Freelancers Rejoice! Unsecured Loans Now Easier Without Salary Slips

• Freelancers can now get unsecured loans even without traditional salary slips, overcoming a major challenge.
• Banks and NBFCs accept alternative proofs like bank statements, ITRs (2-3 years), client contracts, invoices, and digital payment records (UPI, PayPal).
• A strong credit score (750+ is ideal) significantly increases the chances of loan approval.
• The process involves applying, submitting alternative documents, credit score check, verification, and direct disbursement.
• Be aware of potentially higher interest rates for freelancers and the crucial need for timely EMI payments.

Why It Matters: Freelancers can now easily access unsecured loans with alternative documents and a good credit score.