Personal Loan for CIBIL Defaulters
Personal Loan for CIBIL Defaulters How a Defaulter can get a Personal Loan? Follow these factors that may help you get a personal loan even if you are a CIBIL defaulter: 1. Good Salary If you have a good income presently, you are bound to have improved repayment capacity. This should go a long way to gather an approval on your loan application irrespective of your CIBIL score. 2. Partner’s CIBIL/Credit Score If your CIBIL/Credit score is poor and your husband/wife has got a good CIBIL score, then you may ask for their assistance. You can get your loan application approved by making your spouse a joint loan holder. 3. Collateral Loans You will be allotted loan on collateral such as assets, shares, gold, FDs. There are many other products available as well. Banks don’t complete the process of generating CIBIL report for such instruments. 4. Loan Backed by a Guarantor If you are now financially stable but your credit score isn’t, you may still get approved for a loan if you have a g...