Kharab Cibil Score Loan 2024: Personal loan is a very important feature of the bank which is helping citizens to get instant loans to complete their instant needs in emergency cases. However, banks provide personal loans only to those customers who have a good CIBIL score. So if you are also facing regression of your loan application due to a bad CIBIL score or low CIBIL score then you can apply for a low civil score personal loan through a mobile phone, Where you need not visit any bank or branch what is the loan approval but can apply by using mobile applications only. We are sharing with you the Kharab Cibil Score Loan 2024 eligibility criteria, a list of the documents, and the application procedure for a low CIBIL score loan from a mobile phone in this article. So if you are going to apply for a personal loan for facing rejection of the loan application continuously then you should check this Kharab Cibil Score Loan 2024.
Banks are the primary and secured source of personal loan products, but due to their bounded terms and conditions and vast eligibility criteria, most of the needed people cannot succeed in loan application approval in the bank. There are multiple financial companies and third-party mobile applications that are engaging new customers by providing them with banking facilities with minimum eligibility criteria. These mobile applications offer a maximum of 5 to 10 lakh rupees personal loans to their customers through mobile phones only over low cibil score. You can check list of the authorised mobile loan application companies in this article which are registered with RBI so you can get secured loans from these sources.
Features of Kharab Cibil Score Loan 2024
- If you have a low CIBIL score then you can also apply for a personal loan in mobile applications of financial companies. A good CIBIL score is considered more than 750 and a bad CIBIL score is considered less than 600.
- Mobile applications provide instant personal loans to their customers within a few minutes.
- There are low eligibility criteria that can be fulfilled by anyone.
- You can apply for a maximum of 5 lakh to 10 lakh rupees according to your needs and eligibility criteria in these mobile applications.
- Applicants will get the flexibility to repay the loan amount within 60 months according to the loan amount which is they have asked for.
- Companies are providing personal loans for low credit scores with high-interest rates. Most financial companies are charging up to 36% interest rates from their customers which is very high. However, if you apply for a loan in these companies regularly then the company will reduce interest rates according to your condition.
- Other charges including processing fees, GST, palante amount ( if applicable) are also charged from the customer
Low Cibil Score Loan 2024 Eligibility criteria
- The age of the applicant should be more than 21 years old and the maximum age of the applicant should be between 60 to 65 and the time of completing maturity of the loan
- Only Indian citizens are invited by these companies for personal loans.
- You should have a smartphone with internet connectivity to apply for a personal loan
- The bank account of the applicant should be linked with an Aadhar Card and PAN card
- The application should have a proper source of income
- You should not be a defaulter from any bank
Important documents for low cibil score personal loan
- Aadhar card
- pan card
- Bank account details
- Mobile number
- Salary slip or bank statement
Apply online for a Kharab Cibil Score Loan 2024
Follow this procedure to apply for a personal loan in a mobile application over low cibil score:
- Open the Play Store mobile application and download any trusted mobile application that provides personal loans. list will be provided at the end of this article
- Register yourself by providing your mobile number and Aadhar Card details
- Now you have to complete the KYC
- Once you have completed the KYC you can select the loan section and select the loan amount which you want to get
- Now you have to prepare EMI per month according to your monthly income and after the date on the submit link
- You will receive the OTP for verification once you have submitted the OTP your application will be successfully submitted and you will get the loan amount in your bank account within a few minutes after getting approval
Authorized Mobile Loan Applications
List of loan applications that are providing personal loans over low credit score
- Loan Baba loan
- Amazon pay later
- Dhani Van Freedom card loan
- Indiabulls personal loan
- Ring loan app
- Paytm personal loan
You can also search other mobile applications for personal loan which provide the loan amount according to your need with low interest rates.