How to get loan with low Cibil score
Search Menu

How To Get An Instant Loan Without CIBIL Or Low CIBIL Score In India?

Apply For Rs. 2 Lakh Loan In India: Features, Benefits & Steps To Avail

Unsecured Loans In India: Types, Features & Benefits Of Unsecured Loans

How to get loan with low Cibil score

Is your CIBIL score below 700? Are you having trouble getting a loan? 

It’s crucial to have a good CIBIL score. However, it may take 1-2 years to improve this score. It becomes problematic when you need an instant loan without CIBIL score instantaneously. What do you do in such a situation? Can you get an instant loan without a CIBIL score or low credit score? 

This article will guide you on ways to avail of instant loan without cibil and personal loan with low credit scores.

What Is A CIBIL Score?

When you visit a bank to apply for any loan, the bank first checks your three-digit CIBIL score before approving your loan application. This is to assess whether the borrower will pay back the loan amount within the given period. 

CIBIL or Credit Information Bureau Limit is an organisation that maintains the data, such as the credit history of all the individuals and businesses. Banks and financial institutions share their credit data with CIBIL. Based on this data, a CIBIL score of a particular individual is determined. Through this score, the bank checks the creditworthiness of the borrower before offering him/her a loan.

Also read: Apply For Personal Loans From NBFCs

What Is A Bad CIBIL Score?

The CIBIL score ranges from 300-900. This score depends upon your repayment history, credit card utilisation (a high credit card usage reduces your score), the number of times you apply for a loan, loans for different purposes (this helps in improving your CIBIL score), etc. A high CIBIL score indicates cheaper and instant loans, while a low or bad CIBIL score could mean the opposite. 

Typically, a credit score between 300 and 650 is considered as a bad or low CIBIL score. Banks tend to offer loans to individuals falling within the 750 –900.

What Is A Low Or No CIBIL Score?

When your CIBIL score drops below 750, that’s when the problem starts. Banks and NBFCs are reluctant to offer loans to individuals falling in this category, and even if they do, the interest could be 0.5%-2% higher. So, if a person with a good CIBIL score is offered a loan at an 8% p.a. interest rate, the other person with a low CIBIL score will be offered the same loan at 10-11% p.a. And if the score falls below 700 (mainly due to defaults made in paying off the previous loans), the banks might not offer any loan at all.

How To Get An Instant Loan Without CIBIL Score Or Low CIBIL Score?

Joint loan

If your spouse’s CIBIL score is good (read above 750-800), you can consider taking a joint loan. Under joint loan, the CIBIL score of all the co-applicants (both husband and wife, in this case) will be considered. You can also take a loan in your spouse’s name. This could help you in getting a loan at the best available interest rate, even with a low CIBIL score.


If you are not getting a loan or have a zero credit history, you can ask your parents or siblings to be your guarantor. Make sure the person whom you are adding as a guarantor has a good CIBIL score. This method is generally useful when you want to avail of an education or a personal loan, etc.

Loan against security

Apart from the other options mentioned above, a loan against security is another viable option. Thus, you can apply for a loan against your house, fixed deposits, eligible insurance policies, mutual funds or shares, gold, PPF, credit cards, etc.

How To Get An Instant Loan Without CIBIL Score Or Low CIBIL Score From Navi?

Navi is a platform that provides instant personal loans and home loans at competitive interest rates. The process to avail of the loan is simple and can be completed within five minutes. You can download the app from the Google play store or the App store and provide the required information needed to check loan eligibility.

The personal loan for low CIBIL score is transferred instantaneously to your bank account once your loan application is approved and can be repaid in equal monthly installments. All you need is an AADHAR Card, PAN Card, i.e., KYC documents, and property details (in case of a home loan). Once the KYC process is completed, the cash is disbursed to your bank accounts.

It is important to have a good CIBIL score if you are looking to avail of a personal loan as it ensures the lender about your creditworthiness.

Also read: How do I Improve my CIBIL Score?

Frequently Asked Questions

When should you apply for a personal loan with a low credit score?

Getting a personal loan with a low CIBIL score is quite challenging. There are certain NBFCs such as Navi that offer a loan without asking for any credit score. But with proper bank statements and sufficient funds to show the lenders that you are eligible for loan repayment, you can apply for a loan.

What are the ways in which you can obtain funds in spite of having a low credit score?

Any income proofs to support your loan repayment eligibility, applying for a loan with a salaried co-applicant with good credit score, and applying for a low amount may fetch you the personal loan if you have a low credit score. 

What Is The Maximum Amount Of Loan That You Can Receive Against Low CIBIL Score?

Personal Loans can start from as low as Rs. 10,000 and can range up to Rs. 20 lakh. The credit score adds to the amount of personal loan you can avail of. But with certain NBFCs, you can avail a personal loan up to Rs. 20 lakh with a low CIBIL score.   

What Are The Documents Required To Get Loan Without CIBIL Score Or Low CIBIL Score?

An income proof to support your loan repayment eligibility would ease the process a little bit. But with Navi, there is no need for any documents apart from Aadhaar and PAN to apply for a personal loan.  

Before you go… 

  • Looking for instant 🚀 personal loans 24*7 anywhere, anytime? Install the Navi app now!
  • Or, maybe you’re looking to buy that house you’ve been eyeing 🏠 and you need a loan of up to Rs. 5 crore. Install the Navi app now and get your instant in-principle approval right away! Interest rates starting at 6.40% p.a.
  • How about an affordable health insurance policy 👨‍⚕️ starting at a monthly premium of just Rs. 241? Install the Navi app and get your policy under 2 minutes
  • Instead, want to put your savings into action and kick-start your investment journey 💸 But don’t have time to do research. Invest now with Navi Nifty 50 Index Fund, sit back, and earn from the top 50 companies.
Related Posts