Multiple banks. Different interest rates. Call it a "conflict of interest".
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    How to get Personal Loan for CIBIL Defaulters

    We found 32 How to get Personal Loan for CIBIL Defaulters

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    1% to 2.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.59% - 18.49% Fixed
    2.25% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.25% Fixed
    0 One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    How to get Personal Loan for CIBIL Defaulters is Rated as "Great!" by 73694 Users

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    Personal Loan for CIBIL Defaulters

    The need for money can arise at any time, and the lack of it can be an impediment to our way of living. Finding resources to cater to financial requirements aren’t very hard these days, thanks to banks offering a plethora of loans. While the process of availing a loan has become easier, getting a loan isn’t a guarantee, for banks do a thorough check before signing that cheque. One resource which almost every banks relies on is the CIBIL score of an applicant, with a good score resulting in quicker approval while a bad score could see an application getting rejected.

    CIBIL Defaulter – the term and its misconception

    A lot of us come across the term CIBIL defaulter when we search for information on the internet, making us wonder about it. While it is common to come across loan defaulters (people who avail loans and are in no position to repay them), the fact is that there is NO SUCH TERM as a CIBIL defaulter. CIBIL only maintains the credit history of individuals, with no default list in place. Individuals who feel that they are on the CIBIL defaulters list can breathe a sigh of relief as there is no such list and banks do not rely on any such list when it comes to granting or denying a loan.

    The major concern one can have with their CIBIL report is restricted to errors in the report, which can be rectified by contacting CIBIL.

    Can CIBIL defaulters get a Personal loan?

    As mentioned above, the term CIBIL defaulter does not exist in the books of CIBIL and individuals should know that this has no bearing on their personal loan application. What can affect an application is the score, with it being hard for people to get a loan if their CIBIL score is on the lower side. So in order to truly understand the concept, we will need to rephrase the question, asking “Can individuals with a low CIBIL score get a loan?”

    The answer to this question is yes, people can get a personal loan even if they have a low CIBIL score or do not have a CIBIL score altogether.

    How can one get a personal loan with a low/no CIBIL score?

    While banks generally look at the CIBIL score of an applicant before sanctioning a loan, individuals who have a low CIBIL score or do not have a CIBIL score needn’t worry, for it is still possible for them to get a personal loan. Here are some tips one can use to ensure that the CIBIL score doesn’t come between them and their financial dreams.

    • Apply for a secured loan – Banks are hesitant to provide unsecured loans to people without a CIBIL history, but opting for a secured loan can increase the chances of it being approved. The security a borrower provides in exchange for the money is sufficient for banks to overlook the CIBIL aspect.
    • Apply for a loan through your family member – Individuals without a CIBIL score or a low score can ask their family members (spouse/parent) who has a decent score to apply for a loan. While the loan is on someone else’s name, the immediate requirement for finances can be met.
    • Provide salary details – Banks look for the repayment capacity of an individual before granting a loan, and if you have a high salary it could make loan repayment easier. In such cases, banks do not insist on the CIBIL score and you could get a loan without additional hassles.
    • Take high interest loans – A number of banks could overlook the CIBIL score (or the lack of it) by charging a higher interest rate on such loans. Availing these loans depends on other factors like repayment capacity, annual income, financial constraints, etc.
    • Borrow from companies – Unlike banks, companies do not have very strict guidelines when it comes to offering loans and individuals can get a personal loan from them without having to worry about their CIBIL score. Loans availed from companies come with higher interest rates and could require some sort of security.

    Getting a loan isn’t impossible in today’s world, but having misconceptions about certain terms like CIBIL defaulter can hold one back from living their dreams. Clarity, focus and some research can ensure that your financial requirements are met without hassle.

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  • How to get Personal Loan for CIBIL Defaulters Reviews

    • Bank Bazaar Customer Support
      "Easy to accesss"
      0.5 4.0/5 "Great!"
      Bankbazaar.com is good and its satisfactory too, also I got the call from them immediately. They are prompt in service towards the customer and am using it from the last one year of time. Website of the Bankbazaar.com is easy to access.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • Bank Bazaar Customer Support
      "User friendly"
      0.5 4.0/5 "Great!"
      When customers are reaching bankbazaar.com for any kind of financial product, the bank bazaar really helps the customers and supports the customers to get product with the different bank partner. It would be great if the bank partners also gives service like bank bazaar. Bank bazaar web portal is easy to use and I can say it user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • Bank Bazaar Customer Support
      "Overall good"
      0.5 4.0/5 "Great!"
      Overall , Bankbazaar.com have provided the good experience and am using it from the last one month of time. I came to know about Bankbazaar.com through internet. I would like to say that the website of the Bankbazaar.com is easy to access.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • Bank Bazaar Customer Support
      "Good in Response"
      0.5 4.5/5 "Excellent!"
      I received very good response from bankbazaar. Website is good to access and I am using bankbazaar app which is very much useful to get to know about the financial products. I frequently use the app to check the loan details. They are playing good role in the financial world.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Need to focused a lot on improvement"
      0.5 1.0/5 "Really Bad"
      CITIBANK, while explaining the personal loan, they explained in a processed way and told less interest rate, and after that while processing the loan the have increased the interest rate, which need to be changed with Citibank. They need to be improve lot of things, while communicating with the customers. Citibank executives and the higher officials need to be trained in the processed way to communicate with their customers.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have not got the personal loan with the Tata capital limited because of some documentation reason. They have asked me to provide six cheque leaf to process the application but I was lacking with that, then I have asked them to cancel the application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Good Bank"
      0.5 4.0/5 "Great!"
      When I applied for a personal loan with HDFC bank, my credit score is not been updated so I could not able to avail the loan. I am waiting for a month, after which I will apply for the loan again. Everything was good with HDFC like their responsiveness and their customer service too.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • Bank Bazaar Customer Support
      "Average"
      0.5 3.5/5 "Pretty good"
      It would have been better if the response was more sooner from Bankbazaar.com, and most of all the terms and conditions on the portal could be updates with that of the banks. Else I had no hassles and the process of follow up calls was good and on time.
      Was this review helpful? 0
      , hosur
      Reviewed on May 23, 2017
    • ICICI Bank Personal Loan
      "Could be more flexible for corporate customers"
      0.5 3.0/5 "Satisfactory"
      The response was a bit delayed from ICICI Bank after I had applied for a personal loan. I could not proceed for the loan is because of the salary criteria. The bank had a condition of 20K as a take home. The rate of interest and the processing charges was pleasing to me.
      Was this review helpful? 0
      , hosur
      Reviewed on May 23, 2017
    • Bank Bazaar Customer Support
      "Good"
      0.5 4.0/5 "Great!"
      I got the call from the Bankbazaar.com in the same day itself from the day of my inquiry. Customer service is good with the Bankbazaar.com and they have connected me with the bankers for my financial inquiries. I have not faced any hassles with them till now.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Excellent deal on the ROI"
      0.5 3.5/5 "Pretty good"
      Since I am a corporate customer, Citibank did not have much of a documentation for the personal loan. The process was quick and smooth. The deal on the interest rate was good as I got a rate of 10.99% which was the lowest when compared to other banks. The processing charges was minimal.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      There was no necessity to get the personal loan on that time because I had sorted out the reason for the personal loan. Rate of interest was around 11.99% for the personal loan with the HDFC bank and the customer services are always good and the response is very good too.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I got proper information from bankbazaar for the loan process. I did not find any hassles with bankbazaar at any point of time. They are good in followups and they promptly provided updates on the status of the application at regular intervals.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      Interest rate for the personal loan is 11.29% with HDFC bank. They done with the process in five days. The processing fee for the loan is around 999. I am very much happy with HDFC bank for the loan. The customer service of HDFC bank is really a standard one.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on May 23, 2017
    • ICICI Bank Personal Loan
      "High Interest Rate"
      0.5 3.0/5 "Satisfactory"
      Interest rate is on higher end with ICICI bank for the personal loan. Processing fee is also high with them. But the customer service is too good and it is approachable. As the charges are high with ICICI bank I moved to HDFC bank where I got low interest rate for personal loan.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on May 23, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      There were no hassles at Bankbazaar and I am happy with the overall experience. The team was prompt in contacting me and I also like the way the process was handled with the follow up calls. The website was excellent and the best to visit before taking a loan.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 23, 2017
    • Standard Chartered Bank Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      Since I did not require the funds, I went ahead and cancelled my personal loan request at Standard Chartered bank. The bank was on time in contacting me and giving me details. The rate of interest was high, it was around 12.99% where as there are banks offering me 10.99%.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 23, 2017
    • Bank Bazaar Customer Support
      "Good"
      0.5 4.0/5 "Great!"
      Bankbazaar.com is good and they have contacted me immediately after I have done up with my inquiry. I am using Bankbazaar.com from the last one year of time and I like the response with them and the customer service is good too.
      Was this review helpful? 0
      , silchar
      Reviewed on May 23, 2017
    • HDFC Bank Personal Loan
      "Need to improve"
      0.5 2.0/5 "Expected more"
      From HDFC bank bank, nobody have contacted me for the personal loan and I have seen the interest rate as 14% for the personal loan, also am okay with that. I would like to suggest that they need to contact the customers, if they are interested in the products.
      Was this review helpful? 0
      , silchar
      Reviewed on May 23, 2017
    • Bank Bazaar Customer Support
      "Need some improvement"
      0.5 2.5/5 "Just OK"
      I am using Bankbazaar.com from the last two months of time and the website is easy to access. I have got the call from the Bankbazaar.com within two to three hours of time from the time of inquity, also i would like to recommend Bankbazaar.com to my friends.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 23, 2017
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