• Instant Loan Without Documents – Myths Debunked

    ‘Instant loans without documents’ is one of the most searched queries on the public domain. There is no denying the fact that documentation processes can be very tiring and unnecessarily lengthy. However, you should be informed about the fact that ‘Instant loans without documents’ is nothing but a myth. There are no lenders who will offer you a personal loan without any documentation. In this article, we will look deeper into this topic.

    Can I actually get an instant loan without providing documents?

    As mentioned earlier, no, you cannot avail a loan without providing documents. No matter which lender you choose to avail an instant loan from, you will have to go through the documentation process. There are lenders who will offer loans against soft copies of your documents and that is all.

    What are pre-approved instant loans?

    You cannot avail an instant loan without going through the documentation process. However, there is another possibility. If you have an existing relationship with a bank and you have a good history, there are chances of a pre-approved loan being offered to you. Pre-approved loans are also instant personal loans and it does not require you to go through the process of documentation.

    In most cases, when you are pre-approved for an instant loan by your bank, the bank will not ask for further documentation. What needs to be noted here is the fact that your KYC is already done with the bank. This means that the bank already has all the necessary details which it needs. It finds you eligible for the instant personal loan and that is the sole reason that documentation is not required in these cases.

    Some of the most popular banks such as HDFC Bank, and Axis Bank offer such pre-approved instant loans. When your bank has a pre-approved loan offer for you, it will notify you. All you will be required to do is log in to your internet banking profile or the mobile banking profile or mobile phone application (this process may vary from lender to lender) and accept the loan offer. These loans are usually instant loans and can be approved and disbursed within as less as 3 seconds.

    Instant loans through online documentation

    There are a number of small application-based lenders who offer instant personal loans through their mobile phone applications. In these cases, the lenders usually ask for the soft copies of your documents. You will be required to scan the documents and upload the same at the time of application. These documents are verified by the lender and the loans are approved accordingly.


    Thus, it can be safely concluded that the idea of getting an instant loan without documents is just a myth. You can get pre-approved instant loans without documents but for availing a loan otherwise, you will be required to go through the documentation process.


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