Get Instant Personal loan Without CIBIL Score (-1 or 0 or NAN)
- 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
What is a CIBIL Score, and Why is it Important?
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.
Can You Get a Personal Loan for -1 or 0 Cibil score?
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:
- Employment status: Proof of a stable job and income source.
- Income level: Monthly income is a strong factor for lenders. A higher income can increase your chances of approval.
- Bank transactions: Regular and transparent transactions in your bank account reflect financial stability.
- Alternate credit assessments: Some lenders use social profiles, purchase patterns, and online behavior for credit assessment.
Comparison of Personal Loan Interest Rates of Banks (2025)
| 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 |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| 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 |
How to Apply for a Personal Loan on Fincover for Instant Personal Loan Without CIBIL?
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:
Step-by-Step Process:
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:
- Proof of Identity (Aadhaar Card, PAN Card)
- Proof of Address (Utility Bills, Rent Agreement)
- Bank Statements (Last 3–6 months)
- Salary Slips (if employed)
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.
Eligibility Criteria for Instant Personal Loans for (-1 or 0) CIBIL
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.
Documents Required for Personal Loans for (-1 or 0) CIBIL
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
