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

What Is a Grace Period in Health Insurance? Meaning & How It Works
Know More
Life Insurance Vs Health Insurance: What’s the Real Difference?
Know More
Urgent Loans for CIBIL Defaulters in 2025: What You Need to Know
Know More
Loan Restructuring: Meaning, Process, and Its Impact on Gold and Personal Loans
Know More
1 Pavan Gold in Grams: Meaning and How It Is Calculated
Know More
NACH vs. ECS Explained: Full Forms, How They Work, and Their Key Differences
Know More
MCLR Rate vs. Repo Rate Explained: Which Is Better for a Home Loan?
Know More
Effective Annual Rate (EAR) vs. Nominal Rate: Meaning and Key Differences
Know More
Calculate Compound Interest in Seconds (2025)
Know More
Annualized Return Formula Every Investor Needs To Know
Know MoreFIN SHORTS

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 More
What Does A Revolving Personal Loan Mean?
Know More
When does CIBIL Score Be an Update Date Every Month?
Know More
Which Industries Qualify For SME Loan Schemes
Know More
Do Gold Loan Offer Any Tax Exemption?
Know More
After Paying All Debts How Long Does Cibil Take To Update The Score?
Know More
What Is The Reappraisal of A Gold Loan?
Know More- South +91 99469 01212
- North 1800 313 1212