Personal Loan Criteria: Want to take a personal loan but have a low CIBIL score? Adopt this method..


Most people in the country take personal loans in emergencies. However, before giving this loan, the bank checks your CIBIL score. If your CIBIL score is low then you may face difficulty in getting a loan.


Many people in the country are stuck in a situation where they have to take a personal loan but their CIBIL score is low. However, now you do not have to worry about getting worried anymore because you will be able to take a loan even with a low CIBIL score.

This is how you will get a loan

Prove your stable income to the bank

The bank gives you a loan when it feels that your income is good and you will be able to repay the loan on time. Since a personal loan is a no-collateral loan, it means that it is a loan against which the bank does not give you any collateral.

In such a situation, if you want to take a loan and your CIBIL score is low, then you should prove your stable income to your bank so that the bank can be sure that you are capable of paying the EMI on time. You can also provide proof of your job to prove stable and good income.

Apply for a lower loan amount

When your CIBIL score is low then you should apply for a low amount personal loan. A lower amount reduces the risk of the bank and the bank may easily give you a personal loan because the lower amount is easier to repay.

Have a guarantor or apply with a co-applicant

If you have a low CIBIL, then take a guarantor with you while applying for a personal loan, or choose a person who has a good CIBIL score. This will increase the credibility of your application and increase your chances of getting a personal loan.


However, the thing to be noted here is that if you are unable to repay the loan due to any reason, then your guarantor or your co-applicant will have to repay the loan.

Check your credit reports and look for mistakes

People with low CIBIL need to check their credit reports from time to time and review their financial information and errors related to loan repayment.

If you correct these errors, your CIBIL score will also improve and you will be able to easily take a personal loan in the future.

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