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Take a Personal Loan for Home Renovation In Pune With Bad Credit Score

· personal loan

See, Personal loan are unsecured loans and you can use the personal loan amount whenever you want. Personal Loan in Pune for home renovation is always a good option to improve your house. However, to be honest, it's not that easy to get a low loan sanctioned. You have to fulfill the eligibility criteria of Personal Loan and have to submit all the necessary documents. Apart from that a CIBIL Score above 750 is also required for a personal loan.

This is because the minimum CIBIL score required to get a personal loan approved is 750. Anything below this automatically means that the financial institution will shy away from sanctioning your personal loan. But few NBFCs consider score below then 750, they might be offer you higher interest rate in case of lower CIBIL score.

Best solution for this is focus on improving your CIBIL score with measures like paying EMIs on time, improving your debt to income ratio, paying off existing debts with surplus cash if possible and so on. Or you can also try to apply for a Personal loan with the help of co-applicant which have higher CIBIL score.

Watch the video below to know how you can plan for home renovation with Bajaj Finserv Personal Loan:

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