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Tata Capital > Blog > Personal Use Loan > 5 Easy Ways to Get an Instant Loan With No CIBIL Score

Personal Use Loan

5 Easy Ways to Get an Instant Loan With No CIBIL Score

5 Easy Ways to Get an Instant Loan With No CIBIL Score

Amit urgently needs funds and decides to take an instant loan, but he realises that his low CIBIL score could pose a problem. Fortunately, there is a solution! A no-credit-check loan allows borrowers with low or no CIBIL score to receive instant funds without undergoing a hard credit inquiry of their credit report.

Here's how you can apply for an instant loan without a CIBIL score.

How to Get an Instant Loan Without CIBIL Score?

Even with no CIBIL Score, there are options to get an instant loan. Here are five ways to do it:

  1. Apply with a guarantor.
  2. Request a smaller loan amount.
  3. Provide income proof.
  4. Offer collateral.
  5. Explain credit inactivity.

1. Apply with a guarantor

Get a guarantor with a good CIBIL score to get a loan without a credit score. Family members, like parents or siblings, can act as guarantors for personal loans. You'll, however, need to ensure that the person who acts as guarantor has a good score.

2. Apply for a small loan amount

Lenders view higher loan amounts as risky for customers with a lower CIBIL score. Therefore, if you are applying for an instant loan with a low CIBIL score, apply for a smaller amount.

3. Apply with income proof

To improve approval chances to get an instant loan without a CIBIL score, apply with valid income proof, such as a salary slip, tax returns, profit and loss statement, or TDS certifications.

4. Apply for a collateral-based loan

Offer collateral, such as property, as a security deposit to secure an instant loan with a low credit score. This is not typically required for personal loans but may be needed with a low credit score.

5. Get an NH or HN on your credit report

Your credit report's NA or NH indicates that there has been no recent credit activity. However, you can explain credit inactivity to the lender to increase your chances of getting an instant loan without CIBIL.

Different Types of No Credit Check Loans Available?

Indian banks refer to no-credit-check-loans by specific names such as secured loans. Given below are the different types of no-credit-check loans available:

1. Loan against credit card balance

2. Education loan

3. Car loan

4. Loan against property

5. Business loan

Pros & Cons of Taking a No Credit Check Loan

If you plan to apply for a low CIBIL loan, it's important to weigh its advantages and disadvantages.


1. Lenders won't look into your credit score

The biggest benefit of no credit check loans is that it won't matter what your credit score is. You can move forward with the application without worrying about obtaining a bad rating.

2. Fast approval

No credit check loans are ideal for people who urgently need cash as soon as possible because the process is assured to take less time than traditional loans.

3. Required minimal paperwork

Unlike typical loans, which require many financial papers in addition to your credit score, no-credit-check loans require minimal documentation and paperwork.


1. High-interest rate

They usually charge a high-interest rate to ensure that the lender can avoid risks in granting a loan to a borrower that does not have a credible credit score.

2. Unfavourable loan terms

Lenders tend to set unfavourable loan terms for borrowers without a credit history or collateral, as no credit check is involved in the loan process.

3. Prone to risks and scams

Applying for no credit check loans online carries a risk of security breaches and identity theft, and there is also a likelihood of loan scams by fraudulent lenders.

To conclude

Although a no-credit-check loan can be sanctioned without a CIBIL score, you'll be charged a high rate of interest. Therefore, if you need urgent access to funds, like Amit, turn to Tata Capital. We offer personal loans at affordable interest rates with minimal documentation.

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