Looking for a loan without a CIBIL score in India? Learn how you can get personal, business, or instant loans without credit history. Explore top lenders and tips.
Introduction
Getting a loan without a CIBIL score might seem difficult, but it’s not impossible. In India, many people—especially students, first-time borrowers, or small business owners—have no credit history. Fortunately, several financial institutions and fintech lenders now offer loans without checking CIBIL scores or even without any credit history.
In this article, we’ll explain how to get a loan without CIBIL, the best options available in 2025, and tips to increase your chances of approval.
What is CIBIL Score and Why It Matters?
The CIBIL score (by TransUnion CIBIL) is a three-digit number that shows your creditworthiness. Lenders use it to assess your repayment ability. A good score (700+) increases your chances of getting a loan.
But what if you’ve never taken a loan or credit card? You might have a zero or no CIBIL score, meaning you have no credit history.
Can You Get a Loan Without a CIBIL Score?
Yes, you can get a loan even if you don’t have a CIBIL score. Many banks, NBFCs, and fintech companies offer loans without checking CIBIL, using alternative methods like:
- Income proof and bank statements
- Employment history or business turnover
- Social score and mobile data (used by some fintech apps)
- Collateral-based lending
Types of Loans Available Without CIBIL Score
1. Personal Loans Without CIBIL
Many NBFCs and apps offer personal loans based on your salary or income proof. Examples:
- KreditBee
- Nira
- PaySense
- CASHe
2. Business Loans Without CIBIL
New entrepreneurs or small business owners can get loans based on GST returns or business bank statements. Look for:
- Lendingkart
- Indifi
- Razorpay Capital
3. Gold Loans
You can get a gold loan by pledging gold ornaments. CIBIL score is usually not required. Lenders include:
- Muthoot Finance
- Manappuram
- HDFC Gold Loan
4. Loan Against FD or Property
These are secured loans, and banks may ignore credit history if you provide fixed deposits or property as collateral.
5. Peer-to-Peer (P2P) Lending
Platforms like Faircent or LenDenClub connect borrowers directly with investors, with flexible eligibility.
Eligibility Criteria (Without CIBIL Score)
Though requirements vary, here are common eligibility terms:
- Age: 21 to 60 years
- Minimum monthly income: ₹15,000 or above
- Valid ID, address proof, and PAN card
- Salary slips or business proof (if applicable)
Best Fintech Apps Offering Loans Without CIBIL
| App Name | Loan Amount | Tenure | Special Feature |
|---|---|---|---|
| KreditBee | ₹1,000 – ₹2 lakhs | 3 – 15 months | Easy for first-time borrowers |
| CASHe | ₹7,000 – ₹4 lakhs | Up to 1 year | AI-based eligibility check |
| Nira | ₹5,000 – ₹1 lakh | 3 – 12 months | Suitable for salaried users |
| LazyPay | ₹10,000 – ₹1 lakh | Flexible | Pay Later + Loan options |
Tips to Get Loan Approval Without CIBIL
- Apply with Fintech Lenders – They focus on alternate data.
- Show Stable Income – Bank statements and salary slips help.
- Avoid Multiple Applications – It creates a negative profile.
- Offer Collateral – If possible, go for secured loans.
- Use a Guarantor or Co-applicant – It boosts your approval chances.
Pros and Cons of Loans Without CIBIL
✅ Pros:
- Easy for first-time borrowers
- Fast approval via apps
- Minimal documentation
❌ Cons:
- Higher interest rates
- Lower loan amounts
- Shorter repayment tenures
Conclusion
While a good CIBIL score helps, you can still get a loan without a CIBIL score in India in 2025. With the rise of digital lending and fintech platforms, more options are available for first-time borrowers. Just make sure to compare lenders, read the terms carefully, and borrow only what you can repay.