Is it Possible to get a Personal Loan with Low Credit (CIBIL) Score? Yes, why not?
Low Credit (CIBIL) score does not necessarily mean bad credit. It can also be attributed to insufficient loan or credit card footprint. Typically, at young age we start with one or two credit card and may be a two-wheeler loan. Credit Score in such circumstances are on the lower side, so if bank or NBFC has CIBIL cut off based rejection criteria then your case automatically moves to rejection tray.
At LoanTap we look at every customer in totality. Everything carries a weightage – salary, banking habit, nature of job, job stability, residence stability and of course Credit Score. Because of human angle involved, over and above machine learning our approval rates are better.
So, stop worrying and avail Personal Loan from LoanTap, this will also help you improve your credit rating.
Easy Online Process
Minimal Manual Transactions
Cash Transfer Within 36 Hrs
Loan Processed With Minimal Documents
Nil Foreclosure Charges
No Foreclosure Charges Applicable Post 6 Months