Need money, take a personal loan but have a low CIBIL score? This is the solution to your problem.
Get personal loan with low CIBIL score : Suddenly when the problem of financial situation arises, people visit banks or private sector providing various loans, but your CIBIL score should be good to get a loan. When the need to take a loan arises And when you get pushed in a bank or other sector, you find that the CIBIL score is very low and you cannot get a personal loan. Then the man becomes despondent and needs to borrow money from other persons. But in such a situation we are here with a solution that you will not need to borrow money from someone else. If your CIBIL score is very low and you need to take a personal loan, then the information provided in this article will be very useful for you. Know how to get personal loan even with low CIBIL score.
CBIEL score is between 500 to 600.
If your CIBIL score falls in the range of 500 to 600, you will have difficulty getting a loan. A CIBIL score of at least 700 is required to get a loan from any bank or private sector. If the CIBIL score is less than 700, it will be difficult to get a loan. Here is information on how to get a loan with a low CIBIL score.
ઓછા વ્યાજે લોન જોવે છે તો આવી જાવ આ બેન્ક માંથી મળશે ઓછા વ્યાજે લોન
| Union Bank of India | 8.90% | Credit score > 700, govt. employees | Minimal processing fees |
| Punjab National Bank (PNB) | 8.90% | High credit score | Processing fee waiver |
| Central Bank of India | 8.90% | Credit score > 700 | Transparent process |
| Indian Bank | 9.05% | Decent credit score | Competitive rates |
| Bank of Maharashtra | 9.45% | Moderate credit score | Flexible repayment options |
| Punjab & Sind Bank | 9.50% | Moderate credit score | Customer-centric approach |
| IDBI Bank | 9.50% | Moderate credit score | Efficient loan disbursement |
| State Bank of India (SBI) | 9.60% | Varied eligibility | Quick approval, low fees |
Low Interest Personal Loans Main Links
| Union Bank of India | Apply Now |
| Punjab National Bank (PNB) | Apply Now |
| Central Bank of India | Apply Now |
| Indian Bank | Apply Now |
| Bank of Maharashtra | Apply Now |
| Punjab & Sind Bank and IDBI Bank | Apply Now |
| State Bank of India (SBI) | Apply Now |
Your CIBIL score is the most important criterion while taking a personal loan. A minimum CBILL score of 700 is usually required for a secured loan. However, some NBFCs or financial institutions may consider applicants with low scores. Most banks refuse to give you a loan if your score is below 700.
Loan amount for scores below 700.
First time loan applicants bypass CBILL score check. However for subsequent loans the re-verification history of previous loans is checked. If your score is below 700, banks can still give you a loan after agreeing on full terms and conditions. Failure to repay previous loans on time significantly reduces your chances of securing future loans. Which makes it challenging to find willing financial institutions.
Securing a loan with a CIBIL score of 500 – 600.
Some NBFCs offer loans with a CIBIL score of 500 – 600, though generally loans can be obtained in an amount ranging from Rs.5 thousand to Rs.25 thousand.
Leading NBFCs like Credit B and Navi Loans offer contingent loan options to individuals with low CIBIL scores, Aadhaar and PAN card verification. However, these loans come with high interest rates. It serves as a viable option for urgent financial needs.
Key Links of PayMe India Loan App
| Muthoot Finance on zero CIBIL | Apply Now |
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