If CIBIL score is bad then get a personal loan like this, it is considered good for a loan of more than 750

If CIBIL score is bad then get a personal loan like this, it is considered good for a loan of more than 750

Many people are facing financial crises due to the Corona pandemic. In such a situation, many people are taking a personal loan to deal with it. If you are also among them but CIBIL is bad then there is no need to worry. We are telling you the ways by which you can take a personal loan from the bank despite the bad CIBIL score. However, it is wise to improve the credit score. With this, you will be able to get a loan according to your terms in future.

Present income details to the bank

Banks also consider other factors such as your current salary along with your CIBIL score in granting the loan. For information, tell us that if your CIBIL is bad?, then in such a situation, you should also provide a bank statement along with proof of increase in your current salary and annual bonus or other sources of additional income. This proves that you are financially capable of repaying the loan on time. Considering this the bank will give you the loan.

Apply for less amount

Due to bad CIBIL, any lending institution may consider you a risky customer. That is why it is important that your loan amount is low. To build a good CIBIL score, you can opt for a lower amount and repay it regularly. This will correct your CIBIL.

Take a personal loan against FD

If you want to take a personal loan, then bank or post office FD can also prove to be helpful in this. You can take a loan through Fixed Deposit in the quickest and easiest way. Generally, its interest rates are one or two per cent higher than the deposit rates of fixed deposits.

Better to turn to NBFCs

In case of bad CIBIL, it may be difficult to get a loan from the bank. At the same time, there will be more chances of getting loans from NBFCs. However, let us tell you that the interest rate on the loan taken from here will be high.

See also read

There are loan applications that are giving loans during their current list.

1.LazyPay Personal Loan Credit Line Click Here

2.SimplyCash Personal Loan-Click Here 

3.Mpokket Personal Loan- Click Here

4.KreditBee Personal Loan - Click Here

5.Navi Personal Loan- Click Here

6.RapidRupee Personal Loan- Click Here

7.Tala Personal Loan App- Click Here

8.FairMoney Personal Loan App- Click Here

9.Stashfin Personal Loan App - Click Here 

10.Branch Instant Personal Loan - Click Here 

11.Dhani Personal Credit Line - Click Here 

12.My Money - IIFL Finance- Click Here

13.Kissht Personal Loan App - Click Here 

14.Rufilo Personal Loan App - Click Here

15.Kreditzy Personal Loan App - Click Here

16.Florence Capital Personal Loan App - Click Here

17.Finzy Personal Loan App - Click Here.

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