Updated on: 27 September 2023
Published on: 17 June 2021
An instant personal loan is a great way to finance your needs. Offered by a majority of financial institutions, personal loans are among the most accessible credit options. However, traditional lenders require you to meet certain stringent eligibility criteria to apply for a loan from them.
Among these criteria is a credit score, which gives the lenders an idea about your credit history and risk of default. Given this, it is a crucial criterion that most lenders have. However, a large portion of the country’s population has no or low credit score. As such, knowing how to get a loan without a CIBIL score or credit score is important.
Thankfully, digital advancements have led to the emergence of lenders who offer loans without checking your credit score. Among these, Fibe is a leading digital lending company with a secure and user-friendly website and app for loans which caters even to those who are ‘new to credit’.
Read on to learn how to get a loan without CIBIL score or with a low CIBIL score from Fibe.
Fibe offers a personal loan without CIBIL or credit score requirements, provided you meet the basic eligibility criteria mentioned below:
With Fibe, you only need to upload a few documents to get a personal loan without CIBIL or credit score. Listed below are the documents that you will need to upload.
Follow the steps outlined below on the Fibe website or app for loans without CIBIL score criteria.
Once you choose the loan amount and tenure, the amount will get transferred to your bank account instantaneously. You can choose an amount up to the approved limit and use it as you want.
Fibe offers up to ₹5 lacs as an instant personal loan without CIBIL score requirements at interest rates starting from just 2% a month. Download the Fibe instant loan app for loans without CIBIL score criteria and get started.
Yes, with Fibe, you can get a personal loan if you have no or a low CIBIL score. Fibe does not rely on credit scores and relies on an alternate credit scoring mechanism to assess your eligibility. As such, you can get an instant loan without CIBIL score.
TransUnion CIBIL, one of the most prominent credit rating agencies, assigns a CIBIL score. It is a 3-digit credit score summarising your creditworthiness. It allows lenders to gauge your repayment ability and assess your default risk. The lower the score, the higher the risk. The score is dependent on multiple factors, such as your repayment track record, credit utilisation, credit mix and more.
A score closer to 900 or above 750 is ideal for getting affordable and easy financing through unsecured loans like personal loans.
At Fibe, you can get a personal loan without a CIBIL or credit score in a matter of minutes. All you have to do is register on the app or website and fill in a few basic details to get an instant personal loan.
Fibe’s instant loan app is a leading app for a loan without CIBIL score. You just have to download the app, fill in some basic information and upload the KYC documents for approval.
To get an instant personal loan without CIBIL score, visit Fibe’s website or download the instant personal loan app and complete the 3-step process. Fibe uses an alternate scoring mechanism and offers loans even to those who have a low or no credit score.
If you have no CIBIL score and need immediate funding, visit Fibe’s website or download the app for an instant loan without CIBIL or a credit check. Doing this also helps build your credit score when you repay on time.
Category : Instant Cash Loan
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