CIBIL Score and Personal Loans: What’s the Connection?
CIBIL score reflects your creditworthiness, which banks/NBFCs check to decide whether to approve or reject your personal loan application. If you get the loan, your behaviour to repay the loan again impacts your credit score. So from application to repayment, Personal Loans and CIBIL Score remain closely connected. Highlights: Good CIBIL score (750+) enhances the...
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