600 CIBIL Score Loan Apps 2024: Hello friends, when you go to take a loan from a bank or any reputed financial institution, the lender first checks your financial profile like credit/CIBIL score, income, employment status, and much more – after that they consider giving loan approval.
While checking loan eligibility, if your CIBIL score is 600 or around 600 then most of the banks or loan companies reject the loan application.
This is because most lenders consider a 600 CIBIL score to be poor. The lender may feel that you have defaulted in the past and have not been able to pay EMIs on time. Hence you may be considered as a high-risk applicant by those reputed banks or institutions.
But now you will get a personal loan even on a 600 CIBIL score. Because there are many loan apps in the market that provide loans even for a CIBIL score of 600 or less. Apart from this, these apps are also registered with RBI. You will find the list of those 600 CIBIL score loan apps here. Let us see which are those apps.
Table of Contents
Overview of the 600 CIBIL Score Loan Apps 2024
Loan apps with 600 CIBIL scores provide loans with the following features, see in the table below:
| Loan Amount | Up to 1.5 lakh rupees |
|---|---|
| Interest rate | Up to 36% (P.A.) |
| Loan Tenure | 3 to 24 Months |
| Application process | Online |
| Collateral | No Collateral required |
| Loan Purpose | Personal Use |
| Loan security | Loan apps are RBI-approved |
What is 600 CIBIL score loan app means
In short, 600 CIBIL score loan apps mean loan apps that easily provide loans to individuals with a 600 CIBIL score or thereabouts. CIBIL Score is used to evaluate the creditworthiness of a person based on his credit history.
A CIBIL score of 600 is considered to be in the mid-range, and individuals with this score may face some challenges in obtaining loans from traditional financial institutions or banks.
However, 600 CIBIL score loan apps are ready to give loans to individuals with a CIBIL score of 600 or even lower scores.
30 Best Bina CIBIL Score Ke Loan App 2024
Benefits of taking a Loan with a 600 CIBIL score Loan Apps 2024
There are many benefits of taking a loan from the 600 CIBIL Score Loan App for individuals with a credit score of 600 or less, here are some of the possible benefits:
- Borrowers with low CIBIL scores can also avail of financial assistance.
- These loan apps approve and disburse funds instantly.
- These loans can generally be used for a variety of personal purposes.
- No collateral or guarantor is required to take a loan from these apps.
- The loan application process from these apps is 100% online.
- With these apps, you can apply for loan from the comfort of your home.
- These loan apps are RBI-approved and 100% safe & secure.
How to apply for a Loan with a 600 CIBIL score Loan Apps 2024
- First of all download and install the loan app from Google Play Store.
- Now create your account with your mobile number, email, and OTP.
- Next, enter your Aadhaar and PAN number and check eligibility.
- Now fill in your name, address, employment, income, and other information in the application form and proceed.
- Now you will get the credit limit, choose the required amount, and EMI option.
- In the next step, to get the amount fill in your bank details and submit the online form.
Now wait for 5 to 10 minutes for loan approval and get the loan amount in your bank account. The exact time for loan approval may be different for all 600 credit score loan apps. However, there is a possibility of getting a loan quickly (5 to 10 minutes) through these apps. that it is done.
Watch this video to learn how to take loan with 600 CIBIL score:
List of the 600 CIBIL score apps 2024
Here is the top 10 list of India’s best 600 CIBIL score loan apps. You can easily take a 600 credit score loan from these apps.
| Sr No | Loan Apps | Loan Amount |
|---|---|---|
| 1 | Finnable | Up to Rs. 500000 |
| 2 | Money View | Rs. 10,000 up to Rs.5 Lakh |
| 3 | KreditBee | Rs. 1,000 to Rs 40,000 |
| 4 | NIRA | Rs 5,000 to Rs 1,00,000 |
| 5 | Early Salary | Rs. 8,000 – Rs. 5 lacs |
| 6 | PaySense | Rs. 5,000 to Rs. 5 lakh |
| 7 | LazyPay | Rs 10,000 to Rs 1 lakh |
| 8 | mPokket | Rs. 500 up to Rs. 30,000 |
| 9 | Buddy Loan | Rs. 10,000 to Rs. 15 Lakhs |
| 10 | CASHe | Rs 1,000 to Rs 4,00,000 |
| 11 | SmartCoin | Rs. 4000 to Rs. 1 Lakh |
FAQS –
Can I get loan if my CIBIL score is 600?
Can I get a personal loan with a score of 600? Yes, many online lenders offer loans with a 600 CIBIL score or slightly lower, considering that this score is fair for loan approval, but the chance is that there may be higher interest rates and stricter terms.
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.
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.
Conclusion: 600 CIBIL Score Loan Apps
Hopefully, through this blog post, you will have information about the best low CIBIL loan apps that provide loans with a 600 CIBIL score. If your CIBIL has also become bad or it has reduced significantly to 600 due to which you are not able to get loans from banks or finance companies, then you can check one of these loan apps.
Disclaimer: Before availing of a loan from these applications, do thorough research on the terms, interest rates, charges, and privacy transparency to minimize potential regrets and risks.
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Good luck 🙂
Manakmau
Good luck 🙂
I urgent lon
If you need a loan urgently, that too with a bad or no CIBIL score, then the loan apps shared in this list are the best options that can help you.