By adopting these methods, you will get personal loan even if you have a bad CIBIL score
A good CIBIL score helps you in getting a loan and a credit card. Many facts related to a loan, like the loan amount and interest rate, are decided through the CIBIL score. If the CIBIL score is bad, then there can be a problem in getting a loan. However, the loan can be obtained even with a bad CIBIL score. Today, we are going to talk about these methods.

The range of the CIBIL score is between 300 to 900. The better the CIBIL score or credit score, the easier it will be to get a loan. If there is a better CIBIL score, then many things become easy. But there can be a problem in getting a loan if you have a bad CIBIL score. However, this does not mean that you cannot get a loan. Know those methods through which you can get a loan even if you have a bad CIBIL score.
How can you get a loan with a bad CIBIL score?
- Take the help of a joint loan: With a joint loan, you can obtain a loan even with a bad credit score. But it should be very crucial to ensure that the individual with whom you are making a partner has a good CIBIL score. Your loan burden also lessens under a joint loan. By doing so, you can obtain a loan even with a low credit score.
- Take the help of small NBFCs: It is possible to obtain a loan from small financial institutions even though you have a poor credit score. But they charge more interest in that case.
- Secured Loan: It is possible to take a gold loan from regular banks. No bank can decline for this. Besides gold, you have the facility of other secured loans. Banks easily provide secured loans as compared to unsecured loans.
Together with all that, if you have taken a smaller loan, then also your chances improve. Alternatively, if you can prove to the bank that you have a steady flow of money, then your chances also improve.
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