In today’s fast-paced world, financial emergencies can arise at any moment—be it a medical expense, urgent travel, or a last-minute wedding plan. While personal loans can offer a quick financial lifeline, not everyone qualifies easily due to one common hurdle: CIBIL score. But what if you could get an instant personal loan without a CIBIL check?
This article explores how it’s possible, who can benefit, the risks involved, and what alternatives are available.
What Is a CIBIL Score and Why It Matters?
Your CIBIL score, maintained by TransUnion CIBIL, is a three-digit number ranging from 300 to 900 that reflects your creditworthiness. Most banks and NBFCs (Non-Banking Financial Companies) use it to assess your ability to repay loans. A score of 750 or above is generally considered good.
But what if your credit score is low, or you have no credit history at all?
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