A low CIBIL score can make borrowing stressful, but it doesn’t mean the doors are closed. Today, many digital lenders offer instant personal loans for individuals with low CIBIL scores, focusing more on current income and bank activity rather than past credit mistakes.
With 24hrLoan, you can check and apply for instant loan offers from multiple banks and NBFC loan apps—even if your CIBIL score is low.
Can You Get an Instant Personal Loan with Low CIBIL?
Yes. Many NBFCs and digital lending apps provide instant approval loans for low CIBIL customers by checking:
- Monthly income
- Employment stability
- Bank transaction history
- Aadhaar–PAN verification
Loan amounts are usually small to medium, but approval is fast.
Features of Instant Personal Loan for Low CIBIL
- Loan Amount: ₹10,000 to ₹20,00,000
- CIBIL Requirement: 550+ required
- Loan Type: Unsecured personal loan
- Approval Time: Within 30 minutes
- Disbursal: Direct bank transfer
- Repayment Tenure: 3 to 36 months
Benefits of Taking a Loan Despite Low CIBIL
1. Quick Financial Support
Ideal for emergencies like medical bills or urgent expenses.
2. No Collateral Required
No need to pledge gold, property, or assets.
3. Fully Online Process
Apply from your mobile anytime, anywhere.
4. Chance to Improve CIBIL Score
Timely EMI payments can help rebuild your credit score.
5. Multiple Lender Access
24hrLoan increases approval chances by showing offers from many lenders.
Also Read: INDmoney Insta Cash Loan
Eligibility Criteria
Though criteria vary, most lenders require:
- Age: 21 to 55 years
- Monthly Income: ₹10,000 or above
- Employment: Salaried or self-employed
- Bank Account: Active savings account
- CIBIL Score: Low score accepted (not for willful defaulters)
Documents Required
- PAN Card
- Aadhaar Card
- Bank statement (last 3–6 months)
- Salary slip or income proof (if available)
Interest Rate & Charges
Loans for low CIBIL generally have higher rates:
- Interest Rate: 18% to 30% per annum
- Processing Fee: Up to 3%
- Late Payment Charges: As per lender policy
Tip: Paying EMIs on time helps reduce future interest rates.
Instant Loan Apps for Low CIBIL Score
| Loan App / Lender | Minimum CIBIL | Loan Amount | Tenure | Approval Time |
| KreditBee | 650+ | ₹1,000 – ₹5,00,000 | 3–24 months | Within minutes |
| MoneyView | 600+ | ₹5,000 – ₹10,00,000 | 3–36 months | Same day |
| PaySense | 600+ | ₹5,000 – ₹5,00,000 | 3–60 months | 24 hours |
| Navi Loan | 600+ | ₹10,000 – ₹20,00,000 | 6–72 months | Instant |
| SmartCoin | 550+ | ₹1,000 – ₹2,00,000 | 3–24 months | Fast |
| TrueBalance | 550+ | ₹1,000 – ₹1,00,000 | 3–12 months | Same day |
How to Apply for an Instant Personal Loan
- Visit the 24hrLoan website.
- Choose “Instant Personal Loan”
- Enter income, CIBIL range, and loan amount.
- Upload documents or complete video KYC.
- Compare offers from multiple lenders.
- Select the best offer and submit.
Tips to Improve Approval Chances with Low CIBIL
- Apply for a smaller loan amount first.
- Ensure salary or income is credited regularly.
- Avoid multiple loan applications at once
- Repay EMIs on time to rebuild your CIBIL score.
Conclusion
An instant personal loan for a low CIBIL score can be a lifeline during emergencies. While interest rates may be slightly higher, timely repayment can help you improve your credit score and unlock better loan options in the future. With 24hrLoan, you can compare instant loan apps from multiple lenders and choose the option that suits your needs—quickly, safely, and confidently.