Get a Personal Loan with a Low Credit Score

The credit score is a three-digit figure that varies from 300 to 900 and represents a person’s ability to repay a debt.

What is Credit Score?

If your credit score is low, you will be required to present proof of additional income to the lender.

Show Extra Income

Assume you have no additional income and want a larger loan amount, which you are unable to obtain owing to a bad credit score.

Apply Loan with Co-applicant

Most NBFCs and digitally-enabled lenders provide personal loans to those with bad credit, but at higher rates than banks and larger NBFCs.

Apply Loan From NBFC

Avoid missing EMI payments and pay off your debts on schedule. If you skip an EMI payment, you will be charged a penalty and your CIBIL score will drop

How to Improve Credit Score

Verify your CIBIL report on a regular basis and fix any errors you see.

How to Improve Credit Score

Read The Full Article

Arrow