When it comes to managing your credit score and financial needs, having a reliable app matters. Whether you want to track your credit health or need quick funds for emergencies, a smart, secure credit score and loan app makes all the difference.
OneScore is one such trusted app that allows you to check your CIBIL and also offers personal loan of up to ₹5 lakhs. Along with a range of helpful features, it makes borrowing and credit management simple, safe, and stress-free.
Importance of Credit Score for Getting a Personal Loan
It is recommended that you maintain your credit score above 730 to show responsible credit use. A higher score improves your chances of getting approved for loans with better terms.
Here are some reasons why your credit score matters when you apply for an unsecured loan:
- Risk Evaluation
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- Lenders check your score to see the level of risk you pose as a potential borrower
- A score below 730 may lead to loan rejection, either due to a lack of experience or bad credit-related habits
- Loan Approval and Rate of Interest
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- A good credit score helps in faster loan approval
- Higher scores mean more competitive interest rates, helping you save money during repayment
- Loan Amount and Repayment Tenure
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- A strong score can get you a higher loan amount
- It may also allow you to choose a longer repayment period for more manageable EMIs
Why Choose the OneScore App for Getting a Loan
Here are the features that help OneScore double up as an instant loan app, helping you in your journey of finding the ideal deal:
- Full Credit Overview
View all your loans, credit cards, and other credit accounts in one place. No need to check multiple apps to track your credit activity - Score Planner
Find out what’s affecting your credit score and get personalized tips to improve it. The ‘Score Planner’ guides you to reach your desired score. - Lifetime-Free Credit Check
Check your CIBIL and Experian credit scores and reports anytime for free — no limit, no charges, ever. - Personalised Insights
Get smart tips based on your credit habits. For example, reduce your credit card utilisation ratio better to improve your credit score. - Fraud Alerts
Easily identify fake or unknown loans taken in your name. Report suspicious activity to credit bureaus through the app. - Quick Loan Application
The app offers you competitive interest rates, starting from 12.5% p.a. on personal loans from reputed You can apply with minimal paperwork. - Data Privacy and Safety
No ads, no spam, and no third-party data sharing. OneScore keeps your personal and financial information secure.
How to Apply for a Loan Through the OneScore App
Follow these steps to apply for a loan through OneScore.
Step 1: Download the App
Firstly, go to the App Store or Play Store and download the OneScore App. Sign up with your mobile number and enter some basic details like your name, email, and date of birth.
Step 2: Check Your Credit Score
Once your profile is ready, OneScore gives you your credit score. This helps check your loan eligibility. You’ll also get tips to improve your score if needed.
Step 3: Explore Personal Loan Offers
Go to the ‘Personal Loan’ section in the app. You’ll see the loan amount available based on your score. Click ‘Accept and Continue’ to move ahead.
Step 4: Choose Loan Terms
Choose your preferred loan amount, EMI, and tenure. Review your chosen terms, and if satisfied, then click the ‘Proceed’ button.
Step 5: Complete KYC Verification
Verify your identity through DigiLocker with the help of your Aadhaar card details. If you don’t have an account on this app, you can create one through the app.
Minimum CIBIL Score Required for a Personal Loan
Your CIBIL score is like the backbone of your loan approval. Lenders use this score before approving a loan. Here is a detailed table of credit scores and the related chances of getting a loan:
| Credit Score | Remark | Chances of Approval |
| Below 300 | Poor | No approval |
| 300 to 550 | Very low | Need to improve the score |
| 551 to 620 | Low | Low chances for loan approval |
| 621 to 700 | Fair | Get a loan at a high interest rate |
| 701 to 749 | Good | Can get quick approval with a competitive rate |
| 750 to 900 | Excellent | You get quick approval with nominal rates |
Tips for Getting an Easy Personal Loan
Getting a personal loan is simple when you follow a few smart steps. The OneScore App can help by offering lifetime-free credit score checks and personalised tips to improve your credit health.
- Maintain a Healthy Credit Score
Aim for a score above 730 to improve your chances of loan approval. A lower score may reduce your chances or get your funds at a higher interest rate. - Keep Documents Updated
Have all your essential documents like ID proof, address proof, and income details ready. This avoids delays, especially in emergencies. - Check Eligibility Terms
Your credit score is not the only factor lenders consider when approving your loan. Your age, employment and income also matter. Make sure you qualify across all terms to get a personal loan with ease.
Managing your credit score and finding loan offers is now easy with just one app. OneScore gives you two big benefits in a single platform. You can check your CIBIL and explore a personalised loan with this credit score and instant loan app.
With lifetime-free score checks, OneScore makes managing your credit health simple and safe. Download it today and manage your credit needs the smart way!
