Securing a Personal Loan with a CIBIL Score of 550 or Lower The blog discusses obtaining a personal loan with a low CIBIL score of 550, crucial for loan approval. A CIBIL score, ranging from 300 to 900, determines eligibility, with 750 or higher preferred. Lenders assess creditworthiness based on this score, impacting loan terms. While a score of 550 to 660 may not guarantee denial, it could lead to higher rates or smaller amounts. Improving credit score is vital for better loan offers. #investkraft #personalloan #cibilscore #loan #financialplanning #finance https://bit.ly/3SWVvXo

Contrast Between CIBIL Score and Credit Score The blog discusses the disparity between CIBIL Score and Credit Score, commonly interchanged terms. Credit Score evaluates borrower's creditworthiness based on history, affecting loan approvals and interest rates. CIBIL Score, a subset, specifically provided by TransUnion CIBIL in India, assesses credit history comprehensively, aiding in loan approvals. It suggests maintaining a good CIBIL Score, crucial for favorable loan outcomes. Checking scores before loan applications is advised, with soft inquiries having no negative impact. #Investkraft #CIBILScore #CreditScore #Loan #Finance https://www.investkraft.com/blog/difference-between-cibil-score-and-credit-score