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Bad Cibil Loan App List for You
Contents
- 1 Bad Cibil Loan App List for You
Nowadays one of the most important things along with having financial freedom is having a good credit score. It can affect the financial status of any individual and make them avail from good or bad loan opportunities.
Bad CBIL (Credit Information Bureau Limited) score is an important score which helps in getting approval of personal loans. But there is a list of some fraudulent loan applications that can be used to access personal data in an illegal manner. In this article, we will discuss the list of bad CBIL loan applications in detail and suggest you to be cautious.
Must Read: 7 Days Loan App List 2023: Avoid these Loan App
Meaning of bad CBIL score
What is credit score?
A credit score is a numerical value assigned by financial institutions based on your financial history and behavior. It reveals your ability to repay the loan and measures your financial prudence.
Effects of Bad CBIL Score
A bad CBIL score means that your credit score is generally low and financial institutions may reject your applications. This may create difficulties in meeting the standard terms of your loan and you may find it difficult to avail loans at higher interest rates.
Eligibility criteria for Bad Cibil Loan App List
- You must be an Indian citizen
- You must be above the age of 21
- Your Income proof
- Minimum monthly salary of Rs.15,000 β Ra.18,000 (based on Metro or non-Metro cities)
Here 25+ Bad CIBIL Loan App List
Here is a Bad Cibil Loan App List:
App Name | Interest Rate |
mPokket | 0% β 4% p.m. |
LazyPay | 16% β 32% p.a. |
Money View | 16% β 39% p.a. |
Bajaj Finserv | 12% β 34% p.a. |
Home Credit | 18% β 56% p.a. |
SmartCoin | Upto 30% |
CASHe | Upto 30.42% |
NIRA | 24% β 36% |
KreditBee | Upto 29.95% |
PaySense | 16% β 36% p.a. |
MoneyTap | 13% p.a. |
PayMeIndia | 18% β 36% p.a. |
Dhani | Upto 42% p.a. |
Early Salary | 15% β 40% p.a. |
India Lends | 10.25% β 25% p.a. |
Paytm Pay Later | 10.5% β 485 p.a. |
Zest Money | 3% β 36% p.a. |
DigiMoney | 19% β 34% p.a. |
IndusMobile: Digital Banking | 18% β 39% p.a. |
Mystro Loans & Neo Banking App | 15% β 36% p.a. |
Kissht | 18% p.a. onwards |
Prefr | 18% β 36% p.a. |
Fair Money | 12% β 36% p.a. |
Pay With Ring | 14% β 28% p.a. |
Bueno Loans | 20% β 52% p.a. |
Pocketly | 14% β 39% p.a. |
Bajaj Markets | 14% β 52% p.a. |
Indialends | 10.25% β 25% p.a. |
How To Apply For Personal Loans On Bad Cibil Loan App List
Step 1: Download the mobile application of the lender, directly from the Google Play Store or App Store.
Step 2: Register for a new user. After the process, you will provide the information such as name, address, id proof and email.
Step 3: This step sets the credit limit.
Step 4: Once completed, upload your KYC paperwork for the personal loan agreement.
Step 5: Then enter your bank details to get a personal loan. Then fill out an application form.
Step 6: The money will be sent to your specific bank account immediately after the approval.
Why Due Diligence Is Necessary In Loan Applications?
Bad CBIL loan applications list shows which can be out there among various loan applications that combine personal data and can use your CBIL information unauthorisedly. By exercising caution, you can avoid such loan applications and ensure the safety of your financial data.
How to identify bad loan applications?
In order to spot bad loan applications, you need to look for some key signs to identify them. Some of these are:
- Exorbitant interest rates: If a loan application promises you a loan at exorbitant interest rates, it could be a sign that it might be scammed.
- Anti-social media profiles: Be careful if the loan application website or social media profiles are anti-social and do not reflect credibility.
- Unexpected Demands: Stay away from any loan application that makes unexpected demands or demands for deposit of payment.
How to Choose Secured Loan Applications?
- Complete Details: Before using any loan application, get complete details and check its credibility.
- Reviews and Ratings: Check the effectiveness of the loan application by looking through reviews and ratings from other users.
- Security: Security should be the priority for the loan application. This will ensure that your personal data is properly protected.
frequently Asked question
Can I get a loan with a bad CBIL score?
No, getting a loan with a poor CBIL score can be difficult as financial institutions can generally reject your application.
Can I improve my CBIL score?
Yes, you can improve your CBIL score. It may take time, but success is possible.
Are all loan applications risky?
No, not all loan applications are risky. But it is important to be vigilant and check credibility.
Can I use online loan applications?
Yes, you can use online loan applications, but be sure that you choose a safe and reliable option.
Can I use any website to find my CBIL score?
Yes, many websites provide the services of checking your CBIL score, but be sure that you use a reliable and authorized source only.
conclusion
Bad Cibil Loan App List: It is essential to be vigilant to avoid bad CIBIL loan applications, so that your financial data remains secure and you are able to achieve your financial goals. It is important to be cautious to avoid bad CBIL loan applications. Taking care of a good credit score and using safe loan applications can help you secure your financial future.