Top Instant Loan Apps That Approve Loans After Rejection
Reviewed by: Fibe Research Team
- Updated on: 27 May 2026
This article covers the top instant loan apps in India that approve personal loans even after a rejection from another lender – complete with Play Store ratings, user reviews and sourced data for each app. You will also find practical steps to improve your approval chances before applying again.
Getting a loan rejected can feel disappointing, but it does not mean your chances of getting credit are over. Sometimes, applications are declined because of factors like eligibility mismatch, credit score, income criteria, existing obligations or lender-specific policies. The good news is that India’s digital lending ecosystem now offers multiple instant loan apps designed to serve different borrower profiles, including those who may not qualify through traditional routes.
Keep reading to learn more about these apps.
QUICK STAT
According to TransUnion CIBIL data, a significant share of personal loan applicants in India have credit scores below 700, yet digital lenders now serve a growing portion of this segment by using alternative data models beyond the traditional bureau score.
Source: TransUnion CIBIL Annual Report
Table of Contents
Why Do Loan Apps Reject Applications?
Most people assume it’s always about the credit score. Sometimes it is, but not always.
Credit Score
A score below 650 is the most common trigger. Banks want 750 or more. Instant loan apps are generally more lenient, many work with 620 to 680, but they still use it as a starting filter.
Income and Employment Type
Salaried applicants get the easiest ride. Self-employed borrowers, freelancers and gig workers often face tighter checks. That said, newer apps are starting to look at cash-flow consistency rather than just an employer’s name on a payslip.
Existing Debt
Even with a decent score, a high debt-to-income ratio can trigger a rejection. If your existing EMIs are eating up 40–50% of your monthly income, most apps will hesitate before adding another obligation. This one surprises people and it’s often the invisible trigger behind a rejection that offers no clear reason.
KYC Mismatches
A name discrepancy between your PAN and Aadhaar. A bank account registered under a slightly different spelling. Digital apps run automated checks and a mismatch, however minors are flagged immediately. Fix these before applying anywhere.
The App’s Own Risk Model
Every platform has a proprietary scoring engine. One app might penalise a short employment history; another might not care at all. Same borrower, two different answers. That’s not a flaw; it’s actually useful information for you.
PRO TIP
Always request the rejection reason before re-applying. Under RBI guidelines, lenders are expected to communicate the basis for a rejection. Knowing the specific reason saves you from repeating the same mistake on the next application.
What Makes Some Apps Approve When Others Say No?
In practice, apps that tend to approve borderline borrowers share a few characteristics. They use alternative data like bank statement patterns, utility payments, mobile usage and spending behaviour rather than relying solely on a CIBIL score. A consistent track record of small payments can carry real weight here.
They also start small. Some apps deliberately approve modest amounts first – think ₹10,000 to ₹30,000 as a way to test repayment behaviour before unlocking higher limits. If you’ve been rejected for ₹1.5 lakh, applying for ₹50,000 on the same platform might get a different answer.
Top Instant Loan Apps That Approve Loans After Rejection
Here is a breakdown of the most accessible apps for borrowers who have faced rejection, with verified ratings and user review highlights for each:
| App | Loan Amount | Interest Rate (p.a.) | Play Store Rating | Min. CIBIL (Approx.) |
|---|---|---|---|---|
| Fibe | Up to ₹10 lakh | Starting 18% p.a. | 4.4★ | Not required |
| KreditBee | ₹1,000 – ₹5 lakh | 12% – 28.5% | 4.6★ | Not required |
| Freo (MoneyTap) | Up to ₹5 lakh (credit line) | ~13% onwards | 4.2★ | ~650 |
| Navi | Up to ₹20 lakh | 9.9% – 29% | 4.5★ | ~650 |
| StashFin | Up to ₹5 lakh | 11.99% onwards | 4.1★ | ~620 |
| PaySense | Up to ₹5 lakh | 16% – 36% | 4.3★ | ~600 |
| LazyPay | Up to ₹1 lakh | ~18% onwards | 4.2★ | ~600 |
DID YOU KNOW?
Play Store ratings sourced from KnowMoney’s 2026 loan app analysis and third-party review aggregators. Interest rates are starting figures – your actual rate depends on your credit profile and the lender’s assessment. Always review the Key Fact Statement (KFS) before accepting any offer.
Fibe
Fibe (formerly EarlySalary) targets salaried professionals and evaluates both bureau data and employment verification. Loan amounts go up to ₹10 lakh with interest starting at 18% per annum on a reducing balance basis. The application is fully digital and typically wraps up in under 10 minutes. The platform has served over 2.5 million customers and disbursed more than 7 million loans worth over ₹26,000 crore, establishing it as one of India’s more established digital lenders.
Play Store Rating: 4.4★ | NBFC Partner: Fibe (India) Private Limited (RBI registered)
User Review Highlights: Reviewers consistently mention fast disbursal – often within hours of application and a smooth, paperless KYC process. First-time borrowers note that Fibe approved their application when their bank had declined, citing Fibe’s alternative credit scoring model as the differentiator. A recurring theme across positive reviews is transparency in charges – no surprise deductions at disbursal. Some users flag that approvals for higher amounts (above ₹2 lakh) can take longer if bureau verification needs manual review.
KreditBee
KreditBee was designed for young professionals and first-time borrowers. Loan amounts start at just ₹1,000, making it practical for small urgent needs. The platform does not require a minimum CIBIL score and works with borrowers earning as little as ₹10,000 a month. It claims to disburse funds within 10 minutes of approval.
Play Store Rating: 4.6★ | NBFC Partner: Operates through RBI-registered NBFC partnerships
User Review Highlights: The highest-rated app in this list, KreditBee earns consistent praise for its approval speed and for working with thin-file applicants. Multiple reviewers explicitly mention getting approved despite a bank rejection. Users on lower incomes note that starting with a small loan and repaying on time unlocked significantly higher limits within 3–6 months. Negative reviews typically relate to higher interest rates for lower-score profiles which is expected and disclosed upfront.
Freo (Formerly MoneyTap)
MoneyTap has rebranded as Freo. Rather than a one-time loan, Freo gives you a revolving credit line. You draw what you need, repay it, and the limit refreshes. Because your total exposure at any given point is smaller, the eligibility bar is easier to clear. Interest starts from around 13% per annum on the drawn amount.
Play Store Rating: 4.2★ | Lender Partners: Multiple RBI-registered banks and NBFCs
User Review Highlights: Users appreciate the credit-line structure – paying interest only on what you draw, not on the full approved limit. This is frequently cited as a reason for lower overall borrowing costs compared to a standard personal loan. Some reviews note that the initial credit limit offered to new users can be modest (₹10,000–₹30,000) and scales up with positive repayment behaviour. A few users mention the transition from MoneyTap to Freo required redownloading the app.
Navi
Navi’s fully digital personal loan goes up to ₹20 lakh, with interest starting at 9.9% per annum, among the lowest in this comparison. Its underwriting leans heavily on income verification and bank statement patterns, which means applicants with consistent salary deposits but a lower bureau score sometimes do better here than with conventional lenders. Minimum monthly income requirement is ₹15,000.
Play Store Rating: 4.5★ | NBFC Partner: Navi Finserv Limited (RBI registered)
User Review Highlights: Reviewers frequently highlight Navi’s competitive interest rates and quick approval process. Users with salary accounts showing regular, consistent credits report better approval odds than their CIBIL score alone would suggest. The higher loan ceiling (up to ₹20 lakh) is a standout for borrowers who need more than ₹5 lakh. A handful of negative reviews mention that Navi’s automated assessment can be strict on income documentation – inconsistent bank deposits or cash salary earners may face challenges.
StashFin
StashFin provides credit lines and personal loans up to ₹5 lakh with interest starting from 11.99% per annum. Its NBFC is Akara Capital Advisors Pvt. Ltd., registered with the RBI. It is specifically known for accepting applicants with moderate credit scores – borrowers who fall between the ‘easy approval’ and ‘hard rejection’ bands of most other platforms. The platform operates across 30+ cities.
Play Store Rating: 4.1★ | NBFC Partner: Akara Capital Advisors Pvt. Ltd. (RBI registered)
User Review Highlights: StashFin reviews are notably positive from borrowers with CIBIL scores in the 620–680 range who faced rejections elsewhere. Users appreciate the revolving credit line structure and the relatively quick rate quote (within 5 minutes of applying). Some reviewers note that the interest rate offered at initial approval can be higher than the advertised minimum – the actual rate depends on your credit profile. Customer service responsiveness receives mixed feedback.
PaySense
PaySense gives significant weight to income and employment stability rather than bureau score alone. It accepts applicants with scores as low as 650 and even those with no credit history. Loan amounts go up to ₹5 lakh. The platform has over 5 million downloads and has been recognised among the top 100 fintech innovators globally by a KPMG report.
Play Store Rating: 4.3★ (3.16 lakh+ reviews) | Operated by: PaySense Pte. Ltd. in partnership with RBI-registered NBFCs
User Review Highlights: PaySense earns consistent praise for its customer support quality and transparent process — two areas where many fintech apps fall short. New-to-credit borrowers specifically call out PaySense as one of the few apps that took their income into account when CIBIL showed no history. A commonly cited drawback is that processing fees (up to 3.5% of the principal) add meaningfully to the total borrowing cost on smaller loans.
LazyPay
LazyPay, operated by PayU Finance (India) Private Limited, offers small personal loans up to ₹1 lakh and a buy-now-pay-later product. For smaller, urgent amounts, LazyPay keeps its eligibility model simple — it weighs payment behaviour within its own ecosystem, which can work in your favour if you’ve used its BNPL feature and paid on time.
Play Store Rating: 4.2★ | Operated by: PayU Finance (India) Private Limited (RBI registered)
User Review Highlights: Users appreciate LazyPay’s simplicity – the application takes minutes and there’s no lengthy documentation for smaller loan amounts. Existing LazyPay BNPL users with a clean repayment record report higher approval rate for personal loan products. Reviewers note the loan ceiling (₹1 lakh) is a genuine limitation for those needing more. Interest rates are less prominently communicated upfront, which some users flag – always check the KFS before proceeding.
WATCH OUT
Before applying to any loan app, verify it operates through a legitimate NBFC or bank partner registered with the RBI. As of July 2025, the RBI has operationalised a Digital Lending Apps (DLA) Directory on its website – the fastest way to verify any app. In March 2026 alone, the RBI directed the removal of 47 fraudulent lending apps from the Play Store.
How to Improve Your Approval Chances Before Re-Applying
Check Your Credit Report First
Pull your free CIBIL or Experian credit report before doing anything else. Errors are more common than people realise – a late payment marked incorrectly, an old account that wasn’t closed properly, a loan showing as open that you never took. Disputes take a few weeks but can move your score meaningfully.
Apply for a Smaller Amount
Rejected for ₹2 lakh? Apply for ₹50,000. Lower amounts reduce the lender’s risk exposure and improve your approval odds. Once you’ve repaid successfully, you can request a limit increase.
One Application at a Time
Hard enquiries, the checks lenders run when you apply, chip away at your score. 5 applications in a week can drop your score by 10–20 points and signal financial stress to every lender who sees your bureau report. Be deliberate. Apply to one or two at a time.
Build a Short Repayment Track Record
A credit card with a ₹10,000 limit, used and repaid consistently for 3–6 months, does more for your score than most other tactics. Automated lending models respond to recent positive behaviour more than old history.
Check Your KYC Details
Your name on your PAN, on your bank account and in your application – all 3 need to match. One discrepancy is enough for an automated decline, even if your financials are solid.
DID YOU KNOW?
Some apps allow a co-applicant. Adding someone with a higher credit score reduces the lender’s perceived risk and can push a borderline application over the approval threshold.
Real Borrower Scenario
Rahul, 27, earns ₹35,000 a month as a junior developer. He applied to a nationalised bank for ₹1.5 lakh – rejected, CIBIL score 638. Rather than applying to three more places and racking up hard enquiries, he checked his credit report first. Found an incorrectly marked late payment from 2022. Raised a dispute. Three weeks later, it was corrected and his score moved to 654.
He then applied to Fibe for ₹75,000 – a smaller ask and was approved within 24 hours. Six months of on-time repayments later, his score crossed 700. When he applied for a larger loan, the interest rate was noticeably better.
Conclusion
Need a personal loan for travel, home repairs, medical costs or other expenses? Fibe offers instant personal loans up to ₹10 lakh for salaried individuals with a quick digital application, alternative credit scoring and flexible repayment options. Check your eligibility on the Fibe app today.
FAQs On Instant Loan Apps After Rejection
1. Can I get a loan right after being rejected by a bank?
Yes, but take a few days first. Figure out why the bank said no – a rejection itself does not lower your credit score. It’s the next string of applications that might. Resolving the underlying issue first gives you a better shot on the next attempt.
2. What CIBIL score do instant loan apps usually require?
Most prefer a score of 650 or above. KreditBee and Fibe do not require a minimum CIBIL score and use alternative data signals. PaySense accepts scores from around 600 or applicants with no credit history at all.
3. Does applying to multiple loan apps affect my credit score?
It does. Each hard enquiry removes a few points. Multiple applications in a short window signals financial stress to lenders and reduces your score further. Apply to one or two platforms at a time.
4. Are these instant loan apps regulated by the RBI?
Legitimate apps operate through NBFC or bank partners registered with the RBI. Always verify the lending partner before uploading personal documents. As of July 2025, the RBI has operationalised a Digital Lending Apps (DLA) Directory on its website where you can verify any app.
5. I was rejected because of low income – what can I do?
Look for apps with a lower minimum income threshold — KreditBee works with borrowers earning ₹10,000 per month, and Fibe and Navi accept ₹15,000 per month. Also apply for a smaller loan amount; lenders assess how the EMI fits your monthly income, so a smaller ask makes a meaningful difference.
6. How long should I wait before re-applying after a rejection?
Generally 30–90 days. If the issue was a documentation mismatch, fix it and reapply sooner. If it was a score issue, spend 3–6 months building positive repayment history first.
7. Can self-employed applicants get instant loans from these apps?
Yes. Navi and StashFin both accept self-employed applicants. You will typically need 6–12 months of bank statements showing consistent income flow as proof of earnings.
8. What documents do I need when reapplying for an instant loan?
Most apps require a PAN card, Aadhaar card, a selfie for KYC and 3–6 months of bank statements. Salaried applicants may also need a salary slip or Form 16. Ensuring all details are consistent across documents reduces the chance of a repeat rejection.
