Search Suggestions
- Gold Loan
- Money Transfer
- Mutual Funds

Urgent Loan with Bad Credit in India – Get Instant Cash Now!
Financial emergencies can occur unexpectedly, leaving many to turn to loans to get quick access to funds. However, what happens when someone has a very bad credit score?
Table of Content
When seeking a loan, lenders often take many factors into consideration. One such crucial factor is a credit score, which essentially reflects your repayment history.
Even with a good income and job status, a bad credit loan in India can make loan approval difficult and interest rates higher. But, while accessing a loan with a bad credit score is indeed challenging, it’s not a dead end.
To help you, here is all you need to know to get an urgent loan with bad credit in India:
How Does the Credit Score Work?
Before we dive into how you can get emergency loans for bad credit, let’s first understand how credit scores work.
A credit score is a numerical representation of a person’s creditworthiness. Credit bureaus like CIBIL calculate the credit score based on factors like credit utilization score, payment history, credit mix, recent inquiries, and more.
Score that ranges between 300 to 900, with a higher score indicating better creditworthiness. Lenders use this score to evaluate a person’s risk before determining their interest rate and approving their loan. A person can improve their credit score by making timely loan payments, responsibly using credit, and maintaining a diverse credit portfolio. To check your CIBIL score for free, consider visiting Muthoot Finance.
Need Funds Now? Get Your Personal Loan Approved Quickly
Tips to Get Urgent Loan with a Bad Credit History
While obtaining a bad credit loan in India can be challenging, it is not impossible. Here are some tips you can follow to get urgent loans with a bad credit score:
Get a Loan From an NBFC
NBFC or Non-Banking Financial Company is a registered institution under the Companies Act, offering financial services like loans, insurance, leasing, and much more.
If you want to get an online loan with bad credit in India, then NBFCs are an ideal solution for you. These institutions are known for offering a swift solution for urgent financial needs despite someone having a low credit score. They consider factors other than credit history to assess eligibility for a loan, making it possible to secure a loan efficiently.
Some factors that NBFCs take into consideration other than credit score are:
- A steady and sufficient income source
- Repayment capacity
- Collateral
- Borrowing a smaller amount within the repayment capacity.
- Offering a legitimate need for the funds.
- Loan-to-Value Ratio
Opt for a Secured Personal Loan
Another way to get an online loan with bad credit in India is to opt for secured personal loans. Unlike unsecured loans, a secured personal loan requires collateral security such as assets or property, which will help reduce the lender’s risk and improve your approval chances.
While a bad credit historymight affect the interest rate, a secured loan will still offer more competitive rates compared to unsecured options. However, ensure that you opt for a reputable lender who can offer you a personal loan for a bad credit history while also helping you rebuild your credit over time.
Suggested Read: 7 Proven Steps to Apply for a Personal Loan with Bad Credit
Get a Guarantor On-Board
A personal loan guarantor can also help you get an instant loan for bad credit. These guarantors act as a backup for you, committing to repay the loan in case you are unable to do so. It’s similar to having someone vouch for your credibility. As a result, lenders gain more confidence in providing you with the loan, as they now have an additional assurance of repayment.
Apply for a Smaller Loan
Since people with low credit scores are often considered higher risk, lenders are unlikely to approve large loan amounts for them. On the other hand, lenders are likely to feel more comfortable approving small loans for bad credit borrowers.
Improve Credit Before Applying
The last but the most important tip is that if you can afford to wait, consider building and improving your credit history over time. A good credit score will not only help you get the loan instantly but also ensure better interest and terms on the loan. Improving your credit score starts with getting rid of as much debt as possible and keeping your loan payments up to date.
Suggested Read: 9 Best Practices to Improve Your Credit Score
Conclusion
While obtaining urgent cash with bad credit is challenging, it is possible with the right method. Even though bad credit loans may come with higher interest rates and stricter terms, they provide essential financial support during emergencies.
Need Funds Now? Get Your Personal Loan Approved Quickly
If you are looking for an NBFC to get an instant personal loan or small business loan, consider Muthoot Finance. With flexible eligibility, competitive interest rates, and easy documentation, we are a one-stop solution for all your financial needs.
- Instant Personal Loan
- EMI Calculator
- Document Required
- Track Personal Loan
- Interest Rate
- Procedure and Eligibility
CATEGORIES
OUR SERVICES
-
Credit Score
-
Gold Loan
-
Personal Loan
-
Cibil Score
-
Vehicle Loan
-
Small Business Loan
-
Money Transfer
-
Insurance
-
Mutual Funds
-
SME Loan
-
Corporate Loan
-
NCD
-
PAN Card
-
NPS
-
Custom Offers
-
Digital & Cashless
-
Milligram Rewards
-
Bank Mapping
-
Housing Finance
-
#Big Business Loan
-
#Gold Loan Mela
-
#Kholiye Khushiyon Ki Tijori
-
#Gold Loan At Home
-
#Sunherisoch
RECENT POSTS

Everything You Need To Know About Debt Management
Know More
Understanding Maximum and Minimum Tenure for Personal Loans?
Know More
What is a Sovereign Gold Bond? Pros, Cons & How to Invest
Know More
What Are Small Instant Loans and How Can You Get One Quickly?
Know More
Understanding: Stock SIP vs Mutual Funds SIP
Know More
Difference between Mutual Funds Vs Stocks
Know More
How to Choose the Best Critical Illness Insurance Plan
Know More
9 Ways to Reduce Your Health Insurance Premium in India
Know More
How Defaulting on a Personal Loan Affects Your CIBIL Score
Know More
Top 7 Ways to Recover Your CIBIL Score After a Default
Know MoreFIN SHORTS

4 Reasons Gold Loans Are Popular in South India
Know More
Top 5 Mutual Funds Giving Highest Returns in July 2025
Know More
How to Read Muthoot Finance Share Price Trends Daily?
Know More
Share Price Today: Key Factors Influencing Stock Market Movement
Know More
Top Performing Mutual Fund Categories in 2025
Know More
Why Gold Loans Doubled in 2025: Insights
Know More
Top 5 Reasons to Monitor Gold Rate Daily
Know More
4 Impact of Repo Rate Cut on Personal Loan Interest Rates
Know More
Top 5 Best Performing Mutual Funds in 2025
Know More
5 Factors that affect gold loan processing time
Know More
Relation Between Personal Loan and Your CIBIL Score
Know More
Step-by-Step Way to Get Your First CIBIL Score
Know MoreFAQs
Can I get a loan if my credit score is bad?
It can be challenging to obtain loans with a bad credit score, especially during times when you are in dire need of funds. One of the major challenges is that you have to pay higher interest rates while availing loans with a low credit score. NBFCs are one of the best options to get loans with a poor credit history. Additionally, you can also opt for collateral-based loans, such as a loan against property, fixed deposits or a gold loan. While the terms & conditions may be slightly strict, you must come with a proper strategy for making repayment.
What is the minimum CIBIL score required for an urgent loan?
The minimum CIBIL score required for an urgent loan from traditional lenders, such as banks, is 700 and above. However, NBFCs are more flexible with their overall eligibility criteria and may consider your loan application even if your CIBIL score is between 600 to 700. This may come with a few conditions, such as the loan amount may not be what you expect, and the interest rates may be slightly higher. Other factors that lenders often consider are stable income, or they may ask you to pledge your assets, as in secured loans.
How long does it take to get approval for an urgent loan with bad credit?
The approval time for an urgent loan with poor credit depends on the lender you choose and the type of loan you want, such as a loan against property, fixed deposits or a gold loan. Usually, after the submission of a personal loan application, the approval process may take 4 to 5 business days. Whereas, the duration to sanction the loan amount after approval may take somewhere between 24 to 48 hours. Moreover, the duration of time for approval as well as disbursal may vary from lender to lender. Some lenders also offer instant, pre-approved loans that take comparatively less time than others.
What kinds of documents are needed for a bad credit urgent loan?
Whether you have a good credit score or a bad one, the documents needed for loans are more or less the same. Some common documents required for the approval of loans with a bad credit score are:
- Address Proof
- Income Proof documents, such as salary slips and tax returns
- Identity Proof such as a Passport, PAN card or a Driver’s License
- License Copy for self-employed individuals
Co-signer
- South +91 99469 01212
- North 1800 313 1212