CIBIL Defaulters Can Avail Personal Loan. Here’s How

A score of 750 or more is considered to be good and bags you a more competitive interest rate and other terms on a personal loan. In contrast, a score below 750 implies that you are not a creditworthy borrower and may default on loan. To make up for this risk, lenders charge higher interest rates. Sometimes, they may even reject your loan. But fret not, because there are certain ways by which you can get a personal loan with low CIBIL score.

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