In today’s financial world, having a good CIBIL score is crucial for obtaining any type of loan. When you apply for a loan, banks, and financial institutions first check your CIBIL score before offering loan approval. Based on this score, a loan is provided by banks or other financial organizations.
However, there are instances where a low CIBIL score becomes a major obstacle in securing a loan. If you are facing such issues, you can still get an instant personal loan ranging from ₹5,000 to ₹50,000 without depending on a high CIBIL score by using the loan apps listed below.
What Happens with a Low CIBIL Score?
Typically, a CIBIL score ranges between 300 and 900. This score determines the creditworthiness of an applicant. If you apply for a loan from a bank or financial institution, they first check your CIBIL score. Based on this score, banks and NBFCs (Non-Banking Financial Companies) decide whether to offer a loan. Ideally, a CIBIL score of 700 or above is required to get loan approval.
Best Loan Apps Without CIBIL Score
If you are looking for an instant personal loan without a CIBIL score, here are some of the best apps that offer loans ranging from ₹5,000 to ₹1,00,000:
| Loan App Name | Loan Amount |
|---|---|
| Amazon Pay Later | ₹50,000 |
| Lendingkart | ₹1,00,000 |
| FairMoney | ₹2,00,000 |
| Ring | ₹1,50,000 |
| Kreditzy | ₹50,000 |
| Mobikwik Zip | ₹50,000 |
| Hero Fincorp | ₹50,000 |
| Stashfin | ₹50,000 |
| Kisht | ₹1,80,000 |
| Paytm Postpaid | ₹50,000 |
| Mobikwik | ₹2,50,000 |
| Kosh | ₹50,000 |
| Nira | ₹5,00,000 |
| Kreditbee | ₹50,000 |
| Instamoney | ₹50,000 |
| Smartcoin (Olyv) | ₹50,000 |
| Finnable | ₹50,000 |
| Branch | ₹50,000 |
| Simpl | ₹50,000 |
| Navi | ₹50,000 |
| Fibe | ₹50,000 |
| Truebalance | ₹50,000 |
| Homecredit | ₹50,000 |
| Moneytap | ₹50,000 |
| Slice | ₹50,000 |
| CASHe | ₹2,00,000 |
| Creditt | ₹20,000 |
| Privo | ₹5,50,000 |
| Loanfront | ₹80,000 |
| Paytm | ₹50,000 |
Eligibility Criteria for Personal Loan Without CIBIL Score
To get a personal loan without a CIBIL score, the applicant must meet the following criteria:
✔ Permanent citizen of India
✔ Minimum age should be 18 years or above
✔ Good financial history (even if CIBIL score is low)
✔ Not a defaulter of any bank or financial institution
✔ Active bank account
✔ Minimum monthly income of ₹12,000 or more
Documents Required for Loan Approval
To apply for a personal loan without a CIBIL score, you need the following documents:
✔ Aadhaar Card
✔ PAN Card
✔ Voter ID
✔ Last 3 months’ bank statement
✔ Last 3 months’ salary slip
✔ Passport size photo
✔ Mobile number linked with Aadhaar
How to Apply for a Loan Without a CIBIL Score?
Follow these steps to apply for an instant personal loan online:
- Download any of the loan apps mentioned above.
- Sign up by filling in the required details.
- Log in to the app and navigate to the Personal Loan section.
- Based on your eligibility, a loan offer will be displayed.
- Click on Apply Online to proceed.
- Fill in the loan application form with the required details.
- Complete KYC verification using Aadhaar OTP.
- Upload the necessary documents.
- Set up an e-mandate for loan repayment and submit your application.
- Once verified, your loan will be approved, and the amount will be credited to your bank account.
Conclusion
Even if you have a low or no CIBIL score, you can still get an instant personal loan using the above-mentioned apps. Ensure you meet the eligibility criteria, provide the necessary documents, and follow the online application process for quick approval. With these apps, securing a loan without a CIBIL score has never been easier!