This Urgent Loan With Bad Credit in India service is available for situations when money is required urgently & it will be difficult for conventional bank/NBFC to fund clients with bad cibil ratings.
Fund Source India provides urgent loan for cibil defaulters to meet any payment deadline or for any special purpose like the closing a previous loan or immediate purchase of raw material. It can be raised within the shortest period and is available in PAN India. Urgent loans are available from Rs.1 crore to 10 crores and can be used for any purpose & can be raised against the collateral property
An urgent loan for bad credit refers to a type of loan that is provided to individuals/companies who have a poor credit history or a low credit score. Urgent Loan is a loan raised by a company to meet current expenses or a special purpose/payment deadlines.
Banks & other financial institutions, have restrictions on extending loans to borrowers with poor or bad credit scores and also these borrowers already wasted lot of time in pursuing loans from bank & nbfc’s so they have a urgency for taking urgent loans.
Most businesses seek Urgent Loan from private lenders due to issues in raising funds due to credit rating or incomplete or improper documentation. Moreover, these issues can be resolved in the near future so they can raise permanent finance options with better competent rates.
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