Nowadays, everyone needs money. In such a situation, a person thinks about taking a loan. But they are not able to get a loan from the bank. The main reason for this is also said to be their CIBIL score. Yes, if your CIBIL score is good, then only the bank gives you a loan. If there is any problem in your CIBIL score, then the bank also refuses to give a loan. In such a situation, even the banks that give you a loan, their interest is very high. But now there is no need to panic. Because by adopting some methods, you can take a loan as per your requirement with your good CIBIL score. So let’s take a look.
Joint loan or joint loan?
If your CIBIL score is low, then the most effective way to deal with this problem is joint loan. This is because in this option you have to take the help of a family member or a trusted relative whose CIBIL score is very good. The bank also gives a loan to that person by considering him as a co-applicant or guarantor. In this process, the loan amount is decided by combining the income of both the persons, which also increases the chances of getting more money.
Gold loan is the safest.
The second option is gold loan. This is an option in which CIBIL score has no role. You get it immediately and it is considered the most secured loan. But in this, it is very important that you have gold. Based on the price of gold, up to 75% of it can be given to you as loan amount.
Loan on your plans?
This is a very effective method if you have got any LIC or any FD. On the basis of that, loan is easily made available. The most important thing is that if loan is taken on FD, then the interest rate can also be 1-2 percent.