ianloans

Instant Loan Without CIBIL Score

Even though CIBIL Score is mandatory, there are still several options available to get your Personal loan without CIBIL Score required by lenders.

Provide Income Proof

You need to prove to the lender that you will be able to repay the loan. Banks may consider your loan application if you have a stable monthly salary or steady income. Your salary slips or bank statement will give your lender the confidence to grant you the loan without CIBIL score.

Consider Collateral-based Loans

Typically, Personal Loans do not require you to furnish collateral. However, if your credit score is low, collateral serves as a security deposit for lenders. You can pledge your property, jewellery or any other valuable asset in lieu of the loan amount.