Personal Loan with Low CIBIL score

Find Top Bank Loan Consultants for Low Cibil ScoreĀ 

Do you have plans to borrow personal loans? But you are stuck up with Low CIBIL score ? No worries. One can get Personal loan with Low CIBIL score too.

How to get Personal Loan with Low CIBIL score ?

ā€œPersonal loans give you a ray of hope in your lifeā€

Criteria for personal loan eligibility

It is true that many banks do not encourage borrowers with low CIBIL score. But CIBIL score alone is not the single criteria for personal loan eligibility. It depends on various other factors. It may be like funding amount, rate of interest, tenure and other terms.

How to get Personal Loan with low CIBIL score ?

How CIBIL score can impact personal loan approval ?

Many borrowers do not know what is a personal loan & what is a CIBIL score.Ā They are not aware about how CIBIL score can impact their personal loan approval. In the following write-up we help you understand the same in simple common man language.

Personal loan – no security finance offered by banks and NBFCs

Letā€™s come to the first question what is a personal loan. Personal loan is no security finance offered by banks and NBFCs. No asset is necessary as collateral for borrowing personal loan. It varies on the loan amount from bank to bank. The borrower has to make the repayment with interest over the agreed period. Personal loans get expedited within no time with least loan formalities.

no collateral or guarantor, personal loan smart finance option

When you need fast money with no collateral or guarantor, personal loan is a smart finance option. Borrow personal loans for any of your personal reasons. It may be medical surgery, kids school admission or family emergency. Be it any kind of emergency or personal needs, borrow personal loan.

Personal loan with low interest

Go for personal loan when you have desperate needs of finance. When have no time to visit banks or lenders and do paperwork, Get personal loan. Opt for personal loan with low interest when you have no assets with you to pledge as loan security.

CIBIL Score for Financial credibility.

Coming to the next question, What is a CIBIL Score? CIBIL score is the credit rating of a borrower. It is like how a personā€™s height gets measured in inches, feet or centimetres. Credit info companies assess borrower to derive their financial credibility. They give credit score. Many banks and NBFC in India depend on CIBIL score or points.

importance of CIBIL score in Banks and financial institutions

CIBIL score is the Credit score evaluated by Transunion CIBIL Limited. CIBIL Score gets determined based on various factors. It indicates the credit worthiness of a borrower. Banks and financial institutions give more importance to the CIBIL score. This credit score helps banks & lenders to assess the risk involved in loan recovery.

importance of CIBIL score in Banks and financial institutions in Chennai India

CIBIL score is a three digit number. It can be between 300 and 900. Credit score above 700 in general known to be good. It varies from bank to bank.

Are CIBIL score and Credit score same?

Many people think Credit score and CIBIL score are same. To some extent it is right. Both the scores reflect the financial credit worthiness of a borrower. But CIBIL score is from Transunion CIBIL Limited. But credit score is from other credit info companies. For example Equifax, Experian & High Mark provide credit score. CIBIL score is one of credit score ratings too. These companies have their unique credit rating systems. They have unique pointing system to determine financial credibility.

How CIBIL score can impact personal loan approval ?

CIBIL score is one of the important factor to get your loan approval. It is like how a person in evaluated for a job based on his technical, communication and other skills. Lenders analyse loan application based on loan amount, credit score, income and collateral.

Less risk involved in loan recovery

High CIBIL score indicates there is less risk involved in loan recovery. A Lesser CIBIL score indicates that there are more risk involved in loan recovery from the borrower. A good Credit score helps you to get huge funding at low rates with no collateral and fast money in your account.

Some banks prefer clients with high credit score. But many banks are ready to offer personal loans with low credit score too. But this comes with a price. They may charge more interest rates with extra charges or fees. The loan terms vary due to low credit score

How to get personal loan with low CIBIL score in Chennai ?

It is common that lenders check last 6 months credit score of a loan applicant. They prefer to have a client with good credit score. But there are some banks who do not give too much weight-age to credit score. But this may cost you more. S & P Bank Loan Services offer the best Personal Loan with Poor Cibil Score in Chennai, India.

Simple and easy personal loan with low CIBIL score

Getting personal loan with low CIBIL score is simple and easy with S & P bank loan consultants. Based on your personal loan eligibility we can enlist loan options and products. We have connections with leading banks and financial institutions. Our loan consultants are professional Advocates, Chartered accountants and finance experts.

Loan processing support

S & P bank loan consultants can offer you end to end loan processing support. Top Personal Loan Consultants go the extra mile to help you understand various loan offers. We recommend and advice you to choose the loan option based on your cash flow. Our consultants have decades of experience in handling loan products. We have served all kinds of clients across various industrial sectors.

Eligibility for personal loan for low credit score

The basic factors to apply for personal loan are ā€“ applicantā€™s age should be above 21 years and below 60 years. They can be salary staff or self employed person. Monthly income at least above Rs. 25000. EMI repayment with interest has to be at least 65% of income. Credit score and credit report if available.

Personal loan proposals based on your eligibility

The eligibility for personal score varies from bank to bank. We can match you with many loan proposals based on your eligibility.

In case of low credit score, do not worry. S & P bank loan consultants can guide you through every step of the way. Get in touch with us to check your personal loan eligibility

Documents for personal loan for low credit score

The documents necessary for personal loan approval differ from one bank to another. The following documents are handy when seeking personal loan with low credit score

  • PAN Card
  • Aadhar card
  • Identity proof.- Any one- PAN/Aadhar. / Passport/ others
  • Address proof- any one ā€“ Passport./ Driving Licence./ Voter ID or others
  • Income Proof- Latest 6 months salary slips for salaried staff or IT Returns for self employed
Which is the best personal loan with low credit score?

When choosing the best personal loan you need to consider few points. Your lender should be allow flexibility to choose right loan options . He must guide you through EMI and loan tenure. The bank that offers quick and fast funds is much preferable. You need to take loan cost also into account.

Loan interest rates, processing charges or other fees

The loan cost can be interest rates, processing charges or other fees. The total loan cost should be low for the offer at your hand. Collateral should be a constraint for personal loan. You need to have a good customer support system with your lender. Moreover, He should be able to offer tailored loans based on your needs.

Best Bank Loan Consultants for Quick and fast loan processing in Chennai India

Moreover you credit score should not have too much power on the loan offer too. As many NBFC do not consider credit score for personal loans.

The bank /NBFC that have loan offers with above features is the best personal loan with Poor credit score.

Best Bank Loan Consultants for Quick and fast loan processing

S & P bank loan consultants provide best personal loan for low credit score. In fact, We offer flexibility to our clients to choose loan options. Our qualified and experienced consultants are ever ready to guide you. The Best Finance Consultants help you get low rate loans with competitive terms suitable for you. Quick and fast loan processing is our specialty in Chennai, India. Top Personal Loan Consultants help you to get tailored loan proposals to suit your needs better.

For more info, please get in touch with our loan consultants today.

Loan Consultation in the following areas are available

North ChennaiKarambakkamKanathurErukanchery
Manali new townVadapalaniMuttukaduBroadway
Kodungaiyur EastSaligramamKelambakkamPonneri
Kodungaiyur WestShakthi NagarKovalamAthipattu
MadhavaramSri Iyyappa NagarSiruseriCoimbatore
Madhavaram Milk ColonyVirugambakkamJamaliaSholavaram
Mathur MMDAAlwarthirunagarKallikuppamMinjur
PuzhalValasaravakkamPattabiramRed Hills
MoolakadaiThirunindravurKosapetEnnore
KolathurThirumangalamWest ChennaiAvadi
Parry’s CornerThirumullaivayalAlapakkamKodambakkam
RoyapuramThiruverkaduAnna NagarThirunindravur
VillivakkamNandambakkamAnnanurIyyappanthangal
PeramburNerkundrumAgathiyar NagarKattupakkam
KorukkupetNesapakkamAmbatturPoonamallee
TiruvottiyurNolamburBhuvaneshwari NagarThirumazhisai
VyasarpadiRamapuramChinmaya NagarThiruvallur
ManaliMugalivakkamC.M.D.A ColonyPallavaram
TondiarpetMangaduDefence ColonyPozhichalur
Vallalar NagarM.G.R NagarPadiAnakaputhur
EnnoreM.G.R GardenAyappakkam.Pammal
Old WashermenpetPallavan NagarThiruvallurKundrathur
KavangaraiPorurArakkonamMangadu
New WashermenpetPoonamalleeKoratturChrompet
KorukkupetMoulivakkamMogappair EastThiruneermalai
MannadiMMDA ColonyMogappair WestKeelkattalai
George TownSouth ChennaiArumbakkamChitlapakkam
Seven WellsĀ East ChennaiAvadiTambaram
Basin BridgeMylaporePudurSelaiyur
SowcarpetPerungudiMaduravoyalMadambakkam
Park TownSholinganallurKoyambeduMedavakkam
PeriametuAlandurAshok NagarSithalapakkam
ChoolaiAdyarKK NagarKovilambakkam
VepperyBesant NagarKK Nagar WestNanmangalam
PattalamTriplicaneKK Nagar EastKarapakkam
PulinanthopeT. NagarOragadamPallavaram
M.K.B NagarThiruvanmiyurAyapakkamTambaram
Sharma NagarSaidapetPattravakkamPerungalathur
SelavoyalGuindyThirumullaivoyal northPalavanthangal
EdapalayamMadipakkamAvadi northPeerkankaranai
MAnjambakkamNanganallurRedhillsMudichur
PonniammanmeduVelacheryAjaxVandalur
SembiamTaramaniKathivakkamKolappakkam
T.V.K NagarPallikaranaiErnavurKandigai
ICF Colony northKeelkattalaiWIMCOMambakkam
CentralKovilambakkamSathangaduPudhupakkam
PadiThoraipakkamRajakadaiPalavakkam
KoratturNeelankaraiKadambakkamVaradharajapuram
Lakshmi puramInjambakkamKathirveduMedavakkam
Ambattur northChromepetMoolakothiramPazhaverkadu

 

Personal Loan Benefits

Find the Best Finance Consultants to get Quick Personal LoanĀ : Bank Loans

What are all the Benefits of Personal Loan in India ?.

Personal Loans have become the talk of the town these days due to easy accessibility. One can make use of personal Loans for personal or business needs.

Best Personal Loan Consultants

Personal Loans are popular form of unsecured Loans. No collateral is necessary for Personal Loan approval and disbursal. Contact S & P Bank Loan Services for the best offer for all types of Loans in Chennai. Find the Best Personal Loan Consultants in Chennai.

What are all the Benefits of Personal Loan in India ?. | S & P Bank Loan Services in Chennai

Need of urgent funds to meet emergency expenses

In case you are in need of urgent funds to meet emergency expenses, Personal Loan is good choice. It has simple documentation and Loan Approval process. Personal Loans are security free Loans.

Easy Loan for person of salaried class or business class

You may be a person of salaried class or business class, expenses pop out of nowhere when you least expect them. Your savings may not enough or inaccessible for time being. In such cases getting a personal Loan is a smart choice.

Attractive Personal Loans of Banks & NBFCs

Banks & NBFCs offer attractive Personal Loans. They come at low interest rates to an applicant with good credit score. You may have continuous 6 month employment with decent credit history. Then you are eligible for Personal Loan. You can get Finance credit at low interest with no collateral. Your repayment tenure can be 4 ā€“ 5 years down the line

Attractive personal loans of Banks & NBFCs | S & P Bank Loan Services in Chennai

Fixed interest rates for personal loan

Borrowing personal has host of benefits. PERSONAL LOANS get approved very fast. You can borrow utmost credit finance through Personal Loan. EMIs remain the same as the interest rates remain fixed. The interest rates are lesser than credit cards. Some banks cater to applicants with less credit score too. They are versatile Loans that one can make use of any personal or business purposes. It is good for debt consolidation.

Personal Loan can help you improve credit score when you repay on time and in full. They are your emergency backup of funds which you can safe to rely on.

PERSONAL LOAN FOR MEDICAL EXPENSES

You never know when your health or the health of your loved ones need immediate medical attention. You may be wise to take out a medical insurance earlier. But medical insurance does not approve full amount of your medical expenses. They may disallow few medical expenses. Medical insurance does not cover all types of ailments or medical procedures. They do not include pre hospitalization and post hospitalization expenses.

A person who underwent hospitalization may incur expenses prior treatment and post treatment. Thus when one faces money challenges for medical treatments. , Personal Loan for medical expenses is a wise choice.

Popular insurance companies support only Allopathy or English medicine treatments. But Medical Loans could be for any other type of medicine treatments. It can be like Varma, Ayurveda or any other ailments too.

PERSONAL LOAN FOR EDUCATION

Education is a ray of hope for a better life. A good education lays good foundation for a success employment and career. One can enjoy good standard of living through great career. But education is not cheap in reputed institutes. You may have good grades. But sometimes you may not qualify for an Education Loan. Some banks may not approve Loans for certain courses ,universities or institutes.

In other cases Education Loan may not cover all expenses during your studies. Parents never leave a stone un-turned when it comes to their childā€™s Education. You or your kids planning to study may miss out a full academic year when you do not have funds for education. Under such scenario Education Loan is a good choice. Take up your dream education and repay with monthly EMIs at best interest rates.

PERSONAL LOAN FOR EMERGENCY

Life is unpredictable. There may be out of the blue expenses, medical emergencies or cash shortages in oneā€™s life. These are the most dreaded problems of oneā€™s life. At one time or other many people face these scenarios. Securing funds can be at times difficult for the borrower. Under such case borrowing Finance for emergency is a smart move.

PERSONAL LOAN FOR EMERGENCY | S & P Bank Loan Services in Chennai

Find the Best Finance Consultants to get Quick Personal Loan

Personal Loans for emergencies do not need collateral. They have low interest rates than credit cards. The can be repaid with fixed EMIs. You get funds quick and fast.

Top Personal Loan Consultants in Chennai

There is no fixed amount of finance range for emergency Personal Finance. This Loan market is under regulation of SBI and RBI. Hence you are safe to borrow Personal Loans for emergency needs.

Loan Consultancy areas Served
North ChennaiKarambakkamKanathurErukanchery
Manali new townVadapalaniMuttukaduBroadway
Kodungaiyur EastSaligramamKelambakkamPonneri
Kodungaiyur WestShakthi NagarKovalamAthipattu
MadhavaramSri Iyyappa NagarSiruseriCoimbatore
Madhavaram Milk ColonyVirugambakkamJamaliaSholavaram
Mathur MMDAAlwarthirunagarKallikuppamMinjur
PuzhalValasaravakkamPattabiramRed Hills
MoolakadaiThirunindravurKosapetEnnore
KolathurThirumangalamWest ChennaiAvadi
Parry’s CornerThirumullaivayalAlapakkamKodambakkam
RoyapuramThiruverkaduAnna NagarThirunindravur
VillivakkamNandambakkamAnnanurIyyappanthangal
PeramburNerkundrumAgathiyar NagarKattupakkam
KorukkupetNesapakkamAmbatturPoonamallee
TiruvottiyurNolamburBhuvaneshwari NagarThirumazhisai
VyasarpadiRamapuramChinmaya NagarThiruvallur
ManaliMugalivakkamC.M.D.A ColonyPallavaram
TondiarpetMangaduDefence ColonyPozhichalur
Vallalar NagarM.G.R NagarPadiAnakaputhur
EnnoreM.G.R GardenAyappakkam.Pammal
Old WashermenpetPallavan NagarThiruvallurKundrathur
KavangaraiPorurArakkonamMangadu
New WashermenpetPoonamalleeKoratturChrompet
KorukkupetMoulivakkamMogappair EastThiruneermalai
MannadiMMDA ColonyMogappair WestKeelkattalai
George TownSouth ChennaiArumbakkamChitlapakkam
Seven WellsĀ East ChennaiAvadiTambaram
Basin BridgeMylaporePudurSelaiyur
SowcarpetPerungudiMaduravoyalMadambakkam
Park TownSholinganallurKoyambeduMedavakkam
PeriametuAlandurAshok NagarSithalapakkam
ChoolaiAdyarKK NagarKovilambakkam
VepperyBesant NagarKK Nagar WestNanmangalam
PattalamTriplicaneKK Nagar EastKarapakkam
PulinanthopeT. NagarOragadamPallavaram
M.K.B NagarThiruvanmiyurAyapakkamTambaram
Sharma NagarSaidapetPattravakkamPerungalathur
SelavoyalGuindyThirumullaivoyal northPalavanthangal
EdapalayamMadipakkamAvadi northPeerkankaranai
MAnjambakkamNanganallurRedhillsMudichur
PonniammanmeduVelacheryAjaxVandalur
SembiamTaramaniKathivakkamKolappakkam
T.V.K NagarPallikaranaiErnavurKandigai
ICF Colony northKeelkattalaiWIMCOMambakkam
CentralKovilambakkamSathangaduPudhupakkam
PadiThoraipakkamRajakadaiPalavakkam
KoratturNeelankaraiKadambakkamVaradharajapuram
Lakshmi puramInjambakkamKathirveduMedavakkam
Ambattur northChromepetMoolakothiramPazhaverkadu