Personal Loan Bad Cibil Score

Every once in a while we meet with incidences where the financial situation of ours don’t allow to go to the extent where we need to be. Borrowing from market or credit cards also becomes out of the questions. You may opt for Gold or other secured loans but sometimes even that is not an option. In the end you are left with one option and that is Personal Loan. Listening to the word loan rings more bells than solving the trouble. The procedure is simple and quick. You don’t need to hypothecate any insurance or property to avail this loan. All you have to do is to follow some simple steps and help us understand your requirements. Personal loan is one of the easiest loans anyone can get. Although the interest rate is usually very high personal loan is very convenient to fulfill the money requirement for multiple uses such as marriage, buying electronic equipment’s and many others.

Here are the few reasons why Personal Loans are easy to get:

  • Documents required are less
  • No collateral needed
  • Low annual income required

Personal Loan for Bad CIBIL score/credit score

Personal Loan for Bad CIBIL score are processed and approved within a day but there are some reasons why they get denied too:

  1. Income Criteria Not Met: If the Income of Applicant is much lower than the minimum slab decided by the bank then there is fair amount of possibility that it can get rejected. This is because your income helps banks in deciding whether financial situation is credit worthy or not.. Check out personal loan from a variety of Loan Providers like ICICI bank, Axis Bank, Bajaj Finserv, etc.
  2. Job Stability: If you switch your job frequently or have a temporary job then also you loan can get denied. Also the same will be verified via your Salary Slips and Bank statement.
  3. Inaccurate or Insufficient Documentation: While applying for a personal loan, if you falsify details such as incorrect income or provide incomplete documents then chances of loan rejection increases. Use our website to avoid it.
  4. CIBIL Defaulter: There are many other reasons for the personal loan rejections but the most common is when the applicant is a CIBIL defaulter. This means that such a person has previously defaulted the loan or credit card repayment or delayed the EMI or have too many payments balance resulting in a low CIBIL score. And such individuals are categorized as CIBIL defaulters by credit institutions (such as banks, financial institutions where you apply for the loan) and personal loan (or any type of loan or credit card) application are straight away rejected by the credit lenders. Your CIBIL score shows whether you are credit worthy or not. And a low CIBIL score means you are likely to default payment in the future.

Personal Loan for Bad Cibil Score

The question remains what to do if you are a CIBIL Defaulter or have a lower Credit Score?

Yes, being a CIBIL defaulter, you can apply for loan too and here’s how to get the loan:

  1. Choose for Secured Personal Loan: You can keep your assets, fixed deposits, equities, securities or even gold as collateral with the bank. And they will offer you the Personal Loan for Bad CIBIL score without even checking your CIBIL score.
  2. Show your High Salary: There might be chances that previously due to money constraints you had default the payment but as now your income is very high. You can discuss this with the bank. They will verify your annual income proof and grant you a loan.
  3. Get loan in the name of another person in your family having a good CIBIL score: For e.g. if your wife had taken any loan in the past and has a good repayment history with a good CIBIL score then get a loan on her name.
  4. Get a Personal Loan for Bad CIBIL score from private companies/ NBFCs : Many organizations also offer personal loan without verifying your CIBIL score. But in return they charge very high interest rate. So this is another way to get a personal loan.

What to do after a CIBIL Defaulter gets Personal Loan?

Benefits after Getting a Personal Loan for Bad CIBIL score: Once loan is granted, on-time EMI payment can help in rebuilding your credit score and help in removing the defaulter status. Lender will then report your repayment history to the CIBIL. And if you’ve done timely payments without even a single miss, chances of CIBIL re-evaluating your score from bad to good automatically increase. You can also check out tips on improving CIBIL score on our other blogs.

  1. My CIBIL score is low due to credit card balance and 1 cheque bounce happened on May 2016. I need some urgent money. But unfortunately not getting loan from banks. Is there any bank or financial inst which can provide personal loan with low credit score?? Please suggest. My contact No :- 9916******

    • Dear Mr. Sandeep,

      Don’t worry sir, our representative will give you a call within 24 hrs.

      Hope you get the loan soon.

      Thank you.
      Admin

    • Dear Bharti Raja,
      Don’t worry sir, our representative will give you a call within 24 hrs.
      Hope you get the loan soon.

      Thank you.
      Admin

    • Dear Mr. Anand,

      We have taken your request. Our representative will give you a call within 24 hrs. Hope you get the loan soon.

      Thank you.
      Admin

      • Please contact me or help me with the number where and whom to contact…
        i have default in Cibil , but that was long back in 2006-2007 .. since then , i never faced any trouble or required any loan.. but i have some need now.. i am salaried and can easily payback.

        Thanks
        Gaurav Dhawan
        9999******

        • Dear Mr. Gaurav Dhawan,

          Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

          Thank You,
          Team Banknomics

  2. My Cibil score is 550 and credit score is 265. I had a cheque bounce in Oct 2016 and late credit card payments. I’m in urgent need of 1.5 lakhs loan. Please help me out. My contact number is 9486******.

    • Dear Mr. Barath,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

    • Dear Miss Rohini,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

    • Dear Mr. Amit,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

  3. Hi im chandana
    And im a cibil defaulter and im in need of personal loan of 5lacs…can u please help..please contact on 9010******

    • Dear Mr. D Chandana,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

  4. Hi,
    I have 3 personal loans an 2 credit cards. There are lot of EMI bounced in last year. But I am managing to repay by paying two-three EMIs at one time to regularize. Due to so much bounces my cibil score got hurt so badly. I am looking for a personal loan which can help me to consolidate all these loans. Please help me.

    • Dear Mr. Rajesh,

      Thanks for your enquiry. Please share your contact number with us or call us on +91-9818619968 (10 am to 6 pm.) mon – sat.

      Thank You,
      Team Banknomics

  5. My bank loan got rejected due to low credit score I need to clear my credit card due of Rs 75000 ,I was using the credit card since 3years never missed the payment but this year I missed because of family issues,I have a stable salary and also a side income,so now I am balanced to pay back . My email sneharai****@gmail.com,no 7602******

    • Dear Miss. Sneha,
      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.
      Thank You,
      Team Banknomics

  6. HI SIR MY NAME IS VIJAY I HAVE GOOD SALARY I NEED LOAN BUT I HAVE CIBIL LOW I NEED LOAN WHAT CAN I DO PLS TEL ME MY NUMBER 8886******

    • Dear Mr. Vijay,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

  7. My CIBIL score is low due to credit card balance and 1 cheque bounce happened on May 2016. I need some urgent money. But unfortunately not getting loan from banks. Is there any bank or financial inst which can provide personal loan with low credit score?? Please suggest.
    call me +91-9493******

    • Dear Mr. Vamsi,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

    • Dear Mr. Adil,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

  8. Hi I am looking for a personal loan of Rs.5 laks it is very urgently,but My CIBIL score is low due to credit card balance.so I have facing many problems. so kindly help me out. Pl z contact on:9213******.

    • Dear Mr. Sandeep,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

  9. I am looking for the personal loan for my credit card payment as I am paying so much interested every month but my cibil score is low due to outstanding of credit card bill
    My contact number is 9718******

    • Dear Mr. Yogesh,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

  10. I have a low cibil score because of delay payment of credit card …i wnt a personal loan immediatly ..pls contact me on 8409******

    • Dear Mr. Sita ram,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

    • Dear Mr. Siddharth das,

      Thanks for your enquiry. Our Executives will give you a call back within 1 business day. Please be available on your phone.

      Thank You,
      Team Banknomics

  11. I am in need of urgent loan I am working in a good company at Hyderabad but my cibil score is low, have CC outstandings and ECS defaults. Kindly help My No is 9000******

  12. Hi,

    My CIBIL score is around 680+ because of late payments and Cheque bounces. But now am getting good salary and am looking for a loan. I am very much afraid in applying a loan in the bank direclty, because if it gets rejected means my cibil score will get reduced again. Please help me out my mobile +919884******.

  13. Dear Team

    I have a low cibil because I already have loans running, but due to medical emergency at home I am in an urgent need of loan, banks not ready to process. Request your assistance please

    Call me on 9821******

  14. JAYA LAKSHMI PRASANNA GIDUTHURI

    JAYA LAKSHMI PRASANNA GIDUTHURI

    I need a personal loan urgent. I am working in a good company at Hyderabad but my cibil score is low.9642******

  15. Hi,

    I need urgent loan, previously company used to pay less salary but now I changed company and getting good pay scale.

    Regards,
    Rakesh
    9500******

    • Dear Mr. Dasaradha,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  16. Hello my name is Vikram Thakur and I am looking for a personal loan of rs 300000 in urgent.my cibil score is 607.is there any scope.pls do let me know. 9205******

    • Dear Mr. Vikram Thakur,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

    • Dear Mr. puneeth,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

    • Dear Mr. Sumeet G,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

    • Dear Mr. samrat dutta,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  17. I need Loan urgently.
    I have stable salary, and side income.
    Need loan for clear previous loan and maintain cibil.
    Plz help me.
    Contact . 8983******

    • Dear Mr. Nisar K,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  18. अभिजीत सोनोने

    I need a loan of around 2 Lakhs… I have been doing a job since 3 months with salary of 13500. Am I eligible for loan? Plz contact me on 9029******… Thank you!

    • Dear अभिजीत सोनोने,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  19. I need personal loan but ive be been denied frm bank n private fiancers because of low cibil if u can help.. my number is 9717******

  20. Hi,
    I am looking for a personal loan for 3Lakhs. I am very badly in need of that money. My cibil score is low, due to check bounces and credit card late payments in 2013 and 2014. All banks are denying to give personal loans. As of now, my regular income is good and constant. Please help me with this.

  21. Dear Sir,

    Looking out for a personal loan but not getting due to low cibil score…My no is 8885******.
    Request you to help me out

    • Dear Mr. Shashwat,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  22. iam working in chennai ,My CIBIL score is low around 650. I need some urgent money. But unfortunately not getting loan from banks. Is there any bank or financial inst which can provide personal loan with bad credit score?? Please suggest. My contact No :- 9962******

    • Dear Mr. ramkumar,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

    • Dear Mr. sourabh,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

    • Dear Mr. Prabu,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  23. Philip John Mathew

    Hi,

    My name is Philip Mathew my cibil score is low, want loan to clear my debt.please let me know if I can get loan.

    • Dear Mr. Philip,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

    • Dear Mr. sujith,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  24. shridevi basavaraj

    I am in need of urgent loan I am working in a good company at bangalore but my cibil score is low, have CC outstandings and ECS defaults. Kindly help My No 8050******

    • Dear Mrs. shridevi basavaraj,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  25. Team,
    This is Ravi from chennai. I am in need of personal loan and am working in TCS at Chennai but my cibil score is low. Kindly help me to get it. My mobile number is 8056****** and mail id is ******@gmail.com.

    • Dear Mr. Ravi,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  26. I have a low cibil score because of delay payment and settlement of credit card & loan …i want a personal loan immediately ..please contact me on 9844******

    • Dear Mr. Venkatesh,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

    • Dear Mr. NIRAJ,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

    • Dear shylaja Ji,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  27. I am in need of urgent loan I am working in a good company in Chennai but my cibil score is low, have CC outstandings ,Kindly help My No is 7299******

    • Dear Mr. Ananthi,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

    • Dear Raghava,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  28. I am in need of urgent loan I am working in a good company at Mysore but my cibil score is low, have CC outstanding. Kindly suggest my no is 9663******

    • Dear Mr. Nikhil,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  29. I have paid up my 5 loans outstanding still 4 loans active kindly help me to get a personal loan as soon as possible.

  30. my cibil is less recently in last six months ECS returned, but I have paid in same month, Also credit cards payments are also pending. I want loan 3,50,000

  31. I have a low cibil score..I want personal loan of RS 2lakh.
    Recently my existing personal loan from Fullerton is been completed in Jun 2017.amount taken was of RS 1 lakh. In may 2015.
    My contact -7534******

    • Dear Mr. Saurabh Gupta,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  32. Allwyn Sachin A J

    Hi Team,
    My name is Allwyn sachin, from bangalore. my cibil score is around 650 and my loans are getting cancled, i am looking for a personal loan for my marriage next month.. please help me regarding this.
    my phone number is 8217******

    • Dear Mr. Allwyn Sachin A J,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  33. Hi,
    i am looking for loan, but i have low cibil score, could someone help me. contact no- 9779******
    Ravinder Singh

    • Dear Mr. Ravinder Singh,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  34. Hi my monthly salary is 30000/- and in need of 100000/- but cibil score is 590 and there is a credit card w/o on my cibil because of which my loan is getting rejected so will you be able to do it for me my contact number 7021******

    • Dear Md. Shafique,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  35. need personal loan- have cibil trouble happened with jwell loan- pls kindly arrange for personal loan- no 7871******, deepan

  36. Dear sir,
    I have low civil score, because past i have three credit cards default and i closed two of them , and when the time closing my third card , my mother hospitalised,,, so could not make payments . I have stable income and SBI credit card with good track record now. Due to hospital expenses now i need 1.5 lakhs personal loan to settle all small loans occurred, but all the bank’s rejecting my application because of low cibil score. With this amount ,i am ready to close my default credit card also willing to pay personal loan dues by auto debit from salary account. Is there any chance for getting loan.

    Thanks ,
    B. Ganeshkumar
    8754******

    • Dear Mr. Ganeshkumar B,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

  37. Somnath Chattaraj

    I also need a personal loan but not able to get it. May be because of low CIBIl score. can you please help?
    My mobile number is: 8553******.

  38. I’m looking for a personal loan of 4-4.5 lakhs. But Cibil score is too low. I have CC outstanding of Rs.65000 and I do not have any other loans. Last time when reported my salary was 22000 take home and now it is 30000 take home. Any possibility? Please help. My contact number is 7829******.

    • Dear Mr. Barath,

      Thanks for your interest. Our executive will give you a call back in 1 working day.

      Regards,
      Admin

    • Ms. Sneha,
      As per our records, our representative did called you. You can call us back on +91-9818619968.

      Regards,
      Admin

  39. hello, my salary is 49000 need pl to payoff 70000 of credit card. then my ratings & life both wil b normal again. cc screwed my ratings hence unable to get loan. Can u lend me a lakh rs. ?

    • Please provide us your contact number so that our executive shall give you a call back or call us directly on +91-9818619968.

  40. Dharmendra Sharma

    Hello my name is Dharmendra sharma and looking for a personal loan but cibil issue is there if u can help me out then plz call me on 9929****** & 8112******

  41. Hi team,

    i want personal loan my CIBIL is below 600 its urgent coz i want to clear my credit card bills. please call me 9741******

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