How to get instant personal loan on salary slip or with bank statement

In a situation where you require money urgently, an instant personal loan based on your salary slip or with bank statement can be a viable solution. Whether it’s an unforeseen medical expense, home repairs, education fees, or debt consolidation, having access to instant funds can provide a much-needed relief. These loans are designed to provide quick approval and disbursement, often within a timeframe of 24 hours. Let’s delve into how these loans work and the steps involved in applying for one.

How it works

To get an instant personal loan on salary slip or with bank statement, you will need to provide the lender with your salary slip and other proofs. The lender will use this information to verify your income and to determine how much you can borrow.

Once you have been approved for a loan, the money will be disbursed into your bank account within 24 hours. You will then have a set period of time to repay the loan, typically 10 to 60 months.

How to apply for an instant personal loan on salary slip or with bank statement

The process of applying for an instant personal loan on salary slip or with bank statement is relatively simple. You can typically apply online or over the phone. The lender will ask you to provide some basic information, such as your name, address, date of birth, and contact information. You will also need to provide your salary slip  or Bank Statement

  1. Gather necessary documents: Before starting the application process, gather the required documents, including your salary slip, identity proof (such as PAN card, Aadhaar card, or passport), address proof (such as utility bills or rental agreement), and bank statements.
  2. Fill out the application form: Visit the lender’s website or use their mobile app to access the online application form. Fill in the required details accurately, including your personal information, employment details, monthly income, and loan amount.
  3. Upload supporting documents: Once you have completed the application form, upload the scanned copies or clear photographs of the required documents, such as your salary slip, identity proof, address proof, and bank statements.
  4. Review and submit the application: Before submitting the application, review all the entered information and uploaded documents for accuracy. Once you are satisfied, submit the application.
  5. Await approval and disbursal: After submitting the application, they will review your information and documents. If everything is in order, and you meet the eligibility criteria, their requirement they will approve the loan and initiate the disbursal process. The loan amount will be transferred to your designated bank account within the 24 hours.

Benefits of an instant personal loan on salary slip or bank statement

There are many benefits of instant personal loan on salary slip. These include:

  • Quick approval and disbursement: As the name suggests, these loans can be approved and disbursed quickly, often within 24 hours. This can be a lifesaver if you need money in a hurry.
  • Convenient application process: You can typically apply for these loans online or over the phone, making the process easy and convenient.
  • Flexible repayment terms: Most lenders offer flexible repayment terms for these loans, allowing you to choose a repayment plan that fits your budget.
  • Minimal documentation: These loans often require minimal documentation compared to traditional loans. This streamlined process saves time and effort while expediting the loan approval and disbursal.
  • Improve credit score: Timely repayment of the loan installments can contribute to improving your credit score, establishing a positive credit history for future financial endeavors.
  • No Collateral Required: These loans are typically unsecured, meaning you don’t need to provide collateral or security to obtain them, making the process hassle-free and convenient.
  • Facilitates Auto-debit: Many lenders offer auto-debit facilities for loan repayments, allowing you to set up automatic deductions from your bank account and avoid late payment charges.


If you need money in a hurry, a personal loan on salary slip can be a good option. However, it is important to check interest rates and terms before you apply, and to make sure you can afford the repayments. Flexpay is a leading provider of instant personal loan for salaried employees on salary slip. You can apply for a loan online or through the mobile app. To qualify for a Flexpay personal loan, you must be a salaried employee with a minimum monthly income of Rs. 4,000. The amount of money you can borrow from app depends on your income and credit score. You can borrow up to Rs. 3 lakhs with a repayment term of up to 60 months. The application process is simple and the funds can be disbursed within 24 hours. If you are a salaried employee who needs money in a hurry, a Flexpay personal loan may be a good option for you.