How to Get a Personal Loan with a Poor CIBIL Score?

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CIBIL score is usually a determining factor that affects a borrower’s loan approval, sanctioned amount, and interest rate. Those who need a personal loan with a bad CIBIL score will find it quite challenging to secure a lucrative deal. Still, several lenders are offering personal loans to individuals with bad credit. However, their interest rates are high and require stricter eligibility and documentation. Here are a few ways to get a personal loan with bad credit.



  • Compare lenders offering personal loans for bad credit and find the best deal possible.

  • Try to improve your credit score by repaying existing debt, diversifying your credit portfolio, and retaining old accounts.

  • Add a co-applicant to take advantage of their income and credit rating.

  • Be ready to pay a higher interest rate for the time being and transfer the outstanding balance once the credit score improves.


These are a few tips that can help individuals who need personal loans with bad CIBIL scores. The best way is to improve the credit score and apply with better eligibility or opt for lending institutions considering the Experian score.

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