I want 200000/= urgent loan without any advance processing fee and cibil defaulter holder after lockdown period

Ans: You are looking for an urgent loan of Rs 2 lakh.
You also mentioned that you are a CIBIL defaulter.
You also want a loan without any advance fee.

Let’s understand your situation and then explore safe, practical options.

First Understand Why You Are Facing Rejection
Banks check your CIBIL score before giving loans.

If your score is low or negative, they reject loan request.

Default in past loans creates negative loan history.

Even one delayed EMI hurts your credit report.

If you are a CIBIL defaulter, most banks will avoid giving new loans.
Let’s discuss possible safe routes without scams or fraud.

Avoid Loan Frauds and Advance Fee Traps
There are many fraudsters promising loans to CIBIL defaulters.
They ask for advance fee or processing charges upfront.
Once you pay, they disappear. No loan is given.

Warning signs of fraud:

Asking for money before loan approval.

Claiming “CIBIL doesn’t matter”.

Offering instant loan with no documents.

Asking for PAN, Aadhaar, OTP blindly.

Suggestions:

Never pay advance money for loan.

Never share OTP, debit card, bank login.

Never trust SMS or WhatsApp loan offers.

Always go with RBI registered lender.

Always check company website and helpline.

Safety is more important than speed.

Explore Safe Options Based on Your Profile
If you are salaried or self-employed, try the below:

1. Approach NBFCs instead of Banks

Some NBFCs have soft credit score policies.

They look at salary slip, bank credit, not only CIBIL.

NBFCs usually charge higher interest.

Suggestions:

Check if your salary is regular after lockdown.

Apply only through trusted NBFC websites.

Apply to one lender at a time.

2. Check for Peer-to-Peer (P2P) Lending Platforms

Some RBI-approved P2P lenders help CIBIL-defaulters.

These platforms connect borrowers directly with individuals.

You can get smaller amounts but at higher interest.

Suggestions:

Use only RBI registered platforms.

Read the terms and repayment rules carefully.

Don’t take loans if repayment chance is low.

3. Use Employer or School Advance

If you are working in a school, request salary advance.

Most schools give emergency support to teachers.

Repayment is usually monthly salary deduction.

4. Ask Family or Friends for Interest-Free Loan

This is most reliable for urgent and small needs.

No paperwork or CIBIL check is required.

Try to repay as per promise to avoid disputes.

5. Use Gold Loan if Jewellery is Available

Banks and NBFCs give quick gold loans.

CIBIL is not always checked.

You will get 75–80% of gold value.

Interest is lower than personal loan.

6. Use Salary-Based Loan Apps (Only RBI Approved)

Some apps give loan against salary slips.

But many apps are fake. Check RBI list.

Don’t install unknown apps asking for photos, contacts.

What Not to Do
Don’t apply to multiple lenders at same time.

Each rejection pulls down CIBIL score more.

Don’t apply for loan if you already can’t pay past loans.

Don’t take fresh loan just to pay old loan.

Don’t trust calls from agents who promise 100% approval.

Plan to Repair Your CIBIL Score
Check your CIBIL score from official site.

Find which loan or credit card is causing low score.

Repay at least minimum due in default account.

Try to settle account and ask for NOC.

After 6 months, recheck score.

Pay EMI on time going forward.

With discipline, score improves slowly.

Emergency Alternatives Without Loan
If loan is not possible, reduce need:

Ask landlord for rent delay.

Request school fee break if paying for others.

Delay EMI of non-priority loan through moratorium request.

Request spouse/family help if possible.

Also check for any government emergency scheme.
Some states offer interest-free support to teachers and staff.

Final Insights
You are in urgent need, and that is understandable.
But urgency should not lead to wrong loan choices.

Avoid scams, fraud apps, and fake loan agents.
Don’t give money to anyone promising guaranteed loan.
Start rebuilding your CIBIL score step by step.
Explore safe alternatives like gold loan or school advance.

Once situation improves, build emergency fund for future.
Avoid this position again through proper planning.
Take support of a Certified Financial Planner when income stabilises.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment