What Is CIBIL Score & How It Affects Your Loan Approval
Your CIBIL score is a crucial factor in loan approval. It is a 3-digit number ranging from 300 to 900 that reflects your creditworthiness based on your credit history.
Score Impact
| Score Range | Impact |
|---|---|
| 750+ | Best rates and easy approval |
| 650-749 | Moderate terms |
| Below 650 | Risky, higher rates or rejection |
What Affects CIBIL Score?
- Loan repayment history
- Credit card usage
- Loan enquiries
- Defaults
How to Improve It
- Pay EMIs on time
- Keep credit usage below 30%
- Avoid multiple loan applications
Want help even with a low CIBIL score? LendXpert offers flexible loan options.
