Do you have a low CIBIL Score and not getting the personal loan? Here the tips you can follow!


A personal loan is ideally available for self-employed as well as salaried people who want money in an emergency. It is hit among the people because of quick processing, flexible payment, and a large amount can be sanction. Generally, one can apply personal loans for funding different circumstances such as vacation, home renovation, higher studies, weddings, and many more. But, before giving the loan, many organizations consider an individual’s credit score.

Well, in a clear term, the credit score or you can say CIBIL score is a 3-digit numeric summary, which is calculated for determining the worthiness of your credit. Having a good credit score depicts a good credit history. That’s why; it plays an essential role in getting a personal loan.

Tips for getting a personal loan even if you have a low CIBIL score

  1. Income

If you have a high income but a low credit score, there is nothing to worry about. At this time, you can provide adequate income proof as well as show an extra source of income. This helps in gaining the confidence of the lender that you can repay the loan on time.

  1. Go for a lower personal loan amount

On asking the lower amount of loan, there will be lower risk. With this, the lender gets to agree to give you a personal loan.

  1. Find a co-applicant

Another option of getting personal loans with a low credit score is involving co-applicant or, in other words, guarantor. Before this, you have to take that applicant in confidence to complete the KYC formalities. Make sure that the guarantor has a steady income or a good credit score.

  1. Correct the mistakes present in your credit report

The chances of having errors in the CIBIL report are quite possible. Such a thing happens when the latest information isn’t get updated in the record. These mistakes are the fault of yours and can affect the credit score. Hence, your CIBIL score must be error-free and boost the credit score as well.

Hence, to get a personal loan, it is good if you have a good credit score. But, even if you don’t, you just have to follow these simple tips to get personal loans.



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