8 Easy Ways to Get an Instant Loan without CIBIL

Credit Information Bureau (India) Limited (CIBIL) is a credit information agency that maintains records of all credit-related tasks of companies and individuals, including credit cards and loans. The higher the CIBIL score, the higher the possibility of lenders approving the loan or application for a credit card.

A CIBIL score contains a 3-digit number that ranges from 300 to 900, which indicates a report of financial credit history. A score near or around 900 is considered to be excellent, whereas a score above 750 is good. On the other hand, a score near or around 300 is awful and is regarded as unqualified. There are 4 major credit rating agencies operating in India, namely:

  • CIBIL™
  • Equifax
  • Experian
  • CRIF Highmark

CIBIL Score Ranges

Below is a list of credit scores that are considered to be good by lenders for lending and loan purposes:

Score BandCategoryWhat Does It Mean
<300No ScoreIt means you have never taken a loan or credit card and have no or limited credit history. 
300-550Very Low credit scoreIt means that the credit history is damaged. But with your awareness and discipline, your credit score can be strengthened. Your credit report should be thoroughly checked to find out the reason for your low credit score and take action. 
551-620Low credit score
621-700Fair credit score One is not very far from a credit score that is strong. One should work on improving the credit score to be eligible for the best offers.
701-775Good credit score You have displayed good credit behaviour, and most banks and NBFCs would offer you credit. 
775+Excellent credit scoreYou have a track record of superb credit. With this score, you can meet the eligibility criteria of most banks. Also, the NBFCs are likely to get the best offers. 

8 Ways to Get an Instant Loan without CIBIL

Banks are not the only option when you are looking for a loan without CIBIL. By using the below-mentioned methods, one can meet the credit requirements:

  1. Explore Lenders offering Loans without CIBIL Score Requirements.

Keep in mind that not all lenders rely on credit scores. Many Loan App also rely on the applicant’s stable income and employment status. Firstly, create a list of lenders available and decide which one suits your requirements. Also, consider applying for a smaller amount while applying for a loan. The lenders may be more willing to approve loans with lower risk exposure. When borrowing a smaller amount, one can demonstrate responsible borrowing behaviour and increase the likelihood of approval of a loan. 

  1. Prepare your Documents

Prepare your list of documents that will be scrutinised by the lender bank. Mentioned in the list of documents:

  • Bank Statements
  • Salary Slips or any other Income Proof
  • Identity Proof like an Aadhar Card
  • Recent Photographs
  • Address Proof like Aadhar Card, Voter ID, etc.
  1. Apply for a Secured Loan / Add a Co-Signer

Consider applying for a secured loan by pledging collateral, which is a form of security. Assets like vehicles, savings accounts, and property can be used as collateral. Check the type of collateral that can be availed from the bank to get an instant loan without CIBIL. Ensure that the guarantor, which could be anyone, understands the responsibility they have undertaken and chooses someone who has a good credit score. 

  1. Stable Income Proof

Lender banks need to verify income to assess loan repayment capacity. Providing evidence of a steady income can alleviate lenders’ concerns when applying for a personal loan without a CIBIL score. One should present consistent earnings through employment, self-employment, etc., to reassure the lender banks of the ability to repay the loan.

  1. Loan Against Assets

One can pledge assets like gold, property, etc., to secure a loan without showing his/her credit score. 

  1. Request a Smaller Loan Amount

Try to apply for a smaller loan online, as the lender banks are more likely to approve smaller loans without checking the credit score in detail.

  1. Peer-to-Peer Lending

Many Peer-to-peer lending platforms facilitate borrowing from individuals rather than institutions, which often have flexible criteria. One can get a smaller loan amount without CIBIL.

  1. Loan Apps Without Credit Score

Some loan apps provide loans without credit scores to people seeking smaller loans. They assess creditworthiness based on data like banking activity and bill payment history.

Benefits and Drawbacks of a Loan without CIBIL Score

Mentioned below is the summary showing the benefits and drawbacks of raising an Instant Loan without CIBIL:

Benefits of Loan Without CIBIL ScoreDrawbacks of Loan Without CIBIL Score
1. Accessibility: Easier access for individuals with low or no credit scores.1. Higher Interest Rates: Loans may come with elevated interest rates due to perceived risk.
2. Quick Approval: Faster approval process, suitable for urgent financial needs.2. Limited Loan Amounts: Lenders may restrict loan amounts for higher-risk borrowers.
3. Flexible Eligibility Criteria: More flexible criteria, considering factors beyond credit scores.3. Shorter Repayment Periods: Loans with shorter repayment periods lead to higher monthly payments.
4. Opportunity to Rebuild Credit: Timely repayments can contribute to rebuilding credit over time.4. Predatory Lending Practises: Potential for unfair terms or predatory practices by certain lenders.
5. Variety of Loan Types: Different loan options are available, such as personal loans or loans against collateral.5. Limited Credit-Building Impact: May not significantly contribute to substantial credit improvement.

Eligibility Criteria

Mentioned below are the eligibility parameters that are to be met to apply for an instant personal loan without CIBIL:

  • The applicant’s minimum age should be 21 years.
  • The applicant’s maximum age should be 55 years.
  • An Applicant should be a citizen of India.
  • If the applicant resides in metro-cities, the minimum income should be INR 18000.
  • The minimum income should be INR 15,000 if the applicant resides in a non-metropolis.

Documents Required

Mentioned below is the list of documents that are required to be provided while applying for the loan:

  • Address Proof: Utility Bills, Rental Agreement, Passport, Voter ID.
  • Identity Proof: Aadhar Card, PAN Card, Passport, Driver’s License
  • Income Proof: Bank Statements, Salary Slips.


One can simply opt for any of the above-mentioned methods to apply for a personal loan without CIBIL or with low CIBIL. Fill out the loan application form with authentic information like income, address proof, and other documents. If any incorrect or false information is provided, the loan will be denied. 

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