How to Get Personal Loan Without CIBIL Score?

Name: Investkraft
Address: 137, KD Block, Ground Floor, Pitampura, Delhi, 110034, IN
Telephone: 9797971876

Jul 1st 2025

Loan

Getting a personal loan without CIBIL score is now possible, even if you do not have a CIBIL score. With personal loan apps without CIBIL score, like InvestKraft app and alternative credit assessment methods, getting personal loan without CIBIL score is easy and quick.

In this article, we will discuss on how you can get personal loan without CIBIL score, and we have included a specific example for an INR 50,000 loan, to help you understand better on how to get instant personal loan without CIBIL score.

What is a CIBIL Score and How Does it Matter?

Let us first get a clear understanding of what CIBIL score is and how it matters:

CIBIL Score is a 3-digit number (ranges from 300 to 900)
It shows how trustworthy you are when it comes to repaying loans.
CIBIL score of 700+ is considered good by banks and NBFCs.
If you have never taken a loan or used a credit card, you do not have a score at all, and this can make traditional loan approvals tough.
But in case of loans from fintech platforms, apart from CIBIL, your monthly income and your liabilities are also checked.

Can You Get a Personal Loan Without a CIBIL Score?

If you are a first-time borrower (new-to-credit or NTB), there are mainly two methods by which you can get a personal loan:

Method 1: By Secured Loans

This is the traditional method of getting a personal loan without CIBIL score.
Secured loans are loans in which you need to pledge an asset like fixed deposits, property papers or other government-approved bonds.
On the basis of the pledged asset, the lender gives you the loan without the need for CIBIL score.

Method 2: From Fintech Platforms

Many fintech lenders can provide you with a loan without a CIBIL score as they use other factors like income, employment status, and digital footprints to approve your loan.
If you have a good financial history and required income, you can easily get a personal loan without a credit history.

Real-Life Example: INR 50,000 Loan Without CIBIL Score

Let us say Ravi, a 27-year-old marketing executive in Pune, earns INR 28,000 per month but has never taken a credit card or loan, meaning he has no CIBIL score. He needs INR 50,000 urgently for a personal loan. Here is how he can proceed:

Step 1: Choose a Fintech App

Ravi applies via the InvestKraft App, which accepts first-time borrowers.

Step 2: Upload Documents

He submits his Aadhaar card, PAN card, 3 months’ salary slips, and bank statements.

Step 3: Loan Approval and Disbursal

Based on his income and digital footprint, his INR 50,000 loan is approved within minutes by InvestKraft at 20% p.a. interest for a 6-month tenure.

Step 4: EMI Details

His monthly EMI comes to approximately INR 8,900. Timely payments help him build a positive credit history.

This shows that even without a CIBIL score, salaried individuals can access quick funds through verified fintech apps.

Best Personal Loan Apps Without CIBIL Score

In 2025, fintech platforms have revolutionised access to credit for lakhs of people by using alternative data, such as income patterns, digital footprints, and bank transactions, to assess creditworthiness. These apps offer quick approvals and disbursals, often within minutes, making them ideal for those without a CIBIL score. Below is a comparison of some popular apps available in 2025:

App Name	Loan Amount Range	Interest Rate (per annum)	Processing Fee	Eligibility Criteria
InvestKraft	INR 5,000 to INR 5,00,000	10.5% to 36%	2.5% to 3.5%	Indian citizen, age 21 to 58, minimum monthly income INR 15,000
Cred	INR 10,000 to INR 15,00,000	From 11.99%	0.5% to 4%	An Indian citizen with a good credit score, salaried or self-employed
Axio	Up to INR 4,00,000	14% to 35%	Up to 2% plus GST	Indian citizen, salaried or self-employed, age 21 to 60
Jupiter	Varies (Instant Loans)	Around 16% (1.33% monthly)	As per loan offer	Indian citizen, Jupiter account holder, good credit score
Fibe (EarlySalary)	INR 8,000 to INR 5,00,000	12% to 20%	2% of loan amount	Stable job, minimum monthly salary INR 15,000
FlexSalary	INR 8,000 to INR 3,00,000	Up to 36.5%	INR 100 to INR 3,000	Stable job, minimum monthly salary INR 8,000
MoneyTap	INR 3,000 to INR 5,00,000	About 13% (1.08% monthly)	INR 3,000 to INR 25,000	Stable job, minimum monthly salary INR 30,000
SmartCoin	INR 1,000 to INR 25,000	20% to 36% (APR)	Nil	Stable job, minimum monthly salary INR 15,000
Nira	INR 5,000 to INR 1,00,000	24% to 36%	2% to 7% of the loan amount	Indian citizen, age 21 to 55, salaried or self-employed
mPokket	INR 500 to INR 45,000	11.99%	INR 50 to INR 200	Indian citizen, age 21 to 60, salaried or self-employed
PaySense	INR 5,000 to INR 5,00,000	16.80%	2.5% of the loan amount	Indian citizen, age 21 to 60, salaried or self-employed
Incred	INR 50,000 to INR 3,00,000	13.99% to 42%	2% to 5% of the loan amount	Indian citizen, age 21 to 60, salaried or self-employed
KreditBee	INR 5,000 to INR 5,00,000	8% to 29.95%	6.5% of the loan amount	Indian citizen, age 21 to 60, salaried or self-employed
NoBroker InstaCash	Up to INR 10,00,000	12.99% to 24%	Same as interest rate	Indian citizen, salaried or self-employed

Eligibility Criteria to Get Personal Loans Without CIBIL

The following are some of the most common eligibility criteria to get personal loans without CIBIL score from fintech platforms:

Citizenship: Indian
Age: 21 to 60 years
Identity Proofs: Aadhaar, PAN card
Income Proofs: Bank statements
Address Proofs: Aadhar card, utility bill and other government-approved identification.
Minimum Monthly Income: INR 8,000 - INR 30,000, depending on the app.

Please note that these are the basic eligibility requirements. We recommend that you check with the particular lender before proceeding with your loan application.

Update RBI Guidelines Regarding No-CIBIL Loan Approvals

The Reserve Bank of India (RBI) introduced guidelines in 2025 to promote responsible lending, impacting no-CIBIL loan approvals:

Loan-to-Income Ratio: EMIs for unsecured loans cannot exceed 50% of monthly income.
Stricter Verification: Enhanced KYC and income checks may require additional documents.
Credit Reporting: Multiple applications may flag borrowers, affecting approvals by higher chances of rejection rate.
Cooling-Off Period: A 30-day wait applies after rejections.
Digital Lending Rules: Funds must be disbursed to bank accounts for transparency.

These changes may pose challenges, but fintech apps and secured loans remain viable options. Feel free to reach out to InvestKraft in case you need loans, insurance or other BFSI services.

Things to Consider When Choosing a Loan without a CIBIL Score

The following are some of the most important things to consider when you are planning to take a personal loan without CIBIL:

Higher Interest Rates: Rates range from 10.5%–36% per annum due to lender risk.
Processing Fees: Processing fees of around 2%–7% and other charges can increase costs.
Repayment Tenure: Tenures vary from 3 - 60 months.
Lender Reputation: Always check and verify RBI registration and read reviews.
Calculate Risks: Avoid predatory lenders with unclear terms or high fees.

Tips to Improve Your Loan Approval Chances

The following are some of the important tips that can help you improve your chances of getting your loan approved:

Accurate Documentation: Make sure your documents are updated and accurate. Any discrepancy may delay your application or may result in blacklisting.
Compare Lenders: Evaluate rates and terms across various platforms. Make sure you compare the rates, processing fees, and take into account any hidden charges, if any.
Build Credit Score: Timely repayments help establish a CIBIL score. Even though fintech platforms check your income and other factors, the CIBIL score is still the primary factor to check your creditworthiness.
Seek Advice: When in doubt, you can always contact InvestKraft, and we will assist you with all your queries related to loans.

Conclusion

You can get a personal loan without a CIBIL score through traditional methods like collateral-based loans (secured loans) or from fintech platforms like InvestKraft. Even the guidelines from the RBI have become stricter, options from fintech platforms remain accessible. We recommend that you compare lenders, understand costs, and repay on time, which will not only help you get the necessary financial assistance but also help in improving your credit score.

Frequently Asked Questions

Can I get a personal loan without a CIBIL score?

Yes, you can. If you have never taken a loan or used a credit card, fintech platforms like InvestKraft can help you get the required personal loan.

What are the ways to get a personal loan without a CIBIL score?

The following are the two main ways to get a personal loan without a CIBIL score:

Secured Loans: You pledge an asset like a fixed deposit or property.
Fintech platforms: Lenders assess your income, employment, and digital profile instead of your CIBIL score.

What documents are required to apply for a loan without a CIBIL score?

The following is the list of documents that are required to apply for a loan without a CIBIL score:

Aadhaar card and PAN card
Salary slips (last 3 months)
Bank statements
Address proof, like utility bills

What is the interest rate and eligibility for a no-CIBIL loan from InvestKraft?

InvestKraft offers personal loans from INR 5000 to INR 5,00,000 at interest rates between 10.5% to 36% p.a.. You must be an Indian citizen, aged 21 to 58 years, with a minimum income of INR 15,000 per month.