Personal Loan Without Salary Slip: 5 Docs & Credit Score Tips

• Personal loans are available without salary slips, with lenders accepting alternative income proofs.
• Alternative documents include 6-month bank statements, 2-year ITR, Form 16, GST returns, or income from rent/investments.
• A strong credit profile is crucial, requiring a score above 750, low debt, and no payment defaults.
• Private banks, digital lenders, and NBFCs offer these loans, focusing on regular cash flow and credit history.
• Be aware of personal loan risks: high interest, fees, potential credit score damage, and legal issues from defaults.

Why It Matters: Empowers non-salaried individuals to access personal loans.