How to Apply for A Personal Loan for Low CIBIL Score
The Lenders give weightage to cibil score to provide a personal loan because it is an unsecured loan, they need to check your loan repayment eligibility. This score represents the complete details of your credit history, amount, credit duration, take repayment as a responsibility, and other factors. Generally, individuals who have a minimum credit score of 700 are preferred by lenders and their chances are high to get their personal loan application approved. It is not completely true that you may not get a personal loan for low cibil score . Here are some measures through which you can get a personal loan with a bad cibil score as well:- 1. Prove that your income supports loan repayments. If you have a low credit score but you have various and stable sources of income, it is favourable for your personal loan application approval, You can communicate with them with proofs available to you, it is possible they may charge a higher rate of interest. It also works for individua