Getting a loan through traditional banks can be tough if you don’t have a credit history. Many people, like students, freelancers, or first-time borrowers, face rejection simply because they haven’t built up a credit score. This is where loan apps without credit score requirements come into the picture. These apps were created to offer financial support to individuals left out of the traditional credit system.
This blog will explain how these loan apps work, their advantages, and the best options available. If you’ve been struggling to get a loan due to your credit score, these loan apps might be the perfect solution for you!
List of The Loan Apps without Credit Score
For many, the absence of a credit score can feel like a barrier to obtaining necessary financial support. Let us look at the table of online loan app without credit score that provide loans without the constraints of a credit score.
| Loan App | Maximum Loan Amount | Interest Rate (Approx.) |
| Fibe | ₹2,00,000 | Starting at 16% per annum |
| FlexSalary | ₹3,00,000 | Up to 36.5% per annum |
| Nira | ₹1,00,000 | 24% to 36% per annum |
| SmartCoin | ₹5,00,000 | 18% to 30% per annum |
| MoneyTap | ₹5,00,000 | 13% to 18% per annum |
| Finnable | ₹10,00,000 | 18.99% to 27% per annum |
| CASHe | ₹2,00,000 | 11.25% to 15.40% per annum |
| Bajaj Finserv | ₹55,00,000 | Starting from 11% per annum |
| KreditBee | ₹80,000 | 24% to 29.95% per annum |
EarlySalary (Fibe)
EarlySalary, now known as Fibe, is a popular instant loan app in India that provides short-term personal loans and salary advances. It caters primarily to young professionals and salaried individuals, offering an easy digital borrowing experience with quick disbursement and minimal paperwork.
| Category | Details |
| Loan Type | Short-Term Personal Loans, Salary Advances |
| Loan Amount | ₹5,000 to ₹5,00,000 (based on eligibility and repayment capacity) |
| Interest Rate | 12% per annum (1.5% to 3% per month); varies by loan amount and tenure |
| Repayment Tenure | Flexible: 3 to 36 months |
Eligibility:
- Age: 21-58 years.
- Income: Minimum ₹15,000/month.
- Documents: PAN Card, Aadhaar, salary slips, and bank statements.
FlexSalary
FlexSalary is an online lending platform offering flexible short-term personal loans, specially designed for salaried individuals. Loans are ideal for covering unexpected expenses, emergencies, or cash shortfalls between paydays.
| Category | Details |
| Loan Type | Short-Term Personal Loans, Salary Advances |
| Loan Amount | ₹4,000 to ₹5,00,000 |
| Interest Rate | 12% per annum (1.5% to 3% per month) |
| Repayment Tenure | 1 to 36 months |
| Repayment Options | Short Term (1-3 months), Long Term (up to 36 months) |
Eligibility:
- Age: 21-58 years.
- Income: Minimum ₹15,000 per month.
- Documents: PAN Card, Aadhaar, salary slips, and bank statements.
Nira
Nira is a fintech platform designed to offer quick and accessible personal loans to salaried individuals, including those with limited or no credit history.
| Category | Details |
| Loan Type | Short-Term Personal Loans, Salary Advances |
| Loan Amount | ₹5,000 to ₹1,00,000 |
| Interest Rate | 18% per annum (1.5% to 2.5% per month) |
| Repayment Tenure | Flexible: 3 to 12 months |
| Repayment Method | Monthly EMIs (Fixed installments covering principal and interest) |
| Prepayment Option | Early repayment allowed with no or minimal penalties to reduce interest costs |
Eligibility Criteria:
- Age: 21-55 years.
- Monthly Income: Minimum ₹12,000 for salaried individuals.
- Documents Required: PAN Card, Aadhaar Card, salary slips, and bank statements.
SmartCoin
SmartCoin offers quick, hassle-free personal loans and micro-loans with flexible repayment options, making it ideal for first-time borrowers, low-income individuals, and those with limited credit history.
| Category | Details |
| Loan Type | Short-Term Personal Loans, Micro-Loans |
| Loan Amount | ₹1,000 to ₹2,00,000 |
| Interest Rate | 18% per annum (1.5% to 3% per month) |
| Tenure | 2 to 12 months |
| Repayment | Monthly EMIs; Early repayment with no/minimal fees |
Eligibility Criteria:
- Age: 21-55 years.
- Monthly Income: Minimum ₹10,000 for salaried or self-employed individuals.
- Documents Required: PAN Card, Aadhaar Card, salary slips, and bank statements.
- Flexible Loan Options: Tailored loan amounts and tenures to suit your financial needs.
MoneyTap
MoneyTap offers a flexible personal line of credit and instant personal loans up to ₹5,00,000. With its “pay-as-you-use” model, you are charged interest only on the amount you withdraw, making it an efficient and budget-friendly borrowing solution.
| Category | Details |
| Loan Type | Personal Line of Credit, Instant Personal Loans |
| Loan Amount | ₹3,000 to ₹5,00,000 |
| Interest Rate | 13% per annum (1.5% to 2.5% per month) |
| Tenure | 2 to 36 months |
| Eligibility | Salaried and self-employed individuals |
| Repayment Options | Flexible EMIs; Early repayment for smaller loans |
Eligibility Criteria:
Age: 23-55 years.
Income:
- Salaried Individuals: Minimum monthly income of ₹20,000.
- Self-Employed: Stable income with verifiable financial records.
Documents Required: PAN Card, Aadhaar Card, recent salary slips, and bank statements.
Finnable
Finnable provides instant personal loans ranging from ₹50,000 to ₹2,00,000 with flexible repayment tenures of 6 to 24 months. Competitive interest rates, prepayment options, and transparency make Finnable a reliable choice for those seeking quick financial solutions.
| Category | Details |
| Loan Type | Personal Loans, Salary Advances |
| Loan Amount | ₹50,000 to ₹2,00,000 |
| Interest Rate | 16% p.a. (1.5% to 3% per month) |
| Tenure | 6 to 24 months |
| Repayment | Monthly EMIs, Auto-Debit, Prepayment Allowed |
Eligibility Criteria:
Age: 21-58 years.
Income:
- Salaried Individuals: Minimum monthly salary of ₹15,000.
Employment: Must be a full-time employee with a stable job and at least 6 months’ work experience.
Documents Required: PAN Card, Aadhaar Card, recent salary slips, bank statements (last 3 months), and a passport-sized photograph.
CASHe
CASHe provides instant personal loans ranging from ₹1,000 to ₹4,00,000 with flexible repayment tenures of 3 to 18 months. Designed for salaried and self-employed individuals, CASHe offers a 100% digital process, quick disbursal, and no requirement for collateral.
| Category | Details |
| Loan Type | Instant Personal Loans, Short-Term Salary Advances |
| Loan Amount | ₹1,000 to ₹4,00,000 |
| Interest Rate | 18% p.a. (2% to 3% per month) |
| Tenure | 3 to 18 months |
| Repayment | Monthly EMIs, Auto-Debit, Prepayment Allowed |
Eligibility Criteria:
Age: 21 to 58 years.
Income:
- Minimum Monthly Salary: ₹12,000.
Employment: Must be a salaried employee or self-employed professional with a regular income.
Documents Required: PAN Card, Aadhaar Card, recent salary slips, bank statements (last 3 months), and a passport-sized photograph.
Bajaj Finserv
Bajaj Finserv offers personal loans ranging from ₹5,000 to ₹35,00,000 with flexible repayment tenures of 12 to 84 months. The loans are ideal for salaried and self-employed individuals and come with competitive interest rates starting at 11% per annum.
| Category | Details |
| Loan Type | Instant Personal Loans, Flexi Personal Loans |
| Loan Amount | ₹5,000 to ₹35,00,000 |
| Interest Rate | 11% to 36% per annum |
| Repayment Tenure | 12 to 84 months (1 to 7 years) |
| Repayment Options | Short Tenure (1-3 years) for quick repayment, Long Tenure (4-7 years) for smaller EMIs |
Eligibility Criteria:
Age: 21 to 67 years.
Income:
- Salaried Individuals: Minimum monthly income of ₹20,000 (varies by location).
- Self-Employed: Stable income and valid proof of business operations.
Employment Stability:
- Salaried: Minimum of 1 year of work experience with at least 6 months in the current job.
- Self-Employed: At least 2 years of business continuity.
Documents Required:
- PAN Card and Aadhaar Card
- Recent salary slips (for salaried) or ITR (for self-employed)
- Bank statements (last 3 to 6 months)
- Address proof
KreditBee
KreditBee provides personal loans ranging from ₹1,000 to ₹3,00,000 with repayment tenures of 3 to 24 months. These loans cater to salaried and self-employed individuals looking for fast and flexible financial solutions.
| Category | Details |
| Loan Type | Personal Loans, Flexi Personal Loans, Salary Advances, Online Purchase Loans |
| Loan Amount | ₹1,000 to ₹3,00,000 |
| Interest Rate | 15% to 36% per annum (1.5% to 3% per month) |
| Repayment Tenure | 3 to 24 months |
| Repayment Options | Short Tenure (3-6 months) for small loans; Long Tenure (12-24 months) for larger loans |
| Repayment Method | Monthly EMIs with auto-debit facility for hassle-free payments |
| Prepayment Option | Early repayment allowed, often without penalties to save on interest costs |
Eligibility Criteria:
Age: 21 to 45 years
Income:
- Salaried Individuals: Minimum monthly income of ₹10,000
- Self-Employed: Consistent income with valid proof of business
Documents Required:
- PAN Card and Aadhaar Card
- Bank statements (last 3 months)
- Recent salary slips (for salaried) or income proof (for self-employed)
- Address proof
Employment Status: Stable employment or business continuity
Conclusion
Loan apps that don’t require a credit score have made borrowing money easier for people who don’t have a credit history or have a low credit score. These apps are especially helpful for students, first-time borrowers, or self-employed individuals who may not qualify for traditional loans. They offer quick, flexible, and convenient instant loan app without credit score based on factors like income or employment status, making borrowing simpler and faster.
Before applying, compare the interest rates, fees, and repayment terms to choose the loan app without credit history. Thanks to these loan apps, getting financial help is now easier and more accessible, no matter what your credit score is.
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Frequently Asked Questions
Q. Can I get a loan without a credit score using apps?
A. Yes, several apps, like Fibe, PaySense, and Upwards, offer loans to users without requiring a credit score.
Q. How do loan apps approve users with no credit history?
A. These apps assess alternative metrics such as income, employment status, and banking history for approval.
Q. Are no-credit-score loan apps safe and reliable to use?
A. Many such apps are legitimate if they partner with RBI-registered NBFCs or banks; always verify credentials before use.
Q. Which loan apps offer instant loans without credit score checks?
A. Popular options include PaySense, Fibe, and Credy, which cater to individuals with limited or no credit history.
Q. What documents are needed for loan apps without credit scores?
A. Basic documents like ID proof (Aadhaar, PAN), income proof, and bank account details are typically required.
Q. Do no-credit-score loan apps have higher interest rates?
A. Yes, interest rates may be higher to offset risks, starting from 16% per annum in some cases.
Q. How do I qualify for loans without a credit score?
A. Ensure you have a stable income, provide the necessary documentation, and maintain a good financial history.
Q. What are the risks of using no-credit-score loan apps?
A. Risks include higher interest rates, potential scams, and hidden charges. It’s essential to read the terms and conditions thoroughly.
Q. Can I improve my credit score using a no-credit-check loan app?
A. Yes, repaying loans from such apps on time can help build your credit score over time.
