How CIBIL Score is Important for any Loan? Credit Score is one of the most important ability criteria based on which bank gives you a loan. The bank will check through CIBIL, credit history of the client. Carefulness towards refund and having secured loans like home or auto loans works positively for your CIBIL score. On the other hand, payment defaults and too many loan or Credit Card applications can have a negative impact on your CIBIL score.
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