In today’s time, the need for Instant Personal Loan may arise at any time. But, if your CIBIL score is not good or you do not have a credit history, then it may be difficult to get a loan. However, now many banks and finance companies give loans up to ₹30,000 even without CIBIL score.
In this article, we will tell you how to get ₹30,000 Loan Without CIBIL Score, its application process, eligibility, required documents, and top banks/NBFCs that offer this loan.
What is CIBIL Score?
CIBIL Score is a three-digit number (between 300-900) that reflects your credit history and loan repayment ability. Generally, a score of 750 or above is considered good.
But even if your CIBIL score is low or you have no credit history, you can still get a loan without CIBIL score.
How to get ₹30,000 loan without CIBIL score?
Now many finance companies and digital platforms offer Instant Personal Loan, which does not require CIBIL Score. These loans are given mainly on the basis of your income, job status, and documents like Aadhaar card.
Eligibility for Loan Without CIBIL Score
- Minimum Income: ₹12,000 per month
- Age Limit: 21 to 58 years
- Employment Status: Salaried or Self-Employed
- Indian Citizenship is mandatory.
Documents Required for Loan without CIBIL Score
- Identity Proof: Aadhar Card, PAN Card
- Address Proof: Electricity Bill, Ration Card
- Income Proof: Salary Slip, Bank Statement
- passport size photo
Loan Apply Process for ₹30,000 Loan
Step 1: Choose preferred platform – Choose the right loan app or NBFC for loan without CIBIL score.
Step 2: Register – Create an account with your mobile number and email ID.
Step 3: Complete KYC – Upload Aadhar Card, PAN Card and Bank details.
Step 4: Select the loan amount – Choose an amount from ₹5,000 to ₹30,000.
Step 5: Loan Approval – Loan will be approved within 10 minutes of application.
Step 6: Fund Transfer – After approval, the amount will be transferred to your bank account.
Top Platforms Offering Loan Without CIBIL Score
- Loan
- Loan amount: ₹1,000 – ₹50,000
- Interest Rate: 1.5% – 2.49% per month
- Feature: Quick approval and loan in 10 minutes
- MoneyTap
- Loan amount: ₹3,000 – ₹5 lakh
- Interest Rate: 1.08% per month
- Feature: Flexible Loan Amount
- Cash
- Loan amount: ₹5,000 – ₹1 lakh
- Interest Rate: 2.5% – 3% per month
- Feature: Quick Loan Without Credit Score
- PaySense
- Loan amount: ₹5,000 – ₹5 lakh
- Interest Rate: 1.4% – 2.3% per month
- Specialty: Minimal documentation and quick processing
- mPoked
- Loan amount: ₹500 – ₹30,000
- Interest Rate: 1.5% – 4% per month
- Speciality: Also available for students
Benefits of Loan Without CIBIL Score
- Quick Approval: Loan approved within minutes of application.
- Minimal Documentation: Loan only against Aadhar and PAN card.
- No Credit History Required: Suitable for first-time loan borrowers also.
- Online Application (100% Online Process): Do the entire process sitting at home.
Things to keep in mind while taking loan without CIBIL score
- Interest Rate: The interest rate may be higher compared to other loans.
- Hidden Charges: Understand all charges before applying.
- Repayment Ability: Plan to repay the EMI on time.
- Authenticity: Take loan only from trusted platforms.
FAQs related to ₹30,000 loan without CIBIL score
Q1: Can I get a loan of ₹30,000 without CIBIL score?
Yes, many digital lending platforms offer loans up to ₹30,000 without CIBIL score.
Q2: How much time will the loan take to be approved?
Loan can be approved in 10 to 15 minutes after application.
Q3: Which banks give loans without CIBIL score?
NBFCs and fintech companies like CASHe, MoneyTap provide loans without CIBIL score.
Q4: Can I take a loan even if I am unemployed?
If you have an alternative income source or a guarantor, you can get a loan.
Conclusion
Even if your CIBIL score is not there or is low, you can easily take an instant loan up to ₹ 30,000. All you need to do is choose the right platform and complete the application process.
Improve your credit score by paying EMIs on time and prepare yourself for bigger loans in future.
