Home Loans Without Salary Slip or ITR by Adiguru Financial Services

How to Get a Home Loan Without a Salary Slip or ITR in 2025?

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Applying for a home loan without a salary slip or ITR can feel impossible.

Banks usually ask for formal income proof like IT returns, salary slips, or Form 16.

But what if you’re self-employed, run a small business, earn in cash, or just haven’t filed returns yet? Does that mean you can’t get a home loan?

Not at all.

In 2025, more and more people work in flexible or informal ways.

The good news is – some banks and NBFCs do offer home loans without traditional income documents, but you need to know how and where to apply.

In this blog, we’ll break down practical options, what documents you’ll actually need, and how to improve your chances even without ITR or salary slips.

Why Do Banks Reject Loan Applications?

Banks want to be sure you can repay the loan. Salary slips and ITRs are standard proof that you have a steady income.

They also help banks calculate how much EMI you can afford.

But in reality, many people earn well without formal documents – shopkeepers, freelancers, consultants, traders, even landlords.

The challenge is showing that income in a format lenders accept.

Luckily, some financial institutions now offer flexible assessment methods.

Who Needs a Home Loan Without ITR or Salary Slip?

You might be one of many who can’t provide salary slips or tax returns but still need a loan. Common cases include:

1. Self-Employed People Without Tax Filings

You run a small shop, salon, tuition class, or any micro-business but haven’t filed returns due to low income or lack of awareness.

2. Freelancers and Gig Workers

You earn through online gigs, consultancy, design, writing, etc., but get paid in inconsistent amounts — often without formal invoicing or TDS deductions.

3. Cash Earners

You earn fully in cash — like vegetable vendors, plumbers, electricians, or traders — and don’t have salaried income or banked payments.

4. New Job Starters or Recently Switched Professionals

You’ve just joined a new company and don’t have 3 months of payslips yet, or haven’t filed an ITR in the last cycle.

5. Family Business Workers

You help in your family business or are paid through dividends, not salary, and don’t have ITRs to back your role.

What Are Your Real Options in 2025 Without Income Proof?

Here are your best loan options if you don’t have a salary slip or ITR:

1. Bank Statement-Based Loans

Some lenders offer loans based on your last 6–12 months of bank transactions. If you have regular deposits, even without formal salary, they may accept it as income proof.

✔ Minimum 6 months bank statement required
✔ Clean banking behavior (no cheque bounces, regular credits)
✔ May still ask for basic KYC documents

2. Low Document Home Loans from NBFCs

NBFCs (Non-Banking Financial Companies) are more flexible than traditional banks. Some accept alternate documents like:

  • Electricity bills

  • GST returns

  • Rent agreements (if you earn rental income)

  • Business registration

  • UPI cash flow (for Kirana shops, etc.)

These loans may have slightly higher interest rates but far better approval chances.

3. Loan Against Property (LAP) Instead of Home Loan

If you already own property, you can apply for a Loan Against Property, even without ITR. LAP is easier to get and doesn’t always need formal income proof if the property value is strong.

4. Add a Co-Applicant With Income Proof

This is one of the smartest moves. If your spouse, sibling, or parent has proper income documents, make them your co-applicant. This improves your eligibility and makes the process easier.

5. Builder Tie-Up Loans

Some builders have direct tie-ups with NBFCs who process loans faster and more leniently.

These lenders often accept flexible documents, especially if you’re buying from a project under their partnership.

Documents You Can Use Instead of Salary Slip or ITR

Here are alternate documents that some lenders accept:

  • Last 6–12 months bank statements (personal/business)

  • Business registration certificate (Gumasta / Shop Act / Udyam Aadhar)

  • Rent income proof or rental agreements

  • GST filings (if you file them)

  • Electricity or utility bills in your name

  • Property ownership proof

  • PAN, Aadhaar, passport, etc. (KYC)

  • Receipts from daily/weekly cash flow (Kirana shop, vendors, etc.)

Tip: The more consistent your income deposits are, the better.

Pros and Cons of Taking Home Loan Without ITR or Salary Slip

Pros:
✔ Easier loan access for informal income earners
✔ Faster processing via NBFCs
✔ No need to delay home purchase due to lack of ITR

Cons:
❌ Slightly higher interest rates (1%–2% more)
❌ Smaller loan amount may be sanctioned
❌ Need to be careful about lender reputation and terms

How Adiguru Financial Services Can Help?

At Adiguru Financial Services, we specialize in low-documentation home loans. We help clients:

✅ Get home loans without ITR or salary slip
✅ Choose the right NBFC or private lender
✅ Prepare alternate documents that banks actually accept
✅ Handle the process smoothly – from application to disbursal

If your loan was rejected earlier, or if you’re unsure where to apply, we’ll guide you through the right route — and only charge after loan approval.

Conclusion

Not having a salary slip or ITR is no longer a dead end. In 2025, lenders are becoming smarter and more open to alternate income verification.

Whether you’re self-employed, earning in cash, or haven’t filed taxes yet — there’s a way to get your dream home loan right at 

Just be smart, work with experts, and apply through the right channel.

📞 Call us now: +91 989 840 9871

🌐 Visit our website: www.adigurufinancialservices.com
📍 Location: Vadodara, Gujarat

FAQs

Yes, many NBFCs and some private banks now accept alternate proofs of income like bank statements, rent receipts, or business documents.

Mostly NBFCs (like IIFL, Indiabulls, Shubham Housing, Hero Housing, etc.), select cooperative banks, and small private banks are open to such profiles.

Loan eligibility is calculated based on your monthly bank deposits, co-applicant’s income, or value of the property. Usually, you can get 60%–70% of the property value.

Interest rates are usually 1%–2% higher than standard rates, ranging from 10% to 14%, depending on your profile and lender.

You’ll need alternate documents like:

  • 6–12 months bank statement

  • Aadhaar + PAN

  • Shop license or rent agreement (if self-employed)

  • Electricity bill or income declaration letter

Yes. A good CIBIL score (650+) improves your chances, but even lower scores may be considered by NBFCs if your income flow looks strong and steady.

Absolutely. Adding a co-applicant with income documents increases your loan eligibility and lowers the risk for the lender.

Yes, it is legal — as long as your alternate income documents are genuine and you are not submitting anything fake.

Yes, but only if you deposit that cash regularly in a bank account. Lenders want to see income flow — not just physical earnings.

We specialize in low-documentation loans. We guide you to the right lenders, prepare your profile smartly, and only charge after loan approval — no false commitments.

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