Instant Loan without documents

Applying For Instant Loans Without Documents – The Ultimate Guide

Have you considered borrowing a personal loan for your urgent cash needs? Do you have an idea about how personal loans work and what their eligibility criteria are? Do you know about their interest rates and how you can apply for an instant personal loan online? If the answer to any of these is no, you are probably among the population that is hesitant of borrowing loans because of the preconceived notion of high interest rates, piles of paperwork, collateral to be submitted, and other lending-related myths. These are age-old concepts and with the entire world changing at such a fast pace, even the borrowing scene has witnessed a huge shift. 

A personal loan is not like the other loans that can be borrowed from the bank. This type of loan is simpler to borrow and repay and can also be applied for online without much hassle. This loan is common among the younger generation due to its easy availability, lower interest rates, and shorter repayment durations. Not much paperwork is required and hence you can apply for an instant loan without documents from the comfort of your homes. If you are new to the concept of personal loans or wish to know how an instant personal loan without documents can be borrowed, this article is the right place for you. 

In this article, we will share with you the basic details about borrowing personal loans, what personal loans are and what are your options for borrowing the same, and how to apply for an easy instant loan without documents. You must read ahead to find out this information and more as for your convenience we have also answered a few commonly asked questions and provided you with almost all important details about an instant loan without documents online as well. 

What Is Loaney And How Does It Work?

As the world was hit by a global pandemic, it was nearly impossible to leave home without the risk of getting infected by a life-threatening disease. This period saw almost all the major services being made available online for the convenience of the customers and also to reduce the risk for the users and service providers. Also, in the past few years, banking services did make a considerable shift to the online world owing to the advancement in technology and internet services. Similarly, loan borrowing and lending has made an impact online, thus making the process of applying for loans hassle-free. A lot of online platforms and internet banking services offer instant personal loans. One of the most trusted names for an instant loan without documents is Loaney. 

Loaney is an online platform that offers its clients an easy instant loan without documents. The platform offers a very low-interest rate and easy and short repayment tenure. Minimal paperwork is required and you can apply for an instant personal loan without collateral or guarantor. You do not need to present a reason for borrowing and can get your instant personal loan approved within a few clicks.

Loaney is dedicated to user confidentiality and carefully handles the information provided by you while applying for an instant loan without documents online. The platform is known for its hassle-free experience and pre-generated repayment plans for its users. One of the most intriguing features of Loaney is that you can even borrow a small amount and repay it within a small period of time. 

What Is An Instant Loan?

Gone are the days when you would queue up outside banks with a heavy bag of files to just see if you are eligible to apply for a loan for a specific need, that might have has a high interest rate and need collateral and a guarantor. Instant Personal Loans are a solution to the problem of your loan applications being rejected due to lack of collateral or the absence of a guarantor. 

An instant personal loan is an unsecured debt that can be borrowed online as well as offline. This type of loan is usually offered at a low interest rate and for a shorter duration of repayment. There is no requirement of collateral or guarantor for this loan. An instant personal loan without documents can also be applied for easily using online platforms or apps. This type of loan can be used for a variety of purposes and your lender need not know the reason for your borrowing the amount.

An instant loan is a great alternative to the traditional types of loan borrowed from the bank as this can be borrowed by students and self-employed without the need for any salary slips. An instant loan without documents for self-employed persons is a blessing as you do not need to present any paperwork that might not be available in your scenario.

Can An Instant Loan Be Applied Without Documents?

While borrowing a loan from a bank or online lenders, you might have to present a few documents. These documents are important to verify your identity and find out whether you are capable of repaying the loan that you will be borrowing or not. The list of these documents include:

  • Identity proof like Aadhar Card, Passport, Voter ID card etc.
  • Residence proof like electricity or telephone bills
  • Bank Statement of the last 3 months
  • Two latest salary slips 

This is the list of documents you would require generally while applying for a personal loan. 

But you can easily apply for a personal loan without these, online. This can be a good option if you are looking for an instant personal loan without documents for self-employed persons or students or homemakers who would not be able to present any salary slips or employment proof. 

In the next section, we will take a look at how to apply for an instant personal loan without documents app-based and website based procedures and the minimal amount of requirements for the same. 

Ways To Apply For An Instant Loan Without Documents:

Now that you know quite a bit about instant personal loans and how they are better than traditional loans, let us take a look at how an instant loan without documents can be applied for. 

The online borrowing platform Loaney, that offers instant personal loans of up to Rs. 15,000 to its clients come to your rescue when you are looking for an instant loan without documents. The platform requires no documents from its users and offers to get the loan approved within a few clicks in a very short time. 

The only requirements from the platform while applying for an instant loan are as follows:

  • Pan Card of the applicant for identity verification
  • Mobile Number of the applicant that is linked with the Aadhar card of the applicant
  • A picture of the applicant
  • A bank account with an internet banking service for the transferring of the borrowed amount. 

Let us look at the steps for applying for an instant personal loan on the Loaney website. 

To apply for your instant personal loan, you must follow these few easy steps:

  • Register yourself by filling an application form with your basic details like name, date of birth, mobile number, etc. Make sure that the information provided by you is genuine and up to date.
  • This application will be then reviewed by the website and the details provided by you will be verified. The review procedure takes place immediately and takes only a few minutes. 
  • The last step is lending the money. After the review, your application is approved and the loan amount applied to be borrowed is disbursed to the bank account details provided by you.

Before you apply for your instant loan, you must be aware of the eligibility criteria for the same. 

To be able to apply for and get your instant loan without documents approved you must:

  • Be a citizen of India
  • Be of 18 years or above
  • Possess a PAN card and an Aadhar card.

Now that we have a better understanding of this type of loan, we must take a look at the benefits of these loans to know why these types of loans are more popular these days and how they benefit the borrower.

Benefits Of Instant Loan Without Documents:

As mentioned, personal loans are unsecured debt requiring no collateral or guarantor making them an easily affordable option. You do not need to borrow the amount for a specific reason and do not need to inform your lender of the same, making the amounts available for you as per different needs in times of a financial crisis or emergencies. Some more benefits of an instant personal loan include:

  • Low interest rates
  • Shorter repayment period
  • Minimal paperwork and no hard to access documents required
  • Easy to meet eligibility criteria
  • No need for submitting collateral, presenting a guarantor, or providing a reason for borrowing
  • Instant cash

The benefit of borrowing an instant loan without documents is that the procedure is faster and you can easily borrow the loan regardless of your employment status. 


1. Can I apply for a personal loan without documents?

Yes, you can easily apply for a personal loan online on Loaney without any documents and just your ID proof, bank account, and mobile number.

2. What loans can be availed without documents?

If you are looking for loans without documents, you can apply for instant personal loans online. Loaney can be a useful platform as it offers loans of small amounts without any documentation and paperwork.

3. How fast can I get a loan without documents?

Using Loaney, you can fill up an application form and provide your personal details, which are then verified by the platform and the loan is approved within a few minutes. To ensure a faster procedure you must always provide genuine information.