Short answer: Branch says it needs no salary slip. Loans against gold or mutual funds need no income proof at all. Self-employed borrowers can use apps that accept bank statements instead of payslips.
Last verified: 12 October 2026 from each lender’s official website and, where marked, its Google Play listing. FundsTiger does not rank lenders; tables are sorted by the figure in question, and the right choice is the one with the lowest APR you are actually offered.
| Option | What it needs instead | Starting rate | Amount |
|---|---|---|---|
| Branch | No salary slip; credit and phone data reviewed | 12% to 66% a year (Google Play) | Up to ₹5 lakh |
| Kissht | PAN, Aadhaar, bank statements (self-employed accepted) | From 1% a month (12% a year) | ₹15,000 to ₹5 lakh (website) |
| Olyv (SmartCoin) | Consistent income, salaried or self-employed | From 1.5% a month (18% a year); Google Play example uses 3% a month | Up to ₹5 lakh |
| Gold loan (e.g. Muthoot, Manappuram) | Gold jewellery; KYC only, no income proof | From about 9% a year | From ₹1,500 |
| Loan against mutual funds (e.g. Volt Money, Mirae Asset) | Pledged fund units; no income proof | From about 9.5% to 10.5% a year | From ₹10,000 |
| mPokket | Proof of income, which can include part-time earnings | Risk-based: 27% to 36% for ₹1,000 to ₹5,000 | ₹1,000 to ₹2 lakh |
Why secured options are often cheaper
Without a salary slip, an unsecured lender takes more risk and usually charges more. Branch’s rates run from 12% to 66%. Pledging gold or mutual funds lowers the lender’s risk, so rates start near 9% to 10%, with no credit score or income checks at some lenders.
Compare them side by side
Kissht vs KreditBee · mPokket vs KreditBee · LazyPay vs Kissht · Muthoot Finance vs Manappuram Finance · Muthoot Finance vs IIFL Gold Loan · SBI Gold Loan vs Muthoot Finance · Olyv (SmartCoin) vs KreditBee · Branch vs KreditBee · Rupeek vs Muthoot Finance · Muthoot FinCorp vs Muthoot Finance · HDFC Bank Gold Loan vs Muthoot Finance · Kotak Gold Loan vs Muthoot Finance · All comparisons
Before you apply
- Find the lender’s name in the app and check it on RBI’s list of digital lending apps or our RBI-registered NBFC search.
- Read the Key Fact Statement (KFS) before you accept. It must show the APR, every fee and the total you will repay.
- Never pay a fee before the loan is disbursed. Regulated lenders deduct fees from the loan or add them to the EMI.
- Apply to one or two lenders, not ten. Each application is a hard enquiry on your credit report.
- Check that the EMI fits your budget with our FOIR calculator.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Can I get a loan without income proof?
Gold loans and loans against mutual funds do not need income proof. Unsecured loans almost always need some proof, such as bank statements.
Is it safe to use apps that need no documents?
Only use apps that lend through an RBI-regulated lender. Check the lender on RBI’s list of digital lending apps, and never pay a fee before disbursal.
More guides: Which Loan App for Self-Employed · Which Loan App Without a Salary Slip · Which Loan App for First-Time Borrowers · Which Loan App for Low CIBIL Score · Which Loan App Has No Foreclosure Charges · Which Loan App Has the Lowest Processing Fee · Which Loan App Has the Lowest Interest Rate · Which Loan App Gives the Longest Tenure · Which Loan App for a Short-Term Loan · Which Loan App Gives a Credit Line · Which Loan App for ₹1 lakh · Which Loan App for ₹2 lakh · Which Loan App for ₹5 lakh · Which Loan App for ₹10 lakh · Which Loan App for Age Above 55 · Which Gold Loan App · Which App for Loan Against Mutual Funds · All guides
Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.