Personal loans can be incredibly helpful. These unsecured loans are versatile and usually disbursed quickly and are versatile. But if you have a low or bad credit score wherein your credit score is lower than 700 then getting a loan might be harder.
But every problem has a solution and in this case, personal loans from Moneyview is your answer.
What are Bad Credit Loans?
When someone with a low credit score takes out a loan, it is referred to as a bad credit loan. In order to easily get, one must have a credit score of 750 or more. But this may not be possible for everybody.
The good news is that digital lending platforms such as Moneyview give access loans to even those with low credit. So, if you’re looking at loans for bad credit, you know where to apply.
Eligibility Criteria for Bad Credit Loans Online
If you have a low credit score, you can still avail of a personal loan from Moneyview if you fulfill the eligibility criteria given below -
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Applicants must be between 21 years and 57 years
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Applicants must receive an income of Rs. 13,500 or more*
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Income must be credited directly to the applicant's bank account
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Credit score must be a minimum CIBIL score of 650
Given below is a city-wise breakdown of the income and credit score requirements -
Fees and Charges for Bad Credit Loans from Moneyview
Personal loans through Moneyview for bad credit come with competitive interest rates and have no hidden charges whatsoever. Our lending partners' fees and charges are -
Documents Required for Bad Credit Loans Online
Our partner lenders generally don't require additional documentation. However, if there was any change in your income in the recent past, you may have to provide income verification.
Conclusion
Individuals may end up with a bad credit score due to a number of reasons. Additionally, moving from a bad credit score to a good credit score takes some time.
However, the need for credit could come up at any time. If you have a low credit score then do not worry, with personal loans through Moneyview, you can still get a loan for bad credit. Thanks to our lending partners' unique credit rating model, we require applicants to only have a CIBIL score of 650 or more.
