Instant Loan without CIBIL

How can we get an instant loan without CIBIL?

Are you looking forward to borrowing a personal loan online? A loan is affordable and can be paid back in a short period of time. This loan can be applied online and can be used for a variety of purposes without your lender knowing your reason for borrowing the same. A personal loan is beneficial for financial emergencies as you can withdraw instant cash. Now that you are looking for a personal loan, you must have read through the basic requirements like the average monthly income from INR 25,000 to Rs. 30,000 from a verified source, the age of the borrower to be a minimum of 18 years, the documents required, and also the CIBIL score. The CIBIL score can be tricky to understand if you have no idea about how it works and the role it plays in your personal loan approval. In this article, we will discuss how to get an instant loan without CIBIL check. To make your loan borrowing process hassle-free, we will share with you all you need to know about CIBIL scores in India. 

Table of Contents

The following topics will be discussed in this article. You can find more information about CIBIL scores, instant cash loans, an urgent loan with bad credit scores in India, and loans without CIBIL in the following sections:

  • What is Loaney?
  • What is CIBIL and CIBIL credit score?
  • The importance of CIBIL score
  • Can we get an instant loan without CIBIL?
  • Steps to get Loaney instant loan without CIBIL?

What is Loaney? 

Considering the raging pandemic scenarios across the globe, most services have been made available online to users. Banking and finance-related services are increasingly being digitalized keeping in mind the risks of leaving home to go out. Online personal loan services have made instant cash loans more accessible for people. A lot of platforms offer personal loans online these days. In such a case it becomes important to choose a platform that not only serves the purpose of lending a personal loan but is also safe and user friendly.

One such online platform for borrowing personal loans is Loaney. Loaney is a digital platform where you can apply for your instant cash loan and get it approved within a few clicks from the comfort of your homes. You can easily register on Loaney and apply for an instant personal loan that is offered for very affordable interest rates and get your loan approved instantly. You do not need collateral or a guarantor to avail a personal loan on Loaney. Your information will be kept confidential by Loaney and you do not need to specify a reason for borrowing the amount. 

Loaney makes the online loan borrowing process hassle-free for its users. You can apply for a personal loan of up to Rs. 15,000 with minimum documentation by following a simple application process. You can complete your application by filling in some basic personal details and applying for your instant personal loan which will be approved within a few minutes of the application. 

Loaney offers an instant loan of up to Rs. 15,000 for almost 2 months at interest rates lower than most borrowing platforms. 

What is CIBIL and CIBIL credit score?

Previously known as the Credit Information Bureau India Limited, the TransUnion CIBIL Limited is a credit rating agency that maintains a record of the credit-related activities of individuals and companies. This information includes information about credit cards and loans borrowed by the people and the companies. 

As mentioned on the official CIBIL website, “The bureau provides information and tools for gaining a clear understanding of their credit history and financial reputation, and guarding against the theft of personal information and potential fraud.” 

Your credit score is one of the most important criteria of evaluation used by loan providers to judge whether you will be able to pay back the loan or not. It is like a history of your previous credit-related activity which will determine if you are worthy of borrowing another loan. 

The CIBIL Score is a three-digit number that is the reflection of a person or company’s previous credit-related activities. It is a reflection of your credit profile and a summary of your credit history. The CIBIL score ranges from a minimum of 300 to a maximum of 900. The higher your CIBIL score, the better your chances of getting your personal loan approved. A CIBIL score of 750 or above is considered a good CIBIL score and ensures a faster and easier loan approval.

Further in this article, we will look at the importance of the CIBIL score for instant loan approval and how to get an urgent loan with bad credit in India.

The importance of CIBIL score:

When you read through the eligibility criteria of availing of a personal loan in India, you can find the following points:

  • You must have a monthly income of at least Rs. 25,000-Rs. 30,000 from a verified source.
  • You must be a citizen of India who is at least 18 years old.
  • You must not be on the CIBIL defaulter list and have a CIBIL score of 750 or more. 

CIBIL is an important aspect that needs to be taken care of while applying for your personal loan. By assessing your CIBIL score, the lender wishes to ensure that you have a good credit history and will be willing to repay the loan borrowed well within time. 

Maintaining a high CIBIL score is not a very difficult task. With just a few steps, you can have a good CIBIL score and ensure your personal loans are approved without much problem. To maintain a high CIBIL score, you must be vigilant about your expenses. Timely payments also improve the CIBIL score. The following points are looked at by loan providers while assessing your CIBIL scores:

  • Timely payments of bills.
  • Timely payments of installment of loans.
  • Maintenance of the regular payment period.

A low CIBIL score does not imply that you will not be able to avail of a personal loan. In the next section, we will discuss how to get an instant loan without CIBIL.

Can we get an Instant Loan without CIBIL?

From the above discussion, you might feel that without a good CIBIL score, you might not be able to avail of a personal loan. Availing of a personal loan without CIBIL can be a difficult task but is not completely impossible. You can get an urgent loan with bad credit in India, by keeping in mind the following:

  • A loan that has been borrowed also needs to be repaid. Borrow an amount that you are sure you can repay on time. 
  • You must not miss any payment deadlines and avoid late fees charges. 
  • Do not exceed your credit card limit. Keep a check on the payments made using your credit card. 
  • Close a defaulted account. If you have previously been listed among the defaulters, you must open a new account. 
  • Opt for loans that require a guarantor. Choose a guarantor who has a good CIBIL score and good payment track records to back you up when the loan has to be paid.

Steps to get Instant Loan without CIBIL in India

You can easily apply for a personal loan without CIBIL on Loaney. You need to follow these easy steps for the same.

  • Fill up the application form with your basic personal details.
  • Post this, your form will be reviewed by the site and the site will proceed with the further procedure.
  • The final step is lending the money. The loan amount will be sent to you within a few minutes. 

You will require the following documents for the above-mentioned procedure:

  • Pan Card
  • The mobile number linked with Aadhar Card
  • A picture of the applicant
  • Bank account with internet banking


To help you clear any more doubts that you would have about a loan without CIBIL, we have answered a few commonly asked questions.

1. What is the easiest Loan to get?

A personal loan is one of the easiest loans to avail of. You do not need any collateral or guarantor and the interest rates are low. Not much documentation is required and you can avail yourself of the same online. You do not need to specify a reason for borrowing a personal loan and can use it for a variety of purposes.

2. Can I get Rs. 10,000 loan without credit?

To avail an instant loan of Rs. 10,000 without a credit score, you can apply on Loaney. Loaney offers an instant personal loan of up to Rs. 15,000 to its users without any credit scores. Loaney will only require your basic documentation like Adhar card, Pan card, and bank account connected to your mobile number.