1. Home ›
  2. Hyundai Cars ›
  3. i20 Active ›
  4. i20 Active Community ›
  5. Hyundai i20 Active QnA ›
  6. How I can get car loan while my cibil score is 500 plus?

  • Q. How I can get car loan while my cibil score is 500 plus?

    935 Views Add Answer
    4 Answers
    Aditi
    Aditi | 3 years ago

    Lenders look for a high CIBIL Score and good credit profile before determining the final status of your loan application. In the case of a car loan, the car serves as collateral. Therefore, even with a bad credit score, there are chances of a bank or NBFC approving your car loan application. You may approach banks like HDFC if you have a CIBIL score of 500 plus (550-600) they may help you out with something.If you have a low CIBIL score you can take a car loan with a co-applicant or opt for a used car or a low-priced new car. If none of these tips work, you can go for a low-priced second-hand car. Several organized dealerships in India sell low-cost used vehicles. The sale price is low, so you can easily pay it out of pocket.

    1 Reply
    Anil
    Anil | 4 years ago

    Contact to car financing authority.

    0 Reply
    Vishwanath
    Vishwanath | 5 years ago

    Ask your banker about your CIBIL score and move forward.

    0 Reply
    View More Answers
    Add your Answer
    Submit Answer

From The i20 Active Community

Hyundai i20 Active Community Discussions

Related Questions

Q. Which car is better- automatic or manual?

26.6K Views 140 Answers

Q. What is the difference between AMT and CVT - Swift?

15.3K Views 7 Answers

Q. Hi, My budget is 5 lakhs, which is the best and safest car in this budget?

41.8K Views 180 Answers

Q. Which is better tranmission iMT or DCT

5K Views 1 Answer

Q. My daily drive is 100km. Which car will best for me in terms of mileage, comfort and security?

6.6K Views 11 Answers

View More Questions
contributers

Have a question in mind? 1 Lakh+ answers from Owners & Experts

Get Answers from Experts & Owners

Didn’t find the question you were looking for? Ask Your Question
Search your question about i20 Active E.g - Which variant of i20 Active is best to buy?
Image
Do you own a Car or a Bike?
  • Interact with community
  • Become a Top Contributor
Add Car Add Bike
×
Recently Visited
Ask A Question