Get a Loan of Up to ₹20,000 Without a CIBIL Score If your CIBIL score is not good or you have never taken a loan before, there is no need to worry. Many banks and finance companies now provide loans of up to ₹20,000 even without a CIBIL score.
In this blog, we will explore how to get a loan without a CIBIL score, the required documents, and the application process.
Top companies and apps offering loans without CIBIL score
| लोन प्रोवाइडर | लोन राशि | ब्याज दर | लोन अवधि |
|---|---|---|---|
| KreditBee | ₹1,000 – ₹50,000 | 12% – 24% | 3-12 महीने |
| MoneyView | ₹10,000 – ₹5 लाख | 15% – 36% | 3-60 महीने |
| Navi Loan | ₹10,000 – ₹20 लाख | 9.9% – 36% | 3-72 महीने |
| Dhani App | ₹500 – ₹50,000 | 0% – 24% | 3-24 महीने |
| PaySense | ₹5,000 – ₹5 लाख | 16% – 36% | 3-60 महीने |
Why Is a Loan of ₹20,000 Available Without a CIBIL Score?
Many NBFCs (Non-Banking Financial Companies) and digital loan apps now offer loans to individuals with low or no credit scores.
Key Reasons:
Instant approval with Aadhaar card and PAN card
Growing demand for digital loan services
Low risk on small loan amounts
Fast processing and easy documentation
If you need a personal loan of up to ₹20,000 and have a low CIBIL score, you can apply through various loan apps and NBFCs.
Who Can Get a Loan Without a CIBIL Score?
- Students who need small loans for studies.
- New job holders without a credit score.
- Self-employed individuals who need quick financial assistance.
- Housewives and freelancers who want to take a loan without income proof.
Documents Required for a ₹20,000 Loan
- Identity Proof – Aadhaar card / PAN card / Voter ID
- Address Proof – Aadhaar card / Driving license / Electricity bill
- Bank Statement – Last 3 to 6 months
- Income Proof (if available) – Salary slip / GST registration / IT returns
- Mobile Number and Email ID
Even if you don’t have income proof, some NBFCs and loan apps can approve loans based on your Aadhaar card and bank statement.
How to Get a Loan of ₹20,000 – Application Process
- Download a loan app (like KreditBee, MoneyView, Navi, Dhani).
- Register using your mobile number.
- Upload Aadhaar card and PAN card.
- Submit bank statement and other required documents.
- Choose loan amount and tenure.
- Money will be credited to your bank account after approval.