Lenders analyse your credit information thoroughly to evaluate your creditworthiness when you apply for a personal loan. Lenders frequently review the following credit information: Credit score: Your credit score is a number that indicates how creditworthy you are; it typically ranges from 300 to 850. A higher score denotes better credit standing. Credit report: This … Read more
There is no set minimum credit score needed to secure a personal loan. Nevertheless, many lenders typically favour scores between 720 and 750. Such scores indicate responsible credit management and a higher likelihood of timely loan repayment. Even with a lower credit score, you might still qualify for a personal loan but expect a higher … Read more
Have you ever wondered what would happen if your credit score is different across credit bureaus such as CIBIL, Equifax and Experian? For instance, what if your CIBIL score is 760 whereas the one on Equifax is 740. Is this possible and if yes, why? Well, credit score ranges can certainly vary, albeit slightly, among … Read more