A score less than 550 is considered a low CIBIL score, it can harshly damage your financial well-being. A low credit score is a result of your weak history, and it is a risky sign for lenders to offer any loan. You should always try to increase CIBIL score do not take it for granted because a low CIBIL score has several side effects. Click for continue reading.................
Source- https://www.blogsbinder.com/drawbacks-of-a-low-cibil-score/