What Is A Good CIBIL Score For Personal Loan? Don’t Know! Read It Now

1
What Is A Good CIBIL Score For Personal Loan
Dont Know! Read It Now
2

• Credit score range

To get a personal loan, you need a good credit
score. However, little is heard about what
actually a good score means. The credit score
range is from 350 to 900. A score above 750 is
considered to be an excellent score. An
individual with a score above 650 is considered
to have a good score. Generally speaking, every
score range has its own specifications and
drawbacks. It is important for you to understand
every range before you actually find out where
you belong. A good credit score comes with a lot
of benefits like instant approval and a low rate
of interest.
3

• 300-549

Having a credit score in this range is not at all
recommended. There are high chances that with a
credit score in this range you will face loan
rejection. Even if you get a loan, you will find
it very expensive. The rate of interest along
with fees and charges will be high. This means
you need to improve your credit score.
4

• 550-649

A credit score in this range is particularly an
average score. This means you will find it
difficult to get a personal loan. Even if you get
one it will not be an affordable one. You will
have a loan with a high rate of interest and high
charges. If you have a credit score in this range
you need to improve it.
5

• 750-900

A credit score above 750 is an excellent credit
score that offers you an amazing borrowing
experience. Approvals on your loan requests will
never be rejected. In fact, you can actually
negotiate for better interest rates and lower
restrictions at this point. This allows you to
get any kind of loan. A credit score in this
range will help you get the best borrowing
experience.
6
Thank You
For more information please contact
Clix Capital Services Private Limited Email
hello_at_clix.capital Mobile [phone]