Personal Loan Without ITR: All You Need to Know

Updated on: 16 Apr 2025

Wondering, ‘Can I get a personal loan without ITR? Yes. Most lenders require self-employed applicants to submit their income tax returns to review their income and repayment capacity. However, some use alternative methods for this assessment, making loans accessible even when you don’t have your tax filing records.

Read on to learn how to get a loan without ITR.

Tips to Get a Personal Loan Without ITR

Here are some ways to get the funds without submitting your income tax documents:

Provide Other Income Proof Documents

Since lenders require tax returns to gauge your income, you can provide other documents as income proof. These include:

Your bank statements
Your rental income
Your income from investments

Search for Suitable Lenders

As mentioned, several lenders, like Fibe, offer a loan without ITR documents. They use alternate methods to assess the borrower’s income and repayment ability. This information is generally available on their websites. So, do your research and apply accordingly.

Pay Your Dues on Time

Having a solid repayment record also helps you get a loan without submitting ITR documents. It shows a stable income and good repayment behaviour, so lenders easily approve your loan. You can try the following strategies to ensure timely payments:

Keep reminders
Set up autopay
Opt for reminders and alerts from lenders
Check statements and due dates regularly

Get a Secured Loan

While ITR is required for a personal loan, which is unsecured, it may not be necessary when you apply for collateral-backed funding. This is because they can liquidate your assets to recover the outstanding amount if you default. Various types of collateral that you can offer include:

Gold
Real estate
Investments
Antiques

Negotiate with the Lender

You can also talk to various lenders and communicate the non-availability of your tax return documents. This will help you figure out alternate ways that can get you the required funding.

Improve Your Creditworthiness

Having a high credit score helps increase the chances of approval since it represents:

Good repayment history
Experience with credit
Stable source of income

Lenders consider you a safe borrower this way and approve your application even if you don’t provide your ITR documents. You can maintain a good credit score by following these tips:

Clear your credit card and loan EMIs on time
Keep your credit utilisation ratio low
Maintain a healthy credit mix
Check your credit report regularly for errors
Avoid applying for multiple loans simultaneously

Eligibility Criteria for a Personal Loan

Here are the general requirements you need to meet:

Proof of Indian citizenship or residency
A stable source of income
A minimum credit score of 650
Self-employed individuals must be between 21 and 60 years
A minimum work experience of 2 years in the industry

Document Requirements for a Personal Loan

Here is a general overview of the paperwork you need to submit:

Identity Proof: Passport, Aadhaar Card, Voter ID card or Driving licence
Address Proof: Passport, Aadhaar Card, Voter ID card or Driving licence
Income proof: Bank statement of the last 3 months or Salary slips of the last 3 months

With this information, you can manage your personal loan application and increase your chances of getting a loan without ITR. You can get an Instant Personal Loan from Fibe easily since we ask self-employed individuals to submit alternate documents for eligibility checks.

At Fibe, you can get funds with a simple online application and minimal documentation at affordable interest rates. Download the Personal Loan App or log in to our website today and meet your financial needs with ease.

FAQs on Personal Loan Without ITR

Can we apply for a personal loan without ITR?

Yes, you can get funds even if you don’t have your tax returns. Here are some tips:

Apply for a secured loan
Offer other income proof documents
Clear your dues on time
Apply with a suitable lender
Increase your credit score
Negotiate with the lender

Can I get a loan if I don’t pay income tax?

Yes, you can get a personal loan without ITR documents. However, note that paying tax, if applicable, is mandatory and failure to do that can lead to penalties, imprisonment or both.