Low Credit Score Personal Loan

Personal Loan for Low Credit (CIBIL) Score Customer

This won't impact your CIBIL score
* Conditions Apply

Is it Possible to get a Personal Loan with Low Credit (CIBIL) Score? Yes, why not?

Low Credit (CIBIL) score does not necessarily mean bad credit. It can also be attributed to insufficient loan or credit card footprint. Typically, at young age we start with one or two credit card and may be a two-wheeler loan. Credit Score in such circumstances are on the lower side, so if bank or NBFC has CIBIL cut off based rejection criteria then your case automatically moves to rejection tray.
At LoanTap we look at every customer in totality. Everything carries a weightage – salary, banking habit, nature of job, job stability, residence stability and of course Credit Score. Because of human angle involved, over and above machine learning our approval rates are better.

Get Started

So, stop worrying and avail Personal Loan from LoanTap, this will also help you improve your credit rating.

Easy Online Process

Minimal Manual Transactions

Turnaround Time

Cash Transfer Within 36 Hrs

Minimal Documentation

Loan Processed With Minimal Documents

Nil Foreclosure Charges

No Foreclosure Charges Applicable Post 6 Months

Check My Rate

So Simple

Three easy steps to disbursal

Online sanction

Fill your information online, and upload or mail basic docs as per your convenience.

Record your preferred time for Representative Visit

Download documents as per checklist, sign and handover to our representative

Seek Disbursal

Once the document reaches our office, post verification we will activate disbursal

Product Suite

EMI Free Loan EMI Free Loan
Personal Overdraft Personal Overdraft
Personal Loan Personal Loan
Credit Card Takeover Credit Card Takeover
Advance Salary Advance Salary
Rental Deposit Rental Deposit
Wedding Loan Wedding Loan
Holiday Loan Holiday Loan
Premium Bike Loan Premium Bike Loan
Being Human ECycle Being Human ECycle

Frequently Asked Questions

Do I have an option to pre-close the loan?
Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges
How much is the processing fee for availing this loan?
Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.
Can I make part payments/higher payments towards my loan outstanding? Any charges applicable?
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.
Where do I see my outstanding balance?
You can check your loan details by accessing “My Account” feature on our website. You will need to login using your registered email ID.