9911080404 Can I Get LAP with Low CIBIL Score in Delhi?
A low CIBIL score can often be a roadblock for those seeking financial assistance, especially from traditional banks. However, if you’re based in Delhi and own a residential or commercial property, there's still hope. Loan Against Property (LAP) is a secured loan that allows borrowers with low credit scores to access funds by leveraging their real estate asset—even if their CIBIL score is less than perfect. Understanding CIBIL Score and Its Role in LAP CIBIL score is a 3-digit number ranging from 300 to 900 that represents a borrower’s creditworthiness. While most banks prefer scores above 750, lenders consider multiple factors in LAP applications. Since LAP is a secured loan, your property acts as collateral, which reduces the lender’s risk, making it easier to get approval even with a low score. How LAP Can Still Be Approved with Low CIBIL in Delhi Many NBFCs and private finance companies in Delhi are more flexible than traditional banks. Here’s how they may still ...