Is it possible you rating that loan which have Credit score regarding 550?
Good CIBIL Get try your own credit rating one proves a great borrower’s credit history. The get range anywhere between three hundred and you can 900. The greater the fresh new score, better is the opportunity to score a personal bank loan recognition. A personal loan having CIBIL Get away from five-hundred is hard in order to rating. Financial institutions and you may NBFCs choose CIBIL Get out of 750 and you can more than to help you accept a consumer loan. not, a number of loan providers get accept the borrowed funds to have rating out-of 550, but at the a high rate interesting, costs, and you can costs.
Regarding below blog post, we’re going to speak about on which a personal loan is actually, CIBIL Get 550, personal bank loan to own CIBIL Rating away from 550, items guilty of a decreased credit score, how exactly to improve your CIBIL Rating, downsides of applying for financing that have lower CIBIL Score, and you can Frequently asked questions.
