How to Get Instant Personal Loan without Documents

Apply Now   Know More

A Personal Loan is a quick and flexible way to meet urgent funding needs. The requirement could be anything- a wedding, medical emergency, travel or home renovation. Personal Loans don’t require collateral and the repayment can be made in easy EMIs. Traditionally, Personal Loans require multiple documents to be submitted by the applicant. However, ICICI Bank offers Instant Personal Loans without extensive documentation to select applicants, making it a great choice for those who need funds urgently.

Getting an Instant Personal Loan without Documents

ICICI Bank offers Personal Loans based on your credit profile, income and relationship with ICICI Bank. These loans require minimal to no paperwork and the entire process, from application to disbursement, is completed online. You just need to verify basic details like PAN, Aadhaar and income digitally. This makes the loan approval process quick, hassle-free and ideal for emergencies.

Benefits of Availing a Personal Loan Without Documents

• Hassle-free Application Process: Since minimal or no documents are needed, you can easily apply for a Personal Loan in just a few clicks, from wherever you are.

• Time Efficient Processes: The entire loan application process, from approval to disbursement, is completed online, eliminating the need for physical visits to the Branch and minimising the time spent on physical visits, form-filling and administrative tasks.

• Enhanced Security Measures: Rigorous testing and adherence to Bank-mandated security protocols are integral to the digital lending process, assuring robust protection of your data. The technology employed ensures utmost confidentiality and safeguarding of the personal and financial information submitted by you.

Eligibility Criteria for Instant Personal Loans Without Documents

To qualify for a Personal Loan without documents from ICICI Bank, you must meet the following eligibility criteria:

• Age and Residency: You should be over 20 years of age and be a resident of India

• Employment Status: The loan is available to salaried individuals with regular monthly income and a stable job

• Credit Score: A good credit score is a prerequisite for loan approval

• Bank Account: You should have a Savings Account with any bank in India

• Current Debt: Your chances of getting loan approval are higher when your debt-to-income ratio is lower

• Considering adding a co-applicant: Adding a co-applicant might increase your chances of getting loan approval.

How to Apply for an Instant Loan without Documents

You can apply for an Instant Personal Loan without documents through the ICICI Bank website or the iMobile app. The process is quick and has minimal steps.  Log in to view your Instant Personal Loan offer and begin your application.

FAQs

Can I get a Personal Loan of ₹ 50,000 without a salary slip?

Yes, ICICI Bank offers Personal Loans without requiring a salary slip. You can apply based on your existing relationship with the Bank and your creditworthiness. Visit the ICICI Bank website or download the iMobile app. Provide necessary details like your Aadhaar and PAN and complete the application process online for quick approval.

How do I apply for an Instant Personal Loan online with ICICI Bank?

Apply for an Instant Personal Loan online in 5 easy steps:

• Click here to apply for a Personal Loan

• Enter your required loan amount

• Review your loan application details

• Accept the terms and conditions

• Authenticate your loan application and get your loan disbursed.

What is a paperless Personal Loan?

A paperless Personal Loan is one where the application process requires no physical documents to be submitted. It is easier and quicker since approval and verification are done digitally.

What is the maximum amount that I can get as a Personal Loan without submitting any documents?

Your credit score, the stability of your income and your relationship with the lender are some of the variables that determine the maximum amount that can be granted as a Personal Loan without documentation. ICICI Bank offers Personal Loans up to ₹ 50 lakh without documentation.

What are the eligibility requirements for getting a Personal Loan?

ICICI Bank offers easy eligibility and documentation requirements for getting a Personal Loan.

• Salaried applicants aged 20–58 years need to submit identity and residence proof, last 3 months’ bank and salary statements, along with PAN and Aadhaar.

• Self-employed applicants need to provide identity and residence proof, audited financials of the last 2 years, 6 months’ bank statement, office address proof, and business continuity documents.

To know the eligibility in detail, click here.

Why do Personal Loans offer faster processing?

Personal Loans are unsecured loans, which means they do not require collateral or extensive documentation. Banks often use Personal Loan offers, digital verification, and existing customer data to speed up the process. This reduces paperwork and evaluation time, allowing the loan to be sanctioned and disbursed quickly. Know about the detailed documentation here.

What is an Instant Personal Loan without documents?

An instant Personal Loan without documents is a digitally approved Personal Loan offer made to eligible customers. These customers are mostly salary account holders or those with good credit history. As the bank already has verified details like income and KYC, no additional paperwork is required. This offers a faster, hassle-free alternative to traditional loans. 

Apply Now   Know More