Personal Loan for Low CIBIL Score or CIBIL Defaulters in Mumbai (2026)

Written by FT Editorial Team · Reviewed by FundsTiger Credit Expert Team · Updated 12 October 2026

Short answer: You can get a personal loan in Mumbai with a low CIBIL score, but usually only a small amount, at a higher rate, or against security such as gold. Banks and RBI-registered NBFCs check your credit report in almost every case, so treat any Mumbai agent or “private finance” offer that promises one as a warning sign. Start by clearing any overdue loan, then compare offers from lenders registered with RBI. 910 NBFCs have a registered office in Mumbai, and you can check any NBFC in India below.

Last verified: 12 October 2026. NBFC counts and names come from RBI’s list of registered NBFCs (as on 30 June 2026) and its list of cancelled registrations. Loan apps come from RBI’s list of Digital Lending Apps (5 October 2026).

What your CIBIL score means to lenders in Mumbai

Lenders in Mumbai use the same credit bureaus as lenders anywhere else in India, and each sets its own cut-off. As a rough guide:

CIBIL scoreWhat lenders usually thinkRealistic options
750 and aboveLow riskMost banks and NBFCs, at their better rates
700 to 749AcceptableMany banks and NBFCs; rates may be a little higher
650 to 699BorderlineNBFCs and some banks, often for smaller amounts or with a co-applicant
600 to 649RiskySmall-ticket NBFC loans, gold loans, loans with a co-applicant or security
Below 600, or a current defaultHigh riskSecured loans (gold, fixed deposit), or fix the report first

Your score is only one input. Lenders also look at your income, how much of it already goes to EMIs (FOIR), recent missed payments and how many loans you applied for recently.

If you are a CIBIL defaulter in Mumbai

A “defaulter” usually means your report shows an overdue loan, a write-off or a settlement. Lenders treat a loan that is overdue today far more seriously than one that went wrong years ago and has since been repaid.

“Without CIBIL check” and “private finance” offers in Mumbai

Searches for loans “without CIBIL check” and “private finance for CIBIL defaulters” in Mumbai usually lead to three kinds of lender, and they are treated very differently by law:

  1. Banks and NBFCs registered with RBI. They check your credit report and report your loan to the bureaus. Their digital loans must come with a Key Fact Statement (KFS) showing the APR, and the money must go straight into your bank account.
  2. Licensed private moneylenders, regulated by the state government.
  3. Unlicensed lenders, including many “cheque-based” private finance offers and unknown loan apps. These are the ones that cause most harm.

In Maharashtra, private moneylenders need a licence under the Maharashtra Money-Lending (Regulation) Act, 2014. The Act does not cover banks or NBFCs registered with RBI, which RBI regulates directly. Running a moneylending business without a licence is an offence under the Act.

If someone offers you a loan “without any CIBIL check” in exchange for blank signed cheques, original documents or a large upfront fee, walk away. Blank cheques can be filled in with any amount, and a bounced cheque can lead to a criminal case under the Negotiable Instruments Act. A genuine lender never needs your OTPs, UPI PIN or a fee paid to a personal account.

RBI-registered NBFCs in Mumbai

RBI’s list shows 910 NBFCs with a registered office in Mumbai. Most (788) are Investment and Credit Companies, and many of these are small companies that do not lend to the public at all. Being registered means a company is allowed to lend under RBI’s rules. It is not a recommendation, and it does not mean the company will lend to you. Separately, RBI has cancelled the registration of 972 NBFCs with addresses in Mumbai. A company on that list must not carry on NBFC business.

In MumbaiCount
Investment and Credit Company788
Type I44
Housing Finance Company26
Core Investment Company20
Peer-to-peer lending platform8
NBFC-MFI (microfinance)8
Standalone Primary Dealer6
Factoring company4
Infrastructure Debt Fund3
Account Aggregator3
Total registered910
Registration cancelled by RBI972

NBFCs in Mumbai with loan apps on RBI’s list (74)

These Mumbai-registered NBFCs have reported at least one digital lending app or website to RBI. Names in blue open our page with their RBI details and complaint contacts.

NBFCTypeLayerApps and websites on RBI’s list
Incred Financial Services LimitedICCMiddleBajaj Markets, BankSathi, Bikewale and 33 more
FDPL Finance Private LimitedICCBaseAadi Finance, Airpay Capital, AryseFin and 32 more
Respo Financial Capital Private LimitedICCBaseAryseFin, Bahi Khata Loans, Buddyloans and 21 more
L&T Finance LimitedICCUpperAirtel App, Amazon, bajajfinservmarkets and 19 more
Ugro Capital LimitedICCMiddle4Fin, Arthum, BharatPe for Business and 18 more
Lendingkart Finance LimitedICCMiddleBajaj Finserv, Bajaj Markets, Buddy Loan and 15 more
Payu Finance India Private LimitedICCMiddleBajaj Markets, BharatPe for Business, Digital Lending Application pages powered by Service Provider on Flipkart Online Shopping App and 15 more
Piramal Finance LimitedICCUpperBharatPe for Business, Digital lending pages of PhonePe Lending on PhonePe consumer app, Fibe and 14 more
Salora Capital LimitedICCBaseBachatt, Finvolt, Fundlelo and 13 more
Tata Capital LimitedICCUpperFamescore Pvt Ltd [Other – Disbursal Drawdown], Fibe, Finfinity and 13 more
Fintree Finance Private LimitedICCBaseCIRCLEPE, Clayyo, Fincrest Capital and 12 more
DSP Finance Private LimitedICCMiddleBlinkMoney, Cred, Creditcase and 11 more
Innofin Solutions Private LimitedP2PBaseBharatPe for Business, CASHe, Fi Money and 10 more
Si Creva Capital Services Private LimitedICCMiddleABCD, Bajaj Markets, Indialends and 9 more
Avanse Financial Services LimitedICCMiddleAvanse, Credit Fair, Edufin and 8 more
Apollo Finvest (India) LimitedICCBaseAirpay Capital, Apollo Cash, FatakPay and 4 more
Godrej Finance LimitedICCMiddleBajaj Finserv Markets Loan App, Catfin, Efundzz and 4 more
Ampire Finance Private LimitedICCBaseCredbuddy, F1 Speed Loan, Fast Paisa and 3 more
Ecofy Finance Private LimitedICCMiddleAHAsolar Technologies Limited, Autovert Technologies Private Limited, Husk Power Systems Private Limited and 3 more
Mirae Asset Financial Services (India) Private LimitedICCMiddleFibe, Grayquest Education Finance Pvt Ltd, Kissht and 3 more
Komac Investments & Finance Private LimitedICCBaseFreo, IFHL, MoneyTap and 1 more
Ruloans Financial Services Private LimitedICCBaseCredSolve, PayMe: Personal Loan App, QUICKMONEY and 1 more
Amica Finance Private LimitedICCBaseFinsall, Jupiter, Khatabook
Credila Financial Services LimitedICCMiddleCredila's LOS, Credila's Website, spoctree website
Gromor Finance Private LimitedICCBaseNinja, Pice, Shiprocket
JM Financial Products LimitedICCMiddleCredit Fair, Leo 1, propelled
Mahindra & Mahindra Financial Services LimitedICCUpperCustomer Portal, Mahindra Finance, Personal Loan
Tata Capital Housing Finance LimitedHFCMiddleDigital Quick Cash, HL Online, TATA Capital Loan App & Wealth
Capri Global Capital LimitedICCMiddleBharatPe for Business, Capri Loans
Finkurve Financial Services LimitedICCMiddleHuey Tech Private Limited, KKSV BUSINESS SERVICES PVT LTD
Fynx Capital LimitedICCBasewww.billmart.com, www.i2ifunding.com
Neogrowth Credit Private LimitedICCMiddleNeoCash Insta, NeoGrowth App
Profectus Capital Private LimitedICCMiddlePaytm, Paytm for Business
SCIL Capital India Private LimitedICCBaseBharat Khata, Jai Kisan Farmer
Snapmint Financial Services Private LimitedICCBaseMEESHO, Snapmint
360 ONE Prime LimitedICCMiddle360 ONE Wealth – Lending
Aeon Credit Service India Private LimitedICCBaseAEON FAST (This is used only for generating pre-approval credit limit as of now)
Aeroflex Finance Private LimitedICCBaseInstaMoney
Ambit Finvest Private LimitedICCMiddleWeRize Customer App
Anand Rathi Global Finance LimitedICCMiddleAnand Rathi Global Finance Limited
Angel Fincap Private LimitedICCBaseAngel One
Anupam Finserv LimitedICCBaseAbhiRupee
Arnold Holdings LimitedICCBaseTRADOFINA
Aryaman Finance (India) LimitedICCBaseGetCred
Auxilo Finserve Private LimitedICCMiddlePropelld
Axis Finance LimitedICCMiddleAxis Finance Limited
Bhanix Finance & Investment LimitedICCBaseCASHe
Branch International Financial Services Private LimitedICCMiddleBranch International Financial Services Private Limited
Choice Finserv Private LimitedICCMiddleNYE
Eight Finance Private LimitedICCBaseKodo
Equentia Financial Service Private LimitedICCBaseVelocity.in
GetGrowth Capital Private LimitedICCBaseGeM Sahay
Greaves Finance LimitedICCBaseFinflux by M2P
Greshma Finvest Private LimitedICCBaseSaveIN
Gsb Finance LimitedICCBaseCreditSea
Indel Money LimitedICCMiddleECONNECT / INDEL MONEY
Indiumplus Financial Services Private LimitedICCBaseMahila Money
Infina Finance Private LimitedICCMiddle50fin: Loan Against Securities App
J. P. Morgan Securities India Private LimitedICCMiddleN.A.
Jio Credit LimitedICCMiddleJio Finance
Kotak Mahindra Prime LimitedICCMiddleKMPL DIY Loans for pre-approved customers
Kubiz Capital Private LimitedICCBaseKubiz: Loan App, Instant Cash
Mangal Credit And Fincorp LimitedICCBaseMCFL Loans
Monedo Financial Services Private LimitedICCBaseMonedo Financial Services Private Limited
Mukesh Babu Financial Services LimitedICCBaseCREDITBAY
NewTap Finance Private LimitedICCBaseCred
Plebgraph Finance Private LimitedICCBasePlebgraph
Regal Entertainment and Consultants LimitedICCBaseMicromoney
Sarvagram Fincare Private LimitedICCMiddleSarvagram
Shriram Credit Company LimitedICCMiddleDhanLAP
Stock Guardians (India) Private LimitedICCBaseFinsall
Svamaan Financial Services Private LimitedMFIMiddleSvamaan App
Transwarranty Finance LimitedICCBaseOroboro Loans
Vistas Finance Private LimitedICCBaseZET

Other larger and specialised NBFCs in Mumbai (162)

Middle and Upper layer NBFCs (the larger ones RBI supervises more closely), plus microfinance, housing finance and peer-to-peer lending companies registered in Mumbai.

NBFCTypeLayerPincode
Bajaj Housing Finance LimitedHFCUpper
LIC Housing Finance LimitedHFCUpper400001
Tata Sons Private LimitedCICUpper400001
A K Capital Finance LimitedICCMiddle400098
Abans Finance Private LimitedICCMiddle400021
Agrim Housing Finance Private LimitedHFCMiddle400015
Alpha Alternatives Financial Services Private LimitedICCMiddle400013
Apac Financial Services Private LimitedICCMiddle400013
Arka Fincap LimitedICCMiddle400013
Arvesta Financial Services Private LimitedICCMiddle400013
Authum Investment & Infrastructure LimitedICCMiddle400021
Avendus Finance Private LimitedICCMiddle400051
BOB Securities & Giltedge LimitedICCMiddle400001
BOBCARD LimitedICCMiddle400102
Barclays Investments & Loans (India) Private Limited Limited)ICCMiddle400063
Bengal Finance & Investment Private LimitedICCMiddle400059
Birla Group Holdings Private LimitedCICMiddle400020
Blacksoil Capital Private LimitedICCMiddle400013
Capri Global Housing Finance LimitedHFCMiddle400013
Carniwal Investments LimitedICCMiddle400071
Castle Investment & Industries Private LimitedICCMiddle400055
Centrum Financial Services LimitedCICMiddle400001
Centrum Housing Finance LimitedHFCMiddle400098
Chaitanya India Fin Credit Private LimitedMFIMiddle400013
Chartered Finance & Leasing LimitedICCMiddle400013
Citicorp Finance (India) LimitedICCMiddle400098
Crest Capital and Investment LimitedICCMiddle400021
Crest Ventures LimitedICCMiddle400021
Cyrus Investments Private LimitedICCMiddle400001
Deutsche Investments India Private LimitedICCMiddle400063
Doli Trading & Investments Prvt. LimitedICCMiddle400055
ECL Finance LimitedICCMiddle400070
Easy Home Finance LimitedHFCMiddle400054
Edel Finance Company LimitedCICMiddle400098
Ewart Investments LimitedICCMiddle400001
Family Home Finance Private LimitedHFCMiddle400098
Fedbank Financial Services LimitedICCMiddle400093
GIC Housing Finance LimitedHFCMiddle400020
Gagandeep Credit Capital Private LimitedICCMiddle400056
Geecee Fincap LimitedICCMiddle400021
Geetanjali Trading and Investments Private Limited (CIC)CICMiddle400013
Godrej Housing Finance LimitedHFCMiddle400079
Goldman Sachs (India) Capital Markets Limited {Formerly: Goldman Sachs (India) Capital Markets Private Limited}PDMiddle400025
Goldman Sachs (India) Finance Private LimitedICCMiddle400025
HSBC Investdirect Financial Services (India) LimitedICCMiddle400063
Hathway Investments Private LimitedICCMiddle400054
Hinduja Leyland Finance LimitedICCMiddle400018
Hiranandani Financial Services Private LimitedICCMiddle400076
Home First Finance Company India LimitedHFCMiddle400059
ICICI Home Finance Company LimitedHFCMiddle400051
ICICI Securities Primary Dealership LimitedPDMiddle400020
IGH Holdings Private LimitedCICMiddle400020
IL & FS Financial Services LimitedICCMiddle400051
ITI Credit LimitedICCMiddle400013
ITI Finance LimitedICCMiddle400012
ITI Gold Loans LimitedICCMiddle400012
ITI Housing Finance LimitedHFCMiddle400012
Incred Prime Finance Private LimitedICCMiddle400051
India Factoring & Finance Solutions Private LimitedFactorMiddle400098
India Home Loan LimitedHFCMiddle400080
India Infradebt LimitedIDFMiddle400051
Indostar Capital Finance LimitedICCMiddle400013
Infinity Fincorp Solutions Private LimitedICCMiddle400093
Infrastructure Leasing and Financial Services Limited (CIC)CICMiddle400051
Instant Holdings LimitedICCMiddle400071
J K Investo Trade (India) Limited (J K Chemicals Limited)ICCMiddle400001
J M Financial & Investment Consultancy Services Private LimitedICCMiddle400025
J. M. Assets Management Private LimitedICCMiddle400021
JM Financial Credit Solutions Limited (Earlier FICS Consultancy Services Limited)ICCMiddle400025
JSW Investments Private Limited (CIC)CICMiddle400051
JSW One Finance LimitedICCMiddle400098
Jaldhar Investments & Trading Co. Private LimitedICCMiddle400055
Jio Financial Services LimitedCICMiddle400021
Jm Financial Home Loans LimitedHFCMiddle400025
Jovial Investment And Trading Company Private LimitedICCMiddle400021
Julius Baer Capital (India) Private LimitedICCMiddle400021
Khush Housing Finance Private LimitedHFCMiddle400092
Komaf Financial Services Private LimitedICCMiddle400001
Kotak Infrastructure Debt Fund LimitedIDFMiddle400051
Kotak Mahindra Investments LimitedICCMiddle400051
Lakshdeep Investments & Finance Private LimitedICCMiddle400014
Lyon Investment And Industries Private LimitedICCMiddle400055
MKVentures Capital LimitedICCMiddle400021
Mahindra Rural Housing Finance LimitedHFCMiddle400018
Manba Finance LimitedICCMiddle400080
Mentor Capital LimitedICCMiddle400021
Micro Units Development & Refinance Agency LimitedICCMiddle400051
Mintifi Finserve Private LimitedICCMiddle400059
Mirae Asset Sharekhan Financial Services LimitedICCMiddle400028
Mizuho Capsave Finance Private LimitedICCMiddle400063
Morgan Stanley India Primary Dealer Private LimitedPDMiddle400013
Motilal Oswal Finvest LimitedICCMiddle400025
Motilal Oswal Home Finance LimitedHFCMiddle400025
Muthoot Microfin LimitedMFIMiddle400051
NIIF Infrastructure Finance LimitedIDFMiddle400051
Nido Home Finance LimitedHFCMiddle400070
Niwas Housing Finance LimitedHFCMiddle400093
Nomura Capital (India) Private LimitedICCMiddle400018
Nomura Fixed Income Securities LimitedPDMiddle400018
Nuvama Wealth Finance LimitedICCMiddle400098
Orix Leasing & Financial Services India Limited (Formerly: Oais Auto Financial Services LimitedICCMiddle400059
Panatone Finvest LimitedCICMiddle400001
Perihelion General Finance Private LimitedICCMiddle400021
Premier Financial Services Private LimitedICCMiddle400021
Protium Finance LimitedICCMiddle400063
Protraviny Private LimitedCICMiddle400001
R. Raheja Investments Private LimitedICCMiddle400054
RMBS Development Company LimitedICCMiddle400001
Reliance Capital LimitedCICMiddle400013
Reliance Financial LimitedICCMiddle400063
Reliance Industries Holding Private LimitedCICMiddle400021
Reliance Ventures LimitedICCMiddle400021
Roha Housing Finance Private LimitedHFCMiddle400093
Rujuvalika Investments LimitedICCMiddle400001
SBFC Finance LimitedICCMiddle400059
SBI DFHI LimitedPDMiddle400020
SBI Factors LimitedFactorMiddle400051
SNK Investments Private LimitedICCMiddle400021
STCI Finance LimitedICCMiddle400013
STCI Primary Dealer LimitedPDMiddle400013
Saraswati Commercial (India) LimitedICCMiddle400021
Sattva Holding and Trading Private Limited (CIC)CICMiddle400013
Satyadharma Investments & Trading Co. LimitedICCMiddle400055
Shamyak Investment Private LimitedICCMiddle400022
Shapoorji Pallonji Finance Private LimitedICCMiddle400005
Shrem Infra Invest Private LimitedCICMiddle400093
Sicom LimitedICCMiddle400093
Simto Investment Company LimitedICCMiddle400001
Singularity Holdings LimitedICCMiddle400001
Smiti Holding and Trading Company Private LimitedCICMiddle400018
Standard Chartered Investments & Loans (India) LimitedICCMiddle400051
Star Housing Finance LimitedHFCMiddle400066
Sterling Investment Corporation Private LimitedICCMiddle400023
Subhkam Ventures (I) Private LimitedICCMiddle400021
Sudhanva Investments and Trading Company Private Limited (CIC)CICMiddle400055
Summit Securities Limited [Formerly: – RPG Itochu Finance Limited]ICCMiddle400071
Svatantra Micro Housing Finance Corporation LimitedHFCMiddle400059
Svatantra Microfin LimitedMFIMiddle400013
Swagat Housing Finance Company LimitedHFCMiddle400058
TMF Holdings Limited (CIC)CICMiddle400001
Tata Industries Limited (CIC)CICMiddle400001
Tata Investment Corporation LimitedICCMiddle400001
Teck Consultancy & Services Private LimitedICCMiddle400021
Thakur Fininvest Private LimitedICCMiddle400101
Tru Trading And Investments Private LimitedICCMiddle400055
Vastu Finserve India Private LimitedICCMiddle400015
Vastu Housing Finance Corporation LimitedHFCMiddle400015
Venktesh Investment And Trading Company Private LimitedICCMiddle400021
West End Housing Finance LimitedHFCMiddle400021
Winro Commercial (India) LimitedICCMiddle400021
Yes Capital (India) Private Limited (Cic)CICMiddle400069
Bigwin Infotech Private LimitedP2PBase400063
Bridge Fintech Solutions Private LimitedP2PBase400012
Fair Vinimay Services Private LimitedP2PBase400072
Fintelligence Data Science Private LimitedP2PBase400067
Hindusthan Microfinance Private Limited-MfiMFIBase400072
Inditrade Microfinance LimitedMFIBase400013
K. M. Global P2P Finance Private LimitedP2PBase400001
LOLC India Finance Private LimitedMFIBase400030
M Power Micro Finance Private LimitedMFIBase400088
NDX P2P Private LimitedP2PBase400059
Visionary Financepeer Private LimitedP2PBase400053

Check any NBFC in Mumbai

Search RBI’s registered and cancelled lists (910 registered and 972 cancelled in Mumbai). You can change the city filter to search all of India.

Loading the RBI list…

For every NBFC in India, see the full RBI-registered NBFC list and the list of cancelled NBFCs. To check a loan app, use our RBI loan app list.

How much can you borrow?

With a low score, the amount you are offered depends more on your income and existing EMIs than on the city you live in. Most lenders stop when your EMIs reach about 50% to 60% of your take-home pay. Check where you stand:

Can you afford the EMI? Quick FOIR check

Lenders look at how much of your take-home pay already goes to EMIs (FOIR). Figures stay in your browser.

Living in Mumbai with a low CIBIL score? Share a few details and see which personal loan options could work for your salary.

Check my options

Before you apply

  1. Check the lender in our NBFC list or digital lender list, and the app in our loan app list.
  2. Read the KFS: APR, processing fee plus 18% GST, total amount payable and the due dates.
  3. Make sure the money comes into your own bank account, from the lender.
  4. Never pay an upfront “approval” fee, and never share OTPs, passwords or your UPI PIN.
  5. Do not give a loan app access to your contacts or photos.
  6. If recovery agents threaten you or call your family, read your rights against loan app harassment. For cyber fraud, call 1930 or report at cybercrime.gov.in.

Low CIBIL score guides for other cities

More in Maharashtra: Pune · Thane · Nagpur · Navi Mumbai · Nashik
Major cities: Delhi · Bengaluru · Hyderabad · Ahmedabad · Chennai · Kolkata · Surat · Jaipur
All 40 city guides

See what each score can get: 550 · 600 · 650 · 700 · loans for CIBIL defaulters.

How much can you borrow on your salary? ₹15,000 · ₹20,000 · ₹25,000 · ₹30,000 · ₹40,000 · ₹50,000 · FOIR guide and Excel calculator.

Frequently asked questions

Can I get a personal loan in Mumbai if I am a CIBIL defaulter?

Yes, but your options are limited until the default is resolved. Secured loans such as gold loans are the most realistic. Clearing or regularising the overdue account, and then repaying any new loan on time, does more for your chances than applying to many lenders.

Is there a personal loan in Mumbai without a CIBIL check?

Not in any meaningful way. Banks and RBI-registered NBFCs check your credit report in almost every case, and report the loan to the bureaus. Some lenders accept a short credit history or a lower score if your income is steady. Anyone who promises “no CIBIL check” in return for blank cheques or an upfront fee is likely to be an unlicensed lender.

Is private finance in Mumbai safe?

It depends who is lending. Check whether the company is on RBI’s registered list (search above) or holds a state moneylender licence. Avoid lenders who ask for blank signed cheques, original documents or fees paid to a personal account.

How do I check if a finance company in Mumbai is registered with RBI?

Search its name, CIN or pincode in the tool above. It shows whether the company is on RBI’s current list of registered NBFCs or on the list of NBFCs whose registration RBI has cancelled.

Which lenders give loans with a low CIBIL score?

Lenders do not publish minimum scores. Our list of 105 instant loan apps for low credit score shows the RBI-listed apps, their lenders and the APR each discloses, so you can compare before you apply.

About this page

We built this page from RBI’s published lists: registered NBFCs (as on 30 June 2026), NBFCs whose registration was cancelled, and Digital Lending Apps reported by regulated lenders. We placed each NBFC in Mumbai using the pincode in its registered address, so companies with only a branch in Mumbai are not counted. State law references are a short summary, not legal advice.

Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.