Tag: CIBIL Score
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Are CIBIL Scores Mandatory for Loans?
CIBIL and other credit scores are not mandatory for loans. RBI has not fixed any minimum credit score requirement. Banks take loan decisions based on their own policies. Every individual is entitled to one free annual credit report. Government to set up NFIR as a central financial data hub.
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Understanding CIBIL Score: Everything You Need to Know
Your CIBIL score is more than just a number – it’s a snapshot of your creditworthiness that can determine your financial future. Whether you’re applying for a personal loan, a home loan, or even a credit card, banks and financial institutions look at your CIBIL score before making a decision. What is a CIBIL Score?…