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Low Cibil Score Loan App in Hindi : There are many types of expenses in our daily life like children's school fees, illness expenses, wedding expenses, travel expenses, need of money for investment. But many times we do not have money on time. When expenses appear before 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 other than taking a loan.
There are many people whose credit score gets spoiled due to any reason. Due to bad CIBIL score, they do not get loan easily. Therefore, in today's article we will provide you with Low Cibil Score Loan App Have brought. Due to which you will be able to take loan even if your civil 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 loan even if you have a low CIBIL score. To know how and where to get a loan even if the CIBIL score is bad, read this article completely.
Low Cibil Score Loan App 2024
At present, there are many such loan applications which provide you with many No guarantee on low CIBIL score Gives personal loan easily. There are many NBSC companies which give you loan only using Aadhar card. For this, it does not demand any kind of collateral or guarantee from you. However, most of the companies prefer to give loans on the basis of CIBIL score only. But even if your CIBIL score is low, some companies give you loan easily.
Generally, whenever a company checks the CIBIL score, it wants the customer's CIBIL to be between 750 to 900. On this CIBIL score, a huge amount is also given as personal loan which can be repaid in easy monthly installments. Whereas if the CIBIL score is less than 600 then it is considered as low CIBIL score. In such a situation, no company gives you a personal loan easily. According to the conditions of some companies, you can also get personal loan from them on low CIBIL score.
List of Low Cibil Score Loan App
The list of applications giving loan on low CIBIL score is very long. Here we are telling you the list of some major applications which 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 Lends
- CreditBee
- SEVERE
- Cash
- Money View
- Early Salary
- SmartCoin
- Home Credit
- LazyPay
- mPoked
- 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 ranging from ₹2000 to ₹50000 Can take easily.
- Most loan applications give you up to 6 months to make payments.
- You get loan only with the help of Aadhar card and PAN card.
- You do not need to go anywhere to take a loan, 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 give any kind of security or collateral.
- Most loans are approved within 30 minutes and the loan amount is credited to your bank account.
- Men and women get loans equally.
- A person of any proportion can get a loan.
Disadvantages of low CIBIL score loan app
- 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 take a loan.
- You get a very short time period to repay the loan.
- There are very high processing fees and other charges for taking a loan.
- The loan amount offered to you is very less.
Also read: How to improve your CIBIL score, know how to increase CIBIL score
Low Cibil Score Loan App Charges
- Most loan applications give you loans at interest rates ranging from 12 to 48%.
- Processing fees can be up to 10%.
- Documentation and platform fees are charged separately.
- Heavy penalty has to be paid for not repaying the loan on time.
- You have to pay GST of 18% on processing and interest rate.
- The loan amount available is always small.
Low Cibil Score Loan App Eligibility
- All Indian citizens can take this loan.
- Persons between 18 to 55 years of age can apply for the loan.
- The person applying for the loan must have a salary.
- You must have Aadhar card and PAN card.
- You must have a bank account.
Low Cibil Score Loan App Documents
- Identity Card – PAN Card
- Address Proof – Aadhar Card
- Bank Details – 6 Months Bank Statement
- Photo – 2-3Photo Selfie Photo
- E-sign – Agreement Online Signature
How to apply for loan from Low Cibil Score Loan App
- Download and install the application through which you want to apply for the loan on your mobile.
- After this you have to complete your registration process through your PAN card and Aadhar card.
- You will have to enter all the requested information and bank account details in the loan application.
- After this you have to select a small loan amount and apply for it.
- The NBFC company or 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 for each loan application is different.
- In such a situation, you can apply by following the instructions given in the loan application.
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