentation free, is a dream for most borrowers. With everything from application to approval going online, documentation seems to be just a step away from what some lenders are avoiding.

Instant Loan Offers of Banks and NBFCs: How to take Loan In India Without Documents
The proposed loan amount and interest rate for instant loans are based entirely on the applicant’s profile such as credit score, income, qualifications, etc. Below are the generic details of loan offers offered by banks and NBFCs.
NBFCs/P2P Lenders | Rate of Interest (p.a.) | Processing Charge |
Qbera | Up to 35.99% | Up to 5.00% of the loan amount |
MoneyTap | Up to 24.03% | Up to 2.00% + GST |
Kreditbee | Up to 18% | N/A |
Paysense | Up to 27.6% | Up to 2.5% of the loan amount |
Tata Capital | 11.25% | Up to 2.5% + GST |
Cashe | Up to 36% | Up to 3% of the loan amount |
Flexsalary | Up to 36% | ₹ 650 /- |
Earlysalary | Up to 32.00% | N/A |
Loantap | Up to 24% | 2.00% + applicable Taxes on the Loan |
Cashbean | Up to 15.30% | 0.51% of the total loan amount, Minimum of ₹ 500/- |
Indiabulls Dhani | 13.99% | 3% Onwards |
Money view | 16.00 % | Starting from 2.5% of the approved loan amount |
Shubh Loans | Up to 24% | N/A |
Faircent | Up to 28.00 % | Up to 8.50% of the loan amount |
Lendbox | Up to 25.00 % | Up to 6.00% of the loan amount |
MI Credit | 16.00 % | 1.99% + GST |
Realme PaySa | Up to 36% | N/A |
Cashkumar | 18.00% to 24.00% | ₹ 2,000 or 4% of the loan amount (excluding taxes) |
RedCarpet | Up to 36% | For Term Loan: 2.00% per month or minimum ₹ 100 + GSTFor Card: ₹ 750 + Taxes (GST) |
Indifi | 22.00% onwards | Up to 2.00% |
Aditya Birla Capital Limited | Starting at 14.00% | 2.00% + applicable Taxes on the Loan |
IIFL | Up to13.00% | Up to 2.00% + GST |
Shriram finance | Up to 23.00% | 2.5% of the loan amount + applicable taxes |
Fullerton India | Up to 20.00% | Up to 6.50% |
Bajaj Finserv | Up to 12.99% | Up to 3.99% of the loan amount |
Instant Loan Without Documents in India Eligibility Criteria: How to take Loan In India Without Documents
An applicant must meet certain criteria to get an instant loan without documents although it may differ from lender to lender. Here are the general eligibility criteria for instant loans.
- The applicant should be a salaried professional with a regular source of earnings.
- If in case an applicant is self-employed professional and businesses, he/she can also acquire instant.
- The applicant’s minimum age should be 23 years.
- An applicant’s maximum age should be 60 years to be eligible for an Instant Loan.
Also, the CIBIL score is one of the main factors that influence the decision of the lenders as to whether or not to approve the loan application. Your credit behavior and track records from past lenders and credit card issuers are captured on a CIBIL score. When verifying eligibility for an instant loan, lenders will look at the full CIBIL report, which includes all additional past ongoing loans and payment track records on loans and credit cards.
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Thus, the CIBIL score is the most important factor that defines the eligibility for instant loans without documents. The higher the credit score, the more likely it is that your loan or credit application will be approved. Nevertheless, a low CIBIL score will lower your eligibility for instant credit.
Instant Loan Without Documents in India EMI Calculator: How to take Loan In India Without Documents
In instant loans, EMI or equal monthly installments are considered to be the most important factor. EMI is an acronym for Equated Monthly Installment. This is the amount that a borrower has to pay over the term of the loan. Simply put, EMI is a significant portion of the outstanding amount i.e. the principal and the interest earned payable per month. Although manually calculating EMI is not everyone’s cup of tea, technology has made almost all difficult tasks easier.
So, technology has come up with a gift for you which is an instant loan EMI calculator. And the best part is that almost every lender offers the freedom to use the free online personal loan EMI calculator.
In general, the EMI calculator involves three basic steps:
- Step 1: Visit the online EMI calculator.
- Step 2: Enter the rate of interest, loan amount, and loan repayment tenure.
- Step 3: The result will display on the screen.
How to Apply for an Instant Loan Without Documents in India at Afinoz? How to take Loan In India Without Documents
You can easily apply for an instant loan with Afinoz. It is a financial platform that has tie-ups with various lenders that provide instant loans based on the personalities of the customers. So, if you face any difficulty in getting an instant loan without documents, go with the Afinoz app. Here are some steps to apply for a simple loan:

- Step 1: Download the Afinoz App from the Google Play Store.
- Step 2: Sign up for the account.
- Step 3: Click on the personal loan apply button.
- Step 4: Choose the type of employment.
- Step 5: Enter the company name you are working for.
- Step 6: Provide the details like working tenure, salary, existing monthly installments (if any), the required loan amount, and the mail id.
After providing all the necessary details, a message regarding eligibility will appear on the screen. And the Afinoz team will contact you if you qualify for the loan.
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Instant loan without documents- Customer Care: How to take Loan In India Without Documents
There are various banks and NBFCs those offers instant loan. Here are some of the customer care numbers:
Lender | Customer Care No. |
TATA Capital | 18602676060 -How to take Loan In India Without Documents |
Bajaj Finserv | 9810852222- How to take Loan In India Without Documents |
Capital First | 18605009900 – How to take Loan In India Without Documents |
Citi Bank | 18602102484 – How to take Loan In India Without Documents |
Indiabulls Dhani | 18604193333 – How to take Loan In India Without Documents |