Personal Loan With Poor Cibil Score 2024: Personal loans are in demand among middle-class and low-income citizens in India which helps them to spend for their financial expenses such as educational purposes, business purposes, home renovation and decoration, purchasing new items, vacations, etc. However, most are facing rejection of loan application forms in the bank due to low CIBIL scores. So if you are also facing the same problem then you can read this article where we will share with you the information on Personal Loan With Poor Cibil Score 2024 including how to calculate the Cibil score, where to apply loan with bad cibil score etc. So you have certain eligibility criteria and have sufficient documents then can apply accordingly for approximately 5 lakh rupees instant personal loan over your poor civil score.
Cibil score is 3 digit number ranging between 300 to 900. The maximum score is the representation of a good customer who can repay the loan amount within the time duration. So if anyone have more than the 750 cibil score then he will get easily approval of the personal loan in the bank. However if you are not able to maintain your cibil score and it have decrease up to 550 then you will not get approval for your application. In this case you have to look out other options to get personal loan.
Personal Loan With Poor Cibil Score 2024
Whenever you apply for personal loan you have to pay extra charges to verify and check your CIBIL score in the bank. but according to the new guidelines of RBI, every Bank should provide the information of cibil score to the customer once in a year in free of cost. So you can contact to your manager to check your CIBIL score in free of cost under the guidelines of RBI so they will inform you Your score and you can apply for loan according to your Personal Loan eligibility 2024.
There are many private companies available in India which are also offering personal loans and other banking facilities to their customers. however, these companies are not registered as banks but are registered with RBI as non banking financial companies- NBFCs. So these companies are offering personal loan to their customers with minimum eligibility criteria including bad and poor CIBIL score.
सरकार दे रही ₹20,000 की छात्रवृत्ति, यहां से भरें फॉर्म, तुरंत मिलेगा पैसा
₹500 के नोट को लेकर जारी हुई नई गाइडलाइन
सरकार दे रही छात्र छात्राओं को 600 रु से 1200 रु प्रतिमाह छात्रवृति, इस तरह करें आवेदन [फॉर्म]
Personal Loan With Poor Cibil Score Eligibility 2024
- You should be a Indian citizen only to get at personal loan from The company
- The minimum age of the applicant should be more than 21 years old
- If you have good source of income then you can get instant loan approval and get higher loan amount offer from the company
- Applicant should have already a bank account where the money will be transferred
Personal Loan With Poor Cibil Score
You are suggested to carry the following documents to get personal loan instantly in nbfc Companies:
- Aadhar card of the applicant
- PAN card of the applicant
- Bank account of the applicant and it should be linked with Aadhar in PAN card
- Salary slip of applicant or bank statement
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Poor CIBIL Score Loan Interest Rates 2024
You are suggested to check the interest rates in each bank before applying for personal loan, as these companies are charging higher interest for maximum 36% due to their instant facilities. We are sharing with you the following table where you can check mobile app name and the Personal Loan With Poor Cibil Score interest rates which will be charged from the applicant
| App Name | Interest Rate (Range) | Possible Loan Amount |
| PaySense | 16% to 36% p.a. | Rs. 5,000 to Rs. 500,000 |
| KreditBee | 1.02% p.m. onwards | Rs. 1,000 to Rs. 4 Lakhs |
| mPokket | 17.5% to 30% p.a. | Rs. 500 to Rs. 30,000 |
| EarlySalary (Fibe) | Rs. 9 per day onwards | Rs. 5,000 to Rs. 5 Lakhs |
| NIRA | Not Disclosed | Rs. 1,000 to Rs. 60,000 |
| CashE | 2.50% per month onwards | Rs. 1,000 to Rs. 4,00,000 |
So if you want to get a personal loan then you can download any mobile app in your smartphone and create the user ID for login, after that you have to complete the KYC so bank will automatically show you the loan amount according to your eligibility. once you click on the apply now for Personal Loan With Poor Cibil Score link and fill your person details then loan amount will be transferred in your bank account instantly.
