Can you Apply for an Instant Loan without CIBIL?

The importance of a high CIBIL score cannot be underestimated if you need any form of credit such as personal loans. Higher the CIBIL score, better are the chances of availing an affordable loan. However, what if you have a low CIBIL score or no CIBIL score at all? Can you still get an instant loan without CIBIL score or a personal loan without CIBIL scores?

Read on to know more.

Personal Loan without CIBIL score

If you are new to credit, chances are that you may not have a CIBIL score. The good news is that, despite this you can still avail a personal loan.

However, before you proceed to apply for an instant loan without CIBIL scores, the following pointers must be kept in mind -

Money View Personal Loan without CIBIL Score

At Money View, we use a unique credit rating system that allows even those with a relatively low CIBIL score to avail our advantageous personal loans. As long as your CIBIL score is 650 or above, you can still get an instant loan from us.

How to Have a Good CIBIL Score

To have a good CIBIL score, the most important step is that you must not be a loan defaulter.  You must pay your debts on time and have a good credit history. 

You must also not use too much credit or frequently keep applying for new credit cards. Apart from these, you must also not take many unsecured loans. A healthy mix of secured and unsecured credit is ideal. 

If you fulfill these requirements, then you can expect your credit score to be above 750. And once you have a high CIBIL score, you can apply for any type of loan easily. Here are a few more benefits of having a high CIBIL score.

How to Apply for a Money View Personal Loan Without CIBIL


Check Eligibility

Visit the Money View website or loan app. Provide the required details and we will let you know your eligibility in 2 minutes.


Select Loan Tenure

Based on the options provided, select the loan amount and repayment term of your choice


Upload Documents

Upload the required documents online easily and effortlessly


Amount Disbursed

After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours



Getting an instant loan or personal loan without CIBIL is not easy as one’s creditworthiness is an important eligibility criteria. Lower your CIBIL score, higher is the risk for lenders which is why even if loans are disbursed, it will be at higher rates of interest and lower repayment terms. Therefore it is essential to start building credit if you have none or increase your CIBIL score if it is low. For more tips on how to increase your CIBIL score, check out this blog.

Instant Loan without CIBIL - FAQs

A CIBIL score is the numeric representation of an individual’s creditworthiness ranges from 300 to 900.

The score depends on the consumer’s credit behavior. These details are shared by banks and lenders with CIBIL frequently. It is also based on your loan accounts, payment history, outstanding amounts, etc. If your score is somewhere near 900, then you can get any loan approved without difficulty. Usually, a score above 750 is considered a good score.

CIBIL scores generally range from 300 to 900 and any score above 750 is considered to be ‘good’ which means that you can avail loans easily and at affordable rates of interest. However, scores lower than this is not ideal, especially those below 600. You may find it difficult to get loan approval and even if you do, it will be at high interest rates and low repayment terms.

No, you cannot. While those who are new to credit and do not yet have a CIBIL score can avail loans at higher rates of interest, if you do not have income proof you cannot avail personal loans. This is because the lender needs proof of your ability to repay which is through your proof of income.

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