NBFC approved new loan app: You can get loan from home through Urgent phone call



Where can I get zero CIBIL loan in 5 minutes (NBFC-approved new loan app) – This guide explores loans you can get with a low CIBIL score through NBFC-approved apps. It explains the process, costs, and eligibility requirements. Remember, borrowing responsibly is key!

What are Zero CIBIL Loans?

These are loans offered to borrowers with a low CIBIL score. However, they typically come with higher interest rates and fees compared to traditional loans.
Can I Get a Loan in 5 Minutes?
While the application process might be quick, loan approval can take longer.

Loan Details

Loan Amounts: These apps offer loans ranging from ₹500 to ₹10 lakhs

Interest Rates: Expect interest rates between 15% and 36% per annum, significantly higher than traditional loans.



Fees: You might encounter processing fees (up to 10% of the loan amount or a maximum of ₹10,000), GST on fees, and penalties for late payments.


  • Be an Indian citizen (18-59 years old).
  • Have a monthly income source.
  • Possess an Aadhaar-linked mobile number and a savings account.
  • Have a smartphone with internet access.
  • Have NACH (National Automated Clearing House) for automatic loan repayments.

Documents Required

  • Aadhaar card
  • PAN card
  • Selfie
  • Aadhaar OTP (for online loan agreement signing)
  • Bank statements (might be required by some apps)

Steps to Apply

  • Download an NBFC-approved loan app.
  • Create an account using your Aadhaar-linked mobile number.
  • Complete the KYC process (requires documents, selfies, and bank details).
  • If eligible, receive a loan offer.
  • Sign the loan agreement electronically using Aadhaar OTP.
  • Upon approval, the loan amount will be transferred to your bank account.

Important Reminders

Beware of High Costs: These loans can be expensive due to high interest rates and fees. Borrow only what you can afford to repay.
Consider Alternatives: Explore options like credit counseling or loans from friends/family before resorting to high-cost loans.
Borrow Responsibly: Only borrow what you need and ensure you can repay it on time to avoid late fees and a negative impact on your credit score.

NBFC-Approved Loan Apps (Examples Only):

  • Postpay
  • Moneyview
  • CreditBee
  • Smartcoin
  • Many more (research and compare options)


While NBFC-approved loan apps offer quick and easy access to funds for those with low credit scores, proceed with caution. Understand the high costs involved and borrow responsibly. Consider alternatives and only borrow what you can repay to avoid a debt spiral.

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