47+ Bad Cibil Loan App List in India [2024]

Do you have a low credit score and are searching for a list of loan apps that offer loans with bad cibil score. With proper research and testing, we have created bad cibil loan app list for you.

We have also shared everything related to how to apply for a loan, what are the factors affecting credit scores, and much useful information in this post. These apps will provide urgent loans for cibil defaulters at minimum interest rates.

These apps can get you a good loan amount even if you have a low credit score of 550, 400, or even below 300. All these apps are tried and tested and are RBI and NBFC approved, so there is no risk in using them.

But we would recommend improving your credit score for future benefit. Also, check this list of 700 fake loan companies that you should avoid before applying for a loan.

What is a Credit Score? 

A credit score is a numerical representation of an individual’s creditworthiness. It ranges from 300 to 850. It is generated based on their credit history. The credit score reflects how responsibly they have managed past financial obligations—for example, loans, credit cards, and mortgages.

Credit Score
Img Source: NJ.com

Lenders, landlords, and other institutions use credit scores to assess the risk of lending or providing services to an individual. A higher credit score suggests lower risk. It often leads to better loan terms and access to financial opportunities. A lower score may result in higher interest rates and limited borrowing options. It also needs personal loans with bad cibil scores to help in obtaining loans or leases. 

Factors Affecting Credit Scores 

Various factors determine credit scores. The factors are: 

  1. Payment history (35%) – Assesses on-time payments
  2. Credit use (30%) – considers the ratio of credit used to credit limits
  3. Length of credit history (15%) – measures the age of accounts
  4. Credit mix (10%) – involves diverse types of credit
  5. New credit inquiries (10%) – assesses recent credit applications.

Harmful elements like bankruptcies and public records can lower scores. Maintaining a healthy credit score is essential, influencing loan eligibility, interest rates, and financial opportunities. Responsible management of these factors can lead to a favorable credit score, facilitating better economic outcomes. 

Also Read: Best instant loan app without salary slip

Impact of Low Credit Scores on Borrowing 

Low credit scores have a significant negative impact on borrowing capabilities. Lenders view individuals with low credit scores as higher-risk borrowers. This often results in several consequences. Obtaining loans becomes more challenging, with limited access to credit cards, personal loans, and mortgages. Also, if approved, borrowers with low scores may face higher interest rates. This translates into increased borrowing costs over time.

Additionally, lower credit limits and less favorable terms can restrict financial options. Finally, borrowing for significant life events like buying a home or starting a business can be more challenging. It can also be delaying or hindering personal and financial goals.

Top 50 Loan Apps for Low Credit Scores [Comparison Table]

S.No.App NameInterest rates

Per Month





Store Rating

Loan Approval TimeLoan Amounts
1Indiagold0.77No credit score required4.630 minsUpto 1 Cr.
2Money ViewFrom 1.336504.724 hrs10k – 5 lac
3Fibe1.55754.42 hrs5k – 5 lac
4CASHe2.25-2.56003.715-20 mins10k – 2 lac
5FlexSalary35754.61 hr4k – 2 lac
6KreditBee1.02-2.56004.510 mins1k – 2 lac
7MoneyTap1.086004.04 mins3k – 5 lac
8NIRA1.676814.324 hrs5k – 1 lac
9PaySense1.33-2.176503.74 hrs5k – 5 lac
10StashFin0.99-4.95503.84 hrs.500 – 5 lac
11Rupeeredee2.83 – 35502.85 mins5k – 5 lac
12LoanTap1.25 – 26003.724-36 hrs50k – 10 lac
13Money in Minutes2.23 – 35004.75 mins1k – 50k
14AnyTimeLoan0.84 – 2.126004.71 min1k – 5 lac
15Home Credit2 – 2.836504.41 day10k – 50k
16MoneyOnClick1.58 – 36504.02-3 days3k – 1 lac
17Finomena1 – 36004.15 mins5k – 5 lac
18BuddyLoanFrom 16004.41 – 2 days10k – 15 lac
19LoanAdda0.95 – 36004.25-7 days10k – 10 lac
20Qbera0.99 – 2.995753.81 min25k – 15 lac
21LoanFront1 – 36004.415 mins50k – 10 lac
22mPokket0 – 45504.4Few hrs30k
23LazyPay1.33 – 2.666604.45 minsUpto 1 lac
24Money View1.33 – 3.256004.724 hrs5k -10 lac
25Bajaj Finserv1 – 2.836504.55 mins20k – 40 lac
26Mobicred1 – 2.832.62.61 dayUpto 1 lac
27Tata Capital0.92 – 2.337504.072 hrs75k – 35 lac
28PayMeIndia1.5 – 36503.91 dayUpto 5 lac
29DhaniUpto 3.57503.35 mins1k – 15 lac
30Early Salary1.45 – 3.337204.42 hrs5k – 5 lac
31India Lends0.85 – 2.087504.01-2 days25k – 50 lac
32Paytm Pay Later0.87 – 4.047004.510 mins10k-5 lac
33Zest Money0.25 – 36003.824 hrs5k – 5 lac
34DigiMoney1.58 – 2.837503.830 mins5k – 1 lac
35Kissht1.5 onwards6004.010 – 15 minsUpto 5 lac
36IndusMobile: Digital Banking1.5 – 3.257504.13 hrsUpto 50 lac
37Mystro Loans & Neo Banking App1.25 – 37504.22-3 hrs5k – 2 lac
38Pocketly1.16 – 3.256004.0Few mins500-10k
39Prefr1.5 – 3No credit score required4.41 minUpto 3 lac
40Fair Money1 – 35502.75 minsUpto 30 lac
41Bueno Loans1.66 – 4.667504.148 hrsUpto 25k
42Bajaj Markets1.16 – 4.666504.124 hrsUpto 40 lac
43RupeeLend3Even below 6503.85 mins.Upto 1 lac
44LoanTap1.57503.724-36 hrsUpto 10 lac
45Realme PaySa0.926004.15 minsUpto 10 lac
46Mi Credit1.35 onwards7004.25 minsUpto 5 lac
47Cashbean2.13 onwardsNo credit score required4.230 minsUpto 60k
48Smartcoin1.667004.11-2 daysUpto 25k
49RapidRupee1 – 3No credit score required4.230 mins1k – 60k
50Truebalance5 – 12.97204.31 day1k – 1 lac

How to Select the Best Loan Apps 

Selecting the best bad cibil loan app from this list involves careful consideration of various factors. Ensure that the borrowing experience is not only convenient but also financially secure. Here are four crucial criteria to test when choosing the best loan apps for low cibil:

#1. Interest Rates and Fees

Look for loan apps that offer competitive interest rates and transparent fee structures. Low interest rates can reduce the whole cost of borrowing. Ensure you understand all fees, including origination, late payment, and prepayment penalties. Compare these rates and fees with other lending options to make an informed decision.

#2. Repayment Terms

Check the repayment terms offered by the loan app. A flexible repayment schedule can be helpful. It allows you to choose a timeline that aligns with your financial situation. Some loan apps offer longer terms with lower monthly payments. Others provide shorter times for quicker repayment. Consider what works best for your budget and financial goals.

#3. Security and Privacy

When selecting the best loan app for a low cibil score, focus on security and privacy. Ensure the app employs encryption methods to protect your personal and financial information. Verify that the app complies with data protection regulations. It must not share your data without your consent. Read user reviews and check for any security breaches or data leaks history.

Also Read: RBI bonds investment for senior citizens

#4. User-Friendly Interface

A user-friendly app interface can enhance your borrowing experience. Look for apps that are easy to navigate and understand. The application process should be straightforward. You should be able to easily access your loan details, repayment schedule, and account information. A responsive customer support system can also be important. It’s crucial in case you encounter any issues or have questions.

Besides these criteria, consider reading user reviews and checking the app’s reputation and ratings on app stores. It’s also wise to compare many loan apps for personal loans for low cibil score. Finding the one that best aligns with your specific financial needs and preferences is essential.

Eligibility Criteria for Low Credit Score Loan Apps 

Eligibility criteria for low credit score loan apps can vary depending on the specific app and the lender or lending platform it partners with. But here are some standard eligibility criteria that individuals with low credit scores may encounter when applying for loans through such apps:

  1. Minimum Credit Score: While these apps are designed to cater to individuals with low credit scores, some may still have a minimum credit score need. This need is lower than what traditional lenders may demand.
  2. Income Requirements: Many loan apps, especially those offering personal loans, may need a minor income level to ensure that borrowers have the means to repay the loan.
  3. Employment Status: Some loan apps may need applicants to have a stable source of income, such as regular employment or a consistent source of income.
  4. Identity Verification: You will likely need to provide valid identification, such as a government-issued ID, to prove your identity.
  5. Age: You must be of legal age (usually 18 or older) to apply for a loan.
  6. Bank Account: Most loan apps need borrowers to have a valid bank account where loan funds can be deposited, and payments can be withdrawn.
  7. Residential Address: You may need to provide proof of your current address.
  8. Debt-to-Income Ratio: Some loan apps may assess your debt-to-income ratio to ensure you can handle extra debt responsibly.
  9. Loan Purpose: Depending on the app and lender, you may need to specify the purpose of the loan, such as for emergencies, debt consolidation, or other needs.

How to Apply for a Loan Using These Bad Cibil Loan App List

Here’s a step-by-step guide on how to apply for a loan using loan apps:

Step 1: Download and Install the App

  • Visit your device’s app store (e.g., Google Play Store or Apple App Store).
  • Search for the loan app you want to use (e.g., Cash App, MoneyOnClick).
  • Download and install the app on your smartphone or tablet.

Step 2: Registration and Verification

  • Open the app and begin the registration process.
  • Provide the required information, including your name, contact details, and email address.
  • Create a secure password for your account.
  • Some apps may need identity verification. Follow the instructions to verify your identity, which may involve submitting a photo of your ID or other documents.

Step 3: Loan Application Process

  • Log in to your newly created account.
  • Navigate to the loan application section within the app.
  • Complete the loan application form, providing details such as the desired loan amount, loan purpose, employment information, and income details.
  • Review the terms and conditions, including the interest rate, repayment schedule, and associated fees.
  • Submit the loan application.

Step 4: Approval and Disbursement

  • The loan app will typically review your application, including your creditworthiness and other provided information.
  • Depending on the app’s processes, you may receive a loan decision within minutes or hours.
  • If approved, carefully review the loan offer and terms provided by the app.
  • Accept the loan offer if it meets your needs and expectations.
  • The loan amount is then disbursed to your bank account, which you would have linked during the registration process.
  • You can use the funds for your intended purpose, whether for emergencies, debt consolidation, or other needs.

Hidden Fees and Charges

The list of these bad cibil loan apps may come with hidden fees that borrowers should be cautious of. These can include origination fees, prepayment penalties, and late payment fees. Some lenders may add insurance or credit protection plans, increasing the cost.

It’s crucial to carefully review the loan agreement and ask about any potential hidden fees before accepting the loan. Awareness of these charges can help borrowers make informed decisions and avoid unexpected financial burdens. 

Scams and Fraudulent Apps 

Scams and fraudulent apps targeting individuals seeking urgent loans for cibil defaulters are a significant concern. These apps often promise quick approvals and easy access to funds but may exploit borrowers. Common red flags include upfront fees, vague or misleading terms, and unverified lenders.

Scammers may also request personal and financial information for identity theft. To protect yourself, research apps thoroughly, verify lender credentials, and be cautious of requests for upfront payments. Report suspicious apps or offers to relevant authorities to prevent falling victim to financial fraud.

FAQs on Bad Cibil Loan App List

#1. What Is the Minimum Credit Score Required?

Ans. You need a minimum of 720-750 to apply for a personal loan.

#2. Can I Get a Loan with No Credit History?

Ans. Yes, you can get a loan with no credit history. Options include secured loans, credit builder loans, cosigners, credit unions, and online lenders. Be cautious with high-cost payday loans and focus on responsible borrowing to establish credit.

#3. What Happens If I Miss a Payment?

Ans. If you miss a loan payment, you may incur late fees, interest charges, and damage to your credit score. Your lender may also report the missed payment to credit bureaus, making it harder to secure future loans. Communicate with your lender to discuss options and avoid further financial consequences.

#4. Can I Improve My Credit Score with These Loans? 

Ans. Yes, some loans, like credit builder loans and responsible use of credit cards, can help you improve your credit score by establishing a positive payment history. Timely payments and accountable financial management are crucial to enhancing your creditworthiness over time. 

Eleggible’s Final Words

The 50 best bad cibil loan app list offer a lifeline to individuals with low credit scores, empowering them to take control of their financial future. These apps bridge the gap left by traditional lenders by providing accessible and flexible borrowing options. With transparent terms and user-friendly interfaces, they redefine financial inclusivity.

Borrowers can navigate their way to better credit health, as responsible usage of these bad cibil loan app list contributes to a positive credit history. Whether for emergency expenses, debt consolidation, or achieving personal goals, these apps offer a second chance to those who traditional banking systems may have sidelined. These apps are critical in reshaping financial empowerment in today’s digital age. 

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