An effective CIBIL Score is actually a personal credit rating one shows a great borrower’s credit worthiness. The score selections anywhere between three hundred and 900. The greater brand new get, greatest is the chance to get a personal bank loan approval. A consumer loan for CIBIL Rating from five hundred is tough in order to score. Banks and you may NBFCs prefer CIBIL Rating from 750 and more than so you’re able to accept a consumer loan. Yet not, several lenders may approve the loan to possess rating out-of 550, however, in the a higher rate of interest, charge, and you will charges.
On lower than post, we are going to talk about on which a consumer loan is, CIBIL Get 550, personal bank loan to have CIBIL Score away from 550, things accountable for the lowest credit history, how-to change your CIBIL Score, downsides of making an application for financing with reduced CIBIL Get, and you will Faqs.
Read moreWould you get a loan which have Credit history away from 550?
