Getting a personal loan with a low credit score can feel frustrating, especially when most lenders expect a perfect track record. But don’t worry. There are plenty of loan apps today that understand real-life situations and offer help even if your credit score isn’t great. These apps focus more on your current income, repayment ability, and transaction habits rather than just your past records. In this blog, we’ll walk you through some trusted personal loan apps that make it easier for you to borrow without the stress of having a high credit score.

Understanding CIBIL Score and Its Impact on Personal Loans

Your CIBIL score is a three-digit number that shows how trustworthy you are when it comes to credit. It ranges from 300 to 900. The higher the number, the better your chances of getting a personal loan from a bank or lender. Most lenders feel confident when the score is above 750. If your score is around that range, you’re more likely to get faster approval, better interest rates, and higher loan amounts.

Now, if your score is lower, it doesn’t mean your options are gone. A score below 650 is generally seen as poor, while anything between 650 and 750 is considered fair. If your score is in this range, some banks might hesitate, but not all. Many lenders, especially new-age fintech companies, are open to giving loans to people with low credit scores. They may look at your income, job type, and repayment ability instead of just focusing on your credit history.

If you’re searching for a personal loan with low CIBIL score, make sure you check the eligibility rules carefully. Some lenders offer special products for people with weaker scores or past delays. You might have to pay a slightly higher interest rate or offer extra documents, but it’s still possible to get the loan you need.

The important thing is to not panic. Keep a close watch on your credit habits, make payments on time, and avoid unnecessary debt. Over time, your score will improve. In the meantime, if you need funds urgently, there are lenders who understand that a low score does not define your entire financial story. Let's take a look at them below.

Best 10 Personal Loan Apps for Low CIBIL Score

1. Freo Money

   If you need a loan and like the idea of having a credit limit you can dip into anytime, Freo is worth checking out. You get a pre-approved line of credit, but you only pay interest on the amount you actually use. The whole process happens through the app, and once approved, you can borrow anywhere from ₹3,000 to ₹5 lakh. You also get to choose how long you want to repay it, from 2 months up to 3 years.

   • Loan Amount: ₹3,000 to ₹5,00,000
   • Tenure: 2 to 36 months
   • Interest: Starts at 1.08% per month
   • Good for: People who want flexible borrowing and prefer not to take a lump sum all at once.

2. PaySense

   PaySense makes it pretty simple to get a personal loan, even if your credit score isn’t perfect. They work with different NBFCs and let you borrow through their app without too much paperwork. Approval is quick, and you don’t need to be a long-time credit user to apply. Once you're in, you can pick your EMI plan and get your loan disbursed fast.

   • Loan Amount: ₹5,000 to ₹5,00,000
   • Tenure: 3 to 60 months
   • Interest: Between 16% and 36% per year
   • Good for: Salaried folks with limited credit history who need structured EMI loans.

3. NIRA

   NIRA is a solid option for salaried employees earning around ₹12,000 or more each month. Even if your credit file is thin, they may still offer you a small personal loan. Everything happens through the app, and you can apply for quick emergency funds without the usual complexity.

   • Loan Amount: ₹5,000 to ₹1,50,000
   • Tenure: Up to 12 months (some shorter)
   • Interest: Around 24% to 36% per year
   • Good for: Low-income salaried workers who need small loans despite a low or limited credit score.

4. KreditBee

   KreditBee has become a popular name among instant loan apps, especially for younger users or those who need quick access to cash. Whether you’re looking for a small short-term loan or a bigger one up to ₹10 lakh, the app has different options for different needs. Once approved, the money lands in your account in just a few minutes. It's digital, it's fast, and they’ve made it easier for people with average credit to still get financial help.

   • Loan Amount: Up to ₹10,00,000
   • Tenure: 6 to 60 months
   • Interest: Varies, but rates are clearly shown
   • Good for: Anyone needing fast funds, whether it's a ₹5,000 emergency or a big ₹5 lakh purchase.

5. Moneyview

   Moneyview takes a slightly smarter approach to credit. Instead of only depending on your CIBIL score, it uses its own checks. This means even if your score isn’t great, you might still qualify. You can borrow as little as ₹5,000 or go up to ₹10 lakh, and you get up to 5 years to repay.

   • Loan Amount: ₹5,000 to ₹10,00,000
   • Tenure: Up to 5 years
   • Interest: From 15.96% per year
   • Good for: People who want higher loan amounts even with a below-average credit score.

6. CASHe

   CASHe targets younger salaried professionals looking for short-term cash flow. The app offers loans from ₹45,000 to ₹3 lakh, usually for 9 to 18 months. The process is completely digital, and you’ll need to have a minimum salary of ₹40,000 to qualify.

   • Loan Amount: ₹45,000 to ₹3,00,000
   • Tenure: 9 to 18 months
   • Interest: Depends on the loan amount and duration
   • Good for: Urban salaried folks needing short-term, fast-disbursed loans.

7. Navi

   Navi is one of the few apps where you might get a big loan with a lower interest rate, even if your credit isn’t spotless. You can apply for up to ₹20 lakh and pick a repayment period that lasts as long as 6 years. The process is fully digital, and everything, including verification, happens in the app. If you’re looking for a larger loan and want a clean, bank-like experience without the traditional hassle, Navi fits that bill well.

   • Loan Amount: ₹10,000 to ₹20,00,000
   • Tenure: 3 to 72 months
   • Interest: Starts at 9.90% per year
   • Good for: Borrowers with a fair credit score looking for long-term or high-ticket personal loans.

8. PayMe India

   PayMe India is perfect for small, quick loans. You can borrow amounts as tiny as ₹500 or go up to ₹5 lakh. It’s good for emergencies or just getting through a tight month. The app is simple, and most loans are disbursed within a day or two.

   • Loan Amount: ₹500 to ₹5,00,000
   • Tenure: 3 to 24 months
   • Interest: Starts from 1.5% per month
   • Good for: Anyone looking for fast, low-ticket emergency loans with minimal paperwork.

9. LazyPay

   LazyPay is mainly known for "Buy Now, Pay Later," but it also gives personal loans within its app. These loans are usually smaller, up to ₹1 lakh, and can be used for anything, like travel, education, medical bills, or something else. If you're already using LazyPay, you might get pre-approved instantly.

   • Loan Amount: ₹10,000 to ₹1,00,000
   • Tenure: 3 to 24 months
   • Interest: Around 18% to 32% per year
   • Good for: Existing LazyPay users who want a personal loan rather than a pay-later limit.

10. LoanTap

    LoanTap gives you more structured and flexible options than many typical loan apps. You can go for step-up EMIs, overdraft-style credit, or regular personal loans. It’s a bit more traditional in how it works but still fully digital. Loan amounts can go up to ₹10 lakh, and the interest rates are often better than short-term loan apps.

    • Loan Amount: ₹50,000 to ₹10,00,000
    • Tenure: 6 to 60 months
    • Interest: Around 12% to 26% per year
    • Good for: Salaried or self-employed users with fair credit who want flexible EMIs and larger loans.

Closing Thoughts

Choosing a personal loan app becomes much easier when you know what to look for and which lenders understand real situations. A low credit score can feel stressful, but it does not close all doors. Many of the apps you saw above focus more on your present income, your payment habits, and how you manage your money every month. Take your time to compare options, check the interest rates, and pick one that feels comfortable for your budget. If you stay consistent with your repayments, you can slowly rebuild your credit score while also meeting your immediate needs.

Frequently Asked Questions (FAQs)

1. Are there alternatives to loans if my credit score is low?

   Yes, you still have options even if your credit score isn’t great. You can try peer-to-peer lending platforms where individuals lend money directly to others. Some people also choose to borrow from family or friends as a temporary solution. Credit unions are another route. They usually have more flexible rules and may be willing to work with you even if your credit is not perfect.

2. How can I improve my chances of getting a loan with a low credit score?

   Start by showing that you can handle money responsibly. Pay your EMIs on time and try to reduce any debts you already have. Having a steady income and a low debt-to-income ratio will also help. Lenders look for signs that you can manage repayment, so the more stable your financial habits look, the better your chances.

3. Can a loan actually help improve my low credit score?

   Yes, it can. If you take a loan and repay it on time, your credit score will gradually improve. Every on-time payment you make adds a positive record to your credit history. Just make sure you never miss an instalment. Late payments or defaults can make things worse, so it’s important to borrow only what you can comfortably repay.

4. What types of loans are available for someone with a low credit score?

   You have a few choices. Some lenders offer personal loans designed for people with poor credit. These may come with higher interest rates but are still an option. You can also go for secured loans. If you have property, gold, or even a fixed deposit, you can use those as collateral. Since the lender has some security, the chances of approval go up.

5. Is it really possible to get a loan with a low credit score?

   Yes, it’s possible. If you earn well and can prove that you can repay, lenders may still approve your application. You can also boost your chances by applying with a co-applicant who has a higher credit score. This gives the lender more confidence in your overall repayment capacity.