Anisha Mehta wants to avail general purpose (personal) loan. But she is a little worried because her application got rejected 2 times due to her poor CIBIL score. The reason for her low CIBIL is a delay in previous repayments. Now her credit score is 600. Is she still eligible for loan for poor CIBIL score? What are the most common causes for loan for poor cibil score? In most cases, people do not aware of why they have a low credit score till the application gets rejected. The same things happened with Anisha, first of all, she needs to find out the possible causes while applying for a loan for poor cibil score.
How to get a loan with poor cibil score of 600 or below
The cibil score is a core factor in determining the rate of interest, loan amount, and tenure for Anisha. To become eligible for more loan amounts, this is how she can apply for a loan for poor cibil score.
1. How can I get an immediate loan with bad credit? When you don’t have more time to improve your credit score, need a loan urgently.
A cibil score of less than 600 is considered a low or poor cibil score. A score between 750-900 is considered good, these category borrowers get loans fastest at competitive rates. Source- https://saralcredit.blogspot.com/2022/08/how-to-get-loan-with-low-cibil-score.html
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