Loan Apps Without Credit Score

Loan Apps Without Credit Score – Instant Approved(2024)

I think you hear that credit score is the main player in obtaining a loan. But it’s impossible to have CIBIL score each borrower. Most lenders are offering loans through digital platforms. These applications bypass traditional metrics and leverage alternative data points to assess creditworthiness.

Let’s check out loan apps without a credit score. Explore features, benefits, and more…

Benefits and Features of Loan Apps Without Credit Score

No CIBIL Required: Opt for a loan without a credit score from apps. Using alternate data metrics such as income, employment history, and credit score. Borrowers have the opportunity to obtain a loan without a credit check.

Faster Approval Process: Skip the traditional loan process and go with digital for faster approval. Borrowers get funds quickly when needed to cover unexpected expenses.

Build Credit Score: Improve your credit profile by obtaining instant loans from the application. Borrower repayment behavior builds credit bureaus report. These apps build decent credit scores that unlock future financial opportunities.

Processing Charge: The processing fee is 2 % to 3% plus GST will included with the total loan amount. The loan amount will be credited after deducting the processing fee.

Eligibility of Loan Apps without CIBIL Score

  • Borrower residence should be Indian
  • Age must start from 21 years
  • Borrower steady source of income required
  • You must activate Internet banking
  • An Aadhaar card should linked with a phone number

Also Read: May I get a loan with a good salary at a Minus CIBIL score?

Essential Documents

It’s easy to apply from loan apps without a credit score with the below-required documents:

  • Aadhaar Card
  • Pan Card
  • Applicant Bank Account Details
  • Email ID
  • Phone Number
  • Selfie Photo

List of Loan Apps Without Credit Score

ApplicationInterest RateLoan Amount
Nira24% to 36% p.a.Rs. 5,000 to Rs. 1 Lakh
FlexSalary18% to 36.5% p.a.Up to Rs. 3 Lakh
Olyv (Smartcoin)20% to 36% p.a.Rs. 1,000 to Rs. 5 Lakh
mPokket 12% to 36% p.a.Rs. 500 to Rs. 30,000
CASHe 2.25% per monthUp to Rs. 4 Lakh
Home Credit 2% per monthUp to Rs. 5 Lakh
Loanbaba 0.10% per dayRs. 5,000 to Rs. 2 Lakh
MoneyTap12% to 36% p.a.Rs. 3,000 to Rs. 5 Lakh

Also Read: 5 Instant Loan Apps You should Try


You should check these applications that provide loans without CIBIL scores. Before applying, recheck eligibility and other details. It will help to reduce rejection and the loan approval process will complete fast. You need an Android phone to apply for the loan from apps.


  1. May I get a Rs. 30,000 loan without a credit score?

    Yes, it is possible to get a loan of Rs. 30,000 without a CIBIL score. An application like Nira, FlexSalary, Smartcoin, and mPokket offer the desired loan amount.

  2. Is without a CIBIL score and a lower CIBIL score the same?

    No, without a credit score means you have no previous loan track also called minus 1 CIBIL and a lower credit score means you are holding a low CIBIL score such as 500 or 650.

  3. Can I get a loan with a low credit score?

    Yes, some lenders provide loans at low credit scores such as CASHe, mpokket, etc. Also, you should read the eligibility criteria before applying.

  4. Can I take a personal loan without a credit score?

    A salaried person with a Rs. 12,000 net salary can apply for a personal loan without holding a CIBIL score. Loan applications like WeRize offer up to 5 lakh loans instantly.

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