Can you get a personal loan with low CIBIL score

26/04/2022 Financial & Legal Services

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When evaluating your personal loan application, certain lenders will take into account your CIBIL score as well as other qualifying criteria. Can you borrow money if your CIBIL rating is poor or low? The Credit Information Bureau (India) Limited is what the name CIBIL implies.

Other than TransUnion CIBIL (its formal name), there are other credit agencies such as Experian, Equifax, and CRIF High Mark. The credit score is a three-digit number that ranges from 300 to 900 and indicates the borrower's capacity to pay back debts. This rating is determined by borrowers' financial institution history, which are provided to these credit agencies by lenders.

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