IndusInd bank specifies that applicants should have a minimum credit score of 750 to qualify for a personal loan from IndusInd Bank. But, the immediate question that comes into your head is, will I get a personal loan from IndusInd bank if I have a bad credit score? 

What Is The Importance of Credit Score For A IndusInd Bank Personal Loan? 

The following are some of the advantages of a lower credit score:

  • If you have a good credit score, you can get an affordable rate of interest on the loan 
  • You may be eligible for a higher loan amount limit due to an excellent credit score.
  • It will give you a higher power to negotiate on the rate of interest and the administrative charges.
  • Loan approval is quick 

How Can I Get A Personal Loan From IndusInd Bank If I Have A Bad Credit Score? 

You could still get a personal loan from IndusInd bank with a bad credit score. 

  • Show that your income is good enough to support your EMI payments 
  • Get a co-applicant or a guarantor for your loan
  • Rectify mistakes and incomplete information in your credit report
  • You could ask for a lower personal loan amount 
  • Request your lender to consider your case with an NA or NH in your credit report.