New Delhi, Dec. 5 -- Securing a personal loan requires meeting several basic criteria: a good credit history, a high credit score, and documentation. You will need to provide income proof, your PAN card, Aadhaar card, and salary slips. This documentation is used to assure the lender that you can repay the loan.

Lending institutions now actively use alternative credit assessment tools. This means aspiring borrowers with informal income streams or who are self-employed can still get credit. The key is to present credible proof of your repayment capacity. This write-up is dedicated to helping borrowers who do not have a salary slip get personal loans with manageable EMIs and interest rates.

Most lenders permit substitute documents when a s...