Yes, you read that correctly. You can still obtain a personal loan in India even with a low CIBIL score by using several reputable personal loan apps. Many RBI-regulated NBFCs and fintech lenders now use alternative data—such as income, repayment behaviour, employment stability and bank transaction history—alongside credit scores to assess eligibility. Apps like Bajaj Finserv and Fibe offer quick digital loans with flexible criteria designed to include borrowers with limited or poor credit history.
Being rejected because of a low CIBIL score can be stressful, but the lending landscape has changed. Today, a growing number of loan apps evaluate an applicant’s overall financial profile rather than relying solely on CIBIL. With digital lending growth and RBI initiatives promoting financial inclusion, borrowers can access quick, paperless loans even with imperfect credit records.
This article outlines the top personal loan apps for low CIBIL score borrowers in India (2026) and explains how to select the right app for your needs.
Top Personal Loan Apps for Low CIBIL Score in India – Quick Comparison
| Loan App | Loan Amount | Interest Rate (p.a.) | Tenure | Key Highlight |
|---|---|---|---|---|
| Bajaj Finserv | ₹20,000 – ₹40 lakhs | Starting ~13% | Up to 96 months | High loan amounts; well-established NBFC |
| Fibe | Up to ₹10 lakhs | Starting ~18% on reducing balance | 6 – 36 months | Fast approval with minimal documentation |
| Navi | Up to ₹20 lakhs | Starting ~9.9% | Up to 72 months | Fully digital with instant disbursal |
| PaySense (now LazyPay) | ₹5,000 – ₹5 lakhs | ~16% onwards | Flexible | Designed for thin credit profiles |
| CASHe | ₹1,000 – ₹4 lakhs | Higher range | Short-term | AI-based underwriting using social and behavioural data |
| TrueBalance | ₹1,000 – ₹2 lakhs | ~24% onwards | Short-term | Accessible for low-income users |
| ZestMoney | ₹5,000 – ₹2 lakhs | Varies | Short-term | No credit score required in some cases |
| KreditBee | ₹1,000 – ₹5 lakhs | ~17%+ | Up to 24 months | Good for first-time borrowers |
| moneyview | Up to ₹10 lakhs | Starting ~14% | Up to 60 months | Personalised offers using data-driven models |
Note: Interest rates and loan terms vary by applicant profile and lender policy and may change over time.
1. Bajaj Finserv
Top USP: High loan amounts combined with a strong trust factor
Bajaj Finserv is a well-established NBFC that evaluates income stability and employer profile alongside credit history. While approval still depends on your overall profile, Bajaj Finserv is often more willing to consider applicants whose credit scores are not ideal.
- Loans up to ₹40 lakhs
- Flexible tenures up to 96 months
- Pre-approved offers for existing customers
- Competitive interest rates compared to many fintechs
2. Fibe
Top USP: Fast approvals with minimal documentation
Fibe focuses on instant approval and quick disbursal, particularly for young salaried users and those new to credit. By using alternate data and AI-based underwriting, Fibe simplifies access for applicants with low CIBIL scores.
- Loans up to ₹10 lakhs
- Fully digital process with Aadhaar-based KYC
- Quick disbursal, often within minutes for eligible users
- Flexible tenure options
3. Navi
Top USP: End-to-end digital experience with low starting rates
Navi offers a paperless, transparent loan process and evaluates applicants using internal risk models that consider factors beyond CIBIL. This makes it attractive for borrowers seeking low rates and fast processing.
- Loans up to ₹20 lakhs
- Interest rates starting around 9.9%, depending on profile
- Instant approval and disbursal
- No physical documentation required
4. PaySense (LazyPay)
Top USP: Tailored for thin or new credit profiles
PaySense evaluates applicants with alternative credit scoring models and aims to serve borrowers who lack an extensive credit history.
- Loans starting from ₹5,000
- Flexible EMI options
- Simple eligibility criteria
- Higher approval chances for first-time borrowers
5. CASHe
Top USP: AI-driven social and behavioural scoring
CASHe relies on proprietary models that factor in social, behavioural and transaction data. This approach helps the lender identify creditworthy applicants beyond traditional credit scores.
- Short-term loans with quick access
- Instant approval for eligible users
- Focus on salaried millennials
- Minimal documentation
6. TrueBalance
Top USP: Small-ticket loans with higher approval odds
TrueBalance targets users with lower incomes or limited credit histories, offering quick access to small loans designed for essential expenses and short-term needs.
- Loans starting from ₹1,000
- Simple eligibility criteria
- Quick disbursal for small-ticket amounts
7. Kissht
Top USP: Flexible EMI financing plus personal loans
Kissht offers a mix of consumer finance and small personal loans with flexible repayment structures, suitable for borrowers who need manageable EMIs and limited documentation.
- Wide range of loan products
- Flexible repayment structure
- Suited to small-ticket loans
- Minimal documentation
8. ZestMoney
Top USP: Reduced dependency on strict credit scores
ZestMoney focuses on affordability-based lending and often approves small loans or EMI plans without requiring a strong credit score, making it useful for short-term financing.
- Affordability-based lending model
- Instant approvals for eligible users
- EMI options without a credit card
- Partnerships with multiple merchants
9. KreditBee
Top USP: Fast loans for first-time and young borrowers
KreditBee serves young professionals and gig workers with quick personal loans and relatively relaxed eligibility criteria, supporting a straightforward digital application flow.
- Loans starting from ₹1,000
- Short approval time
- Suitable for low-income or new borrowers
- Simple digital process
10. moneyview
Top USP: Personalised offers using AI-driven risk assessment
moneyview evaluates applicants with data-driven methods to provide customised loan offers, which can extend to users with lower credit scores depending on their overall profile.
- Loans up to ₹10 lakhs
- Tailored offers based on applicant data
- Quick digital process
- Flexible tenure options
Factors That Affect Your Eligibility Beyond CIBIL Score
Even with a low CIBIL score, lenders consider several other factors when evaluating loan applications:
- Monthly Income: Stable and adequate income supports repayment capacity.
- Employment Type: Salaried employees often receive faster approvals than freelancers or gig workers.
- Bank Statement Analysis: Lenders review spending patterns, inflows and balance consistency.
- Existing EMIs (FOIR): Lower existing obligations improve eligibility.
- Repayment Behaviour: Past repayment history, including BNPL or informal credit, influences decisions.
- Employer Credibility: Working for a reputed company can boost approval chances.
- Location Tier: Applicants in metros and Tier 1 cities may get broader access to offers.
How to Choose the Right Loan App with a Low CIBIL Score
When your credit score is low, compare loan apps carefully. Follow these guidelines:
- Check RBI Registration: Prefer apps backed by RBI-registered NBFCs or banks.
- Compare APR, Not Just Interest Rate: APR includes processing fees and other charges—use it to compare true cost.
- Look for Flexible Repayment Options: Choose apps that offer multiple tenure choices and EMI plans.
- Avoid Hidden Charges: Read the Key Fact Statement (KFS) and fee schedule closely.
- Check Disbursal Speed: If you need funds quickly, prioritise apps known for instant or same-day disbursal.
- Evaluate Customer Reviews: Ratings and user feedback reveal real-world experiences with service and collections.
- Start Small: Borrow a modest amount initially and repay on time to rebuild your credit profile.
- Use Eligibility Checkers (Soft Inquiry): Use pre-qualification tools that perform soft checks to avoid multiple hard inquiries.
The Bottom Line
A low CIBIL score is no longer an absolute barrier to obtaining a personal loan in India. Fintech innovation and alternate-data underwriting have opened multiple channels for borrowers with imperfect credit histories. The prudent approach is to compare offers, prioritise regulated lenders, avoid unnecessary fees, and borrow responsibly. Timely repayments will help rebuild your credit score and unlock better rates and higher limits in the future.
FAQs on Personal Loan Apps for Low CIBIL Score
1. Can I get a personal loan with a low CIBIL score in India?
Yes. Several loan apps assess income, employment stability and repayment behaviour in addition to credit scores, enabling approvals for applicants with low CIBIL.
2. What is the minimum CIBIL score required for a personal loan?
While many lenders prefer a CIBIL score of 700+, some apps consider applicants with scores in the 550–650 range by evaluating alternate data like bank transactions and income.
3. Which loan app is best for low CIBIL score in India?
Options such as Bajaj Finserv, Fibe, Navi and PaySense are frequently recommended because they assess broader financial signals beyond just credit scores.
4. Can I get an instant loan without a CIBIL check?
Some apps use soft checks or alternative credit assessments; fully skipping credit evaluation is uncommon. Instant disbursal is possible if the alternate checks meet lender thresholds.
5. Do personal loan apps check bank statements?
Yes, most lenders analyse bank statements to verify income consistency, cash flow and spending habits before approving a loan.
6. Will applying for multiple loan apps affect my CIBIL score?
Multiple hard inquiries can lower your credit score temporarily. It’s better to use soft eligibility checks first to avoid unnecessary hard pulls.
7. What is the safest loan app in India?
Safer choices are apps partnered with RBI-registered NBFCs or banks, such as Bajaj Finserv, Fibe, Navi and moneyview.
8. How can I improve my chances of loan approval with a low CIBIL score?
Improve approval chances by maintaining a stable income, reducing existing EMIs, applying for smaller amounts, and ensuring clean bank statements.
9. Are interest rates higher for low CIBIL score loans?
Yes. Lenders typically charge higher interest rates for higher-risk borrowers to compensate for increased default risk.
10. Can taking a loan improve my CIBIL score?
Yes. Timely repayment of EMIs reflects positively in credit reports and can help improve your credit score over time.