BUSINESSHow to Apply for a car Loan using Low CIBIL score

Kayan.pereira31 Mar, 2022Finance

Mr. Raj is a data analyst for a multinational corporation. He recently purchased a used car with the help of a loan. Mr Raj?s purchase is notable in that he was able to obtain a used automobile loan despite having a bad credit score. However, just because Mr Raj took up a bad credit used automobile loan does not indicate he defaulted or skipped many EMIs on his previous loan. His credit score is low since he has never taken out a major loan and has only paid the EMI on a consumer durable loan once. So, if you, too, have a bad credit score, take a page from Mr Raj?s book and figure out how to get a used car loan with a bad credit score.