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Loans For People With Low Credit Score
Your journey from rejection to approval of loans begins here !
Credit Sudhaar Finance is an NBFC (Non-Banking Financial Company), which offers loans to people, who have low credit scores and are struggling to break a cycle of poor credit.
Loans are the hope that everyone sees in order get their dream come true much before expected. May it be education, which they thought they could never afford, or a house which they thought could buy 15 years later, a car they thought they would buy 5 years later, a big wedding which seemed impossible, a perfect holiday which was dreamt for years could be managed to go to this year than 2 years later! And all this because the loans are available. Starting from a home loan, education loan, auto loan, business loan upto Personal loan. There are different loans for different purposes.Learn more
A medical emergency, wedding, travel, renovations, buying an asset are few of the instances when one may require additional funds than they already have. A personal loan can act as a boon at those times. However, things are not as easy as they look like. There so many criteria that banks or the NBFCs or the financial institutions check before approving the loan application.Learn more
The finance and credit has undergone a complete change over last few years. From being a process that would need maybe weeks to get a status update from bank to one that would take just a few clicks and a few minutes for the loan to get processed and disbursed, the accessibility to credit has become highly easy. While it is a boon for people who are in need of funds but it can also become a burden if not managed properly.Learn more
What is the first thing that one must do if one is planning to take a car loan, home loan or a personal loan? It is to find out the eligibility criteria for the loan and the factors that the lenders consider to evaluate the loan application. For example if one is planning to take an HDFC personal loan, there are certain requirements relating to the age, income, employment status and CIBIL score of an applicant that he must meet in order to get a particular loan amount sanctioned. These factors help the lenders to understand the financial standing and the ability of a person to repay the loan.Learn more
Your credit score is a measure of your financial health. A good score of 750 and above out of 900 can open doors of lenders for you, when you are in need of credit. As a financially conscientious individual you are careful about your credit behaviour. However one fine day, upon checking your credit report prior to applying for a loan, you find that your credit score has registered a sudden fall. Here are the possible reasons why.Learn more
Yes, getting a loan in individual capacity is definitely possible despite having a bad credit score. Credit Sudhaar Finance has introduced "Plus Loans" product for individuals who have stressed credit history owing to mistakes made in past.
Loan application can get declined for various reasons. The credit score or credit status is one of those. But borrower's credit score also happens to be the most important and dominant reason impacting the outcome of a loan application. The other reasons for decline could be failed verification, incomplete documentation apart from the credit policy of the bank.
The low credit score generally leads to rejection of loan application. Credit Sudhaar Finance has introduced an innovative product that aims to extend loans to those who have low credit score. Irrespective of the reason for low credit score, including delinquent accounts, Credit Sudhaar Finance will evaluate the application and will lend if the borrower meets the laid down criteria.
There are plenty of options on the market for people with limited credit history. Shop around to find the card with the lowest APR and fees you can qualify for. If you are having trouble being approved for cards, consider a secured credit card that requires a security deposit or ask a parent to add you as an authorized user on his or her card.
You can withdraw your credit report from any of the credit bureaus as many times as possible. This will not have any bearing on your credit score. However, the enquiries made by lenders can impact the credit score.
There is no particular loan defaulter list. The underwriting is based on the data available on applicant's current and past accounts available on the credit bureau report.