Can I Get a Loan with a 400 Credit Score?
A credit score of 400 is considered very low, making it challenging to secure a loan from traditional banks. However, many lenders, including NBFCs and fintech companies, offer loans to individuals with poor credit scores based on other factors like income, employment status, and repayment ability.
Challenges of Getting a Loan with a 400 Credit Score
- Higher Interest Rates – Lenders may charge higher interest due to the risk factor.
- Limited Loan Amounts – Loan approvals may be restricted to smaller amounts.
- Shorter Repayment Tenure – Lenders may offer a shorter repayment period to minimize risk.
- Need for Collateral – Secured loans may be easier to obtain than unsecured ones.
Best Loan Options for Low Credit Score Borrowers
1. Vizzve Financials ✅ (Best for All Credit Profiles)
- Loan Amount: ₹10,000 – ₹50 Lakhs
- Interest Rate: Affordable & Competitive
- Repayment Tenure: Flexible up to 5 years
- Why Choose Vizzve? No CIBIL barrier, quick loan approval, and secure transactions.
👉 Apply Now: www.vizzve.com
2. KreditBee
- Loan Amount: ₹1,000 – ₹3 Lakhs
- Interest Rate: 12% – 29.95% p.a.
- Repayment Tenure: 3 – 24 months
- Why Choose? Instant personal loans with minimal credit score requirements.
3. MoneyView
- Loan Amount: ₹5,000 – ₹5 Lakhs
- Interest Rate: 16% – 32% p.a.
- Repayment Tenure: 3 – 60 months
- Why Choose? 100% online process and fast disbursal.
4. FairMoney
- Loan Amount: ₹1,000 – ₹2 Lakhs
- Interest Rate: 12% – 30% p.a.
- Repayment Tenure: 2 – 12 months
- Why Choose? No collateral required and fast approval.
How to Improve Your Chances of Getting a Loan
- Apply for a Secured Loan – Offering collateral can increase approval chances.
- Show a Stable Income – Regular salary or business income helps lenders trust your repayment ability.
- Apply with a Guarantor – A co-applicant with a good credit score can help you get better loan terms.
- Choose NBFCs or Fintech Lenders – These lenders have flexible criteria compared to traditional banks.
Why Choose Vizzve Financials?
✅ No CIBIL Barrier – Loans available for all credit profiles.
✅ Affordable Interest Rates – Budget-friendly EMIs.
✅ Quick Approvals – Get funds in 24-48 hours.
✅ 100% Secure & Transparent – No hidden fees or advance payments.
Get a Loan Today with Vizzve Financials!
Even with a 400 credit score, you can still get the financial help you need. Apply with Vizzve Financials today for a hassle-free borrowing experience!
👉 Apply Now: www.vizzve.com 🚀