Instant personal loan is a good scheme for middle class people, if they are in trouble for unexpected financial problems. But the procedure to apply personal loan is not quite easy because it may take 1 to 2 days. Your bank history and CIBIL score should also be good for applying the personal loan. But if you are not getting personal loan due to bad cibil score.
Then this article will very helpful for you because we are discussing about low CIBIL score personal loan in this article. We will also share with you the procedure to apply online personal loan with low CIBIL score 2026.
Low CIBIL Score Personal Loan
CIBIL score is 3 digit number which is provided by the bank and financial companies to their customers. The range of CIBIL score is between 300 to 900. Maximum score is the indication of maximum trustability of the customer. If your CIBIL score is more than 750 then it will be calculated a good CIBIL and you will get higher amount of loan with low interest rates from any company and Banks. But if your CIBIL score is less than 550 then it will be calculated in the bad CIBIL or Low CIBIL score.
There are various factors which decrease the CIBIL score of the customer. The most common mistake customers make is not repaying their loan on time and using their entire credit limit. If you are also doing these practices then your CIBIL score will decrease and you will face problem while appying for personal loan also banks will provide personal loan with high interest rates between 15% to 37% annually.Â
Eligibility Criteria for Low CIBIL Score Loan
- Applicant should be Indian citizen
- The age of the applicant should be more than 21 years old.
- You should have a regular source of income from your salary or business
- The applicant should not engage with other loans from any company.
- You have to pay higher interest rates while taking bad CIBIL score personal loan. it may be between 15 to 37% according to your eligibility.
Documents for Low CIBIL Score Loan
You need to upload the following documents at the time of applying online for bad CIBIL score personal loan:
- Aadhar card
- Pan card
- Bank account detail
- Last six month bank statement
- Source of income proof
- Mobile number of the applicant and email ID
- You should have a smartphone with internet connectivity
Low CIBIL Score Personal Loan Applying Online Procedure
The Airtel flex credit mobile application is one of the useful mobile application which is providing personal loan to their customers over their bad CIBIL score. You can get maximum 9 lakh personal loan through online mode by using Airtel flex credit mobile application. Where are currently three lending partners with the bank which are providing suitable loans to bad CIBIL score customers. Follow this procedure to apply online for bad CIBIL score personal loan:
- Open the Play Store or App store mobile application in your mobile phone and install Airtel flex credit mobile application.
- Register Yourself by entering your mobile number and personal details
- Now you have to enter your banking details and apply for E KYC.
- You need to upload the above mentioned document
- After this you will receive the loan approval from the bank in the dashboard of mobile application.
- Click on the apply now link and read all the terms and conditions for the personal loan for a bad cibil score.
- Select the loan amount and select the EMI option in this mobile application and click on the apply link
- you will receive OTP message in your mobile phone from the bank which you have to enter on the mobile application.
After this your application will successfully submitted and you will get the loan amount in your bank account. you should remember that the bank will deduct processing fees and other charges from the loan amount and after that provide you the rest of the amount in your bank account. If you are applying for the first time from this mobile application then you will receive low amount in the personal loan.
Once you have successfully submitted the loan amount to the bank after that you will receive the notification to apply for higher loan amount in bad CIBIL score personal loan. The company will also improve your CIBIL score if you timely submit the loan amount to the bank so after that you can take personal loan from anywhere with good CIBIL score.
| Home page |