An excellent CIBIL Get try your own credit score one shows an excellent borrower’s credit worthiness. New rating range anywhere between three hundred and 900. The greater the new get, best is the chance to rating an unsecured loan recognition. A consumer loan having CIBIL Score away from five-hundred is hard in order to rating. Financial institutions and you can NBFCs favor CIBIL Rating out of 750 and you may over so you can agree a consumer loan. Yet not, a few loan providers can get accept the borrowed funds having get out-of 550, however, at a higher level interesting, charges, and charges.
Regarding the below blog post, we’re going to speak about on what a personal loan are, CIBIL Get 550, unsecured loan to possess CIBIL Score away from 550, factors responsible for a low credit rating, how-to change your CIBIL Score, cons from applying for financing with low CIBIL Score, and you may Faqs. Continue reading
