Does a high CIBIL score guarantee loan approval? MintGenie answers

Does a high CIBIL score guarantee loan approval? MintGenie answers

CIBIL scores reflect your creditworthiness based on your credit history. Banks use this score as one of the key factors in their decision-making process at the time of assessing your loan application. While a high CIBIL score shows that you have a good credit history and are likely to repay your loans on time, banks … Read more

What are the specific CIBIL score requirements for business loans? MintGenie explains

What are the specific CIBIL score requirements for business loans? MintGenie explains

CIBIL score is an important factor that banks consider when evaluating applications for business loans. While there is not a fixed threshold of CIBIL score requirement which is applicable universally to all banks, a higher CIBIL score usually raises the likelihood of loan approval and favourable terms. Here are the general rules: Excellent credit score (750 and … Read more