RBI approved low cibil score loan app : If your CIBIL is low and you are looking for a loan app that gives loans on low CIBIL, then you are at the right place because here you will get to know about some such loan apps that give you loans on low CIBIL (just keep in mind that your CIBIL has not decreased due to any loan)
With these loan apps that provide loans with low CIBIL, we can take a loan of up to 10 lakhs which starts from 1000, you can take this loan from your phone sitting at home without any hassle, to take this loan you only need to do KYC and you can easily take a loan in the shortest time possible.
Friends, these are some loan apps that give you loans easily even with a low CIBIL score. Here initially you get a very low loan amount, then as you make payments, your loan limit gradually increases.
RBI approved low credit score loan app (Overview)
| Loan app name | Loan amount (in Rs.) | Repayment period (in days) | Rate of Interest (in %) | Play Store Rating (in stars) |
|---|---|---|---|---|
| Finable Loan App | 10,000 – 5,00,000 | 30 – 720 | 12-24 | 4.2 |
| Snapmint Loans | 1,000 – 2,00,000 | 30 – 180 | 18-30 | 4.1 |
| Branch Loan App | 1,000 – 200,000 | Up to 24 months | 22-28 | 4.0 |
| CreditBee Loan App | 1,000 – 5,00,000 | Up to 36 months | 15-24 | 4.3 |
| Installment loan app | 5,000 – 2,00,000 | 30 – 365 | 20-32 | 4.1 |
| credit loan app | 1,000 – 30,000 | 30 – 180 | 25-35 | 3.9 |
| Smartcoin Loan App | 1,000 – 500,000 | Up to 36 months | 20-30 | 4.0 |
| StashFin Loan App | 1,000 – 5,00,000 | 30 – 365 | 15-25 | 4.2 |
| Creditzy Loan App | 1,000 -5,00,000 | Up to 36 months | 22-30 | 4.0 |
| Lendingkart Loan | 10,000 – 5,00,000 | 30 – 720 | 12-24 | 4.1 |
| Paytm Postpaid Loan | 500 – 2,00,000 | 30 – 365 | 0-24 | 4.3 |
| cashe loan app | 1,000 – 2,00,000 | 30 – 180 | 18-28 | 4.2 |
| FlexSalary Loan App | 1,000 – 2,00,000 | 30 – 365 | 20-30 | 4.1 |
| Amazon Pay Later Loan | 1,000 – 1,00,000 | 30 – 365 | 15-24 | 4.4 |
| Kosh Loan App | 1,000 – 2,00,000 | 30 – 180 | 20-30 | 3.9 |
| Ring Loan App | 1,000 – 2,00,000 | 30 – 180 | 22-28 | 4.0 |
| TrueBalance Loan App | 1,000 – 1,00,000 | 30 – 180 | 20-30 | 4.1 |
| FairMoney Loan App | 1,000 – 2,00,000 | 30 – 365 | 18-28 | 4.2 |
| Mobikwik Zip Loan | 500 -60,000 | 30 days without interest | 15-25 | 4.3 |
| Hero Fincorp Loan App | 10,000 – 3,00,000 | 30 – 24 | 12-24 | 4.2 |
| Nira Loan App | 5,000 – 2,00,000 | 30 – 365 | 20-30 | 4.1 |
| navi loan app | 10,000 – 20,00,000 | Up to 84 months | 12-20 | 4.4 |
| Payrupic Loan App | 1,000 – 1,00,000 | 30 – 180 | 20-28 | 4.0 |
| Paytm Loan | 500 – 5,00,000 | Up to 36 months | 0-24 | 4.3 |
| fib loan app | 1,000 – 5,00,000 | Up to 36 months | 18-28 | 4.1 |
| Mobikwik Loan | 500 – 200,000 | 30 – 365 | 15-25 | 4.3 |
| Privo Loan App | 1,000 – 5,00,000 | Up to 36 months | 20-28 | 4.0 |
This table provides you with information about various loan apps, for more information you can also visit the direct websites of these loan apps to learn,
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RBI approved low cibil score loan app benefits|Benefits of RBI approved low cibil score loan app
| advantage | Description |
|---|---|
| easy eligibility | Loan is also available for those with low CIBIL score |
| Quick process | Fast and simple loan application and approval process |
| Flexible repayment options | Flexible repayment options available |
| no collateral loan | Loan facility without any collateral |
| Minimal documentation | Very few documents required |
| Digital Process | The entire process is online and through the app |
| building a better credit score | Improve your credit score by repaying on time |
| ease of use | User-friendly interface and convenience |
| 24/7 customer support | Customer service available for assistance at any time |
This table shows the benefits of taking a loan from loan apps for those with a low CIBIL score.
RBI approved low cibil score loan app eligibility|Eligibility for RBI approved low cibil score loan app
- You must be an Indian citizen
- Age requirement is 21 to 59
- You will need a smartphone and internet to apply.
- Your CIBIL score must be at least 650
- You will need a savings account
- Saving account and internet will be required
- Debit card or internet banking will be required to give NACH approval
- It is also important that these loan apps are available in your city
These are some essential eligibility criteria based on which you can avail loan from your phone while sitting at home without any hassle,
RBI approved low cibil score loan app documents|Documents for RBI approved low cibil score loan app
- PAN card
- Aadhar card
- You will need to submit a selfie online
- Here you may need to provide bank statement or salary slip at some places, mostly you get the loan just by doing KYC
- Aadhaar OTP will be required so that you can sign the loan agreement online
These are some important documents with the help of which you can take a loan if you suddenly need money
| Also read – RBI approved cash loan app list India: Get instant loan up to Rs 5 lakh from these cash loan apps |
RBI approved low cibil score loan app interest|Interest and cost for RBI approved low cibil score loan app
- You can get a loan rate of up to 36% per annum from these loan apps that provide loans with low CIBIL
- A processing fee of 10% of the loan amount or a maximum of Rs 10,000 if the loan is large will need to be paid
- There is no need to make any additional payment here
- A penalty will be charged if the payment is not made on time
- You will need to pay 18% GST on the loan expenses
Based on these expenses, you can easily avail a loan from your phone while sitting at home without any hassle
RBI approved low cibil score loan app customer care|RBI approved low cibil score loan app customer care
| How to contact us | Description |
|---|---|
| Customer Care Number | Call the phone number given in the ‘Help’ section of the app. |
| Send mail to customer support email id. | |
| Live Chat | Use the live chat feature available in the app. |
| Website | Use the ‘Contact Us’ page on the app’s official website. |
| Social media | Message the app’s official page on Facebook, Twitter, LinkedIn, etc. |
This table summarizes the various easy ways to contact loan apps.
| Also, read this – You can get a loan of Rs 50,000 instantly with your Aadhar Card |
Online RBI approved low cibil score loan app (Conclusion)
If your CIBIL is low and you need a loan, then of course you can easily take a loan on your low CIBIL from these loan apps, you will not have to pay any kind of additional fee to take this loan and along with that your CIBIL score also increases if you make the payment on time,
Friends, here you can easily get a loan of up to 10 lakhs, but keep in mind that you do not get this loan immediately and the interest on this loan is also very high, so if your work can be done without a loan, then you should ignore it, because a loan can be easily obtained at a low interest rate with a guarantee.
I hope you will benefit from this information, thank you very much for your valuable time, have a good day always.