500-600 क्रेडिट स्कोर है लेकिन लोन चाहिए! चिंता न करें यहां से लें तुरंत लोन [Low Cibil Score Loan 2024]

Low Cibil Score Loan 2024: Nowadays many people take personal loans from banks, but many of them do not pay the loan EMI on time. This thing lowers their credit score. Many people have a credit score of 500-600 or less, due to which they may face difficulty in getting a loan. If they get a loan, higher interest rates apply to it. The bank or financial institution gives great importance to the credit score of the applicant for the loan. Therefore, it is important to make EMI payments on time to increase the credit score.

Yes, if you also want to take a Low Cibil Score Loan 2024 for your financial condition, then in this article we will tell you about some NBFCs (Non-Banking Financial Companies), through which you can take personal loans even at a low CIBIL score (Low Cibil Score Loan 2024). Will be able to get a loan. Let us know the complete information related to the documents required and the application process for Low Cibil Score Loan 2024.

500 credit score loan [Low Cibil Score Loan 2024]

A person’s CIBIL score is very important for taking a personal loan from the bank. CIBIL score is a number from 300 to 900, which reflects the credit worthiness of the individual. A CIBIL score of 500-600 or less is bad, which can cause difficulty in getting loan approval. Also, a CIBIL score of 750 or more is good and increases the chances of getting a Low Cibil Score Loan 2024.

People with low CIBIL score can hardly get loans from banks, but they can get loans through many NBFC-registered apps in the country. These apps offer various personal loans, but initially, the Low Cibil Score Loan 2024 can be only up to Rs 25,000. If you repay the loan on time, your CIBIL score improves and the apps can offer you more loans.

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The interest rate of the 500 CIBIL score loan

If you are searching for a Low Cibil Score Loan 2024, you should always check its interest rate, as some personal loans may have very high interest rates. Below we have given you information about the interest rates for loans with low CIBIL score.

  • For instant loans on low credit scores, you will have to pay a discount of 20 to 36 percent.
  • Loan applications with some low CIBIL scores may request a filing fee of Rs 10 thousand.
  • If you repay the loan late, you will also have to pay a penalty. And this fine can be very high.
  • You are not required to provide any kind of guarantee while applying for this Low Cibil Score Loan 2024.
  • While applying for the loan, you will also have to pay 18 percent GST prescribed by the government.

You should always remember the above-mentioned points while applying for this Low Cibil Score Loan 2024.

Some benefits of Low Cibil Score Loan 2024

Now, that we have understood the interest rate, penalties, and other important aspects of the loan, we should look at the benefits of a low CIBIL score loan.

• The biggest advantage of this loan is that you get an instant loan, and for that, you do not need to have a good CIBIL score.

• You can apply for this Low Cibil Score Loan 2024 from the comfort of your home, no need to go anywhere.

• You can take a loan that can be up to Rs 10 lakh, and you will be given 60 months to repay it.

• Its advantage is also that you will not have to face so many difficulties for this. You can save your time and energy.

• This Low Cibil Score Loan 2024 is completely secured, which means you have nothing to worry about.

• If you keep paying EMIs on time, your credit score will improve with time.

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How to avail Low Cibil Score Loan 2024?

Applicants for personal loan with 500-600 CIBIL score can apply for the loan by downloading any one of the loan applications mentioned above, for this you will be able to know the loan application process by reading the steps mentioned here.

  • First of all, install the application from Google Play Store from which you want to take loan.
  • Open the app and verify your mobile number by entering OTP and login.
  • After login, you will get the option of personal loan, which has to be clicked.
  • Fill your information like name, date of birth, etc. in the form.
  • Complete KYC by entering your Aadhar Card and PAN Card number.
  • After KYC, credit limit will be given as per credit score.
  • Auto connect your account below by entering your bank account details like account number and IFSC code.

Wait for some time, when the Low Cibil Score Loan 2024 is approved, the loan amount will be transferred to your bank account.In this way, the process of applying for loan against your low CIBIL score will be completed.

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