12 Best 550 CIBIL Score Loan Apps in India: Easy Loan Approvals for Low Credit in 2025

A 550 CIBIL score loan app is the best option for people who need a quick loan, even with a low credit score. The 12 best 550 CIBIL score loan apps in India offer easy approval, simple paperwork, and fast money transfers. These low-score loan apps are great for handling emergencies, paying bills, or improving your credit score. Popular apps like NoBroker, InstaCash, PaySense, Kreditbee, Moneyview, and Home Credit make borrowing simple, safe and fast, helping you to get the funds you need without any stress.

List of 12 Best 550 CIBIL Score Loan Apps in India 2025

Looking for instant loans with a low credit score? Check out the 12 best 550 CIBIL score loan app download options in India 2025 for quick, easy and secure approvals. 

Name of Loan Apps	Ratings
NoBroker Instacash	4.8/5 ⭐
Moneyview	4.8/5 ⭐
Early Salary	4.5/5 ⭐
Kreditbee	4.5/5 ⭐
Home Credit	4.5/5 ⭐
mPokket	4.4/5 ⭐
CASHe	4.4/5 ⭐
Navi	4.3/5 ⭐
NIRA	4.2/5 ⭐
Dhani	3.3/5 ⭐
LoanTap	3.2/5 ⭐
Paysense	3/5 ⭐

12 Best 550 CIBIL Score Loan Apps in India- Detailed Guide

A CIBIL score of 550 is considered low for most banks, making it difficult to get a loan. But don't worry many lending companies understand the situation and are willing to give a loan. The apps below are some of the best ones based on user feedback.

1. NoBroker Instacash - 4.8/5⭐

NoBroker Instacash is a quick loan service app that offers financial solutions for emergency needs. It offers fast loans with minimal documentation, an easy online process, and flexible repayment options, even if your credit score is low, like 550. It is a convenient option for people who need a loan urgently. [1]

Loan amount range	Up to 10 lakhs
Interest rate	12.99% p.a
Processing free	2-8% of the total loan amount
Rating	4.8/5
Benefits	Instant approval, competitive interest rate, minimal documents

Pros: 

• Instant loan approval
• Funds are credited to the account within 45 seconds
• Flexible repayment: Range is 3 months to 5 years depending on your budget

2. Moneyview - 4.8/5⭐

It provides personal loans for 550 CIBIL scores to users with instant loan approval and minimal documentation requirements. It allows users to track their credit scores and improve them. With a flexible loan tenure of 3 to 60 months, it's a convenient solution for those who need quick financial assistance. [2]

Loan amount range	Up to 10 lakhs
Interest rate	14% p.a
Processing fee	2% of the total loan amount
Rating	4.8/5
Benefits	Quick online process, minimal documentation

Pros:

• Instant loan approval & disbursal
• Flexible repayment tenure
• 100% digital process

Cons: 

• High interest rate
• Late payment penalty
• Strict eligibility criteria

3. Early Salary - 4.5/5⭐

It is one of the popular loan apps that provides personal loans for CIBIL scores of 550 to salaried people. Get a loan approval of up to Rs 5 lakh with instant disbursal in just 10 minutes. The app offers a 100% digital application process with instant loan approvals, making it a suitable choice for people seeking easy credit access. [3]

Loan amount range	Up to 5 lakhs
Interest rate	10% p.a
Processing fee	2-5% of the total loan amount
Rating	4.5/5
Benefits	Instant loan, money in bank within 10 minutes

Pros: 

• Flexible EMI options
• No Collateral
• Quick loan approval

Cons:

• High interest rate compared to other app
• Strict eligibility criteria
• Poor customer service

4. Kreditbee - 4.5/5⭐

Kreditbee is a reliable digital platform that provides instant credit even with a low CIBIL score. If you are looking for a home loan, then Kreditbee also offers home loans for a CIBIL score of 550. You can easily apply for loans ranging from ₹1000 to ₹5,00,000 through a seamless online process with flexible repayment options. [4]

Loan amount range	Up to 5 lakhs
Interest rate	17-29.95% p.a
Processing fee	Up to 6.5% of the total loan amount
Rating	4.5/5
Benefits	Instant loan, All Indian citizens from the age of 21 to 60

Pros:

• Easy repayment options
• 10 minutes disbursal
• Hassle-free documentation

Cons: 

• High interest rate compared to other apps
• Hidden charges
• Short loan tenure has debt chances

5. Home Credit - 4.5/5⭐

Home Credit is a digital lending platform offering personal loans, business loans, and other financial services. Whether you are a salaried employee or a self-employed person, Home Credit provides instant loan approval and offers loans up to 5 lakh. It will definitely give a loan with a CIBIL score of 550, unlike some traditional banks that are sceptical about lending money. [5]

Loan amount range	Up to 4.8 lakhs to existing users and up to 2 lakhs for new users
Interest rate	Up to 12.50% p.a
Processing fee	Up to 2% of the loan amount
Rating	4.4/5
Benefits	Instant loan approval, flexible payment option

Pros:

• Lower monthly repayment compared to other apps
• Disbursal within hours
• 100% online process

Cons: 

• High interest rate
• Repayment penalty
• Lower loan amount

6. mPokket - 4.4/5⭐

If you are a student or a young professional looking for a digital lending platform, mPokket is the perfect place for you. It offers flexible repayment options, quick disbursement, and is perfect for short-term financial needs. It provides fast, convenient access to funds for education or unexpected expenses. [6]

Loan amount range	₹500 to ₹ 50,000
Interest rate	14% p.a
Processing fee	₹15 to 200 + 18% GST of the total loan amount
Rating	4.4/5
Benefits	Fast approval

Pros:

• Quick application process
• Instant fund in the account
• No Collateral

Cons: 

• High interest rate
• Strict eligibility criteria
• Penalty for late repayments

7. CASHe - 4.4/5⭐

It is a good digital lending platform that offers instant loans with minimal paperwork. It is beneficial for both salaried and self-employed users because of its pocket-friendly EMI options. With the Kreditbee EMI calculator, users can calculate and estimate their monthly instalment and choose a flexible tenure, making borrowing easier. [7]

Loan amount range	50,000 to 3,00,000
Interest rate	Up to 36%
Processing fee	2.5% of the total loan amount
Rating	4.4/5
Benefits	Instant loan approval with 100% digital process

Pros:

• No Collateral required
• Fast funding
• Flexible repayment

Cons: 

• Penalties for late repayment
• High interest rate compared to other apps
• Limited loan amount

8. Navi - 4.3/5⭐

Navi is a digital lending app that provides loans to individuals with low credit scores. It is a simple online process with instant money transfers to your bank account. Users can borrow up to 20 lakh, with zero processing fee. The app is designed to fulfill all the financial requirements of the borrower. [8]

Loan amount range	Up to 20 lakhs
Interest rate	Up to 26% p.a
Processing fee	NIL
Rating	4.3/5
Benefits	Quick approval, 100% paperless process

Pros:

• Repayment period up to 85 months
• Zero processing fee
• Minimal documentation

Cons: 

• High interest rate
• Not good customer service
• Strict eligibility criteria

9. NIRA - 4.2/5⭐

It is one of the trusted platforms that offers a range of benefits, including an easy application process, flexible repayment terms, competitive interest rates, and no collateral. This mobile app is secure and is designed to offer financial solutions even with a low CIBIL score of 550, making it a reliable option for quick loan approvals. [9]

Loan amount range	₹5000 to ₹ 1,00,000
Interest rate	Up to 36% p.a
Processing fee	₹350+ 18% GST or 2-7% of the total loan amount
Rating	4.2/5
Benefits	Fast loan approval, user-friendly

Pros:

• Instant loan approval & disbursal
• Flexible repayment options
• Suitable for low credit score like 550

Cons: 

• High interest rate
• Hidden fee
• Limited loan amount

10. Dhani - 3.3/5⭐

  Formerly known as Indiabulls Consumers Finance Limited, Dhani is a digital lending platform that offers personal and business loans of up to ₹ 5 lakh. With a competitive interest rate, it is suitable for medical emergencies and personal loans, even for those with a lower CIBIL score. It is a seamless process and a good option for instant financial help. [10]

Loan amount range	Up to 15 Lakhs
Interest rate	13.99% p.a
Processing fee	3% of the total loan amount
Rating	3.3/5
Benefits	Flexible EMI options, user-friendly

Pros:

• Healthcare benefits through subscription
• Instant fund in account
• Increase your credit score with the Dhani One Freedom Card

Cons: 

• High interest rate
• Hidden charges
• Issues with the customer service

11. LoanTap - 3.2/5⭐

LoanTap offers a range of benefits, including easy repayment options, quick loan approvals, EMI-free options, and a transparent lending process and experience. It also provides up to 10 lakh personal loans, business loans, holiday loans, and emergency loans to people. It is a convenient option for people with low CIBIL scores, like 550. [11]

Loan amount range	Up to 10 lakhs
Interest rate	15-30% p.a
Processing fee	2% of the loan amount
Rating	3.2/5
Benefits	Instant loan approval, quick application process

Pros:

• Flexible repayment options
• User friendly
• Secure and transparent process

Cons: 

• High interest rate
• Hidden fees
• Strict eligibility criteria

12. Paysense - 3/5⭐

The Paysense app is a reliable digital lending platform that offers quick personal loans even to people with a 550 CIBIL score. With flexible repayment options and paperless documentation, it is ideal for people looking for instant loans. It partners with various RBI-recognised banks and NBFCs, ensuring a secure and reliable borrowing experience. [12]

Loan amount range	Up to 5 Lakhs
Interest rate	Up to 27.6% p.a
Processing fee	2.5% of the total loan amount
Rating	3/5
Benefits	Flexible EMI options, easy loan approvals

Pros:

• User-friendly with quick loan approvals
• Zero Collateral
• Offer loans to both salaried & self-employed people

Cons: 

• High interest rate
• Late payment penalties
• A minimum monthly income of ₹18,000 is required for loan approval

Eligibility Criteria for a 550 CIBIL Score Loan App

To get a loan from a 550 CIBIL loan app, you must meet some basic eligibility rules. These apps make borrowing simple, even with a low credit score. Below are a few eligibility criteria to keep an eye on:

• Applicants must be Indian citizens aged 21 to 58.
• Must have a stable income from a job or self-employment
• Should hold a valid Aadhaar card, PAN card and bank account
• Minimum monthly income should be around ₹15,000 to ₹20,000
• Basic financial history required, even with a low 550 CIBIL  loan application

Documents Required for 550 CIBIL Score Loan App

To apply for a loan app with a low CIBIL score, you need to submit basic documents for verification. These help confirm your identity, income, and eligibility for quick approval. Below are the required documents to keep in hand:

• Aadhaar card or Voter ID for identity verification.
• PAN card for financial and tax verification.
• A recent passport-sized photograph for profile verification.
• Bank statement or salary slip for income proof
• Address proof, like an electricity bill or a rental agreement, for residence confirmation

With a CIBIL Score of 550, can I get a loan?

A CIBIL score of 550 is not ideal, but even with this score, you can get a loan in India through various money-lending apps. You can get a loan for medical purposes, making important purchases, or emergencies. Before lending money, the above platform will check your income, repayment capacity, and other essential factors before providing a suitable loan option. If you are worried you might not qualify for a loan with a 550 CIBIL score, don't worry. The app above will guide you through the entire process and help you choose the best option.

How to Apply for a 550 CIBIL Score Loan App: Detailed info

The above loan apps and some (NBFC) Non-Banking Financial Companies give loans to individuals with 550 CIBIL scores but high interest rates. Let's see the step-by-step process to apply for a loan in these apps:

Process of Application

• Step1: First, Download the desired loan application from the Google Play Store or Apple App Store
• Step 2: Registration: Sign up using a valid email ID, mobile number and newly created password
• Step 3: Complete the application process by providing your personal, professional, and financial details.
• Step 4: Documentation: Upload all the required documents and bank details
• Step 5: Verification of CIBIL Score: The app you choose will check the CIBIL score before giving a loan. The verification OPT will be sent to confirm it.
• Step 6: Loan offer: You will receive a loan offer with terms and conditions, interest rate and tenure of repayment
• Step 7: Accept & Disburse: Check the loan offer and accept it; once it’s done, the amount will be disbursed to your bank account

Factors to Consider Before Choosing a Loan App in India

As there are various loan apps in India, it is much easier to apply for a loan with a CIBIL Score of 550. However, not all mobile loan apps are safe and trustworthy, so check the key factors like interest rate, hidden charges, repayment tenure, eligibility criteria, customer support and more before choosing. Below are a few factors to check before applying for a loan:

• RBI Registration & Rating
  • Always check whether the bank is registered with the RBI or partnered with NBFCs or banks.
  • Always opt for the well-rated app from the app store as it is user-approved.
• Eligibility Criteria
  • Check the age limitation before applying.
  • Check what the income requirements and availability are for employed or self-employed people.
  • Check the minimum credit score and see whether you qualify for the loan.
• Loan Terms and Conditions
  • Check the minimum & maximum loan amounts each app provides and compare them with other apps.
  • Check the interest rate amount and compare it with another app to avoid high interest
  • Check repayment options like EMI, repayment without penalty & auto-debit facilities.
  • Read the terms and avoid any hidden charges from the loan apps.
• Processing Time & Disbursal of Funds
  • Check the application process and how quickly they are approved
  • Check the disbursal time, as many apps disburse funds within 24-48 hours of application approval.
• Customer support availability
  • Always check and download an app that has good customer service support. Check for email, phone or chat support for a hassle-free process.
  • Check their response time and how quickly they can resolve the issue.

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
• 700 CIBIL Score Loan App

Tips to Get Loan Approval with Low CIBIL Score

Getting a loan with a low CIBIL score is possible with the right steps. Follow these simple tips to improve your chances of quick loan approval.

• Maintain a steady income and show regular bank transactions to build trust with lenders.
• Apply through trusted loan apps that offer flexible options for low credit scores.
• Repay existing loan or credit card dues on time to improve your CIBIL score gradually.
• Avoid applying for multiple loans at once, as it can further lower your credit score.
• Choose a smaller loan amount initially to increase your approval chances and build a positive repayment history.

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

Get Instant Loan Approval

Getting a loan with a 550 CIBIL score can be a task, but it's not impossible. Many loan apps offer a personal loan for a low CIBIL score. Every individual with a required age limit can get a loan whether salaried, employed, or self-employed. For some apps, the interest rate might be high, but the timely repayment option can improve the creditworthiness. Compare the different loan apps and choose the one that matches your criteria and is best for you. So what are you waiting for? Download the desired app and fulfil your financial need with a 550 CIBIL score.

How Can NoBroker Help?

NoBroker helps users find a trusted loan app for low CIBIL scores with expert guidance and quick approvals. Their team connects you with verified lenders, assists with documentation, and ensures a smooth loan processing experience. With NoBroker’s support, even users with low credit scores can get easy, safe and reliable financial solutions. 

Frequently Asked Questions