5 Best Personal Loan Apps in India for Low Credit Scores

My friend is struggling to get a loan because of a sudden drop in their credit score.  For this reason, many lenders reject the loan application. Then, we suggest to him the five best personal loan apps for those with bad credit scores. Even you can apply if your credit score is 650.

List of 5 Best Personal Loan Apps for Bad Credit Scores

Application	Loan Amount	Interest Rate	Loan Tenure
WeRize	₹30,000 to ₹5 lakh	16% to 24% p.a.	Up to 36 months
CASHe	₹1,000 to ₹4 lakh	18% to 36% p.a.	9 to 18 months
Kreditbee	₹1,000 to ₹5 lakh	17% to 29.95% p.a.	6 to 48 months
StashFin	₹1,000 to ₹5 lakh	11.99% to 59.99% p.a.	3 to 36 months
Navi	₹10,000 to ₹20 lakh	9.90% to 26% p.a.	Up to 72 months

1. WeRize

Salaried employees easily borrow personal loans through WeRize. Individuals with ₹ 12,000 salary are eligible for WeRize personal loan. Even you can apply with a 650 credit score. Borrow up to ₹5 lakh loan digitally.

Key Points:

• The entire process is 100% online.
• Get a personal loan with a 650 to 700 credit score.
• Borrow up to 5 Lakh Loan.
• Low-income earners can apply (₹ 12,000 Salary).
• Flexible repayment tenure of up to 36 months.

2. CASHe

CASHe is ideal for salaried and self-employed individuals who may not have a perfect credit history. This AI-based application provides up to ₹4 lakh loan. The application is a fast and paperless process.

Key Points:

• Self-employed and salaried persons can apply.
• Eligible for bad credit score individuals.
• Unlock maximum loan amount up to ₹4 lakh.
• Applicable for 650 credit score holders.
• Loan disburse within 30 minutes.

3. Kreditbee

KreditBee is one of India’s leading personal loan platforms, designed to serve both salaried and self-employed individuals—especially those with lower credit scores.  This application provides up to ₹5 lakh digital loan.

Key Points:

• Interest rate starts from 0% to 29.95% APR for larger amounts.
• Disburse within 10 minutes for eligible users.
• Accepts users with CIBIL scores as low as 600.
• Repayment term up to 48 months.

4. StashFin

StashFin is built for people with limited credit access. The approval process is quick, and disbursal can happen in just a few hours. It’s a great option if you’re looking for a short-term loan from ₹1,000 to ₹5 lakh.

Key Points:

• Minimum credit score requirement of 600+
• Repayment term up to 36 months.
• Available loans range from ₹1,000 to ₹5 lakh.
• Basic KYC documents are required for loan application.
• Instant approval without delay.

5. Navi

Navi is one of the fastest-growing loan apps in India, known for its 100% digital process. You can borrow up to ₹20 lakh loan from the Navi application. The loan was approved with minimum paperwork.

Key Points:

• Get a higher loan amount up to ₹20 lakh.
• Enjoy repayment tenure of up to 72 months.
• CIBIL score of 650 can apply for a Navi loan.
• Self-employed and salary holder eligible for loan.

Also Read: Get an Instant Personal Loan for Low CIBIL Score

Benefits of Using Loan Apps for Bad Credit

Low Credit-Friendly Approval

Many apps use alternate data like income proof and job stability, so a score below 650 won’t always reject your loan application.

Quick Disbursal

Most apps approve and disburse loans within 30 minutes which breaks traditional banking methods.

Minimal Documentation

No need for physical paperwork or lengthy processes. Everything is digital through your Smartphone.

Flexible Loan Amounts

Borrow a small amount ₹1,000 to a higher amount ₹20 lakh loan depending on your profile and creditworthiness.

EMI & Tenure Customization

Many platforms allow 48 monthly repayment terms which is pocket-friendly for you.

Credit Score Improvement

Timely repayment of loans from these apps can help rebuild and improve your credit score over time.

FAQs