Loan Apps without Credit Score
Credit score or CIBIL score comes into play when you are applying for a loan, and it becomes troublesome to get your loans approved if you have a low CIBIL score. To increase their customer base and facilitate them with additional services, most banks and small finance companies are going digital in terms of providing instant loans to their customers.
These companies offer easy loan approvals by promoting their businesses through loan apps without a credit score. Customers can get personal loans even with or without credit scores through these apps if they fulfill the required eligibility criteria. Here are more details about loan apps without a credit score.
Top Loan Apps Without CIBIL Score 2025
The following is the list of loan applications that offer loan without CIBIL score 2024:
- EarlySalary
- FlexSalary
- Nira
- SmartCoin
- MoneyTap
- PaySense
- mPokket
- CASHe
- Home Credit
- Dhani
The following is the list of interest rates offered by the loan apps without or low CIBIL score:
Loan Apps | Interest Rate |
PaySense | 1.40% to 2.30% per month |
KreditBee | 1.02% per month onwards |
CASHe | 2.50% per month onwards |
L&T Finance | 13% p.a. onwards |
MoneyTap | 1.08% per month onwards |
Prefr | 18% to 36% p.a. |
Faircent | 12% to 28% p.a. |
InCred | 16% to 36% p.a. |
IIFL Finance | 12.75% to 33.75% |
Fibe (EarlySalary) | Rs.9 per day onwards |
MoneyView | 1.33% per month onwards |
Loanbaba | 0.10% per day onwards |
Features of Loan Apps Without CIBIL Score 2025
The following are the features of loan apps without CIBIL score :
- You can apply for a personal loan using these loan apps without a credit score if you do not have a good CIBIL score.
- For low CIBIL score, companies charge interest rates up to 20% to 36%, which gets reduced if you use these loan apps and repay the loan on time.
- The processing fee of 2.00% to 3.00% along with GST (Goods and Services Tax) on loan amount is deducted from principal amount which gets credited to your bank account.
- If you are applying for loan for the first time using these apps and repaying loan amount on time, then the company will increase loan amount up to maximum Rs.5 lakh.
Loan Eligibility without CIBIL Score
The following are the required eligibility criteria to apply through loan apps without CIBIL score 2025:
- The applicant must be 21 years old
- The Aadhar and PAN card should be linked to the registered mobile number
- Internet banking should be used in mobile banking for online personal loans
- Applicant should have sound source of income and the salary account should be with the bank through which they wish to apply for loan
Documents Required
The following are the required documents for applying through loan apps without CIBIL score:
- Mobile number
- Bank account details
- Real selfie with camera
How to Apply for a Loan Through Apps Without a CIBIL Score
The following are the steps to apply through loan apps without CIBIL score 2025:
- Install any mobile application that facilitates personal loan without CIBIL score
- Provide mobile number and other personal details for registration
- Complete the online KYC (Know Your Customer) by entering the PAN and Aadhar details
- Enter the OTP (One Time Password) received on your mobile number
- Link your bank account with the mobile application
- Loan offers will be received from the company as per your banking history
- Click on apply if you agree with the terms and conditions.
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FAQs on Loan Apps without Credit Score
- Can I get a loan without a credit score?
Yes, you can get a loan of small amount with gurantor without or with low CIBIL score. The guarantor can be parents, spouse, or sibling and this improves the CIBIL score, thereby improving the chance of online loan getting approved without CIBIL score.
- What factors lower the CIBIL score?
Some of the vital factors that impact the CIBIL score negatively are multiple hard credit inquiries; multiple unsecured loans; high credit utilization ratio; default in loan payment history; rejection in loan application is a short duration; making debt settlement with the bank; and un-diverse mix of credit.
- How to improve my CIBIL score?
To improve your CIBIL score you need to loan EMI and credit card bill payment on time; avoid making too many hard inquiries; report the CIBIL agency in case any inaccuracies in the CIBIL report; keep your credit utilization ratio low; and avoid closing your unsecured credit cards.
- What are the other options to apply for loan without CIBIL score other than loan app?
There are various other options to apply for loan other than applying through loan apps without CIBIL score and some of those options are providing income proof; apply with NBFC; applying with co-applicant; applying for low amount; applying for secured loan; improving credit score; applying close your unsecured credit cards.
CIBIL Score Requirements for Loans
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