Finding a business loan without CIBIL check in India can truly be a game-changer, especially for entrepreneurs, small business owners, and startups who either lack a credit history or have lower credit scores. Fortunately, in 2026, many Non-Banking Financial Companies (NBFCs) and fintech lenders have introduced smarter underwriting methods. Instead of depending solely on CIBIL scores, they now evaluate your overall business performance, bank statements, GST data, and digital transaction history. As a result, securing funding has become more accessible for first-time borrowers and growing businesses alike.
In this comprehensive guide, we’ll share the top 10 NBFCs offering business loans without CIBIL check, eligibility criteria, documents required, interest rates, and expert tips to improve approval chances in 2026. Whether you’re a retailer, freelancer, MSME owner, or e-commerce seller, this guide will help you choose the right lender and secure funding faster.
Why NBFCs Are Better for Business Loans Without CIBIL
Traditionally, banks have relied heavily on credit scores to assess loan eligibility. However, in contrast, NBFCs and fintech lenders in 2026 use alternative credit evaluation techniques. Instead of focusing only on CIBIL scores, they consider multiple business-related factors such as:
- Bank statement analysis
- GST return history
- Digital payments (UPI / POS)
- Business turnover and cash flow
- Business vintage
As a result of these flexible lending models, NBFCs have increasingly become one of the top choices for securing a business loan without CIBIL score in India. Consequently, many small businesses and startups now prefer NBFCs over traditional banks for faster and more accessible funding.
Here’s our updated list of the 10 best NBFCs you should consider in 2026.
Top 10 NBFCs Offering Business Loans Without CIBIL Check in India (2026)
1. FlexiLoans
FlexiLoans is one of India’s fastest-growing digital lenders, and notably, it evaluates overall business performance rather than relying solely on credit history. As a result, its loan offerings are particularly suitable for small enterprises, traders, and service providers seeking quick and flexible funding options.
- Loan Amount: ₹50,000 – ₹50 lakh
- Tenure: Up to 36 months
- Eligibility: Minimum 1 year in business
- Highlights: Quick approval, minimal documentation
2. KredX
KredX is best known for invoice discounting and short-term working capital solutions. They provide funding based on outstanding invoices and business receipts — no strict CIBIL check is required.
- Loan Amount: ₹1 lakh – ₹1 crore
- Tenure: 30 – 180 days
- Eligibility: GST registered businesses
- Highlights: Best for B2B companies with unpaid invoices
3. Indifi
Indifi offers customized business loans to MSMEs by evaluating overall business growth metrics rather than relying solely on credit scores. In addition, the company has partnerships with major online marketplaces. As a result, it becomes a particularly strong option for e-commerce sellers seeking flexible funding solutions.
- Loan Amount: ₹50,000 – ₹1 crore
- Tenure: Up to 24 months
- Eligibility: GST + minimum 6 months business vintage
- Highlights: Marketplace partnerships (Amazon, Meesho, etc.)
4. Capital Float
Capital Float provides flexible loans to businesses and entrepreneurs with minimal dependence on traditional credit history. They have quick digital approval and transparent pricing.
- Loan Amount: ₹50,000 – ₹25 lakh
- Tenure: 3 – 24 months
- Eligibility: GST + bank statements
- Highlights: Seamless digital process
5. NeoGrowth
NeoGrowth finances small businesses based on their card-swipe or UPI transaction data. Ideal for retail shops, salons, restaurants, and other POS-driven businesses.
- Loan Amount: ₹1 lakh – ₹50 lakh
- Tenure: 3 – 36 months
- Eligibility: POS/UPI transaction history
- Highlights: Revenue-linked repayments
6. LoanTap
LoanTap provides flexible working capital loans along with quick digital onboarding and minimal documentation requirements. Moreover, unlike traditional banks, it places greater emphasis on core business fundamentals rather than relying solely on credit scores. As a result, entrepreneurs with limited credit history may still find it easier to qualify.
- Loan Amount: ₹50,000 – ₹40 lakh
- Tenure: Up to 48 months
- Eligibility: GST + income proof
- Highlights: Competitive interest rates
7. Tata Capital
Tata Capital offers small business loans with an easy application process and competitive interest rates. Their credit assessment considers deeper business metrics, making them favorable for borrowers with low or no CIBIL history.
- Loan Amount: ₹1 lakh – ₹50 lakh
- Tenure: 12 – 60 months
- Eligibility: Business vintage + revenue
- Highlights: Strong brand credibility
8. InCred
InCred provides MSME loans with digital underwriting and faster approvals. They look at business stability and growth potential to evaluate loan applications.
- Loan Amount: ₹2 lakh – ₹1 crore
- Tenure: Up to 60 months
- Eligibility: Minimum 6 months business history
- Highlights: Wide loan range
9. SmartCoin
SmartCoin is ideal for small enterprises needing smaller ticket loans without strict credit checks. Their flexible repayment plans and quick processing make them a good option for startups and traders.
- Loan Amount: ₹20,000 – ₹5 lakh
- Tenure: 6 – 36 months
- Eligibility: GST or Aadhar + income proof
- Highlights: Small loans quickly
10. EarlySalary (Business Loans)
EarlySalary provides quick business loans with minimal paperwork and alternative credit evaluation. They are known for rapid disbursals and flexible tenure options.
- Loan Amount: ₹50,000 – ₹20 lakh
- Tenure: 12 – 36 months
- Eligibility: GST + bank statements
- Highlights: Fast disbursal
How These NBFCs Evaluate Loan Applications Without CIBIL
While these lenders do not rely heavily on CIBIL scores, they still require clear proof of business viability. In other words, approval is based on your overall financial health rather than just your credit history. Therefore, here are the core factors they typically consider before sanctioning a loan:
1. Bank Statement History
Lenders analyse monthly deposits and cash flow trends.
2. GST Returns
Consistent GST filing builds credibility.
3. Business Vintage
Old and stable businesses have higher chances.
4. Digital Transaction Data
UPI, POS, and e-commerce revenue help demonstrate real turnover.
5. Profit & Loss Trends
A positive trend increases approval chances.
Documents Required (Common List)
Most NBFCs will ask for:
- Aadhaar Card
- PAN Card
- Business registration proof
- GST Certificate
- Bank statements (last 6–12 months)
- Profit & loss statement (may vary)
- Udyam MSME Registration (if applicable)
Interest Rates & Charges (Typical Range in 2026)
Since alternative lending carries more risk, interest rates can be slightly higher than traditional bank loans.Since alternative lending carries relatively higher risk for lenders, interest rates are generally slightly higher than those offered by traditional banks. Therefore, borrowers should carefully compare rates and repayment terms before making a final decision.Since alternative lending carries more risk, interest rates can be slightly higher than traditional bank loans.
Typical ranges:
- Interest rate: ~12% – 28% p.a.
- Processing fee: ~1% – 4%
- Prepayment charges: Usually lower for digital NBFCs
However, if you maintain strong bank statements and consistent business performance, you may be able to negotiate lower interest rates. In fact, lenders are often more flexible when they see stable cash flow and steady revenue growth.
Tips to Improve Approval Chances Without CIBIL
Here are strategies to boost your loan approval:
Maintain Clean Bank Statements
Avoid frequent overdrafts or bounced cheques.
File GST on Time
Timely GST helps lenders see consistent business activity.
Show Digital Sales
If you have UPI/POS data, share it — it works as alternative proof.
Don’t Apply to Too Many Lenders at Once
Multiple applications in a short period can affect credibility.
Pros & Cons of NBFC Business Loans Without CIBIL
Pros
- Easier approval
- Faster processing
- Flexible criteria compared to banks
- Suitable for startups & first-time borrowers
Cons
- Slightly higher interest rates
- Processing fees
- Shorter repayment tenure in some cases
Frequently Asked Questions (FAQs)
Can I get a business loan with zero CIBIL score?
Yes, many NBFCs and fintech lenders provide loans based on alternate credit evaluation.
Is collateral required for these loans?
Most loans are unsecured, but some lenders may ask for partial security depending on the amount.
How fast is the loan approval?
Most NBFCs offer approval within 24–72 hours after document submission.
Can a startup with less than 1 year get a loan?
Yes, some lenders approve loans for businesses with 6–12 months of activity.
In 2026, getting a business loan without CIBIL check in India is not only possible but also increasingly accessible — especially if you approach the right NBFC or fintech lender. Unlike traditional banks, these institutions evaluate your business holistically. Instead of focusing solely on credit scores, they assess factors such as bank statements, cash flow consistency, GST returns, and digital transaction records. As a result, many entrepreneurs now have better funding opportunities despite limited credit history.
Whether you are a small retailer, an online seller, a service provider, or a startup founder, the lenders listed above offer practical and flexible options. However, before making a decision, it is important to carefully compare their interest rates, repayment terms, eligibility criteria, and customer reviews. Additionally, reviewing processing fees and prepayment charges can help you avoid hidden costs. Ultimately, with proper preparation and complete documentation, you can secure funding faster and more confidently — even without an established credit history.
