Bad Cibil Score Personal Loan 2024: Cibil score is a very important factor for applying personal loan which is checked by all the banks and non-bank financial companies. If you have more than a 750 CIBIL score then you can easily apply for a personal loan in any bank, but in case if you are less than that or have a bad CIBIL score then you will have difficulty applying for Bad Cibil Score Personal Loan 2024. However, there are multiple websites and mobile applications that provide Credit services to their customers with low CIBIL scores where you can apply for up to Rs 2 lakh Rupees Bad Cibil Score Personal Loan 2024 without visiting the branch.
It is very important to manage the Cibil score if you are looking for a personal loan-providing company. Cibil score is the representation of the trustees of a customer Which helps companies in banks to select a good customer to provide loan facilities. The CIBIL score is ranked between 300 to 900 where the highest number is the indicator of the most trusted customer and the lower number represents the irresponsible customer. So if any customer has more than a 750 Cibil score then he can get a loan offer from the bank in India but if a customer has less than a 600 Cibil score then it will be very difficult for the customer to get a Bad Cibil Score Personal Loan 2024 in the bank.
Bad Cibil Score Personal Loan 2024 Interest Rate
NBFC are registered with RBI in India which also provides banking facilities to their customers. Companies such as PaySense, MoneyTap, CASHe, etc Are offering personal loans to their customers with a low credit score. But as they are trusting they are helping their customers in the emergency with personal loans, so companies at charging higher interest rates from these low civil score customers. The range of interest rates can be between 12% annually to 38% according to the eligibility of the customer. so if you have sufficient potential to return the loan amount then you can check these companies for personal loans.
Bad Cibil Score Personal Loan Eligibility 2024
- Only Indian citizens are eligible to apply for personal loan
- The age of the applicant should be more than 21 years old at the time of applying for a personal loan but it should not be more than 58 while submitting the last EMI.
- You should have a good salary such as more than 15000 per month with at least 6 months and working in the company from last 1 years to 2 years.
Documents Required for Bad Cibil Score Personal Loan 2024
You have to provide the following documents through online mode while applying for personal loan in their mobile application:
- The Aadhar card of the applicant
- PAN card
- passport size photograph
- Last six-month salary slips
- Employment Letter from the company
- Address details of the applicant
- Bank account details
How to Apply for Bad Cibil Score Personal Loan 2024?
- First of all, you have to download any mobile application On your smartphone that provides personal loans to their customers. we have also discussed the names of the companies in the above section.
- After that create your profile by entering your mobile number and email ID and after that, the Bad Cibil Score Personal Loan 2024 application will open on your phone
- Complete your KYC by providing Aadhar Card and PAN Card details where you will receive OTP for verification
- Now you can check the loan offer in the mobile application according to your eligibility criteria and after you can click on the apply now.
- After that, you have to provide your details and bank account information and create the EMI to repay the loan amount
The company will send you the verification OTP on your mobile number, once you submit the OTP your application form will be successfully submitted and you will get the loan amount in your bank account instantly within a few minutes.