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Instant Loan No CIBIL

How to Get an Instant Loan without CIBIL score in India

Raghuvamshi Kanukruthi
Updated On:
May 23, 2025

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Instant Loan without CIBIL in India

In the financial world, a person’s creditworthiness is often reflected by a person's CIBIL score and securing loans without such a metric may seem like a distant possibility. 

There might be two situations when a loan without CIBIL might be required: 

  • No CIBIL Score
  • Low CIBIL Score

However, while you wonder:  “Can I get a loan if my CIBIL score is low?”, let us assure you that in the recent years, several lenders, especially NBFCs like Propelld have emerged as saviours, offering a lifeline to individuals who may not boast a favourable credit history.

By the end of this blog, you will know

  • What is a CIBIL score and why is it important?
  • How to get a loan without CIBIL Score? Know the eligibility and documentation
  • Know the apps and NBFCs that can give instant loans without CIBIL.

What is the CIBIL Score?

CIBIL score is often a numerical representation of your financial position. It typically ranges from 300 to 850. This score often summarises an individual's creditworthiness. It is generated by credit bureaus based on a comprehensive analysis of past credit behaviour. This includes factors such as:

  • Repayment Record: CIBIL reflects your consistency in making timely payments. It exhibits records on loans and other obligations.
  • Credit Utilisation Ratio: Credit scores measure the share of credit you're using in a fiscal period. It is then compared to your total credit limit.
  • Credit History: A more elongated credit history with responsible management generally translates to a higher score.
  • Credit Queries: The number of times you've applied for new loans can also impact your score.

CIBIL scores play a vital role in loan applications. These numbers serve as a standardised indicator of your creditworthiness. That is where instant loans without CIBIL scores can help. There are many NBFCs like Propelld where you can get a personal loan even if your CIBIL score is low. They check your credit worthiness through other means without emphasising on a credit score.

Secure an Education Loan, Without Depending on CIBIL Score. Check Your Eligibility in Minutes.

6 Ways to Get an Instant Loan Without CIBIL Score

If you are new to credit, chances are that you may not have a CIBIL score. The good news is that, despite this you can still avail a loan. However, to get a hassle free loan without CIBIL scores, the following pointers must be kept in mind:

1. Present a Legitimate Income Proof

  • Would you lend large sums of money to someone repeatedly despite knowing that the person’s source of income is not stable and you won’t be repaid? For many of you the answer will be negative. The same situation can be applied to banks and lenders.
  • To get an instant loan without CIBIL score, you must show legitimate proof to the banks and lenders that your income is sufficient enough to repay the loan on time.

2. Keep the Loan Amount Low

  • When you opt for a higher loan amount, you must expect a higher rate of interest as the risk for the lender increases.
  • Now, if you have a low or no CIBIL score and you want to borrow a large sum of money, then the lender might not be too keen to sanction your amount as they are unaware of your creditworthiness and will doubt your ability to repay the amount on time. So, if you have no or a low CIBIL score, you may be able to avail a loan but the amount will be low.

3. Apply with a Co-applicant

  • If you wish to apply for a personal loan without CIBIL scores or a low CIBIL score, then you can increase your chances of getting your loan approved by applying with a co-applicant.
  • The lender will check your co-applicant’s income and his/her ability to repay the loan amount. If your co-applicant meets the requirements, your loan will be approved.

4. Get a Guarantor

  • If you don’t have a CIBIL score and you want to get a loan, then you can ask one of your family members to be a guarantor. If your guarantor has a good CIBIL score, then your loan approval process will not be difficult.

5. Get NA or NH in Your Credit Report

  • NA or NH on your credit report means no credit activity in the last 36 months. You can speak to your lender about your credit inactivity, explain the reasons for it, and get your loan approved. However, in such a case, you may be charged a high rate of interest.

6. Collateral-Based Loans

  • If you wish to get a personal loan or instant loan without a CIBIL score, then you can opt for secured loans, i.e., loans that require collateral such as property, jewellery, FD etc.
  • However, if you are unable to repay your loan, then the lender can seize your submitted asset and sell it to recover the loan amount.

You might also be interested in knowing how to get an education loan with low CIBIL Score.

‍7 Days Disbursement. Get your Education Loan 10 times Faster than Banks. Apply Now.

Is it Possible to Get an NBFC Loan Without CIBIL? 

Yes, it’s possible to get an NBFC loan without a CIBIL score. Just follow the ways discussed above.

Many NBFCs consider alternative factors like income stability, employment status, bank statements, or even collateral. You may also need to provide additional documentation or opt for a guarantor. 

However, the interest rate might be slightly higher to offset the perceived risk. Building a credit history over time can help improve your loan options in the future.

Why is CIBIL Score Important? 

CIBIL Score is a reflector of a person’s creditworthiness. It's an assurance to the lender that their money will be repaid and in time. Lenders use a CIBIL Score for following:

Loan Eligibility 

CIBIL score can often determine whether you qualify for a loan or not. It also segregates the specific loan products available to you.

Determine Interest Rates

Generally, borrowers with higher CIBIL scores qualify for lower interest rates. This is often due to the perceived lower risk of delinquency.

Set Loan Terms

The loan amount and other loan conditions may be influenced by your credit score.

‍Who Needs a Loan Without CIBIL Score ?

While a good CIBIL Score can help you fetch a loan easily and at competitive interest rates, it might not be always possible for everyone to have a favourable credit score. 

Thus, loans without CIBIL Score are great for numerous people, including:

Young Professionals

People who are new to work and have not erected consequential credit history yet.

Self-Employed

Business professionals and freelancers who do not have a regular job or a firm credit history.

People with Poor Credit History

Those who have not paid debts on time in history due to any reason like financial problems, job situation etc. 

Are you someone with a skewed credit score and wish to explore financing options?

Check Propelld to know more about their loan products and eligibility criteria. They offer various loan options that might be a good fit for your needs.  Contact Propelld to improve your loan acquiring options while responsibly managing your finances.

Also, check how to improve your CIBIL score

Not everyone has a financially stable co applicant available. However, it's absolutely possible to get an education loan without a co applicant.

What is the Rate of Interest on Loans without CIBIL Score?

The interest rate on these loans can vary depending on the lender, the amount that you borrow, and the repayment tenure. It generally ranges from 9-15%.

Generally, if you have a stable income and decent employment, you might get lower interest rates as compared to someone with an unstable financial situation.

The interest rates on these loans might be a bit more than normal loans. This is because lenders take on additional risk by lending to people with low loan credibility. 

However, it's a good idea to skim around for NBFC loans without CIBIL. Check with a few lenders and compare their loan rates to find the best deals.

You can explore NBFCs like Propelld who offer a diverse range of loan products that may align with your specific needs.‍

You must also know how to get an education loan without collateral and save the hassle of pledging your property.

Eligibility Criteria for Instant Loans Without CIBIL Score

While the criterias might slightly vary across lenders, below are the most common eligibility criterias to get an instant loan without CIBIL:

  1. Age: generally between 21-60 years
  2. Citizenship: Must be Indian
  3. Occupation: Salaried or self employed
  4. Work Experience: Generally required 6 months for salaried and 2 years for self employed. 
  5. Income: certain minimum regular income is required. Usually 15000 a month. 
  6. Collateral: In case it is a secured loan, you might have to offer something as security.

Are you seeking to improve your credit score or explore financing options? Consider visiting Propelld’s website to learn more about their loan products and eligibility criteria. They offer a diverse range of loan lending options. They often may well align with your specific needs. Remember, a healthy credit score unlocks doors to better financial opportunities. So, contacting Propelld for better financing options is highly recommended.

Success Based on Your Merit! Student Marks Based Approval. Apply Today!

Documents Required for an Instant Loan Without a CIBIL score

The following documents are required for availing a loan without a CIBIL score: 

  1. A completed and duly signed in application form
  2. Passport size photographs
  3. KYC documents that include identity proof and address proof. 
  4. Income and Job Proof for salaried employees, that  includes income documents and appointment letters. 
  5. Income and Business proof for self employed professionals that includes a proof of business establishment and ITR

Hassle Free Loans. Lesser Documents. Higher Chances of Approval. Check Your Eligibility Now!

How to Apply for an Instant Loan without a CIBIL Score?

To apply for an instant loan without a CIBIL score, the application process might vary across lenders. However, with Propelld, you can follow these steps:

  1. Visit the lender's website: Scroll the website or download their app on your phone.
  2. Sign Up: Create an account by giving your demographics and making a password.
  3. Fill in Your Details: Tell them about yourself. You may be asked about your financial or educational background.
  4. Designate the Loan Amount: Choose how much you want to borrow.
  5. Upload Your Documents: Send your ID, school papers, and any other documents they ask for.
  6. Send Your Application: Click the button to apply for the loan.
  7. Wait for the OK: Propelld will look at your application and papers. If everything's good, they'll say yes.
  8. Get Your Money: Once they say yes, they'll put the money in your bank account.
  9. Start Paying Back: You'll need to start paying back the money after a while, following the plan you talked about with Propelld.
  10. Keep an Eye on Things: Check your account with Propelld to see how much you've paid and when you need to pay next.

That's it! Following these steps should help you get an instant loan from Propelld without needing a CIBIL score.

7 Loan Apps that Give Instant Loan Online without CIBIL Score 2025

The following loan apps offer instant loan online without CIBIL score in 2025:

  • EarlySalary
  • FlexSalary
  • Nira
  • SmartCoin
  • MoneyTap
  • PaySense
  • mPokket

Their application process is pretty simple that involves just submitting a few simple info on the app on your smartphone

Higher Approval. Lower Rejection. Check out Hassle Free Loans at Propelld. Apply Now. 

Instant loans without worrying about CIBIL scores are a great option. It is often suitable for people who need money quickly but do not have a strong credit history. 

For further exploration of loan options and credit score improvement strategies, consider consulting Propelld today!

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Particulars Details
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FAQs About Instant Loan Without CIBIL Score

What's a fair credit score?

A good CIBIL generally falls between the score of 700 and 850. However, the specific score considered "good" may vary depending on the lender and loan type.

Can we get a loan without CIBIL?

Yes, Propelld offers loans without requiring a CIBIL score. They provide an opportunity for individuals without a CIBIL score to access education loans.

How much can I borrow instantly without a CIBIL score?

The amount you can borrow instantly without a CIBIL score may vary. It often depends on factors such as:

  • your income
  • academic background
  • the specific loan program you're applying for

What are the repayment terms for a loan without a CIBIL score?

Ans- Reimbursement terms for a loan without a CIBIL score are typically flexible. It can often alter based on your individual circumstances and the loan program you choose. Propelld offers moratorium options. This allows you to delay repayment for a certain period. So, students can easily manage their finances.

How to get 50,000 rupees instantly?

To get 50,000 rupees, you can apply for an instant loan program. The exact process may vary, but generally:

  1. you'll need to fill out an application form
  2. provide necessary documents
  3. await approval.

Can I Get A Personal Loan Without CIBIL And Income Proof?

No, you cannot. While those who are new to credit and do not yet have a CIBIL score can avail loans at higher rates of interest, if you do not have income proof you cannot avail personal loans. This is because the lender needs proof of your ability to repay which is through your proof of income.

Can Propelld help me improve my credit score?

Propelld does not directly offer credit score improvement services. However, they can provide guidance and resources to help you understand your credit score. You can also explore loan options that can fit your financial situation here.

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