Utility: No matter how bad the CIBIL score is, you will get an instant loan, use these 10 tricks!


Due to Corona, many people are facing a financial crisis. In such a situation, some people are also taking loans. If you are also trying to take a loan but are unable to get a loan due to your poor CIBIL score or credit score, then there are 10 options for this.

Lending institutions and banks also consider the current salary and income along with the CIBIL score. If you have a low credit rating, you can prove your ability to repay the loan by providing proof of income, and salary.

  • When you are in urgent need of money, it is better to apply for a loan from an NBFC instead of a bank. NBFCs also provide loans to customers with low credit scores. But their interest rates are higher than banks.
  • Lending institutions consider you a risky customer because of a low CIBIL score. Hence your loan amount should be low. You can opt for a lower amount and paying it regularly can also improve your CIBIL score.


  • If you are not getting a loan due to a low CIBIL score, then you can take a joint loan. Apart from this, you can also take a loan through a guarantor whose CIBIL score is good.
  • Some financial services companies offer loans in the form of pay advances. In this, half the amount is deducted from your salary as a loan installment. With this, you can meet your short-term money requirement. Also, the process is easy and the amount goes directly into the account
  • A loan against gold is a secured loan. There is very little paperwork involved. Also, the bank does not check the credit score in this regard. It gives loans up to 75% of the current gold price.
  • The post office or bank can give you a loan on FD. Generally, the interest rates are one or two percent higher than the interest rate available on FDs.
  • The loan can also be obtained against insurance policies. Its interest rates are also lower as compared to personal loans. The insurance policy is to be handed over in the name of the bank. If you repay the loan, the bank reassigns the insurance policy in your favor.
  • The practice of peer-to-peer lending is growing rapidly in India. The loan can be taken even if the credit score is not good. Interest rates can be high. Also, you can apply for a loan with a co-applicant and get the loan even with a bad credit score.
  • The CIBIL score also deteriorates due to the mistakes of the banks. To avoid this, you should check your CIBIL score once every six months. Fraud can also lower your credit score. Contact banks for this.