Can I Get a Personal Loan Without Proof of Income?

August 2, 2019

If you don’t have traditional proof of income, it can be tricky to secure a personal loan. However, even if you don’t have paystubs to show as proof of income, finding funding is not entirely impossible.

The reason for this is that some lenders will accept alternative documentation as proof of income for a personal loan.

If you’re looking for helpful information on the types of income needed for a personal loan, then keep reading to learn more with the help of Max Cash.

How Could I Get a Person Loan With No Proof of Income?

Even if you do not have a traditional form of income to show when applying for a personal loan, don’t lose hope! There are alternative documents you could submit as proof of income for a personal loan.

Generally, there are certain criteria that can make your approval process a little easier:

  • Having some form of income (even if your financial support comes from family)
  • Having assets that produce income are viewed positively
  • Being self-employed is taken into consideration during the approval process
  • Having a decent history of regular deposits into your bank account
  • Receiving disability payments, government benefits, or retirement benefits

How Can I Prove I Have Alternative Income When Applying for a Personal Loan?

When applying for a personal loan without traditional proof of income in the form of paystubs, know that there are still some ways to show that you receive reliable income.

Some other forms of alternative income that can be considered by lenders include:

  • Settlement/ Court Ordered Award – As a result of a lawsuit, you may be offered a settlement or court ordered award to shorten hearings and avoid longer trials. Settlements are agreed upon by both parties mediating. Court ordered awards are given when a judge has ruled in trial to give you benefits, whether they be medical or disability.
  • Annuity – An annuity is a lump sum of money that can be invested to produce a steady income during a fixed period, such as retirement. Annuity may start immediately or can be scheduled to start in the future. Annuity can also be considered an alternative form of income when applying for a personal loan.
  • Social Security Benefits – After retirement, one of the benefits you can receive is Social Security. Retirement benefits usually vary from state to state and can often come from a pension plan from your previous employment.
  • Worker’s Compensation – Worker’s compensation is generally a form of insurance, or court ordered award, that provides wages and medical benefits to those who have been injured or wronged during their employment. Worker’s compensation will also count as proof of income, as a result of being a designated wage provided by your employer in lieu of a regular paycheck.
  • Personal/Family Assets – You may also show proof of income by demonstrating how you receive financial assistance from family or through personal assets.

Proving alternative income to get a personal loan can be hard, but not impossible! Bank statements may serve as proof that you receive consistent income, and other relevant financial documents can be used when you’re applying for a personal loan.

If you’re having trouble getting a personal loan without traditional proof of income, don’t panic! There’s help available for you. Max Cash could help connect you to the right lender for your financial situation- whatever background you are coming from!

If you would to try out our free services to acquire a good deal on a personal loan, go ahead and give us a call at (833) 207-9052 or send an email to

The MaxCash website does not offer or provide loans, but rather, it offers a service. It should not be construed as a lending agent or broker. The site does not endorse any lenders and does not charge visitors any fees. The website owners do not evaluate potential lenders’ applications, nor do they approve or deny credit. The MaxCash website does gather applicants’ personal information and transmits it to lenders that are part of the site’s lending network. No one is required to make use of this website, nor are they under any obligation to begin contact with site operators or to attempt to secure a loan with any of the site’s lending partners. Transmission of your financial and personal information on the website in no way obligates lenders to offer you a loan or any other kind of credit product. Be aware that cash transfer times can vary, depending on the lender and the bank you use. It may be necessary to fax information under certain circumstances. All questions about loans, and any concerns you may have should be directed to your lender. These loans are intended as short-term financial solution to satisfy borrowers’ needs for immediate monetary relief. This is not intended to be part of a long-term financial plan for individuals. These services are not offered in all states. Potential borrows may undergo credit check if lenders choose to use any of the major credit reporting bureaus, including Equifax, Trans Union and Experian. They may also use other alternative sources to check credit ratings. Your request for a loan constitutes your agreement and acknowledgement that (A) your personal data may be shared with lenders and perhaps other third-party partners, and (B) lenders can acquire credit bureau reports that detail your credit history. Reports from major credit bureaus, such as Equifax, Experian and TransUnion may be obtained and used to evaluate your reliability as a borrower.

1Loan amounts by the lenders vary based on qualifications.

2Since we do not lend money directly we cannot offer you a solicitation for a loan. In all serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans are not available in all states and all areas.

3Loans such as, Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan. Other types of loans may have pre-payment penalties as well.

4All lenders are responsible for their own interest rates and payment terms. Max Cash has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

5The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you. Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time, in the circumstance for an auto title loan. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically, larger loans or higher risk loans use a GPS.

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Loans such as Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long-term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

Signature and personal loans are only available in Georgia and Florida. Loan amounts differ at locations. Account approval requires satisfaction of all loan eligibility requirements, including a credit inquiry, and, if applicable, motor vehicle appraisal.

Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

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