A CIBIL score is a 3-digit number assigned to an individual based on their financial history. To avail of a personal loan, an applicant needs to have a good CIBIL score of 750 and more. Though Finnable does not mandatorily ask for a good CIBIL score, it can help the applicant get a personal loan faster.
If an applicant has a low CIBIL score, there are ways to improve it:
Pay all dues on time, including utility bills, past loans, and credit card bills.
Avoid making too many loan inquiries.
Have a mix of different types of loans and across tenures.
Track your credit ratings with the credit agency.
Utilise the existing credit limit.