Lenders require personal loan applicants to have a good credit score which means the borrower is worthy of servicing an unsecured loan

Wondering if you can get a personal loan with a low credit score? Discover the minimum credit score requirements in India and learn how to improve your score for better loan offers and lower interest rates.

WHAT IS A CREDIT SCORE? A credit score is an indicator of your creditworthiness and tells how consistent you are with repaying your loans and debts. It is a three-digit number usu

Instant personal loans are influenced by credit scores, with higher risks and rates for lower scores. Scores above 650 improve approval chances. Consistent repayments and careful credit management are vital for better loan prospects.

The rule of thumb for credit scores is the higher, the better. Does that mean hitting the highest possible credit score — 850 — is a goal worth striving for? Admittedly, a good to excellent credit score can make a major difference in a person's financial life,

A FICO score below 580 or a VantageScore of less than 601 is considered a bad credit score. If your score falls in the bad credit range, you will face less favorable outcomes with lenders (who may charge you higher interest rates),

Applying for personal loans in India is possible even with bad credit, but it may involve higher interest rates and stricter terms. Knowing your credit score and exploring options like secured loans or co-applicants can improve chances of approval.