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Top 6 Bad Cibil Loan App List – Creditwalle

Whenever you apply for a personal loan, it is essential to have ideas of eligibility criteria, especially when you need the cash for some necessary purposes. Since there are various loan Apps and websites where you can apply for the loan. But, when your CIBIL score is low you can search for some bad CIBIL loan app list where you apply for the loan. There are various lenders which consider even the low CIBIL also, especially when your income is sufficient. There is a list of loan apps where you can Apply for a Personal loan.  So, let’s understand the loan application process, eligibility criteria and features of these apps, and these are as follows. 

KreditBee

It’s a registered lending platform which disburses an emergency loan of up to 5 Lakh, and it is an App-based lending company where you can easily apply for a personal loan. 

If your income is sufficient, it can be considered for a low CIBIL score. However, the lender’s decision will be the final decision. 

Loan Amount: From 1000 to 5 lakhs 

Documents: PAN, Aadhar, Salary Slip, Bank Statement

Tenure: Upto 12 months. It can differ as per the lender’s policy.

CASHe

It provides personal loans of up to 3,00,000 with flexible tenure and affordable interest where you can apply for the loan for multiple purposes. It can approve your emergency loan amount shortly if you are eligible as per your income and credit score. 

Loan amount: Up to 3,00,000

Loan Types: Personal loan

Documents required: PAN, Aadhar, Salary Slip, Bank Statement

EarlySalary

Just as its name, you can get an emergency loan through Earlysalry where you will be able to manage the cash as your early salary. It’s an app-based lending company where the application process is easy and approval is also done shortly. 

  • Loan Types: Short-term personal loan
  • Loan Amount: Up to 5 Lakhs
  • Documents required: PAN, Aadhar, Salary Slip, Bank Statement
  •  Tenure: from 3 months to 36 months 

NIRA

It provides an emergency loan of up to 1 lakh in a few minutes where you can apply based on your CIBIL score and income. If your income is higher and you are willing to apply for a lower amount, then approval chances are higher while getting a personal loan. 

Loan amount: Up to 1 lakh

Tenure: Up to 12 months  

Loan type: Personal loan

CIBIL score: 750

LazyPay

It promotes a buy now pay later scheme where you can apply for an emergency loan for your multiple household needs. It’s an App-based loan service which is also approved with a lower CIBIL score. 

You can use this loan app especially when you want to go shopping and have to manage cash shortly. 

Loan Amount: Up to 5 lakhs

Tenure: up to 12 months. However, it can exceed the loan amount

Specific Features: Instant approval, flexible tenure and easy repayment

Documents Required: PAN and Addhar card 

Faircent

It’s a multi-functional App where getting an instant personal loan is easy with simple steps. It is available always so that you can go for the loan application. However, it has certain terms and conditions and eligibility criteria. But you can apply for an instant personal loan easily. 

Loan Types: Instant Personal loan

Loan Amount: Based on your eligibility i.e., income and credit score 

Tenure: Flexible as per the customer’s choice

CIBIL score: 750

Documents Required: PAN, Aadhar card, Salary slip, Bank Statement.  

How to Apply for Emergency Loan through the Loan App

To apply for an emergency loan App you must follow the steps such as installing the app, filling your details, uploading documents and registering your mobile number through OTP.

So there are different steps you must follow while applying for an emergency loan. 

  • Install the loan App from where you are willing to borrow 
  • Register your mobile number through OTP 
  • Upload your documents 
  • Get the approval for the maximum loan amount 
  • Apply for the desired loan amount 
  • Get the approval and disbursal
  • Use your amount and repay the loan as per the tenure

Eligibility Criteria for the Personal loan

You must check your eligibility before applying for the personal loan and the eligibility for the emergency loan depends on these factors which are 

  • Age: You must be above 18 years and up  to 65 years  
  • Financial Status: the minimum income must be 30,000 per month. However, it can vary on lenders 
  • Documents: the documents required are Aadhar, PAN, Salary slip, bank statement, ITR, utility bills, etc. 
  • CIBIL score: 750  
  • Nationality: Indian

Features and Benefits for the Loan Through App 

It has multiple beneficial features especially while getting and Emergency Loan through the app and these are

  • Instant Approval; If your documents are complete and you are eligible, your loan amount is approved instantly. 
  • Easy Repayment: The repayment is easy with the flexible tenure option
  • No collateral required: The are no requirements for collateral while applying for the loan 
  • Competitive Interest: You can borrow with competitive interests. 

Conclusion 

Getting an instant loan becomes easier when you apply through the app because there is no lengthy approval process. You can apply for an emergency loan with certain documents i.e., Aadhar and PAN card. You can apply for a loan easily which it has enormous features and benefits. So, if you are willing to apply for the loan through the App, download the loan app, register your mobile number, upload the documents and finally, get the approval and disbursal. 

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