When I first considered taking out a loan, the bank asked for my CIBIL score right away. But what about those who don’t have a credit history or have a very low score? The big question is: “Can you get a loan without a CIBIL score?”
From my experience, the answer is yes, but with certain conditions. This guide is based on real-life experiences and practical steps to help you get a loan even without a CIBIL score (बिना CIBIL लोन), safely and confidently
When I tried getting a loan with no credit history, I was worried about being charged high interest or facing repayment issues. But the more I learned, the more I realized: knowledge is power.
Most lenders consider borrowers without a CIBIL score to be higher risk, which can impact your loan approval or interest rate. So, if someone else gets a loan at 12%, you might be offered one at 18% or more.
My takeaway: Only take a high-interest loan if it’s truly necessary, not just for luxury items like a new phone or bike.
No credit history doesn’t mean you’re irresponsible. But banks need proof. That’s why I made it a habit to pay EMIs on time—to gradually build a reliable credit profile.
People new to employment usually have no credit history. For them, NBFCs and salary-based loan apps can be useful.
Some women I know, who run home-based businesses like sewing or tiffin services, got microfinance loans without needing a credit score—and repaid them successfully.
Even if you secure a loan without a score, building your credit profile is crucial for long-term financial independence.
Once I got a call offering a ₹5 lakh loan in exchange for a ₹2500 processing fee. When I asked about the company name, they hesitated. Red flag!
Applying to 5-6 lenders at once increases hard inquiries and may hurt future credit chances. I stick to 1-2 trusted companies.
A friend needed ₹50,000 for a medical emergency. With no credit score, we used the NIRA app, uploaded documents, and got the loan within 24 hours.
Tips:
Even a single day of delay can hurt your creditworthiness.
CIBIL score ranges from 300 to 900, reflecting your past credit behavior.
A friend used his Fixed Deposit to get a loan despite having no score. You can also use gold or property.
Benefits:
When my sister couldn’t get a loan, we added our father with a good score as co-applicant.
Especially for rural areas. CIBIL scores are often not required.
Examples:
Companies like:
I financed a phone through Bajaj even before my score was updated.
Rely on KYC, income, and bank data more than credit scores.
Trusted apps:
Note: Always check reviews before applying.
I used an FD-backed credit card to slowly increase my score to 720.
If your job is stable, some lenders approve loans based on monthly salary alone.
Fake agents promise instant loans without CIBIL score and ask for OTPs or upfront payments. Be cautious.
Secured loans were the safest and easiest. If you have regular income, NBFCs or verified loan apps also work well—with proper research and caution.
Absolutely. But you need the right methods, documents, and awareness. With good planning, even first-time borrowers can succeed.
Q1. What is the maximum loan I can get without a CIBIL score?
₹10,000 to ₹2,00,000, depending on the lender.
Q2. Will banks offer loans without a CIBIL score?
Public banks rarely do, but private banks and NBFCs may consider it.
Q3. Are instant loan apps safe?
Some are, but always check Play Store reviews.
Q4. How can I build my CIBIL score?
Use secured credit cards, repay EMIs on time, and maintain clean bank records.
Q5. What does “no CIBIL score” mean?
It means you’ve never taken a loan or credit card, so banks can’t assess your risk.
Q6. Can students get education loans without CIBIL?
Yes, with a co-applicant like a parent.
Q7. Do multiple loan applications hurt my credit?
Yes, multiple hard inquiries negatively impact your profile.
Q8. Can farmers or rural residents get loans without a credit score?
Yes, through NABARD, rural banks, or microfinance institutions.
Disclaimer: This article is for informational purposes only. Always verify lender details and read terms before applying for any loan.
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