Need ₹10 lakh loan urgently — CIBIL 627, salary ₹92k. What are my options?
Hi everyone,
I’m looking for some genuine financial advice on how I can arrange around ₹10 lakh. My current CIBIL score is 627 (screenshot attached).
Here’s my financial situation:
Monthly salary: ₹92,000
CIBIL: 627
Existing home loan: ₹14 lakh with Unity Small Finance Bank, Current home Cost 55 Lakhs
Home loan EMI: ₹14,400/month
Existing bike loan: ₹12,345/month
Bike loan remaining: around 18 months
I’m getting married in the next 6 months, and I also have some family-related financial commitments:
Wedding expenses: significant portion of the requirement
₹2.5 lakh: need to contribute towards my sister’s fees
₹1.5 lakh: house renovation
Remaining amount: other wedding/family expenses
So the ₹10 lakh is not solely for the wedding.
I understand that with a 627 CIBIL score and existing EMIs, getting a ₹10 lakh unsecured personal loan may be difficult. But I need to find a legitimate way to arrange this money.
I’m considering options such as:
Personal loan
Home loan top-up / loan against property
Co-applicant
Loan from a credit society/patpedhi
Any other legitimate secured loan option
The property already has the ₹14 lakh home loan with Unity, so I’m also wondering whether a top-up or additional loan against the same property could realistically work.
What would you do in my situation? What are my realistic options to arrange ₹10 lakh?
Please suggest practical options based on my salary, existing loans and CIBIL. I’m particularly interested in knowing which route has the highest chance of approval and what I should avoid.
I know this isn't an ideal financial situation, but I’d really appreciate genuine advice rather than judgment.
Additional context
I’m currently the only person financially supporting my family.
My father is an auto-rickshaw driver and his income is limited. My mother is a homemaker, and my sister is still studying.
I take care of most of the household expenses, including food/ration, utility bills and other regular family expenses. My personal + family monthly expenses generally come to around ₹30–40k, apart from my existing EMIs.
Please help me out. I am really worried and helpless.
I tried convincing for court marriage but neither my nor her family side wanna do it.
Thanks 🙏