Have you recently considered taking out your first loan? A loan can seem intimidating but it need not be as heavy a decision as it’s generally made out to be. The first thing you’re likely to learn about is the necessity of a good credit score.
It can be difficult to find instant loans for a low credit score. A credit score, or CIBIL score, is a three-digit number issued by CIBIL (Credit Information Bureau India Limited). It varies between 300 to 900 and assesses an individual’s ‘creditworthiness.’ A credit score of 750 or more is deemed a strong score. Anything less than that is typically considered low and might be a problem for banks and credit grantors. Essentially, your credit score decides whether or not you qualify for a credit loan. Many financial companies often refuse to make loans to those with low credit score. As a result, when you apply for a loan in a bank or financial institution, your credit score plays a significant role.
However, if you’re just starting out your career or have had to deal with financial constraints in the past, your credit score might not be the strongest. Don’t worry! This doesn’t mean you won’t be able to access a loan. We at ZestMoney, understand your need for an instant loan for a low credit score. With ZestMoney you can avail a no-cost- EMI credit line within 10 minutes of applying!
What is a no-cost EMI loan?
A no-cost EMI is an offer in which you can pay for the products or services in monthly instalments that are subject to zero percent interest. This means you are only paying the total price of the product, with no additional fees or costs.
For example, if you buy a product costing Rs. 20000 on a three-month no-cost EMI, you will have to pay Rs 6600 to your EMI provider (such as ZestMoney) each month for three months, until you pay off the sum of Rs 20000 at the end of three months.
With ZestMoney you can buy any product from one of our partner stores and use our no-cost EMI loan! You can avail an instant loan for a low credit score within 10 minutes and own whatever is on your wishlist. This type of personal loan is extremely convenient and can be used for a variety of services ranging from international holidays to buying the latest electronics! Sign up with ZestMoney today.