CIBIL defaulters are those who took out loans and are unable to repay them. CIBIL maintains no defaulter list or data. A bank or lender will only approve your loan based on your credit score. After reading more on this page, you will have a thorough understanding of the personal loan for cibil defaulter.

A credit report stores your financial information so that future lenders can decide if you're a responsible or untrustworthy borrower. If you make the mistake of failing to make timely payments, your credit score will suffer. If you cease paying loan payments, you will be included on the CIBIL defaulter list, which means you have a bad credit score.