How To Get a Quick Personal Loan with Cash Salary? A Guide for an Easy Application!

A loan on cash salary is an unsecured financial instrument designed for employed and self-employed individuals. If you receive your paycheck in cash, you may be eligible for a loan for personal reasons. To apply for a fast loan on cash salary in India, you need to submit evidence of income such as a banking statement, offer letter, or salary proof.

Refer Loan, a digital fintech platform is the pioneering one-stop digital platform that presents financial products and services by connecting consumers with new-age finance partners. These quick loans include small-ticket lending ranging from Rs 5000 to Rs 5 lakh. 

Individuals who receive a cash wage, are inexperienced with credit or are experiencing technical difficulties clearing any of their previous dues will appreciate finding Refer Loan useful. Because Refer Loan can connect them with the most reliable financing partners who offer excellent finance options even with a cash salary and low CIBIL score. 

What are the Advantages of Applying for a Loan with Cash Salary?

A swift loan on cash salary is a loan without collateral that can be utilized for a variety of objectives, including pleasure and use for productive purposes. This financial assistance is offered to Indian residents. A rapid cash salary loan can be used for both consumption and productive purposes.

If you are a business person, you may utilize the funds from the loan to grow your business by purchasing inventory or making a down payment on an additional workspace. If you’re seeking additional money for medical crises or other reasons, you can apply for an urgent loan through Refer Loan.

When Will You Apply for a Loan on Cash Salary?

A personal loan for a cash salary is a swift loan of money that you may use for whatever you desire. It is great if you’re facing a sudden need for cash and prefer not to borrow from friends or relatives or whether you require an emergency loan to cover something major, such as an illness or automobile repair. Since the flexible terms of this rapid funds loan, you may use it to cover any type of expense. 

Key Highlights and Advantages of Personal Loans on Cash Salary

  • You can choose a loan size ranging from Rs. 5,000 to Rs. 10 lakh according to your financial standing and credit score.
  • You may verify that you’re eligible and ask for personal loans in just two minutes using the Refer Loan platform.


  • When applying for personal loans using Refer Loan’s platform, you don’t need to pledge anything or find someone to be your guarantor.
  • You can get pocket-friendly interest rates per month.

Check the Best Loan Offers on Cash Salary 2024

Lender Loan Size ROI Tenure Processing


CIBIL How to


Hero Fincorp Upto 10 Lakh 11% Onwards 5 Years 1-3% 700+ Apply Here
Money View Upto 5 Lakh 16% Onwards 5 Years 1-4% 550+ Apply Here
Stashfin Upto 5 Lakh     ____ 3 Years Each time 2% flat for withdrawal 725+ Apply Here
FairCent Upto 10 Lakh 25% Onwards 3 Years 6-8% 625+ Apply Here

How Does Refer Loan Address the Issues Associated with Fresh Credit Loan Users

Refer Loan has formed strategic alliances with leading financial institutions and rapid loan providers to bridge the credit health gaps for new borrowers. Refer Loan, with its significant technological supremacy (AI and ML software algorithms), offers complete answers to all of these problems.

Eligibility Requirements for Loans with Cash Salary

  • Refer Loan offers personal loans with no necessity for a paycheck slip. All you have to do is meet the requirements for eligibility shown here:
  • Those applying are required to be between 21 and 57 years old.
  • If you consistently get payment in cash, you will get a personal loan as your financial assistance.
  • The average salary is Rs. 13K for salaried candidates and Rs. 20K for self-employed individuals.
  • The required CIBIL score needs to be above 550+.

Required Documents to Apply for Loans on Cash Salary

  • KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
  • Last 3-month Salary Slip
  • Last 6 month Bank Statement in PDF
  • Form 16 of last 2 year
  • Rent Agreement if rented or Utility Bill if the residence is owned
  • Sanction Letter of all current running loans, if any
  • Office ID Card or Official EMAIL ID, if any

How to Make an Application for an Immediate Loan with Your Cash Salary

Complete the procedures outlined below to effortlessly receive a fast loan with your cash salary.

  • Go to 20% 20% 20Bank%20Wise.

  • Select a lender that best fits your needs.

  • Enter your personal information to determine whether you’re eligible for loans in just a few minutes.
  • Choose the quick loan offering and payback plan of your preference.
  • Attach all relevant papers digitally in PDF format.
  • Following approval, receive the requested money directly into your bank account within 5–6 working days.
  • Keep in mind that the documentation provided above is officially authorized at the moment you submit your request for a loan.

Do you urgently require an emergency loan but don’t know how to get it? Are your needs for immediate finances unmet due to a cash wage, a low or no credit profile, or other causes of loan decline? At that point, you will not have reasons to be discouraged because there exists a platform named “Refer Loan” that offers not just rapid personal funding but also a variety of other loan advantages according to your needs.

Bottom Line

When asking for a loan for personal use, research interest rates and select a package that meets your needs. It has a higher interest rate than other lending products. It normally ranges from 8.80% to 26.00%, according to the details of your profile and the product you choose. Therefore, you must be cautious before getting one for your abilities. 

It matters most to analyze all aspects before making an application. You need to extensively research all available possibilities before applying for a personal loan from the lender that offers you the best offer. Carefully pick an offering that meets your needs.


Recent Posts

Which Should You Opt For: The Old or the New Tax Regime?

The Budget 2023 came up with significant misunderstandings among the public over the decision regarding…

18 hours ago

Loan Write-Off Versus Waive-Off: Everything You Should Know

Every loan, whether secured or unsecured, is supposed to be repaid fully at the end…

2 weeks ago

How Does Partial Payment for a Home Loan Work? The Purpose and Advantages!

A home loan has a payback period that often continues for many years. People of…

2 weeks ago

How to Close Your Credit Card Without Affecting Your Credit Score

Credit cards have grown into a widely accepted method of making payments, thus becoming an…

2 weeks ago

General Terminologies of Business Loan 2024:  Every Entrepreneur Should Be Familiar With

Loans for start-ups or small businesses can help you launch or extend your business. Yet,…

2 weeks ago

Planning a Loan Against Property? Check out These Terminologies Before You Apply

Do you remember your first days of learning when the classroom teacher's words sounded confusing?…

2 weeks ago