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Is your Credit Score >750?
Get answers to commonly asked questions related to credit bureaus
YES Bank personal loans are sanctioned to eligible applicants provided they meet all the eligibility parameters set by the bank in this regard. Apart from the other eligibility parameters, the bank requires the applicant to have a minimum credit score of 750 to be eligible for personal loans. This means that an applicant having a credit score of 750 or above can get the personal loans of the bank without any hassles provided they meet other eligibility parameters.
The applicant having a credit score lower than 700 usually is not sanctioned the loan as the application is often rejected. This is on account of the applicant being considered at high risk for any default or delay in repayment of a loan taken from the bank.
Personal loans are considered to be the easiest and the quickest forms of liquid loans that can be provided to the customers. Applicants can apply for these loans to meet their immediate financial needs.
Personal loans of YES Bank are available with easy and affordable repayment options. The purpose of such personal loans can be anything like a wedding in the family or a medical emergency or travel or any other even purchase of some household commodity/durable, etc.
The applicants are required to meet many eligibility parameters for being eligible for the personal loans of the bank. These parameters are,
YES Bank is a very well known name in the banking world in India. The bank has a huge network of branches across the country that caters to its customers within India and abroad. The bank has many loan products that can be availed by the customers to meet their financial needs. The quantum of loan to be provided depends on the type of loan as well as the eligibility parameters of the applicant.
The personal loans of the bank are among the popular loan products in this segment with attractive rates of interest and comfortable repayment tenure.
A credit score is the credit rating issued by authorised credit rating agencies in India to any individual or businesses. Such credit score is used to determine their financial health. In India, there are four credit rating agencies that provide such credit scores. These agencies are,
CIBIL™ scores are used by lenders while reviewing a loan application or a credit card application. YES Bank also refers to the credit score issued by CIBIL™ for considering its personal loan application. The credit score issued by CIBIL™ is a three-digit number that ranges from 300 to 900.
The credit score of an applicant is very significant to endure that they get immediate approval of loan or credit card applications. Hence, it has to be duly maintained to ensure access to immediate finance from banks without any hassles. Lenders look at the credit score as the first point of reference for the issue of credit cards or loans. Therefore, it is imperative to ensure that the credit score of the applicant is not damaged.
1. What is the minimum credit score required by applicants for a personal loan from YES Bank?
A. The minimum credit score required by applicants for a personal loan of YES Bank is 750 or more.
2. Why is it necessary to maintain a healthy credit score?
A. A healthy credit score will provide the person with the ability to get loans or credit cards easily from any banks or financial institutions. The applicant may also be eligible for loans at a lower rate of interest and lower processing charges.
3. What are the documents needed for checking the credit score of a person through CIBIL™?
A. A person can check their credit score through CIBIL™ by using any of the following documents:
4. Can the prepayment of a personal loan improve the credit score?
A. Yes, prepayment or part payment of the personal loan can have a positive impact on the credit score of an applicant and improve it in long run.
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 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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