What is Loan for Low CIBIL?

Being a highly reliable NBFC in India, ActoLoanoffers ‘Loan for Low CIBIL’ to those salaried individuals with a not-so-ideal credit history or a low credit score. We truly understand that financial requirements may arise for anyone, regardless of their credit score. Secondly, we also understand that a low/poor CIBIL score does not always reflect your present repaying capacity. Therefore, we don’t evaluate your eligibility for obtaining a personal loan based on your CIBIL score.

How do we evaluate your eligibility, then? We take notice of your recent credit history/recent repayment habits. If your recent track record is satisfactory, you can easily avail yourself of a personal loan from us. For instance, you defaulted on a loan a few years ago, resulting in a slump in your CIBIL score. However, you took two or three loans following that and have successfully repaid the amount on time; that’s enough for us to consider your application and help you get instant funds right into your bank account.

Unfortunately, Banks don’t offer loans for Low CIBIL due to the credit risk, and therefore, they reject such applications upfront, closing their doors for any financial help. But a huge thanks to NBFCs and digital lending platforms, such as ActoLoan, that they extend their helping hand when you need funds the most. With ActoLoan, you can secure a personal loan of up to 1 LAKH in just 10 minutes by applying through PAN, Aadhar and Bank Statement. The best part is that our personal loans are collateral-free.