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Get instant approval on personal loans with as minimum documentation as possible.

Apply for Personal Loan without Documents

Get instant approval on personal loans with as minimum documentation as possible.

Personal loans are basically unsecured loans, i.e., loans secured without any mortgage or collateral. Such easy loans are favorable options for those who want to secure loans expressly with minimal documentation. If you have a good credit score and want an instant loan without documents, you can opt for a Standard Chartered personal loan online and avoid the hassle of excessive paperwork.

What are the Ways to Avail a Personal Loan Without Documents

If you are looking to avail of a personal loan without documents, your chances of success will be higher if your relationship with your bank is built on mutual trust. After all, when you rely on the same bank for all your financial needs, it becomes easier for the bank to assess your creditworthiness, your eligibility for a loan as well as your capacity for repayment. For the same reason, it is advisable to ensure that your credit card bills are paid on time, that you do not miss any payments due to the bank and that you always maintain a high credit score.

Credit score requirement

A good credit score can be crucial to securing a loan without documents, because banks, in general, perceive this as an indicator that you are likely to repay the amount within the stipulated time frame. Some basic ways to ensure a good credit score are:

1. Repay your dues on time and don’t keep any outstanding loans as this will bring down your credit score.
2. Do not default on your EMIs or credit card dues.

Debt-to-income ratio

Your debt-to-income ratio should ideally be, below 50%, to denote financial credibility. This reassures the lender about your repayment capacity which in turn will help you obtain a paper-free loan.

Good relationship with lender

Acquiring the trust of your bank/lender will, undoubtedly, hold you in good stead when you are in need of a no-documentation personal loan. Relying on the same bank for all your financial services is a good way to do this, since doing so can provide them with insight regarding your eligibility for a loan and repayment capacity. It also helps if you already have an account with the bank in question.

Benefits of Personal Loan Without Documents

The advent of technology and digitalization of financial processes have brought about a massive change in the way financial transactions take place between borrowers and lenders. The sanctioning of paperless loans, for example, is now a smooth and harmonious process and technology has made it simpler for lenders to access the borrower’s information. Some benefits of personal loans are:

Seamless verification process

As most personal loans without documents are processed online, it becomes much easier for the bank to conduct the verification process following which the loan is granted instantly.

No collateral

As personal loans are unsecured in nature, it is a risk and hassle-free, instantaneous process due to the non-involvement of collateral. This makes it a much more enticing prospect for those looking for an instant loan as it can be processed easily.


Those looking for a loan that is less arduous to obtain, will find that paper free personal loans are alluring for the efficiency involved in processing the loan. Loans without documents are processed online, mostly using technology for a major part of the verification process.

No curtailment for usage

Personal loans can be obtained for a multitude of purposes and unlike specified loans like home loans and education loans, this type of loan can be used for any purpose without further inquisition from the bank.

No physical interaction required

Get instant approval on your application and also complete your KYC online through a video. Learn more.

What are the Features of Personal Loans Without Documents in India?

Risk free nature

Personal loans are risk free as you don’t have to provide any form of collateral in order to apply for this type of loan. This makes it easier on both the lender and borrower since the borrower can skip the trouble of providing assets as a form of security whilst the lender will have fewer documents to process providing for a hassle-free process on both ends.

Instant Loans

Personal loans without documents are generally processed online by the borrower. The eradication of the old-fashioned analog nature provides for a verification process that is quicker. The online personal loan is sanctioned for immediate usage post the verification by the bank.


Online document-free loans are granted following a rigorous process where the bank verifies your information. Your privacy is protected and the information can only be viewed after your approval.

Eligibility Criteria

The eligibility criterion followed for issuing personal loans without documents vary across the bank. Standard Chartered makes it comparably easier by not putting up many restrictions which might prove to be a thorn in the side for potential borrowers. The eligibility criteria are as follows:
1. The bank mandates that the minimum monthly salary of the candidate be INR 25,000.
2. The applicant must be between the 22-58 age bracket in order to be considered eligible for a personal loan from SC.

FAQs related to Personal Loan without Documents

What is a Paperless Loan?

A paperless loan is a type of loan that happens between a lender and a borrower on digital platforms. This type of loan is easier and quicker to process as it is done online; no extra time and energy is spent on documentation processes. You can apply for paperless loans online by accessing the website of the bank. Some banks like Standard Chartered also provide online calculators where you can get an estimate of information such as EMI, total outflow, etc.

Can I get an Instant loan Without Any Documents?

Yes, you can get an instant loan while avoiding the arduous documentation process. To do this, you can take up a personal loan which is a type of unsecured loan. Securing an unsecured personal loan is a quick and efficient process where you can apply for a loan on the bank’s website. No further documentation other than address proof and identification proof is required to obtain this type of a loan.

What is the Maximum Amount of Loan I can get Without Documents?

According to Standard Chartered policy, the maximum amount that can be taken as a paper- free online loan has been capped at INR 50,00,000.

What are the Mandatory Documents Required to get an Instant Personal Loan?

Instant personal loans are alluring for many reasons; one of the major reasons being the hassle-free documentation and verification process. Standard Chartered asks for your address proof and identification proof while processing this type of loan. Documents that you can offer as address proof are passport, telephone bill, ration card, electricity bill, driving license, rental agreement, etc., while identification can be provided in the form of Aadhar card, PAN Card, passport, voter ID, ration card and driving license.

How to get a Personal Loan with Minimum Documentation?

Personal loans without documentation are primarily issued after looking at the Credit Score Requirement of the applicant. It is of utmost importance to maintain a good CSR score in order to get approval for a personal loan from a lender. A good CSR score is maintained by cleaning outstanding dues, not defaulting on your other loans or credit cards and maintaining a good credit to debit hygiene.

What is VKYC?

VKYC, or simply Video KYC, is a feature that allows you to complete your KYC through a video from the comfort of your home while applying online for a Standard Chartered credit card, personal loan, or savings account. With this feature, our application process becomes even more simpler and completely contactless. Click here to learn more.