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 !!!