If you are new to credit and have zero credit history, the chances of having zero CIBIL score are high for you. Don’t worry, you can still get an instant loan without CIBIL. You can look out for online personal loan providers who do not require any credit score. You can also apply with a co-applicant or avail of a secured personal loan without CIBIL.
There are many options of instant loan without credit score or low CIBIL score. The most preferred ones are mentioned below:
Applying for an instant loan without CIBIL and salary slip is a challenging task as most lenders don’t offer loan without cibil check. However, you can still get a loan through the following ways:
The reason behind having a lower CIBIL score can be any of the following:
There are several benefits of having a good CIBIL score, such as:
Following are some tips to improve your CIBIL score:
Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.99% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.
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Yes, you can get an instant loan without CIBIL by opting for secured loans against gold, self-owned property, securities, and so on. You can also opt for online personal loan providers or apply with a co-applicant.
CIBIL score ranges between 300 to 900. A score between 300 and 549 is considered to be a bad CIBIL score.
A score below 650 is considered to be a low CIBIL score and signifies a poor repayment behaviour of past credit, whereas no CIBIL score means the person has zero credit history or is new to credit.
Yes, you can take a loan against security if you have security in the form of bank deposits, insurance policies, mutual funds, bonds, and so on. Loans against securities are usually offered as an overdraft facility in your account after depositing your securities.