Low Cibil Score Loan App : There are many types of expenses in our daily life like children’s school fees, expenses for illness, wedding expenses, travel expenses, money needed for investment. But sometimes we do not have money on time. When expenses come in front of us one by one, we meet them from our monthly income. But sometimes the situation becomes such that all the expenses in the house come together. In such a situation, when we do not have that much money, then we do not see any other option except taking a loan.
There are many people whose credit score gets spoiled due to any reason. Due to poor CIBIL score, they do not get loan easily. Therefore, in today’s article, we have brought for you Low Cibil Score Loan App We have brought this. With which you will be able to take a loan even if your CIBIL score is bad. Most banks refuse to give loans if you have a bad credit score. In such a situation, some applications and NBFCs give you instant personal loans even if you have a low CIBIL score. To know how and where to get a loan even if you have a bad CIBIL score, read this article further.
Low Cibil Score Loan App 2024
At present, there are many loan applications which can help you in getting loan. No guarantee on low CIBIL score They easily give personal loans. There are many NBFC companies that give you loans just by using your Aadhaar card. They do not demand any kind of collateral or guarantee from you for this. However, most companies prefer to give loans on the basis of CIBIL score. But even if your CIBIL score is low, some companies easily give you loans.
Generally, whenever a company checks the CIBIL score, it wants the customer’s CIBIL to be between 750 and 900. On this CIBIL score, a large amount is also given as a personal loan which can be repaid in easy monthly installments. On the other hand, if the CIBIL score is less than 600, then it is considered a low CIBIL score. In such a situation, no company gives you a personal loan easily. According to the terms and conditions of some companies, you can also get a personal loan from them on a low CIBIL score.
List of Low Cibil Score Loan App
The list of applications that provide loans on low CIBIL score is very long. Here we are giving you a list of some major applications that can give you loan on low CIBIL score. You can apply for loan on any of these applications as per your choice.
- PaySense
- MoneyTap
- Dhani
- india lending
- CreditBee
- N.I.R.A.
- CASHe
- Money View
- Early Salary
- SmartCoin
- Home Credit
- LazyPay
- Flex Salary
- Bajaj Finserv
- PayMeIndia
- LoanTap
- Amazon
- RupeeRedee
- StashFin
Low Cibil Score Loan App Benefits
- For this you do not need CIBIL score.
- Through this type of loan application you Loan from ₹2000 to ₹50000 Can be taken easily.
- Most loan applications give you up to 6 months to make the payment.
- You get loan only with the help of Aadhar card and PAN card.
- To take a loan, you do not need to go anywhere, you can apply online.
- Most of your loan applications are loan applications registered by RBI and NBFCs.
- To take this type of loan, you do not need to provide any kind of security and collateral.
- Most loans are approved within 30 minutes and the loan amount is credited to your bank account.
- Women and men get loans equally.
- Any person of any proportion can get the loan.
Disadvantages of Low CIBIL Score Loan Apps
- When people with low CIBIL score take a loan, they have to pay very high interest.
- In many cases, you also need a guarantee to get a loan.
- You get a very short time period to repay the loan.
- Very high processing fees and other charges are levied on taking a loan.
- The loan amount offered to you is very less.
Low Cibil Score Loan App Charges
- Most loan applications give you loan at interest ranging from 12 to 48%.
- Processing fees can be up to 10%.
- Documentation and platform fees are separate.
- If the loan is not repaid on time, a huge penalty has to be paid.
- You have to pay 18% GST on processing and interest rate.
- The loan amount available is always small.
Low Cibil Score Loan App Eligibility
- All Indian citizens can avail this loan.
- People between the age of 18 to 55 years can apply for the loan.
- The person applying for the loan must have a salary.
- You must have Aadhar card and PAN card.
- You need to have a bank account.
Low Cibil Score Loan App Documents
- Identification Card – PAN Card
- Address Proof – Aadhar Card
- Bank details- 6 months bank statement
- Photo – 2-3 photos selfie photo
- E-sign – Agreement online signature
How to apply for a loan from Low Cibil Score Loan App
- Download and install the application through which you want to apply for loan on your mobile.
- After this you have to complete your registration process through your PAN card and Aadhar card.
- In the loan application, you will have to enter all the required information and bank account details.
- After this you have to select a small loan amount and apply for it.
- The NBFC company or the loan application company will check your application and if you fulfill all the eligibility criteria then your loan is approved.
- After the loan is approved, the loan amount is transferred to your bank account.
- The application process is different for every loan application.
- In such a situation, you can apply by following the instructions given in the loan application.