Do you have a bad CIBIL score or a low CIBIL score of around 600?
Here is the “600 CIBIL Score Loan App and bad CIBIL loan app list in India 2024.
Even if your CIBIL score has dropped to a bad level, you don’t need to worry anymore, you can get a personal loan even with a bad CIBIL score.
Nowadays, there are many bad CIBIL loan apps or less than 600 CIBIL loan apps that offer “no tension personal loan” up to Rs 5 lakh online.
Open your smartphone, download the app, and apply for a personal loan now…
Table of Contents
What is a good CIBIL score in India for a loan?
In India, the CIBIL score is a 3-digit numerical summary of your credit history, rating, and report, and ranges from 300 to 900.
A CIBIL score between 300 and 650 is considered poor or bad. A CIBIL score between 650 and 700 is an average, while a score between 700 and 750 is a good CIBIL score. A score between 750 and 900 is generally considered an excellent score.
Here is a simple example of analyzing the CIBIL score:
- Excellent: 750 and above
- Good: 700 to 750
- Fair: 650 to 700
- Poor or bad: 300 to 650
For online lenders, a high score means you are a responsible borrower and likely to repay the loan on time, while a poor score means you are a high-risk borrower. When you apply for a loan, lenders first consider your CIBIL score to evaluate the risk of lending you a loan.
600 CIBIL score loan app & bad CIBIL loan app list
Here is a list of the top 10 bad CIBIL loan apps and below 600 CIBIL score loan apps. If your CIBIL score is below 600 or very bad, consider these bad CIBIL loan providers, these apps are trusted by millions of people for bad CIBIL loans.
600 or bad CIBIL score loan app list in India…
| Loan Apps | Interest Rate | Loan Amount |
|---|---|---|
| Finnable | 16.99% to 26% per year | upto Rs.10 Lakhs |
| Moneyview | 1.33% p.m. onwards | Rs. 5000 to Rs. 10 lakhs |
| KreditBee | 1.02% p.m. onwards | ₹3,000 to ₹5 Lakhs |
| NIRA | starting at 24% p.a. | Rs. 5,000 to Rs. 1 lakh |
| EarlySalary | Rs. 9 per day onwards | INR 8,000 to INR 5,00,000 |
| PaySense | 1.4% to 2.3% per month | ₹ 5000 to to ₹5 lakh |
| LazyPay | 18% per year | Rs. 3000 to Rs. 5 lakhs |
| mPokket | 2% – 4% per month | ₹ 500 to ₹ 30,000 |
| Buddy Loan | 11.99% p.a. | ₹10,000 to ₹15 lakhs |
| CASHe | 2.50% p.m. onwards | up to Rs 4 lakhs |
| SmartCoin | 18% – 30% p.a. | Rs. 1,000 to Rs. 5,00,000 |
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Between 300 and 600 CIBIL score is good or bad?
CIBIL score (300 to 900) is a numerical summary of your credit history and loan eligibility, generated by Credit Information Bureau (India) Limited (CIBIL) based on your credit behavior, such as loan repayments and credit card usage.
A CIBIL score between 300 and 600 is considered below average, this is due to not repaying loans on time or defaulting on loans. It becomes difficult to get a loan with such a low CIBIL score.
However, you can still get a personal loan with the help of a “600 CIBIL score loan app or a bad CIBIL loan app in India.
How much of a loan can you get with a 600 credit score or a bad CIBIL score?
600 CIBIL is a challenging score to get a loan, as it is considered a below-average score.
However, you can still secure an online personal loan ranging from ₹50,000 to ₹2,00,000, depending on factors like income, employment status, the type of loan, and the lender.
For example, Money View offers up to 10 lakh rupees Personal Loan instantly regardless of your CIBIL score.
Similarly, with the help of the below 600 CIBIL Score Loan Apps or bad CIBIL loan apps, you can apply for an online personal loan as required.
Below 600 CIBIL score loan app review
Below we have reviewed the top 5 popular bad CIBIL loan apps that offer personal loans with a CIBIL score of 600 or less in India. It includes Loan app features, loan limits, interest rates, loan tenure, application process, etc.
1. Finnable
Finnable is a popular online loan app in India with a 3.3 rating on the Play Store and has been downloaded by more than 1 million users.
Finnable app offers personal loans to every borrower, even those with a CIBIL score of 600 or less can apply for a loan.
If you are a borrower with a bad credit score or poor CIBIL score and need a loan, Finnable can offer you an instant personal loan of up to Rs 10 lakh at an interest rate of 7% to 12% per annum and repay it in 6 to 12 months at your convenience.
Finnable is an NBFC authorized and regulated by RBI, it offers loans through a 100% online application process.
2. Moneyview
With the Money View app, you can avail a personal loan of up to Rs 10 lakh. All you need is an Aadhaar card.
Also, if your CIBIL score is 600 or less, you don’t have to worry, Money View considers all CIBIL score users.
Money View, a poor CIBIL score loan app, offers personal loans with flexible tenures of 3 to 60 months and interest rates as low as 16% per annum.
If you are a bad CIBIL score borrower, use the Money View app once.
3. KreditBee
KreditBee is one of the bad CIBIL loan providers in India.
KreditBee provides personal loans from Rs.10000 to Rs.5 lakh to all average credit score borrowers.
KreditBee loan Interest rates are affordable from 16% to 29.95% per annum. The repayment tenure is flexible 4 to 24 months.
Loan approval and disbursement in just 10 minutes.
4. NIRA
Nira is one of the RBI-registered NBFCs in India, known for the bad CIBIL loan app, NIRA offers personal loans to all borrowers (bad to excellent credit score borrowers).
Also, the Nira app is a safe and reliable platform for personal loans.
Nira offers personal loans up to Rs 5 lakh with an interest rate of 2% per month and a long repayment period of up to 12 months.
If you need an instant loan but your credit score is 600 or below, consider the NIRA “No Tension Loan”. Just download the app and apply for a loan online.
5. CASHe
CASHe mobile application is an RBI-registered NBFC that offers short-term personal loans ranging from ₹1,000 to ₹4,00,000 at a monthly interest rate of 2.50% and repayable in 3 to 18 months. But the best part is that the CASHe app is classified as a 600 CIBIL score loan app because even every borrower with a low CIBIL score from a lower to high can get a personal loan here.
Watch this video – how to get a personal loan with a 600 CIBIL score or a very bad CIBIL score...
FAQs –
Can I get loan if my CIBIL score is 600?
Yes, you can avail of a personal loan, a 600 CIBIL score is good enough for a personal loan. Because many online lenders offer personal loans with a 600 CIBIL score or lower, there may be higher interest rates and stricter terms. For loan approval, you may need to show other criteria like employment status, income, etc.
Can I get a loan with 650 credit score?
Yes, you can get a loan with a credit score of 650. But, according to data from many online lenders, interest rates will be higher as most lenders consider a score of 750 or above seamless loan approval.
Which app gives a loan on a 600 CIBIL score?
Here are some apps that can provide loans to borrowers with a 600 CIBIL score, including; moneyview, LoanTap, PaySense, MoneyTap, Dhani, India Lends, KreditBee, NIRA, CASHe, Early Salary, SmartCoin, and Home Credit.
How can I increase my CIBIL score from 600 to 750 immediately?
To increase your CIBIL score from 600 to 750 you need to follow this effective method which includes repaying loans on time, maintaining a good credit history, keeping a low credit utilization ratio, avoiding multiple loans/inquiries, balancing secured and unsecured loans, keeping old credits open and checking your credit report frequently.
Is 600 a good CIBIL score for car loan?
For many lenders, a CIBIL score of 600 or above can be considered a good score for a car loan, as a car loan is a secured loan. But with this score, you may get a loan at a higher interest rate than expected.
How to get a loan with bad CIBIL?
Apply for a loan with a co-signer (who has a good credit score), choose a secured loan option against collateral, or approach lenders specializing in high-risk loans.
Which app gives loans with low CIBIL?
Money View, Finnable, CASHe, and MoneyTap are known for offering loans to individuals with low CIBIL scores, considering other factors such as income, employment history, and financial stability to assess loan eligibility.
Can I get 50000 with 700 credit score?
A CIBIL score of 700 is considered good by all lenders. Lenders can easily provide a loan of Rs 50,000 or more on a CIBIL score of 700.
Is 552 a bad credit score?
Yes, a 552 credit score is considered very poor and bad.
Conclusion –
We hope you got the 600 CIBIL score loan app and a bad CIBIL loan app list in India 2024. All the apps mentioned here are good for getting a loan on a bad CIBIL score.
If your CIBIL has fallen to a bad level or below 600, but you want to take a loan and are not getting a loan from a bank or finance company, then apply for a loan through these loan apps.
Disclaimer: Research thoroughly the terms and conditions, interest rates, charges, and privacy transparency of these loan applications before applying to minimize potential regrets and risks.
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