Please note: Rahul below is an illustrative profile, not a real customer. Names, numbers and dates are made up to show how assessment works. For a second worked example, see our first low CIBIL case study, and for Omozing’s offer for scores from 600, see personal loans with a low CIBIL score.
The profile
Rahul (illustrative), 29, works in operations at a bank in Bengaluru. He wants ₹1.26 lakh over 24 months to pay for a family wedding. Two banks have already declined him online. Both pointed to his score.
His report tells a more specific story. In 2017 he lost a credit card. He did not report it quickly, a few transactions went through, he disputed them with the issuer, stopped paying while the dispute dragged on, and the issuer eventually wrote the balance off. That single account is the main reason his score sits at 637.
His credit history on one line
Rahul’s credit timeline (illustrative)
An illustrative history, not a real customer. Dates are rounded to the year for clarity.
How a credit officer reads the file
An automated system sees “637” and “written off” and stops. A credit officer asks five questions instead.
Why is the score low?
One account, one event, eight or nine years old. There is no pattern of repeated delays across many loans.
Has the problem been dealt with?
Yes. Rahul paid the outstanding card balance in 2024 and has a no-dues certificate. The remark still shows on his report, but the money is no longer owed.
What has he done since?
He took a two-wheeler loan in 2019 and repaid every EMI on time until it closed in 2022. That is the most important evidence in the file: proof he repays when the terms are clear.
Is the income stable and sufficient?
Six months of salary credits from the same employer, four years of tenure, no bounced EMIs or cheques in the bank statement, and no current loans. The new EMI would be a modest share of his take-home.
Is anything else going on?
No cluster of recent enquiries, no short-term app loans, no unexplained large transfers. His spending looks like ordinary household spending.
What weighed for and against
Against
A written-off card on the report. A score of 637, below most banks’ cut-offs. Two recent declines, which add enquiries.
For
The write-off is old, isolated and now paid. A full loan repaid on time since. Stable salary well above ₹40,000. No other debt. A modest amount relative to income.
A score is a summary. The report is the story. Lenders who read the story can say yes to people a cut-off would reject.
The outcome in this illustration
In this illustrative case, a lender reading the whole file could reasonably consider the ₹1.26 lakh request. The final terms would be set out in a Key Fact Statement with the APR, fees and total repayable before Rahul signs, and he would have a cooling-off period to change his mind. A different file, say one with a recent write-off, current overdue loans or salary that barely covers the EMI, could lead to a smaller amount, a request for a co-applicant, or a decline.
If your situation looks similar
- Get your free credit reports from all four bureaus and find the exact accounts pulling your score down.
- If an old account was fraud or an error, raise it through the dispute process; you do not need to pay anyone to do this.
- If the dues are genuine, pay them, collect a no-dues certificate and keep it ready to show a lender.
- Build a run of clean repayments before you apply, and avoid applying to many lenders at once.
- Consider a co-applicant with a strong record. See how a co-applicant strengthens your application.
- If your score is below 600, start with our Credit Score Booster programme.
How Omozing assesses low-score applications
Omozing is the digital lending brand of Aparampaar Finance, an RBI-registered NBFC in Bengaluru. We lend to salaried people across India with credit scores from 600 and a take-home salary of ₹40,000 or more, with loans up to ₹25 lakh and rates starting from 11% a year. You share two documents: six months of salary-account bank statements and your latest salary slip. A credit officer reads the full report. We never ask for any fee before approval.
Score in the 600s?
See how Omozing assesses salaried borrowers whose score does not tell the whole story.
Frequently asked questions
Is this case study about a real Omozing customer?
No. Rahul is an illustrative profile created to show how a credit officer reads a low-score application. Names, figures and dates are made up.
Can I get a personal loan with a CIBIL score of 637?
Possibly. Some lenders, including Omozing, consider scores from 600 and look at the reasons behind the score, your repayment record since, and your salary. Approval depends on the full assessment.
Does an old credit card write-off stop me from getting a loan?
It makes it harder, especially with automated cut-offs. An old, isolated write-off that has since been paid, followed by clean repayments, is read far more favourably than a recent or unpaid one.
Will paying an old written-off account remove it from my report?
Paying does not erase the history, but it shows the account is no longer owed. Collect a no-dues certificate and check that your report reflects the payment; dispute it with the certificate if it does not.
What if my low score is due to a fraud or error?
Raise a dispute with the credit bureau and the lender, with any evidence you have. Genuine errors can be corrected, and this is free.
What does Omozing check besides my CIBIL score?
Your salary and its stability, your bank statement behaviour, your existing EMIs, the age and cause of any negative entries, and how you have repaid since.
Omozing is the digital lending brand of Aparampaar Finance Private Limited, an RBI-registered non-deposit-taking NBFC. Loans are subject to credit assessment. See our regulatory disclosures and grievance redressal process.