CIBIL score defines your eligibility for acquiring a loan. It reflects your wealth on the basis of credit history, credit card repayment habits, loan application frequency, ongoing loans, and other aspects. The minimum CIBIL score for loan is 750 which need to be maintained by the borrower. The Necessity of maintaining a minimum CIBIL score for LoanCIBIL score represents your debt performance. Evaluating your CIBIL score determines the following things for lenders.
Source- https://www.postingchain.com/relevancy-of-minimum-cibil-score-for-loan/
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