Best Instant Loan Apps Without Credit Score 2024 – Everything You Need to Know

Best Instant Loan Apps Without Credit Score: Are you looking for a personal loan and not getting the loan due to a without Credit Score? So here we have brought you some loan apps that provide instant personal loans even if you have a low CIBIL Score.

Before applying for a loan, you need to know about some things like the interest rate on the loan, the processing fee, and the maximum loan amount you can get.

You will get complete information in this article, on the Instant Loan Apps Without Credit Score, so read it till the end and get the loan you need at a low CIBIL loan.

Best Instant Loan Apps Without Credit Score

Interest RateCompetitive Interest rate starting from 15% per annum.
Loan Amount₹5000 to ₹5 lakhs
TenureUp to 60 months
Loan Process100% Online (Minimal Documentation)
CollateralNo Collateral is Required

Key Benefits of Loan Apps

  • Understanding the customers’ needs, the app offers them loan amounts based on their monthly income.
  • The customer gets the freedom to choose the tenure time as per his loan repayment capacity.
  • If your credit score is 650 or more then your chances of getting a loan are very high.
  • You may also get an offer to reduce the processing fees.

Eligibility Criteria for Instant Loan apps without credit score

When applying for a loan on these apps, you have to meet certain conditions that help lenders determine how much loan you can get based on how much risk the lender will take. Interest rates, processing fees, and other charges are determined based on the risk taken by the lender.

  • You must have Indian citizenship.
  • To complete the KYC process, the mobile number has to be linked to the Aadhar card.
  • You must have a fixed source of monthly income.
  • Borrowers must have a minimum CIBIL score of 650 or above.

Documents Required for Instant Personal Loan at low CIBIL Score

To take a loan, it is important to have the most important documents which help you in loan approval. In most cases, the loan is rejected due to lack of documents. Below is a list of all the documents you require while applying for a loan.

  • PAN card
  • Aadhar card should be linked to your mobile number.
  • Identity Proof: Any one of the documents – PAN Card, Aadhar Card, Voter ID Card, Driving License
  • Proof of Address: Any one of the documents – Aadhar Card, Passport, Voter ID Card
  • Income Proof: Income Tax Return with calculations, salary slip, balance sheet, and 6-month savings bank account statement.
  • Business Proof: GST Registration Certificate, MSME Registration Certificate, or any business certificate issued by the Government.
  • Passport-size photograph.

Best Loan Apps Without Credit Score 2024

Best Instant Loan app for Low credit score
Best Instant Loan app for Low credit score

There are some apps available in India that give you instant loans without checking your credit score. Below is their list which you should read carefully.

Fibe (EarlySalary)

  • Loan amount: ₹5000 to ₹5 lakh
  • Interest rate: 15% per annum onwards
  • Features: Instant payouts within 10 minutes, 24/7 availability, and 100% digital application process. Offers salary advance and allows taking multiple loans daily even with existing loans.


  • Loan amount: Credit line up to ₹2 lakhs
  • Interest rate: 14% per annum onwards
  • Features: Option of repayment within 24 months and loan application based on PAN and Aadhar cards. The entire process is 100% digital, fast and easy and the loan is transferred to your bank account in no time.


  • Loan amount: ₹4000 to ₹1 lakh
  • Interest rate: 20% to 36% per annum onwards
  • Features: The loan amount is transferred to your account without any guarantee and hidden charges. you can take a SmarCoin personal loan for domestic or international vacations, weddings, higher education, card purchases or home repairs.

FatakPay Personal Loan

  • Loan amount: ₹1500 to ₹20000
  • Interest rate: Lower interest rates from 12% to 35.95% per annum onwards.
  • Features: Enjoy 100% digital and hassle-free processing, no collateral required, repayment tenure between 3 to 24 months, cashback, and gift cards with a rewards program.

Lendingplate Personal Loan

  • Loan amount: ₹10,000 to ₹2.5 lakh
  • Interest rate: 12% to 36% per annum onwards
  • Features: In this loan, you get 3 to 15 days to repay the loan. Even if you delay the loan EMI by 3 days, there will be no additional charges. Get a 100% digital and instant loan with or without a credit score.

Fees and Charges for an Instant Personal Loan Apps

Interest Rate12% to 36% per annum onwards
Processing Fees1% to 5% on loan amount
Foreclosure ChargesUp to 5% or NIL when paid on or after 1st EMI due date
Overdue interest rate0.5% to 2%
Stamp DutyAs per State law

FAQs Related to Instant Loan Apps without Credit Score

What are instant loan apps without credit scores?

Instant loan apps without credit scores are financial applications that offer loans to individuals without requiring a traditional credit score check. These apps evaluate eligibility based on other factors such as income, bank account activity, and spending behaviour.

How do these loan apps determine eligibility?

Lenders offer the loan amount to the borrower based on his bank details and spending habits. Apart from this, his age, income and employment status are also considered.

Can I get an instant loan without a credit score?

Yes, you can get an instant loan even without a credit score. Some lenders in India give you loans after checking your bank statements, spending habits and employment status. If you have a poor credit score, you can take secured loans like gold loans, car loans, loans against property, etc.

Which app gives instant money without a CIBIL score?

Many apps give you loans without checking your credit score like Smartcoin, Kissht, FatakPay, Lendingplate etc.

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