I want to apply loan as a got a personal bank. But my CIBIL score is not that much good. how to get loan with low cibil score? What are the ways for me to get the loan instant in quickly yet with the low CIBIL score?
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Roshan
CIBIL score is an indication of one’s credit worthiness who applied for loan. CIBIL is the Credit Information Bureau (India) limited. It is an credit agency authorized by Reserve bank of India to calculate credit score of an individual. Your credit score depends on your repayment record on your existing debts. CIBIL score of 750 or more is considered as high CIBIL score and makes you ideal candidate for any type of loan. A personal loan for a CIBIL score of 550 or less may lead to rejection or considered as a “high -risk” borrower depending on lender’s policy.
Personal loan for CIBIL score of 550 is quite challenging. To get a personal loan when you have a bas CIBIL score some measures should be followed ,they are:
There is a way to get personal loan with out a CIBIL score. For that consider the following points:
These are some ways to get personal loan with low CIBIL score. Hope this information may help you . Wish you good luck.
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How can I check my CIBIL score?