Getting a loan with a bad CIBIL score can feel difficult. Many banks reject applications instantly if the score is below 650. But today, several NBFCs and instant loan apps offer loans even to people with low or limited credit history.
If your credit score is low due to missed EMIs, high credit card usage, or past financial problems, this guide can help you find better options.
What is Considered a Bad CIBIL Score?
Generally, below 650 is a bad credit score, and 750+ is an excellent score. Let’s check the table below:
| CIBIL Score | Meaning |
| 750+ | Excellent |
| 700–749 | Good |
| 650–699 | Average |
| Below 650 | Low / Bad |
Top Loan Apps for Bad CIBIL Score Borrowers
| Loan App | Loan Amount | Interest Rate | Best For | Approval Speed |
| WeRize | Up to ₹5 lakh | 16% – 26% p.a. | Fast approval | Instant |
| MoneyView | Up to ₹10 lakh | 10%+ p.a. | Flexible eligibility | Fast |
| Navi | Up to ₹20 lakh | 9.9%+ p.a. | Low interest | Instant |
| CASHe | Up to ₹4 lakh | 18%+ p.a. | Young professionals | Fast |
| Fibe | Up to ₹5 lakh | 12%+ p.a. | Salaried employees | Instant |
| Nira | Up to ₹1 lakh | Moderate | Low income users | Fast |
| TrueBalance | Up to ₹1 lakh | Varies | Small emergency loans | Instant |
| mPokket | Up to 50,000 | Moderate–High | Students & beginners | Very Fast |
| PaySense | Up to ₹5 lakh | 16%+ p.a. | Medium loan needs | Fast |
| InCred | Up to ₹10 lakh | 11%+ p.a. | Salaried professionals | Fast |
1. WeRize
WeRize is popular among borrowers with moderate or weak credit profiles. The app focuses on income and repayment capacity instead of only credit score.
Why It’s Useful:
- Fast approval
- Loan approved at 12,000 salary
- Easy digital process
- Flexible eligibility
2. MoneyView
MoneyView uses alternative data analysis and may approve users with average credit scores if their income is stable.
Why It’s Useful:
- Salaried employees can apply
- Self-employed users applicable for a loan
- Moderate CIBIL score required
3. Navi
Navi offers completely digital loans and simple approval processes.
Why It’s Useful:
- Instant processing
- Minimal documentation
- Competitive interest rates
4. CASHe
CASHe uses technology-driven risk assessment instead of relying only on CIBIL.
Why It’s Useful:
- Young professionals
- Get a loan with a 650+ credit score
- First-time borrowers
5. Fibe
Fibe mainly targets salaried individuals and may offer loans even with limited credit history if income is stable.
Why It’s Useful:
- Quick approval
- Easy online process
- Get Loan at low CIBIL score
- Flexible repayment
6. Nira
Nira is suitable for borrowers looking for smaller loan amounts with simple eligibility requirements.
Why It’s Useful:
- Emergency expenses
- First-time borrowers
7. TrueBalance
TrueBalance is commonly used for short-term urgent loans.
Why It’s Useful:
- Utility bills
- Temporary cash shortage
8. mPokket
mPokket offers small instant loans with simplified eligibility.
Why It’s Useful:
- Students
- Beginners with no credit history
9. PaySense
PaySense provides medium-sized personal loans with easier approval than many traditional banks.
Why It’s Useful:
- Flexible tenure
- Easy EMI structure
10. InCred
InCred offers personal loans with competitive rates and fast processing.
Why It’s Useful:
- Salaried professionals
- Stable income borrowers
Also Read: Muthoot Finance Personal Loan Apply
Why These Apps Approve Low CIBIL Borrowers
Traditional banks rely heavily on CIBIL scores, but many digital lenders now check additional factors like:
- Monthly income
- Bank statement analysis
- Job stability
- Spending patterns
This improves approval chances for borrowers with weak credit profiles.
Tips to Get a Loan with a Bad CIBIL Score
Maintain Stable Income
Regular salary credits improve borrower trust. A minimum salary of 12,000 must be required for quick approval.
Keep Current EMIs Low
Make sure you have low EMI on the running loan. This will help you a lot.
Avoid Multiple Loan Applications
Too many applications can further reduce your score. So, check your eligibility fast before applying for a loan.
Repay Current Dues On Time
Improving your repayment history gradually increases your score. Keep maintaining to pay the current loan on time.
Also Read: How to Increase CIBIL Score from 600 to 750
Conclusion
Having a bad CIBIL score does not mean you can never get a loan again. Many modern loan apps and NBFCs now focus on your current income and repayment capacity instead of only your credit history.
However, borrowers with low scores should be extra careful while choosing lenders because interest rates and charges can be higher. The best approach is to borrow only what you truly need, repay on time, and gradually rebuild your credit profile.
A responsible repayment habit today can help you qualify for better loans and lower interest rates in the future.
