Urgent Loan 50000: Low CIBIL score personal loan, Check Eligibility, Documents Required, and Application Process

Urgent Loan 50000: A low CIBIL score personal loan is prepared for those customers who have a bad CIBIL score and want to get an Urgent Loan 50000 to fulfill their task and work in an emergency. If you are also looking for a loan provider company where you can apply for a personal loan with a low cibil score then you can check this article where we will share with you the details of a low cibil score personal loan 2024 including the Urgent Loan 50000 eligibility criteria, application procedure, Name of the mobile application for a personal loan 2024, Interest rates, EMI, etc.

A personal loan is an unsecured loan facility that is provided by all the banks in India and other nonbanking financial companies. Apart from the traditional loan feature, the applicant is not required to submit the Collateral in the bank to get the amount, but companies are checking multiple information of the customer including the Cibil score. It is managed by banks according to the transactional activities of the customer. So customer needs to manage and increase the CIBIL score for more than 750 to get loan offers from all the banks and companies. But in case you are not able to manage the Cibil score or your civil score is continuously decreasing then you may face difficulties while applying for a personal loan. Instead of Nationalised and authorized banks in India, financial companies and mobile applications are offering their customers low cibil score personal loans with up to 600 for 550 CIBIL score. 

Urgent Loan 50000 Eligibility

• The nationality of the applicant should be Indian citizen
• Minimum age of the application should be at least 21 years, however the maximum age can be between 58 to 65 according to the job details of the applicant.
• The application should earn at least 15000 per month from at least six months and should be engaged in employment from last 2 years.
• Company will conduct the online KYC so applicant should have linked their PAN card and Aadhar card with bank account and mobile number. 
• You should not have any other loan amount from any bank.

Important documents for Urgent Loan 50000

 Applicants have to carry the following documents while applying for personal loan for bad CIBIL score:

• Passport size photograph
• Aadhar card
• PAN card
• Mobile number and email ID
• Bank account number
• Passbook of the bank
• Last 6 month salary slip or bank statement.
• Last 2 year income tax return for self employed
• Form number 16 for employees in companies
• Address proof documents

How to Apply for Urgent Loan 50000?

• You have to download the official mobile application of anyone company which is providing personal loan. We have mentioned list of the non banking financial companies in the above section so you can check anyone and can download according to your need.
• After that complete your KYC by providing Aadhar card pan card and bank account details so you will receive OTP for verification on your registered mobile number
• Company will automatically calculate your eligibility criteria and will offer you the loan amount accordingly
• If you are agreed with the loan amount and the EMI then you can click on the submit link where you will again receive OTP after reading all the terms and condition.

 Once you complete your all the details your application form will be successful submitted and you will receive loan amount in your bank account within few hours after getting approval.

Low CIBIL score personal loan Companies 2024