Personal Loan without a Salary Account - PowerPoint PPT Presentation

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Personal Loan without a Salary Account

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Many people who don’t have a salary account are facing a problem in applying for personal loans. But it is not completely bound to your salary account. There are ways to become eligible for a loan. – PowerPoint PPT presentation

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Title: Personal Loan without a Salary Account


1
Personal Loan without a Salary Account
2
Study shows personal loan raising
  • From the year 2013 to 2019, the CAGR (Compound
    Annual Growth Rate) of personal loan is around
    22.
  • However,
  • There are a large set of people across India who
    are still facing a problem in availing personal
    loan as they dont have a salary account. 
  • Majority of our workforce in India are either
    cash salaried or self-employed.
  • These people belonged to profession like
    carpenter, mechanic, technician, electrician,
    plumber, driver, salesperson, security
    guard, paanwala, phoolwala, or any street food
    shop owner with a fixed set up.
  • There is a lack of financial knowledge among
    people regarding the upgraded products in the
    market.

3
How a Non-Salaried individual can avail a
personal loan without credit history/salary
account?
  • Afinoz comes with the solution
  • We have tie-up with those lenders who
    specifically provide loan to cash-salaried or
    self-employed.
  • To facilitate your finance even if you dont have
    a salary account. 
  • Providing card options to non-salaried
    individuals just need to provide KYC documents.
  • This card is available across 2000 pin codes of
    India.
  • No need of security/collateral like mortgage of
    property or gold ornaments.

4
Funding Options for Non-Salaried Individuals
Product Amount KYC Documents
Personal Loan Minimum ? 2,000 and Maximum ? 15 Lakhs Identity Proof, Residential Proof, Office Proof, Business Continuity Proof
Credit Card Minimum Cash Limit ? 3,000 and Maximum Cash Limit ? 20,000 Identity Proof, Residential Proof, Office Proof, Business Continuity Proof
5
List of KYC and other needed documents
  • Identity Proof Aadhaar Card/Voters
    ID/Passport/Driving License/PAN Card.
  • Residence Proof Leave and license agreement,
    utility bill (should not be more than 3 months
    old), and a copy of your passport if, you own
    one.
  • Official Address Proof Address proof along with
    your E-mail ID and phone number.
  • Business Continuity Proof Testimonials to show
    your business is running from the last 1 year.
  • Note
  • The list of essential KYC documents required for
    availing the personal loan without a salary
    account. However, this list may vary based on the
    lender to lender. 
  • For availing better interest rates on personal
    loan, Self-employed applicants need to establish
    their last year ITRs income, turnover etc.

6
Thank You !!!
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