LATEST UPDATE

Personal Loan Cibil Score: कम सिबिल स्कोर पर मिल रहा ₹50000 का तुरंत लोन, ऐसे करे अप्लाई

Get a personal loan of up to ₹5 lakh even with zero CIBIL score. Learn about eligibility, interest rates, fees, required documents and application steps.

📅 Updated 09 Jun 2024

📂 Category Sarkari Yojana

🔥 Status LATEST UPDATE

Zero CIBIL Score Personal Loan – Complete Guide

About the Offer

Several lenders now provide instant personal loans ranging from ₹500 to ₹5 lakh even if the applicant’s CIBIL score is zero. The loans are approved by RBI‑registered NBFCs, require minimal paperwork and do not demand collateral or a guarantor.

Key Features

Loan amount: ₹500 – ₹5,00,000
Interest rate: 26 % – 36 % per annum (varies by lender)
Processing fee: 10 % of the loan amount or up to ₹9,000 (whichever is lower)
GST: 18 % on processing fee
Late‑payment penalty: Daily penalty applicable
Disbursement: Direct transfer to borrower’s bank account after approval

Eligibility Criteria

Citizenship	Indian citizen
Age	21 – 59 years
Income	Regular monthly income source required
Banking	Savings account linked with Aadhar & mobile number
Other	Valid Aadhar, PAN, online selfie, bank statement, internet banking or debit card for NACH

Documents Required

Aadhar card (mobile number linked)
PAN card
Online selfie
Bank statement
Aadhar OTP (for loan agreement signing)
Internet banking/Debit card (for NACH mandate)

Interest Rates & Processing Fees by Lender

Lender	Loan Range	Interest Rate	Processing Fee
PayMeIndia	₹500 – ₹5,00,000	1.5 % per month	10 % or ₹9,000 max
Upwards	Up to ₹5,00,000	9 % per annum	10 % or ₹9,000 max
StashFin	₹1,000 – ₹5,00,000	11.99 % per annum	10 % or ₹9,000 max
Zest	Up to ₹5,00,000	14 % per annum	10 % or ₹9,000 max
Home Credit	₹10,000 – ₹5,00,000	2 % per month	10 % or ₹9,000 max
Navi	₹5,000 – ₹5,00,000	9.90 % per annum	10 % or ₹9,000 max
Early Salary	₹5,000 – ₹5,00,000	16 % per annum	10 % or ₹9,000 max
Fibe	₹5,000 – ₹5,00,000	₹9 per day	10 % or ₹9,000 max
Kishht	₹1,000 – ₹5,00,000	14 % – 36 % per annum	10 % or ₹9,000 max
PaySense	₹5,000 – ₹5,00,000	1.4 % – 2.3 % per month	10 % or ₹9,000 max
MoneyTap	₹3,000 – ₹5,00,000	1.08 % per month	10 % or ₹9,000 max
MoneyView	₹5,000 – ₹5,00,000	1.33 % per month	10 % or ₹9,000 max
IIFL Finance	₹5,000 – ₹5,00,000	12.75 % – 33.75 % per annum	10 % or ₹9,000 max

How to Apply

Download the lender’s mobile application from Google Play Store or Apple App Store.
Register using the mobile number linked to your Aadhar.
Complete KYC by uploading Aadhar, PAN, online selfie and providing bank details.
Submit the loan request; the platform will instantly assess eligibility.
If approved, verify the loan offer using Aadhar OTP.
Sign the loan agreement electronically (Aadhar OTP required).
Set up NACH mandate via internet banking or debit card for auto‑debit of EMIs.
Upon successful verification, the sanctioned amount is credited directly to your bank account.

Why Choose This Loan?

No collateral or guarantor needed.

Official Links

Visit the respective lender’s official website or download their app for the most up‑to‑date information.

Related Categories

FAQ

Can I get a loan with a zero CIBIL score? Yes, several RBI‑registered NBFCs provide personal loans up to ₹5 lakh without requiring a credit score.
What is the maximum loan amount? The ceiling is ₹5,00,000, though individual lenders may have lower limits.
Is any collateral required? No collateral or guarantor is needed.
What documents are mandatory? Aadhar card, PAN card, online selfie, bank statement, and Aadhar OTP for agreement signing.
How is the processing fee calculated? It is 10 % of the sanctioned amount or a maximum of ₹9,000, whichever is lower, plus 18 % GST.
What is the age limit? Applicants must be between 21 and 59 years old.
Do I need a savings account? Yes, a savings account linked with your Aadhar and mobile number is required.
How are EMIs deducted? Through NACH mandate using internet banking or debit card.
Is the loan available in all regions? Availability depends on the lender’s service coverage; check the app for your city.
What happens if I miss an EMI? A daily penalty is charged on the overdue amount.

Conclusion

Zero CIBIL score personal loans provide a viable financing option for individuals lacking a credit history. With minimal documentation, no collateral, and quick disbursement, borrowers can secure up to ₹5 lakh for personal needs. Evaluate the interest rates, processing fees, and repayment terms of each lender before applying to choose the most suitable offer.

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