Need a personal loan.

[Megna]

I work as a freelancer for a small company and earn money in cash. I need a personal loan. I don't fill out the ITR, as I am not earning that much. So will any bank give me a personal loan?

[Siddarth]

Most banks don't approve the loans if you are not filling out your ITR, as banks require your income proof to verify your ability to repay the loan. So it's difficult for you to get the loan. However, certain banks or digital lenders may be able to provide a small loan amount based on your savings account transactions. You can try non-banking financial companies (NBFCs); they give you loans without ITR.