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How to Get a Personal Loan in Pune Without CIBIL Verification

A CIBIL score assesses the loan eligibility of a borrower. A low CIBIL score can make it difficult for you to get a personal loan.

To avail a personal loan in Pune with a low credit score, you can apply for it after improving it. Also, you can go for a personal loan without CIBIL verification. At times, banks and financial institutions offer personal loans without CIBIL verification by considering other factors.

With flexible repayment tenors and low personal loan interest rates in Pune, getting a personal loan is an easy task.

But, a low CIBIL score personal loan in Pune is a bit difficult. Lenders do not approve personal loan applications with low or no CIBIL score at one go.

However, you can still manage to get a personal loan in Pune without CIBIL verification. Read on to know such ways now!


Easy Steps to Get a Personal Loan in Pune Without CIBIL Verification

1.Apply For a Secured Personal Loan

CIBIL score is one of the significant eligibility criteria in a personal loan. A good CIBIL score gives a sense of security to the lender in case of an unsecured personal loan. But, if you apply for a secured personal loan, you can avail of it without CIBIL verification. It is because the collateral asset is an assurance to the lender for the repayment of the loan. You can provide gold, fixed deposit receipts, shares or an insurance policy as collateral security.

2. Make Use of a Stable Employment History

If you have a steady income record and a stable employment history, you can use it to convince the lender about loan repayment. In such a case, you may get a personal loan even without CIBIL verification.

3. Take The Help of Your Employer

If you are an employee in a company, you can take the help of your employer. Companies have loan policies for their employees. They also share a healthy relationship with banks where they hold the salary accounts of the employees. You can avail the benefits of the loan policy of your company or take help from your employer to approach the bank for your loan application. It often works in getting a personal loan without CIBIL verification.

4. Apply For a Joint Loan

You can apply for a joint loan with any of your family members as a co-applicant. If your co-applicant has a better credit score, it increases the chances of approval of the loan application.

5. Make a Lower Personal Loan Application to a Smaller Bank

There are small banks that do not have access to CIBIL scores. These banks provide lower personal loans at high interest rates. If you want to avail a loan without CIBIL verification, you can apply to these lenders. Since they do not check the credit score, it becomes easier to avail a loan without CIBIL verification.

6. Get a Guarantor

You may ask a family member or friend with a high credit score to act as a guarantor while applying for a personal loan. The guarantor’s good credit score is beneficial for loan application approval.

You can also approach private lenders if there is no other option. But, you must keep in mind that they charge very high interest rates. You can ask for help from a friend or relative in case of an emergency.

These were some ways in which you can avail a personal loan with low CIBIL score. You can consider one as per your profile and apply accordingly.


Bajaj Finserv brings to you pre-approved offers on its various financial products like personal loans, home loans and many more. It is to simplify the loan procedures to make it less time-consuming.

You can check your pre-approved loan offer by sharing some basic details like your name and mobile number.

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