Looking to secure a Personal Loan? Well, having a rock-solid CIBIL score can turn the journey into a breeze, serving as your golden ticket to eligibility and proving you're a repayment champ! Yup, lenders are all about that CIBIL score when they're sizing up your application for a Personal Loan. But hey, if your CIBIL score is on the lower side and you still need that Personal Loan, don't worry! This guide is here to shake things up a bit and make the process more enjoyable. Let's dive in and explore your options! Understanding the Impact of a Low CIBIL Score on Personal Loan Approval Your CIBIL score is like your credit report, showing off how well you've juggled debt in the past. It's scored from 300 to 900 and takes into account your repayment track record, balances owed, credit mix, history length, and any recent credit action. A low score may lead to a loan denial, while hitting the 700s or higher turns you into the lender's dream borrower, boosting your chances of loan approval. When your score's low, lenders might be a bit hesitant to roll out the loan carpet but fear not, we'll jazz up your credit journey and turn it into a party!  Use These 10 Tips If You Need a Personal Loan with low CIBIL Score 1. Show Evidence of Sufficient Income For Loan Repayment A hike in salary or an additional source of income may make the loan provider more confident about your loan application. Show evidence of a secure job and steady cash flow to improve your likelihood of easy loan approval. 2. Apply for a Smaller Loan Amount Lenders may perceive you as a high-risk borrower if you demand a high loan amount with a low credit score. From the loan provider’s perspective, you have a higher probability of loan default in such a situation. Consider applying for a smaller loan amount to reduce the lender’s risk, making it easier for them to grant the loan. The repayment for a lower loan amount will also be easier on your pockets. 3. Get a Guarantor If you are looking for a Personal Loan with a low CIBIL Score, getting a guarantor can speed up the approval procedure. A guarantor assures the lender that, in the event of default, the guarantor will assume responsibility for the loan. Getting a guarantor with a good CIBIL score will improve your loan eligibility and make it easier to obtain a personal loan. 4. Resolve Mistakes in Your Credit Report In case your CIBIL score is low despite maintaining a good repayment history, you should check your credit report thoroughly. Your credit report may still have errors that are not your fault. It usually happens when your credit company does not report your latest credit-related information to the credit bureau. Errors like these can keep your credit score low and make it challenging to get a loan. Ensuring a timely check on your credit score and keeping your credit report error-free is important. Platforms like OneScore allow a free online check of your CIBIL score to help you identify errors and resolve them in time. 5. Add a Co-Applicant Alternatively, you can add a co-applicant to your loan application while applying for a Personal Loan with a low CIBIL Score. A co-applicant is someone who co-applies for a loan and agrees to repay the loan with the primary borrower. Since the credit score of the co-applicant directly impacts your loan eligibility, you must ensure they have a high credit score. 6. Request Your Case with an NA Credit bureaus mark a period of no credit activity for the last 36 months as ‘Not Active’ or NA in the credit report. It happens when the credit bureau does not receive any information about your credit-related activity for the past few months. With no recent credit history, credit companies cannot determine your financial position or how efficiently you handle credit. In such a case, they can consider your case with an NA and offer you a Personal Loan with a low CIBIL score. 7. Ask Your Lender to Consider Your Credit with an NH Lenders may consider your case with an NH if you have no history of credit. It often happens when you are new to the world of credit and have never taken a loan or credit card in the past. Since the lenders have no record of your repayment history, they can take a risk in your case, though at a higher interest rate. 8. Borrow From Your Existing Credit Company If you have an existing relationship with a particular credit company, consider reaching out to them first. The company will have all your credit account details, repayment history, cash flow, and prepayments. If you have a strong history of consistent repayments but have recently reduced your credit score for various reasons, they may still approve your loan based on your past records. 9. Apply for a Loan from an NBFC Traditional banks have strict eligibility conditions that make borrowing difficult for borrowers, let alone those with a low credit score. On the other hand, NBFCs are Non-Banking Financial Companies that want to increase their profits by lending to a maximum number of borrowers. Thus, they keep their eligibility requirements as simple as possible to attract more borrowers. NBFCs are easier to convince, as they have flexible loan terms for more efficient credit management. 10. Improve Your Credit Score While you may get a Personal Loan with a low CIBIL score using the above methods, try improving your eligibility by using strategies to increase your credit score. 1. Pay off existing loans. Consider consolidating your debt if you have multiple high-interest credit card debts or loans. 2. Diversify your credit profile. Maintain a mix of credit cards and loans. Keep your old accounts active. 3. Reduce your debt-to-income ratio. Keep your credit utilization rate low. Once you achieve a score of 700 or above, it becomes easier to get a personal loan with lower interest rates and better terms and conditions. How to Save Your CIBIL Score from Going Down Want a low CIBIL personal loan? Follow these tips to ensure a good credit score: • Check your credit score frequently to get alerts whenever it drops • Review your credit report regularly to identify any errors and get them rectified • Make your payments on time and in full to maintain a good repayment history • Request an increase in your credit limit to reduce your credit utilization rate • Minimize credit card usage to avoid displaying credit-hungry behavior Personal Loans can be of great help when you find yourself in need of instant funds. Before sanctioning your loan application, lenders check your credit score to determine your credibility. That is why checking your CIBIL score before applying is crucial to ensuring loan eligibility. OneScore is a reliable platform that allows you to check your CIBIL score for free online, based on which you can make your borrowing decision. You will also get free insights on how to improve your credit score and increase your loan eligibility with better terms and conditions. Edited by: Ananya Gupta

Are you someone who loves exploring new destinations and embarking on exciting adventures? If so, you're probably familiar with the costs that come along with traveling. From flights and accommodation to dining and activities, expenses add up quickly. But what if I told you there's a way to save money on your travel expenses? With OneCard, you can unlock a world of travel offers and enjoy incredible deals that will make your trips even more memorable. In this blog post, we'll take a closer look at the travel offers provided by OneCard. We'll also look at how you can take advantage of them to make your travel dreams a reality. OneCard's Travel Offers Benefits : OneCard is not just another credit card. It's a metal credit card that offers exclusive benefits. When it comes to travel, OneCard goes above and beyond by providing special offers and discounts that can significantly reduce your travel expenses. Let's explore some of the key benefits of OneCard's travel offers: a. Cashback on Travel Expenses: With OneCard, you can earn cashback on your travel expenses. Whether you're booking a flight, hotel, or rental car, every transaction you make with your OneCard will earn you cashback. This means that you can get a percentage of your money back, allowing you to save even more on your travel budget. b. Exclusive Discounts on Flights and Hotels: OneCard has partnered with various travel providers and hotel chains to bring you exclusive discounts and offers. When you book flights or accommodation using your OneCard, you can enjoy significant savings. These exclusive deals are not available to the general public and are only accessible to OneCard holders. c. Reward Points for Travel Expenses: In addition to cashback, OneCard also rewards you with points for your travel expenses. These points can be redeemed for various travel-related benefits such as discounted flights, hotel stays, or even free upgrades. The more you use your OneCard for travel, the more rewards you'll earn, making your trips even more affordable and enjoyable. Tips for maximizing your travel offers To make the most of OneCard's travel offers, here are some tips to remember: Research and Compare: Before booking travel, research different airlines, hotels, and travel platforms. Compare prices and offers to ensure you're getting the best deal. Plan in advance: Booking your travel in advance can often lead to better deals and availability. Start planning your trips early to benefit from early bird discounts and promotions. Use OneCard for travel expenses: To maximize your cashback and rewards, use your OneCard for travel expenses, including flights, accommodation, dining, and activities. This way, you'll earn more and save more. Check for exclusive partner offers: OneCard has partnered with various travel providers to bring you exclusive offers and discounts. Always check for these partner offers before booking to ensure you're getting the most suitable deal. Keep an eye on promotions: OneCard regularly runs promotions and special offers for cardholders. Stay updated with the website, app, or email notifications to benefit from these limited-time deals. Taking a trip doesn't have to cost a fortune. With OneCard's travel offers, you can enjoy incredible savings and benefits on your trips. Start exploring new destinations and creating unforgettable memories while saving money with OneCard's travel offers. Apply for your OneCard today and embark on your next adventure!

In today's techy era, credit card rewards programs have become a significant aspect of our lives, offering valuable incentives for our daily spending. OneCard, crafted with love in India, is at the forefront, changing the rewards game, so to speak!  With its extraordinary rewards system, OneCard has transformed the perception of credit cards for it's users. Making it a go-to choice for savvy customers. OneCard's rewards system stands out for its simplicity, transparency, and lucrative offerings. Resulting in an innovative and effortless way of earning and redeeming rewards. Every time you spend using OneCard, you earn reward points(1 point = 0.10 paise), which can be accumulated and redeemed across your spends and bills. That's unheard of!   OneCard's intuitive mobile application enables users to conveniently track their reward points, explore redemption options, and make informed decisions to optimize their benefits. OneCard India's rewards program extends beyond just the traditional way we think about rewards. This comprehensive approach ensures that users can enjoy "Never Expiring Rewards", creating a more personalized and engaging experience. By leveraging technology and some rather out-of-the-box brains at work, OneCard brings insights to user preferences to curate tailored offers and rewards, ensuring maximum value for each customer.  In a world driven by rewards and incentives, OneCard's exceptional rewards system in emerging as a game-changer. By blending simplicity and transparency, OneCard India offers users an unparalleled experience. As OneCard continues to evolve and innovate, it sets a benchmark for other players in the industry, revolutionizing the way credit cards are perceived and utilized in India. Bas, Jaan pehchaan hote rahegi!

New to Credit, Credit Score Playfully glancing at your CIBIL score through a soft inquiry won't knock your credit score down. Keeping an eye on it regularly could amp up your chances of securing that loan approval! Checking your CIBIL score regularly is a good habit you must have. Read on to know why. Keeping tabs on your credit score regularly adds a fun twist to financial management! When you're well aware of your credit score, you're more likely to stay on top of it and even find ways to boost it. Plus, each time you peek at your score, it's just a soft inquiry, no biggie! This applies even when potential employers take a glance before hiring you. But here's the scoop, some think that checking your score often might drag it down. Not true! In fact, avoiding regular checks means missing out on catching any sneaky errors or glitches that could drag your score down. So, let's turn up the fun and keep those credit scores sparkling! What Is a Soft Inquiry? A soft inquiry occurs when you or an authorized individual (often your employer or landlord) checks your credit score. Typically, soft inquiries are conducted for non-lending purposes and are less intrusive, having no impact on your creditworthiness. Does checking your CIBIL score lower it? Nope! Soft inquiries don't influence your credit score, and they remain invisible to other lenders or creditors. In fact, regularly monitoring your credit score and keeping an eye on factors like payment history and new inquiries are commendable habits to cultivate. Additional Read: Why should you check your credit report regularly? What Is a Hard Inquiry? When you apply for credit, like a credit card, auto loan, mortgage, or personal loan, a hard inquiry, also known as a hard pull, occurs. This involves the prospective lender assessing your credit score before approving your application. Does checking your CIBIL score lead to a decrease? Hard inquiries are visible on your credit report and might temporarily lower your credit score. However, having numerous hard inquiries in a brief span might give the impression that you're seeking too much credit, which could negatively affect your credit score. Soft Enquiry Vs Hard Enquiry. What Affects Your CIBIL Score More? Hard inquiries hold considerable influence over your credit score, whereas soft inquiries don't affect your creditworthiness or lending decisions whatsoever. These hard inquiries are laid bare for other lenders and creditors pursuing your credit report. If there's a flurry of credit inquiries within a brief timeframe, it can dent your credit score and raise doubts about your capacity to handle more credit responsibly. It's wise to be mindful of hard inquiries and aim to keep them in check whenever feasible. Hence, periodically checking your credit score is crucial, and if you spot any inaccuracies, promptly report them to the relevant bureaus. How Often Can You Check Your CIBIL Score? Checking your credit score means finding out how creditworthy you are, which helps lenders determine if they should lend you money or approve your credit applications. Here are a few reasons why checking your credit score regularly can be beneficial: Monitoring for Errors: If you have the habit of checking your credit score regularly, you will be able to spot any errors or inaccuracies that might be negatively affecting your credit. You can report the errors to the respective bureaus and prevent potential damage to your creditworthiness. Detection of theft or fraud: Monitoring your credit score periodically can help you detect signs of identity theft or fraudulent activity. Analyze any significant drops or unexpected changes in your score • Analyze the credit inquiries listed on your credit report. • Check for any unfamiliar credit cards or loans listed in your name • Review your existing account for any unauthorized transactions, unfamiliar charges, etc • Check for inaccuracies in your address, phone number, or other personal information Know your financial standing: Your credit score provides insights into your financial standing and creditworthiness. This information can come in handy when you are planning to apply for loans, mortgages, or other forms of credit. In a breeze, we've grasped why our CIBIL score is so crucial. Picture it like solving a puzzle where you're boosting your financial know-how! So, let's keep it enjoyable and stay one step ahead with our CIBIL score to unlock all the awesome perks it holds. Edited by: Ananya Gupta