Bad CIBIL Loan App List in India: Get Loan up to Rs 50,000

Nowadays, the CIBIL score plays a vital role in determining loan eligibility as it reflects individual creditworthiness.

The CIBIL score ranges from 300 to 900, which helps assess the risk of lending money to the applicant. A high CIBIL score (above 750) increases the chances of loan approval.

A low CIBIL score may result in the rejection of the loan application or higher interest rates.

But you can still take a loan even if your CIBIL score is bad or has fallen below 600, here is the bad CIBIL loan app list in India. Explore, compare, and secure the best loan – listed by MyLoanReview.IN…

Bad CIBIL Loan App List in India 2024

These are the top 10 bad CIBIL loan apps that offer personal loans of up to 10 lakhs with a bad CIBIL or below 600 CIBIL score.

Looking at the list of loan apps will not guarantee a loan, you need to compare, review its features and benefits, and choose the best. Check out the review and comparison of the 5 best bad CIBIL loan apps that offer personal loans.

1. Finnable

With the Finnable Finance app, you can easily get a personal loan even with a bad credit score. The finnable app is a great option for those looking for an instant loan but their CIBIL score is bad.

Finnable offers up to Rs 10 lakh quickly and hassle-free, and the loan approval process is instant. The flexible repayment options, allow to choose a repayment period between 6 and 12 months. Plus, everything is done online, making the application process smooth and easy, without the need for extensive paperwork.

Benefits of Finnable Loan App:

1. Loan for Low Credit Scores: Accessible even for borrowers with bad credit.
2. Instant Loan Approval: Quick approval and disbursal process.
3. High Loan Amount: Get up to Rs 10 lakh.
4. Flexible Repayment: Choose repayment tenure from 6 to 12 months.
5. Convenient Online Process: 100% digital application with minimal paperwork.

2. Moneyview

With the Money View loan app, you can easily avail of a personal loan of up to Rs 10 lakh, even if your CIBIL score is 600 or less. Money View loans come with flexible repayment options, allowing you to choose a term between 3 and 60 months. The loan application process is simple, everything is done online on the app – all you need is your Aadhaar card. Plus, interest rates start from as low as 16% per annum. If you have a poor CIBIL score, the Money View app may be the perfect fit for you.

Benefits of Money View Loan App:

1. Loan for Low Credit Scores: Available to users with a CIBIL score of 600 or less.
2. High Loan Amount: Get personal loans up to Rs 10 lakh.
3. Flexible Repayment: Choose repayment tenure from 3 to 60 months.
4. Simple Application: All you need is an Aadhaar card to apply.
5. Competitive Interest Rates: Interest rates start as low as 16% per annum.

3. KreditBee

The KreditBee app offers personal loans ranging from Rs 10,000 to Rs 5 lakh even if you have an average or low credit score. The app offers affordable interest rates ranging from 16% to 29.95% per annum on approved loans, and flexible repayment tenures ranging from 4 to 24 months, helping you choose the best option for your financial situation. One of the key benefits of the KreditBee app is the fast approval and disbursement process, which takes as little as 10 minutes. KreditBee connects borrowers like you with trusted lenders including NBFCs and banks, making it a trusted platform for quick loans.

Benefits of KreditBee Loan App:

1. Loan for Low Credit Scores: Available to borrowers with average or low credit scores.
2. Quick Approval: Loan approval and disbursement in just 10 minutes.
3. Flexible Loan Amount: Get personal loans from Rs 10,000 to Rs 5 lakh.
4. Affordable Interest Rates: Interest rates range from 16% to 29.95% per annum.
5. Flexible Repayment Terms: Choose repayment tenures from 4 to 24 months.

4. NIRA

With the NIRA loan app, you can easily apply for a personal loan of up to Rs 5 lakh, even if your credit score is 600 or less. NIRA is an RBI-compliant and registered NBFC that offers loans to all borrowers with poor to excellent credit scores. The NIRA app is a secure and reliable platform, specifically designed for salaried individuals. You can enjoy low interest rates of just 2% per month and flexible repayment terms of up to 12 months. If you need an instant loan with a poor credit score, NIRA offers a hassle-free solution through its easy-to-use online application process.

Benefits of NIRA Loan App:

1. Accessible for Low Credit Scores: Loans available for borrowers with all credit scores.
2. High Loan Amount: Get personal loans up to Rs 5 lakh.
3. Low Interest Rates: Interest rates at just 2% per month.
4. Flexible Repayment: A repayment period of up to 12 months.
5. Quick and Easy Application: Fast, online application process.

5. CASHe

The CASHe app offers instant personal loans up to ₹4 lakh, whether your CIBIL score is high or low. The app uses AI technology to calculate the loan quotient considering alternative data sources beyond your credit score. Founded in 2016 by V. Raman Kumar, CASHe aims to provide young salaried millennials. As an RBI-registered NBFC, CASHe offers short-term loans ranging from ₹1,000 to ₹4,00,000 with a monthly interest rate of 2.50% and flexible repayment terms ranging from 3 to 18 months.

Benefits of CASHe Loan App:

1. Accessible for All Credit Scores: Loans available even with low CIBIL scores.
2. High Loan Amount: Borrow up to ₹4 lakhs.
3. AI-Based Evaluation: Uses a Social Loan Quotient for a broader assessment of creditworthiness.
4. Flexible Repayment: Repayment terms from 3 to 18 months.
5. Low Interest Rates: Monthly interest rate of 2.50%.
6. Quick and Easy Application: Fast online application process.

6. Olyv (formerly SmartCoin)

Olyv (formerly SmartCoin) is India’s top lending app that offers quick, easy, and fully digital loans without any documentation, and funds are disbursed directly to your bank account within minutes. The special feature of this app is that it provides up to ₹5 lakh loans without depending on the credit score. Also, improve your credit health. With competitive interest rates of 18% to 30% per annum, flexible loan tenures of 2 to 24 months, and no hidden fees, Olyv is designed to be a user-friendly, secure platform that supports all borrowers.

Benefits of Olyv (formerly SmartCoin) App:

1. Instant Digital Loans: Quick, no-documentation loans disbursed within minutes.
2. High Loan Amount: Borrow up to ₹5 lakh.
3. Free Credit Health Monitoring: Track and improve your credit score for free.
4. Flexible Repayment: Loan tenures from 2 to 24 months.
5. Competitive Rates: Interest rates from 18% to 30% per annum.
6. No Collateral Required: Loans available with no collateral or paperwork.

7. LazyPay

One of the best bad CIBIL loan apps is LazyPay, With LazyPay, you can easily get a personal loan of up to ₹5 lakh with a fast and convenient process. You can also enjoy a free credit limit of up to ₹10,000 that you can use at over 45,000 online stores and merchants, with the option of interest-free repayment every 15 or 30 days. The entire process is paperless and completely digital, making it hassle-free. Interest rates for personal loans range from 12% to 36% per annum, with flexible EMI tenures ranging from 3 to 60 months. No physical documents are required, and approval is instant, making LazyPay a great option for people with low CIBIL scores.

Benefits of LazyPay App:

• Instant Loans: Fast and convenient personal loans up to ₹5 lakhs.
• Free Credit Limit: Get up to ₹10,000 credit limit usable at 45,000+ stores.
• Interest-Free Repayment: Repay every 15 or 30 days without interest.
• Paperless Process: 100% digital application with no physical documents required.
• Flexible Terms: Personal loan EMI tenures from 3 to 60 months.
• Instant Approvals: Quick approval process, suitable for those with low CIBIL scores.

In conclusion

If you have a bad CIBIL score (below 600) and are having trouble getting a loan, consider bad CIBIL loan apps that are specifically designed to help you. Finnable, Money View, KreditBee, NIRA, and Olyv apps are the best options for borrowers with low credit history, offering fast approvals, flexible repayment terms, and user-friendly processes. By leveraging these platforms, you can get the financial help you need and also improve your credit score.

We hope you got the bad CIBIL loan app list in India 2024. Explore, Compare, & Secure the best Loan- researched by MyLoanReview.IN

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