Significance of a salary slip for the salaried people in getting a personal loan

Have you checked your salary slip in recent times? If so, you are a financially responsible and wise person taking care of monthly earnings and deductions. Unfortunately, only a few people do this. They check their salary slip only when there is an unusual inclusion or deduction in the salary. Nevertheless, the slip is not only meant for knowing your monthly salary. It has other positive aspects as well. It is the key to additional emergency funds. Yes, you are reading right. If you are a salaried person and have some emergency financial needs, you can apply for a personal loan by furnishing your salary slips. Peerless Financial Services Limited disburses loans against salary slips.

Whether hospital bills, marriage, paying for school/college fees, buying a gadget – you can choose us as the gateway to extra funds. We always ensure the fastest disbursal of loans.

Banks might not be the right option

Applying for a personal loan from a bank can be a tedious process and may even involve massive paperwork. But with Peerless Finance, you can get the desired amount without wasting time. Just furnish 3 months’ salary slips and your bank statement for the last 3 to 6 months, or as required.

Eligibility criteria for a personal loan against salary

As already mentioned, if you are a salaried person having a permanent job, you can qualify for a personal loan against salary. This is a collateral-free loan for which you need to fulfill the following criteria.

• Income proof – This is a must. Being a loan applicant, you have to furnish documents to prove your income. And salary slips and bank statements top the list. However, if you are a freelancer, contractual staff, self-employed, or earning in cash and naturally unable to produce a salary slip, then also you can apply for a personal loan. In case of a personal loan without salary slip, you will have to produce your Form 16, bank account statements, and IT returns. Whether a salaried or a non-salaried person, showing a stable income source ensures repayment of the loan without being a defaulter.
• Good credit score–This is another major condition to meet if you need a personal loan. Being based in Kolkata and having a healthy credit score, you can always choose Peerless Finance to help you by lending money. A good CIBIL score proves that you have a good repayment history while having the ability to handle credit efficiently. It shows your current debt status as well. A credit score indicates the creditworthiness of a borrower. A score of 750 and above helps to get a loan with ease.
• Applying with a co-applicant – It would be easy for you to get an unsecured loan if you apply for the same jointly with a person with high creditworthiness. A stable income of the co-applicant will make the lender convinced regarding the loan repayment capacity of the borrower. Co-applicants act as the secondary source in terms of repayment. If you fail to pay off the EMI, the lender will bank on the co-applicant to pay the installment.

For a quick hassle-free personal loan, choose Peerless Finance, one of the best private finance companies in Kolkata, as it doesn’t impose stringent eligibility criteria. We ensure an easy loan application, verification, and approval process. We offer flexible tenure and an affordable interest rate too!

Summary – Getting a personal loan is not something difficult with Peerless Finance. The company offers easy personal loans to the salaried person against salary slips and bank statements. Having a good credit score makes the process easier. Also, a higher credit score ensures a higher loan amount and lower interest rate.

So, what are you waiting for!! Let your salary slip run to fulfill your dreams!!