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Cheap loan: Whenever you go to the bank to take a loan, the bank first checks your CIBIL score. In such a situation, if your CIBIL score (cibil score range) is bad, then no bank is ready to give you a loan.

But now you do not need to worry at all because we are going to tell you about some such methods, with the help of which you will get a loan even if your CIBIL score (how to take a loan on a low cibil score) is bad. Let's know about this.

You can take help with a joint loan-

If the CIBIL score is bad, the option of a joint loan (joint loan kaise le) can be adopted. In this, you can take the loan together with any other member of the house. For this, it is very important for the CIBIL score of the other member (CIBIL Score required for loan) to be good.

Having a good CIBIL score means that it should be 750 or more. In a joint loan, you can also take a loan with a friend or relative. If your CIBIL score is bad and your CIBIL score is good, then that person can become a guarantor and get you a loan very easily.

Gold loan option can be great-

Gold is a special metal used in emergencies. Due to the ever-increasing inflation, the price of gold is increasing. Due to this, it can easily fulfill your big need. Even if the CIBIL score (Gold loan on CIBIL Score) is bad, you will get the loan on gold.

For information, let us tell you that a gold loan is a secured loan. Because of this, banks or other financial institutions easily give gold loans. You get loans very easily at up to 75 percent of the value of gold. You can get more money if you need more money but the interest (interest rates on gold loan) rates will be that much higher.

You can avail loan on salary-

If you are salaried, then you do not need to worry about your CIBIL score for a loan. In such a situation, even if your CIBIL score gets spoiled, you will still get the loan. You will get a loan on salary from the company in which you are working.

In today's time, many companies give loans and salaries in advance without interest. The company can be asked to give advance salary. After this, you will get the money and can use it for your needs. After this, the loan amount will be deducted from the salary every month.

Loan can be taken on FD-
FD (fixed deposit) is useful for everyone in many ways. It can also be a support in difficult times. Many people keep investing in FD, while many invest in LIC, PPF, etc.

You can get a loan on all these deposits (loan on FD LIC PPF). If you have invested in these then you can also take a loan even if your CIBIL score is bad. Apart from this, a loan (FD par loan) can also be taken by mortgaging anything.

You can take a loan from NBFC-

If the bank is not giving you a loan (bank loan news) due to a bad or low CIBIL score, then you can try for a loan from NBFC (nonbanking financing company). Here you can hope to get a loan, but the interest rates can definitely be expensive.