CIBIL score is not good! Don't worry, take personal loan from home: Get Personal Loan For Low CIBIL Score
CIBIL score is not good! Don't worry, take personal loan from home: Get Personal Loan For Low CIBIL Score Get Personal Loan For Low CIBIL Score: In times of personal emergency, when there is a shortage of essential funds, a loan becomes an essential option. But nowadays banks and financial institutions demand a high CIBIL score, which makes it difficult for those with low scores to get a loan. In such a situation, there are some options through which you can get a loan despite a low CIBIL score.
Airtel mobile company provides instant loans to its consumers through Thanks app. By downloading this app, you can avail a loan of up to ₹9 lakhs depending on your eligibility. Click on the personal loan option in the app, choose the loan period and EMI as per your convenience. The loan amount will be transferred to your bank account within 24 hours.
Talk to a local bank
If you are not able to get a loan through online application, then you can apply for a loan by visiting your local bank branch. There the bank will try to give you a suitable loan based on your eligibility and documents. Even with a low score, the bank can give you a loan under special circumstances.
Take a loan from NBFC
Non-banking finance companies (NBFCs) also give loans. Although the interest rate on these is a little higher, but even those with low CIBIL score get loans. You can apply for a loan by visiting any NBFC's website or offline office.
Secured Personal Loan
If you need a large amount of money and you have any mortgageable property, then you can take a secured personal loan. In this, you can mortgage your property and get a loan on that basis. But keep in mind that in case of default, the bank can auction your mortgaged property.
In this way, you can get loans from various options despite a low CIBIL score. However, this may involve higher interest and risk. Therefore, it would be better to improve your CIBIL score as much as possible.