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Is your Credit Score >750?
Get answers to commonly asked questions related to credit bureaus
A personal loan is a loan taken by an individual to fund personal expenses like a wedding, make renovations to the home or even for a vacation. Unlike a home loan or auto loan there is no restriction on how the borrowed amount is finally used – the borrower has full freedom to use the money for any purpose they want.
Lack of collateral. It is an ‘unsecured loan’ and you are not required to provide any security in the form of cash, shares or any other assets.
CIBIL™ is one of the four authorized credit bureaus in India which provide a credit score, the others being Equifax, Experian and CRIF High Mark.
Personal loans are unsecured loans. They are based on the borrower’s ability to pay the money back. Thus, unlike a home loan or auto loan where the loan is secured against the property or vehicle, the bank bears the entire risk in the case of a personal loan
A personal loan is granted for personal use as detailed above. Naturally, the higher your score, the better are your chance of being approved, as the lender is loaning you the amount purely on the basis of your high credit score and credit report.
A CIBIL™ score ranges from 300-900. There is no fixed minimum score in order to get a loan. Typically, lenders look for a score of 750 or above in order to further process your loan application. It is possible to get a loan with a score less than 750, but you might face harsher loan conditions such as a higher interest rate, smaller loan amount, shorter repayment period and more documentation
Therefore, while there is no fixed minimum CIBIL™ score to apply for a loan, it is recommended that you ensure that you have a credit score of at least 750 before you make an application.
CIBIL™ Score for ICICI Personal Loan
CIBIL™ Score for SBI Personal Loan
CIBIL™ Required for Axis Bank Personal Loan
CIBIL™ Score for HDFC personal loan
CIBIL™ Score Required for Kotak Mahindra Bank Personal Loan
CIBIL™ Score Required for YES Bank Personal Loan
CIBIL™ Score Required for IndusInd Bank Personal Loan
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A CIBIL™ Score is an indicator of an individual’s credit worthiness. It impacts the individual’s ability to borrow
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
There is really no number that can be established as the average credit score in India. Many people see regular
You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help
First, it is important to note that there is no ‘Defaulters List’ that is maintained or circulated by CIBIL™ or any of the other
Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify
It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding
It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding
A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.
One common worry that runs through your mind after you have made a credit card settlement is,
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