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  • How to get Personal Loan without Documents is Rated as "Great!" by 90334 Users
    Personal Loan BYTES FROM OUR KITCHEN
    rated 4.0/5.0 by 90334 users

    How to get Personal Loan without Documents

    What is personal loan?

    A personal loan is an unsecured debt that can be taken for emergencies as well as reasons such as education expenses, home improvement, or for making a major purchase. Personal loans are unsecured as there is no collateral required. A personal loan is usually within a short span of one to five years. The repayment options are flexible, and are decided by the lender based on the borrower’s credit history. Loan repayment is done every month via EMIs through post-dated cheques or directing your bank to debit the EMI by ECS (Electronic Clearing Services). Personal loans require fewer documents than other loans.

    Getting a personal loan without documents:

    Few financial institutions consider giving a home loan without documents and income proof, purely based on customer persona and relationship. If you have a good relationship with the bank based on your timely payments and clear credit records, then the bank may offer you a personal loan based on the details already available with the bank.

    Following are some of the things you can follow in order to avail a documentation-free personal loan:

    • Establish a good relationship with your bank by remaining loyal to it for all financial, and non-financial services. This helps in building trust with the bank which then decides your loan eligibility as well as your repayment capacity. If you are applying for a personal loan at the same bank, where your main operating account is located, it becomes easier for the bank to consider you eligible for a personal loan. As the bank is fully aware of all the transactions being made on your account, it helps them assess your creditworthiness.
    • Pay all your dues on time with the bank, if you are holding a credit card with the bank. Paying all your credit card bills on time, puts you at a higher chance of availing a personal loan with the bank.
    • Do not miss any payments associated with the bank, where you are applying for a personal loan. A missed payment is a sign of incapability of handling finances and therefore, banks, and lenders would ask you to provide a solid proof of income.
    • Maintain a high credit score as it helps in building faith with the lender that you are a safe customer.
    Apply for Personal Loan

    Banks like Citibank allow you to take personal loans of up to Rs.30 lakh in a span of 48 hours, without any documentation such as income proof, and address proof, provided your residence and office address is updated in the Citibank account. A personal loan, free of documentation, is a dream for most borrowers. With everything going online, from application to approval, documentation merely seems like a time taking step, which may be avoided in some exceptional cases.

    Personal Loan Reviews

    • Bajaj Finserv Personal Loan
      "Process is good, but high on charges"
      0.5 5.0/5 "Blown Away!"
      I got a over draft loan from Bajaj Finserv. The customer services are good and there were no issues to get the loan through. They have a limit for a customer and the customer can use the loan as much as needed. The rate of interest and charges are high when compared.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 17, 2018
    • HDFC Bank Personal Loan
      "Process is easy"
      0.5 4.0/5 "Great!"
      My personal loan is with HDFC Bank and the process was easy as thee was minimal documentation. The rate of interest and processing charges are normal. I have no hassles in the after loan services too. Being an existing customer there is no issues with the bank.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 17, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have taken my personal loan with ICICI bank 4 years back.The loan amount was 4 lakhs and the Interest rate was 16%which is very high than other banks.The tenure period was 48 months. The loan process was every good which is satisfactory . They have provided door step service for collecting documents .
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      BANK BAZAAR is a good platform for all the financial products . The customer service and responses was satisfactory . The website was really amazing with good features and I have tried using the tools like EMI calculator , credit score option which is amazing.My overall experience was excellent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with TATA CAPITAL.. The loan amount was lakhs and the Interest rate was 11.99% which is avergae . The customer service and responses was good. The tenure period was 5 years . I am satisfied with the loan process here and my overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with TATA CAPITAL.. The loan amount was lakhs and the Interest rate was 11.99% which is avergae . The customer service and responses was good. The tenure period was 5 years . I am satisfied with the loan process here and my overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 2.0/5 "Expected more"
      Before, I have taken the personal loan with the HDFC bank.Customer service was not good one with the HDFC bank. I would like to say that the processing charges is on higher end. Everything is good one with the HDFC bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 17, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      BANK BAZAAR is a good platform for all the financial products . The customer service and responses was good. I am approaching for the second time. The website is easy to navi9gate and user friendly . The web-portal's accuracy and speed is good.My overall experience was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 17, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan with CITI bank .The loan amount was2 lakhs and the tenure period Interest rate was 12.99% which is average in the market. The tenure of the loan was 3 years . The loan process was good and easy . They have provide door step serve for collecting documents. My overall experience was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 17, 2018
    • Axis Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      I have also taken my personal loan from Axis bank. It was also convenient process and I got the loan on time. The customer services are good and there were no issues in getting the funds. The interest rate and processing charges are on the higher side. The after loan services are also good and comfortable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Vijaya Bank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      Vijaya bank told to open an account for the Personal loan, only they were looking authorized person then loan documentation went well. I took the loan of Rs. 3 lakhs without any pressing fee but they took bond paper around Rs. 500 from the disbursal amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I got preapproved loan within a week they collected limited documents, the customer care have done disbursed the amount on time. I was taken the amount around Rs. 1.89 I applied for Rs. 2 lakhs. Interest rate charged me on 14% per annum, processing and insurance was Rs. 3000 from the disbursement.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • HDFC Bank Personal Loan
      "Process should be improved"
      0.5 4.0/5 "Great!"
      One year back I closed HDFC loan, the loan process taken some time. Their executive came and collect the papers, I took the loan amount of Rs. 3 lakhs it has tenure of 5 years. I make auto debit payment, its going well without any difficulties. Interest rate is also nominal as other loan products.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • Axis Bank Personal Loan
      "Looking for better interest"
      0.5 5.0/5 "Blown Away!"
      Almost I paid all my AXIS personal loan due, they charged me 18% of interest it was high. Though I am existing customer of the bank they didn't reduce the interest. As per their norms they have charged the interest. I took the loan amount of Rs. 1.20 lakh for the tenure of 4 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 16, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank,The loan amount is one lakh,the EMI amount is 4800,its been two months since i have taken this loan.The rate of interest is 16% nominal as compared to others.The tenure is for three years.They have deducted a minimum charges processing fees.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 16, 2018
    • Axis Bank Personal Loan
      "Good Loan"
      0.5 4.0/5 "Great!"
      When in need of a Personal Loan, The Axis Bank were readily there to pitch in with the offer. They gave me the Loan immediately. Their interest rate is alright. The repayment happened easily without much fuss about it. The overall experience with it has been good.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 16, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      I had taken my personal loan through bankbazaar.com for a first time. I came to know about the website through internet. The process was immediate and quick. The customer service was good. I have installed the mobile application and then I logged in. It was easy to access.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • ICICI Bank Personal Loan
      "Better"
      0.5 3.5/5 "Pretty good"
      I took my personal loan from ICICI Bank through online portal. It was a good experience. They charged more interest rate and the processing was 760 rupees. The documents are submitted online and its a paperless approval. They have disbursed the loan amount on the committed time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • Kotak Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience from Kotak Mahindra Bank on my personal loan. The interest rate was good and they charged a nominal processing fee. I got lesser amount than what I had applied for. The documentation process was good and collected at doorstep.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • Bank Bazaar Personal Loan
      "Good platform"
      0.5 4.5/5 "Excellent!"
      This was my second time experience with bankbazaar.com. Earlier I took my credit card. The process was immediate and quicker compared to the banks. The customer service and response was satisfactory. I have used the mobile application which was pretty easy to access.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 16, 2018
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