Top 10 500 CIBIL Score Loan Apps in India: Interest Rates, Processing Fee and Eligibility in 2025

A 500 CIBIL score loan app provides an accessible way for borrowers with lower credit ratings to get instant loans. Popular 500 CIBIL score loan apps include NoBroker Instacash, mPokket, CASHe, HomeCredit, LazyPay, etc. The application process is simple, just register on the app, submit KYC documents like Aadhaar, PAN, and bank details and check eligibility. In India, 500 CIBIL score loan app platforms quickly approve loans, offering flexible repayment plans and fast fund transfers, making borrowing hassle-free.  

Top Rated 10 500 CIBIL Score Loan Apps in India (2025)

Looking for quick loans with a low credit score? Discover the top-rated 10, 500 CIBIL score loan apps in India for fast approval and hassle-free borrowing. Download now with the option to download a 500 CIBIL score loan app.

Loan Apps	Rating
NoBroker InstaCash	4.9
mPokket	4.5
LazyPay	4.4
Pocketly	4
HomeCredit	4.5
CASHe	4.4
NIRA	4.3
Prefr	3.8
KreditBee	4.6
MoneyTap	2.9

Top 10 500 CIBIL Score Apps in India (2025)

Having a low credit score can make it challenging to get a loan, but several financial companies provide personal loans to individuals with a low CIBIL score. Here are the 10 top loan apps for a 500 CIBIL score: 

1. NoBroker InstaCash App (4.9)

NoBroker InstaCash is a digital loan app that provides instant access to cash, empowering users to meet their financial needs. With minimal documentation, an easy application process, and instant disbursal, it ensures a stress-free borrowing experience. Whether for unexpected expenses, emergencies, or planned purchases, This App offers a convenient, flexible, and reliable financial solution, making it an ideal choice for those seeking quick and easy loans.

Information	Details
Loan amount range	₹5,000 - ₹10 lakhs
Interest rate	12.99% p.a.
Processing fee	2% to 4% of the total loan amount
Eligibility	Between 21-60 years
Disbursal time	Instant, i.e. 45 seconds
Rating	4.8
Repayment time	3-48 months

Pros

• Flexible auto repayment options
• Instant approval and disbursement
• No collateral
• 100% paperless process 

2. mPokket App (4.5)

mPokket is a popular 500 CIBIL score loan app in India designed for students and young professionals. It allows instant loans with flexible repayment options for those with urgent financial needs. With a user-friendly interface and minimal documentation, mPokket delivers quick access to cash for education expenses, medical emergencies, or other personal requirements. 

Information	Details
Loan amount range	₹50,000
Interest rate	0% - 4% p.m.
Processing fee	₹50 - ₹200 + 18% GST
Eligibility	An Indian citizen with 18+ years
Disbursal time	Instant
Rating	4.4
Repayment time	2-3 months

Pros 

• Loan disbursal in 7 minutes
• 100% online process
• No collateral required

Cons

• Small loan amounts
• High interest rates
• Strict repayment terms

3. LazyPay App (4.4)

LazyPay is the best loan app for a 500 credit score that offers instant credit for online and offline purchases. With LazyPay, users can buy now and pay later, making it convenient for those who want to manage their finances. The app allows flexible repayment options and competitive interest rates. The loan amount on this app ranges from ₹3,000-₹5 Lakhs.

Information	Details
Loan amount range	₹3,000 - ₹5 Lakhs
Interest rate	12% - 36% p.a.
Processing fee	2% of the total loan amount
Eligibility	An Indian citizen of 18+ years of age
Disbursal time	Instant, i.e. 90 seconds
Rating	4.4
Repayment time	Repay once every 15-30 days

Pros 

• Flexible EMI options 
• Zero paperwork
• Instant personal loans with a disbursal time of 90 seconds

Cons 

• Higher interest rates 
• Strict repayment options 
• Not suitable for long-term loans

4. Pocketly App (4.0)

Pocketly is a digital loan app that provides instant loans for short-term financial needs. With a focus on affordability and flexibility, Pocketly provides 24/7 loan help and flexible repayment options. The app is designed for individuals who need quick access to cash for education expenses, medical emergencies, or other personal needs.

Information	Details
Loan amount range	₹50,000
Interest rate	2% - 3% p.m.
Processing fee	1% - 8% of the total loan amount
Eligibility	An Indian citizen of 18-30 years of age
Disbursal time	Instant
Rating	4
Repayment time	2-6 months

Pros 

• 24/7 loan help
• 100% online process
• Student-friendly loan app with low eligibility criteria

Cons

• Limited to small loans only
• Higher interest rates compared to other traditional banks

5. HomeCredit App (4.5)

HomeCredit is a loan app that provides instant loans for various financial needs, including home appliances, electronics, and other consumer goods. The app is designed for individuals who want to purchase consumer goods but need financing options. The loan amount range is ₹10,000 - ₹4,80,000, and this app requires only 2 documents to get a loan. 

Information	Details
Loan amount range	₹10,000 - ₹4,80,000
Interest rate	19.5% - 49% p.a.
Processing fee	0-5%
Eligibility	An Indian citizen of 18-60 years of age
Disbursal time	Instant, i.e. 5 minutes
Rating	4.5
Repayment time	6-51 months

Pros 

• Minimal documentation with only two documents
• 100% safe and secure
• Quick disbursal

Cons

• Higher interest rates
• Poor customer support
• High penalty charges

6. CASHe App (4.4)

CASHe provides instant personal assistance to individuals with short-term financial needs. It offers instant personal loans up to ₹3 lakhs with minimal documentation. The app uses AI-powered technology to assess creditworthiness and provide personalised loan offers. CASHe is specially designed for young professionals and individuals who need quick cash.

Information	Details
Loan amount range	₹45,000 - ₹3,00,000
Interest rate	3.85% p.m.
Processing fee	₹3,245
Eligibility	An Indian citizen of 21-55 years of age
Disbursal time	Instant
Rating	4.4
Repayment time	9-18 months

Pros 

• No collateral required 
• 100% digital process
• Quick personal loans 

Cons

• Inflexible repayment options
• Poor customer support 
• High interest rates

7. NIRA App (4.3)

NIRA is a digital loan app that provides instant personal loans for various financial requirements, including education expenses, medical emergencies and other personal needs. The app is designed for individuals who need quick access to cash and want to manage their finances better. The repayment duration on this app is 24 months. 

Information	Details
Loan amount range	₹5,000 - ₹1 lakhs
Interest rate	24% - 36% p.a.
Processing fee	2%-7% of the total loan amount + GST
Eligibility	An Indian citizen of 22-59 years of age
Disbursal time	Instant
Rating	4.3
Repayment time	24 months

Pros 

• Flexible EMI options
• Long repayment period
• 100% online process

Cons

• High processing fees 
• Interest rates are higher for low credit scores
• Late payment penalties

8. Prefr App (3.8)

Prefr is an instant loan app that combines innovative technology with a customer-centric approach to provide instant loans to individuals. With Prefr, users can apply for loans up to ₹3 lakhs, with flexible repayment tenures of up to 36 months. The app's paperless process, minimal documentation, and instant disbursal make it an attractive option for those seeking quick financial assistance.

Information	Details
Loan amount range	Up to ₹5,00,000
Interest rate	18% - 36% p.a.
Processing fee	3% - 5% of the total loan amount
Eligibility	An Indian citizen of 22-60 years of age
Disbursal time	Instant
Rating	3.8
Repayment time	6-36 months

Pros 

• Complete digital approach 
• Minimal documentation
• No collateral required

Cons

• Repayment penalties for late payments
• The high interest rate for new users

9. KreditBee App (4.6)

KreditBee is a popular loan app that offers instant personal loans to individuals with urgent financial needs. With a user-friendly interface and minimal documentation requirements, KreditBee provides quick access to cash for education expenses, medical emergencies, travel, and other personal needs. The app offers flexible loan amounts ranging from ₹1,000 to ₹10 lakhs, with repayment tenures of up to 36 months. 

Information	Details
Loan amount range	₹10 lakhs
Interest rate	17% - 29.95% p.a.
Processing fee	5% of the total loan amount
Eligibility	An Indian citizen with 21-60 years of age
Disbursal time	Instant
Rating	4.6
Repayment time	7-36 months

Pros 

• Low transaction fees
• Quick loans and easy EMI

Cons

• Poor customer support
• Not available in all cities 
• Strict repayment deadlines

10. PaySense App (2.9)

PaySense is a leading loan app that provides instant personal loans to individuals with urgent financial needs. With a simple and secure application process, PaySense offers loan amounts ranging from ₹5,000 to ₹5 lakhs, with flexible repayment tenures of up to 60 months. The app is designed to cater to the financial needs of salaried individuals, self-employed professionals, and students, offering competitive interest rates and transparent fees.

Information	Details
Loan amount range	₹5,000 - ₹5 lakhs
Interest rate	14%-36% p.a.
Processing fee	2.5% of the total loan amount
Eligibility	An Indian citizen with 21-60 years of age
Disbursal time	Instant
Repayment time	3-60 months
Rating	2.9

Pros 

• 2-minute documentation process
• Zero collaterals 
• Available in most of the cities in India

Cons

• Late payment charges
• High interest rates

Benefits of 500 CIBIL Score Loan Apps

500 CIBIL score loan apps offer quick financial help even with low credit scores. Many options, such as a 7-day loan app with a low CIBIL score, provide instant approval and short-term flexibility. 

• Easy Eligibility: Loan apps consider a CIBIL score of 500 as eligible for loans, making it easier for individuals with lower credit scores to access credit.
• Quick Disbursal: Loan apps provide instant or quick loan disbursal, helping individuals meet their urgent financial needs.
• Minimal Documentation: Loan apps require minimal documentation, making the loan application process faster and more convenient.
• Flexible Repayment Options: Loan apps offer flexible repayment options, allowing individuals to choose a repayment tenure that suits their financial situation.
• Low Interest Rates: Some loan apps offer competitive interest rates, making it more affordable for individuals to borrow money.
• Credit Score Improvement: Repaying loans taken from loan apps can help improve your CIBIL score over time, making it easier to access credit in the future.
• Accessibility: Loan apps are easily accessible on smartphones, allowing individuals to apply for loans anytime.

How to Improve Your CIBIL Score?

Here is how to improve your CIBIL score: 

• Ensure timely payment of credit card bills, loans, or overdue amounts to avoid negative marks.
• Maintain a credit utilisation ratio below 30% for all credit cards.
• Check your credit report regularly to ensure its error free.
• Establish a long credit history to demonstrate responsible credit behaviour.

Factors to Consider Before Choosing a Loan App

Here are the factors to consider before choosing a loan app: 

• Interest Rates and Fees: Compare interest rates between different loan apps to make sure you get the best deal. Check for processing fees, late payment fees, or other charges. 
• Eligibility Criteria and Documentation: Check the minimum CIBIL score required for loan approval. Ensure you meet the income requirements for loan eligibility. Verify the documentation required for loan approval, like ID proof, address proof, and income proof.
• Loan Amount and Tenure: Check the minimum and maximum loan amounts given by the app. Ensure the loan tenure options meet your repayment needs.
• Repayment Options and Flexibility: Check for flexible repayment options like EMI, bullet payments, or part payments. Verify if there are any prepayment charges or penalties.
• Security and Data Protection: Ensure the app uses robust data encryption to protect your personal and financial information. Look for security certifications, such as SSL or ISO 27001.
• Customer Support and Reviews: Check user reviews and ratings on app stores, social media, and review websites.

Documents Required for a 500 CIBIL Score Loan App in India

To apply for a loan with a 500 CIBIL score in India, applicants need basic KYC and income documents for verification. These ensure quick approval and secure loan processing. Below is the list of documents needed:

• Aadhaar Card
• PAN Card
• Address Proof (Utility bill or rent agreement)
• Income Proof (Salary slip or bank statement)
• A recent passport-sized photograph
• Employment or business proof (if applicable)

How to Apply for a 500 CIBIL Score Loan on These Apps

Here is how to apply for a 500 CIBIL score loan on these apps: 

• Create an account on the loan app by providing your name, email, and mobile number.
• Fill out the loan application form, providing the required documents and information. 
• Upload your required documents
• Review and submit your loan application.
• Wait for the loan app to review and approve your loan application. 
• Once approved, the loan amount will be disbursed to your bank account. Repay the loan according to the agreed repayment schedule and terms.

Explore Loan Options for Low or No CIBIL Score

• Urgent Loan for CIBIL Defaulters
• ₹50,000 Loan Without CIBIL Score
• ₹5,000 Loan Without CIBIL Score
• ₹30,000 Loan Without CIBIL Score
• Low CIBIL Score Loan Apps
• 550 CIBIL Score Loan App
• 700 CIBIL Score Loan App

List of Best Personal Loan App Posts:

Best Loan Apps in India
Instant Loan Apps in India	Best Instant Loan App Without Salary Slip
7 Days Loan Apps List	Best Loan Apps in India
Quick Loan Apps List	15 Days Loan Apps
30 Days Loan Apps List in India	Low CIBIL Score Loan Apps List
RBI Approved Loan Apps in India	Emergency Loan App List
Aadhaar Card Loan App List	NBFC Loan App List
Small Loan App Without Income Proof	Loan App Without PAN Card
Best Personal Loan App List	Small Loan App List
Fastest Instant Loan Apps	600 CIBIL Score Loan App
500 CIBIL Score Loan App	650 CIBIL Score Loan App

500 CIBIL Score Loan App Download in India 

Looking for easy loan access with a low credit score? Here’s how to download the 500 CIBIL score loan app in India for quick approvals and instant funds. Follow the steps below to download the app:

• Visit the Google Play Store or the Apple App Store
•  Search for a trusted app like Instacash loan app by NoBroker, Kreditbee, or CASHe
• Click install to download the app
• Register using your mobile number and verify your OTP
• Complete KYC and start your loan application instantly

Get Instant Loans with NoBroker InstaCash Loan App

Need quick funds despite a low credit score? NoBroker Instacash app offers an instant loan even with a 500 CIBIL score. The app provides fast approvals, minimal documentation, and flexible repayment options. Users can apply directly through the app, get eligibility checked instantly, and receive money in their bank account, making borrowing simple, safe and convenient. 

Frequently Asked Questions