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I hereby declare that I am Indian National. I agree to CreditSathi’ s Privacy Policy and T&Cs and authorize CreditSathi to carry out credit inquiries on the Credit Bureaus. I also authorize CreditSathi to retrieve a credit report on my behalf from any cibil bureau. By clicking on “Apply Now”, you consent to receive communications including but not limited to SMS, e-mails, phone calls, WhatsApp from us and/or our partners, including Banks, NBFCs and Channel Partners, with respect to your transaction on the website or for any other purpose. This consent will override any registration for DNC/NDNC.

Personal Loan With Low Credit Score

Many people have asked us this in the past that is it possible to get a personal loan with a bad credit score? Our answer is yes however there are certain factors to consider. Low credit score affects the eligibility of the customers to avail personal loans and credit cards. We help our customers and make sure that they can get a personal loan or a credit card with a low credit score. We have two customized solutions for those having a low credit score to meet out their financial need immediately and we also help them by providing solutions to improve credit score.

Personal Loan With Low Credit Score: – If you are struggling to get a personal loan or a credit card due to a low credit score we can help. As a financial solution provider, it is our commitment to provide loans to all. We can identify and arrange the best personal loan and credit card offers for you depending on your creditworthiness.
Are you looking for a personal loan at a low-interest rate with a low credit score? Click here to apply.

Can I Get Personal Loan With Bad Credit SCORE?

We recommend taking the corrective action to improve your credit score immediately however if you are in urgent need of a loan we can help you to get a personal loan with a low or bad credit score. Click here for help!

There are few loan providers who offer personal loans to customers with a bad credit score and we are associated with them. There is always a silver lining! Click here to apply.

If your credit score is less than 650 we can help you to get the personal loan. Click here.

What is Credit Score?

Credit Score – This is a mathematical representation of your credit history. 750 plus credit score is considered a good credit profile. Lenders would like to treat you as an elite customer and they will go all out to approve your personal loan instantly with a low-interest rate.

Understand Your Credit Score

Understand Your Credit Score

Credit Score Interpretation
Below 650 Poor
Between 650 – 750 Average
Between 750 – 800 Good
Between 800 – 900 Excellent

How to Improve My Credit Score?

Imagine you had taken a loan in past and paid all the installments on time, none of the installments got bounced, no outstanding or settlement has done against any borrowings with any lender, all these things make your credit history faultless, good credit score and you become the elite customer for the lender.

Below are The Tips to Increase Credit Score: –

Timely Payment of The Loan Installments: – Credit score is the reflection of your Financial discipline which is the first thing reviewed by the lender before giving a loan. Timely payment of all dues helps in improving your credit score. Never forget to pay your installments. This is one of the most important things to do to improve your credit score.

Timely Payment of Credit Cards Outstanding Amount: – Many times we miss to pay the credit card dues which has a negative impact on the credit score. It also increases the financial burden on customers as the bank will charge interest on the due amount and late payment fees.

Pay all The Past Dues: – If you have any past unpaid dues pay them immediately otherwise it will always remain as a black mark in your credit report.

Always Take The Loan Closure Certificate or No Objection Certificate From The Bank: – Once your loan is over, ask the bank to give you a loan closure certificate or letter. This is also known as a no-dues letter which is proof that you have paid all the loan amount to the bank and there is no outstanding. This will help you deal with with an error that occurred in your credit score due to these loans.

Credit Utilization – Never utilize the entire credit limit of your credit card. This has a negative impact on your credit score.
Always make sure that your credit card utilization is below the maximum limit of the card.

6 Reasons to Know Your Credit Score or Credit Report

Before applying for any loan it is important for you to know your credit score, as your loan offer depends on the credit score. Below are the 7 reasons why it beneficial for you to know your credit score: –

  • Know Your Financial Health – As we do our regular medical checkup to identify any illness or ailment in advance before it becomes big, the Credit score is the indicator of your financial health. It is always good to know where you stand in terms of your financial health and if you see any concerns take the corrective measure now before it hurts you.
  • Avoid Surprises – Many times we have seen that people only come to know that there is something wrong with their credit score when their loan or credit card got rejected. It is always advisable to be proactive and do the needful beforehand.
  • Fix The Financial Glitches – if there are any financial inaccuracies you can always fix them before applying for any loan or credit card. It would increase your chances of getting the loan and credit card.
  • Avail The Best Offers – If your credit score is good you are eligible to get the best loan offers.
  • Low-Interest Rate – Lower the interest rate lesser the repayment amount. By knowing your credit score you can always negotiate with the loan provider on the interest rate.
  • Enjoy Easy and Fast Loan Approval – Get the loan instantly, yes this is possible if you have a good credit score and you are aware of it. It gives you more power.

How Can I Check My Credit Score For Free?

We can not only help you to check the credit score for free in fact we can also help you to improve your credit score if you have a low or bad credit score. No worries!!

If you are unable to get a personal loan due to bad credit scores, we can help you to get the personal loan at the best interest rate with a bad credit score. Click here for help.