Need a small personal loan but don’t have a credit score history? You’re not alone. In 2025, millions of Indians — especially students, gig workers, and first-jobbers — are seeking ways to get loans without a CIBIL score.
The good news? Modern fintech lenders, NBFCs, and even some banks now offer small-ticket loans like ₹60,000 to new borrowers using alternate evaluation methods.
But there’s a catch: you need to know where to apply, what to expect, and how to qualify.
This guide will explain how to get an instant ₹60,000 personal loan in India — even with little or no credit history.
No Credit Score? Here’s What That Means
If you haven’t taken any loans or credit cards before, your credit report might show:
- NA/NH — no available history
- CIBIL Score = 0 — insufficient activity
- Unrated or empty reports
This doesn’t mean you’re unreliable — it just means no lender has reported your payment behavior yet.
Lenders usually hesitate to give loans without this history… unless they use other data points.
Who Can Apply for a ₹60,000 Personal Loan Without a Credit Score?
You may qualify if you:
- Are aged 21+ with valid PAN, Aadhaar
- Have a stable monthly income (₹10,000–₹30,000)
- Are salaried, self-employed, freelancer, or a business owner
- Have a bank account with active transactions
- Use UPI, digital payments, or e-wallets frequently
- Can verify your KYC and income online
Today, many NBFCs, fintechs, and mobile apps assess alternate creditworthiness based on your:
- Income
- Job stability
- Bank statement patterns
- App usage
- UPI history
Where to Get Quick ₹60,000 Loans Without CIBIL – 2025 Comparison
Lender/App | Loan Range | Credit Score Required? | Repayment Tenure | Key Highlights |
Navi | ₹10K – ₹2 Lakh | Not required for low amounts | 3–36 months | Paperless, app-based loans |
KreditBee | ₹1,000 – ₹2L | Optional for ₹60k loans | 2–15 months | New-to-credit friendly |
MoneyTap | ₹10K – ₹5L | 650+ advised, but flexible | Flexible credit line | Can withdraw in parts (₹60k usable) |
Zype / EarlySalary | ₹5K – ₹1L+ | Score not always needed | 3-12 months | College grads and working youth targeted |
CASHe | ₹1K – ₹4L | Alternative credit scoring | Instant approval | Uses behavior + salary slips |
Dhani OneFreedom | Up to ₹58K (limit) | No prior history needed | EMI card use | Zero interest for select tenures |
Note: Loan approval is at lender discretion. Read terms, check for processing fee and APR.
How to Apply for a ₹60,000 Loan Without a Credit Score
Here’s a step-by-step approach:
1. Download a Trusted Loan App
Use only RBI-registered NBFC-backed apps from Google Play Store or official websites.
Avoid shady apps that ask for full access to your contacts, photos, or demand upfront fees.
2. Complete Digital KYC
Keep ready:
- PAN card
- Aadhaar (linked to mobile number)
- Selfie + address proof (if required)
Most apps use face match, OTP-sign, and eSign to speed up verification.
3. Upload Income Proof (or Bank Statement)
Lenders that don’t require CIBIL scores will often:
- Ask for last 3 months’ salary slips OR
- Monthly income screenshots (UPI summary, bank PDF)
For students or unpaid interns:
⇒ Small limits may be offered if you have a stable family co-applicant, stipend, or educational enrollment proof.
4. Choose Loan Amount and Tenure
Select ₹60,000 + tenure like 3 to 12 months.
Watch for:
- Processing fee
- Prepayment charges (if any)
- Total cost vs monthly EMI
5. Review Loan Terms & Accept Disbursal
Once approved:
- Amount is credited to your bank or wallet within minutes to 48 hours
- Repayment starts the following month
- Use secure UPI, debit card, or auto-debit for EMIs
Example: ₹60,000 Loan Breakdown
Let’s say you take ₹60,000 for 6 months at 18% annual interest:
Header | Amount |
Loan Amount | ₹60,000 |
Monthly EMI | ~₹10,700 |
Processing Fee (approx) | ₹600 – ₹1,200 |
Total Repayment | ~₹64,200 |
Actual numbers vary by app and your borrower profile. Always check the APR (annualized cost) to understand your deal.
Tips to Get Approved with No Credit History
- Apply via apps with “new-to-credit” mention
- Keep KYC and salary slips ready
- Use bank accounts with regular inflows/outflows
- Don’t apply to 10 lenders at once — it creates red flags
- Maintain a low-risk digital behavior (known phone/email, no fraud markers)
Risks to Watch Out For
- Don’t fall for fake loan messages or WhatsApp links
- Avoid lenders asking for upfront “processing fees” before disbursal
- Always repay on time — your CIBIL score will be created and used later
- Block and report any app that misuses access permissions
Conclusion
Getting a ₹60,000 personal loan in 2025 without a credit score is possible — thanks to digital lenders using new verification methods. But it’s still debt — and it should be treated responsibly.
If you’re a student or new earner:
- Borrow only what you need
- Read every term before accepting
- Repay on time — your credit journey has already started
- Loans build financial freedom only when used wisely.
Frequently Asked Question
1. Can I get a ₹60,000 personal loan without a credit score in India?
Yes, many lenders (especially digital NBFCs and fintech apps) now offer small-ticket personal loans between ₹10,000–₹1,00,000 to new borrowers with no credit history, using alternate methods like income proof, UPI transactions, or salary slips for approval.
2. What documents are needed to apply for a ₹60,000 loan without a credit score?
Most lenders require:
- PAN card
- Aadhaar (linked to your mobile number)
- Recent bank statements or salary slips
- Live photo or selfie (for eKYC)
In some cases, income proof may not be needed for very small loans.
3. Will my CIBIL score be created if I take a loan without having one?
Yes. Once your lender reports the loan to a bureau like CIBIL, CRIF, or Experian, your credit profile will be created. Timely EMI payments help build a strong credit score for future borrowing.
4. How fast can I get money after loan approval?
Many partner apps disburse the loan amount within 10 minutes to 24 hours once approved. For some banks or large NBFCs, disbursement may take up to 2 working days, depending on verification.
5. Can students or freelancers apply for such loans?
Yes, but eligibility may vary. If you are a student or self-employed, you’ll need to provide proof of a stable income source, support from a co-applicant (in some cases), or transactional activity to qualify.
6. Is any collateral or security required for a ₹60,000 loan?
No. These are unsecured personal loans, meaning you do not need to pledge any gold, FD, or property to get approved.
7. Will the interest rates be higher since I have no credit history?
Possibly. New borrowers are often charged slightly higher interest (e.g. 15%–30% p.a.) due to lack of repayment track record. Rates depend on the lender and loan tenure.
8. Can I repay the loan early without penalty?
Many fintech lenders allow prepayment after 1–3 EMIs with zero or minimal penalty. Always check the foreclosure terms in the loan agreement before accepting.
9. What if I can’t repay on time?
Late or missed EMI payments may:
- Incur late fees
- Reduce your credit score (CIBIL)
- Lead to loan recovery efforts
Contact your lender immediately if you can’t pay — some may allow restructuring.
10. Are instant loan apps on PhonePe, Paytm, or Google Play Store safe?
Only borrow from RBI-registered NBFC partners. Avoid apps that ask for full access to your phone data, contacts, or photo gallery. Reputable apps display lender licensing info clearly.
Click Here: Can I Pay Off My Loan in Advance? Everything You Need To Know About EMI Prepaymant in 2025