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Pre-loan Eligibility checker
Last updated on: July 22, 2025
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- LOW CIBIL SCORE? Apply for Cibil Repair before Applying for Loan
- 700+ Cibil Score Means you are Eligible for Personal Loan Apply above
- Minimal Documentation
- Direct Cash Transfer
- Lowest Interest Rates
- Instant Approval
A CIBIL score is a three-digit number that represents an individual’s creditworthiness. It ranges from 300 to 900, with a score above 750 considered good. Banks and financial institutions use this score to evaluate a borrower’s ability to repay the loan. A low score or no score often results in loan rejection or high-interest rates.
However, people with a low or no CIBIL score may still need loans. That’s where personal loans without CIBIL come into play.
Yes, you can. Many fintech lenders and NBFCs offer instant personal loans to individuals with low or no CIBIL score by focusing on other factors such as:
| Bank | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| DBS Bank | 10.99% – 30.00% | ₹25,000 to ₹15 Lakhs | 1%–3% + GST | 24–48 hrs | Apply |
| HDFC Bank | 10.90% – 24.00% | ₹50,000 to ₹40 Lakhs | Up to ₹6,500 + GST (~1–3%) | 24–48 hrs | Apply |
| Axis Bank | From ~11.25% | ₹50,000 to ₹15 Lakhs | 1.5%–2% + GST | 24–72 hrs | Apply |
| ICICI Bank | 10.80% – 16.65% | Up to ₹50 Lakhs | 0.5%–2% + GST | 24–48 hrs | Apply |
| Bank of Baroda | 10.49% – 18.75% | ₹30,000 to ₹20 Lakhs | Up to 2% + GST | 48–72 hrs | Apply |
| SBI | 10.30% – 15.30% | ₹10,000 to ₹35 Lakhs | Up to 1.5% + GST | 2–3 working days | Apply |
| IndusInd Bank | From 10.49% | ₹30,000 to ₹50 Lakhs | Up to 3.5% (2% online) + GST | 24–48 hrs | Apply |
| Yes Bank | 10.99% – 21% | ₹100,000 to ₹40 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| Standard Chartered | 11.49% – 17% | ₹1 Lakh to ₹50 Lakhs | Up to 2.25% + GST | 48–72 hrs | Apply |
| IDFC FIRST Bank | 9.99% – ~10.75% | ₹1 Lakh to ₹50 Lakhs | Up to 3.5% + GST | 24–48 hrs | Apply |
| Kotak Mahindra Bank | From 10.99% | ₹50,000 to ₹40 Lakhs | 1%–2.5% + GST | 24–48 hrs | Apply |
| Punjab National Bank | 11.50% – 17.05% | Up to ₹20 Lakhs | Up to 1% + GST | 2–3 days | Apply |
| Bandhan Bank | 10.50% – 12.55% | ₹50,000 to ₹25 Lakhs | Up to 3% + GST | 48–72 hrs | Apply |
| NBFC | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | 2%–3% + GST | 24–72 hrs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| InCred | From 18% | Up to ₹10 Lakhs | 2%–4% + GST | Instant to 24 hrs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Up to 3% + GST | 24–48 hrs | Apply |
| Poonawalla Fincorp | From 9.99% | Up to ₹30 Lakhs | 1%–2% + GST | 24–72 hrs | Apply |
| Fullerton India | From 11.99% | Up to ₹25 Lakhs | Up to 3% + GST | 1–2 working days | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Up to 2.5% + GST | 1–2 days | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Aditya Birla Finance | From 11.99% | Up to ₹50 Lakhs | Up to 2.5% + GST | 48–72 hrs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Up to 4% + GST | 24–72 hrs | Apply |
Applying for an instant personal loan without CIBIL on Fincover is a simple and hassle-free process. Even if you don’t have a strong credit score, you can still secure a loan through alternative eligibility criteria. Here’s how you can do it:
1. Visit the Fincover Website or App: Head over to Fincover’s platform or download their mobile app to begin your loan application process.
2. Choose the Personal Loan Option: Navigate to the Personal Loan section and select the option for “Instant Personal Loan without CIBIL.”
3. Enter Basic Information: Fill out the required details such as name, date of birth, phone number, and employment status. Make sure to provide accurate information to speed up the approval process.
4. Upload Required Documents: Provide the necessary documentation like:
5. Submit the Loan Application: Once all the information is filled in and documents are uploaded, submit the application for verification.
6. Lender Verification: Fincover will forward your application to lenders that offer loans without CIBIL. The lender may verify your alternative credentials such as monthly income, job stability, and repayment ability.
7. Approval & Disbursal: Upon approval, the loan amount will be disbursed directly into your bank account, typically within 24 to 48 hours.
Income Proof: Regular and sufficient income is key. Lenders usually prefer applicants with stable jobs.
Employment History: Fintech companies and NBFCs often evaluate how long you have been employed in your current role.
Age: Applicants must typically be between 21 and 60 years of age.
Indian Resident: You must be a resident of India.
Bank Statements: Lenders often ask for bank statements for the last 3-6 months to assess your financial stability.
Even without a CIBIL score, you will still need to provide documentation to demonstrate your financial stability. The common documents include:
Proof of identity: Aadhaar card, PAN card, passport, etc.
Proof of income: Salary slips, bank statements, or income tax returns.
Proof of address: Utility bills, rental agreements, or passport.
Employment details: Offer letter or employment certificate.
Photographs: Passport-sized photos.
CIBIL SCORE Below 700? Apply for Cibil Repair before Applying for Loan
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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