Yes, a CIBIL score is necessary for a bike loan; CIBIL stands for Credit Information Bureau of India Limited, which is a credit bureau. A CIBIL score can vary from 300 to 900 and is decided by reviewing and accounting your credit history, including your credit card payments.
The required CIBIL score for bike loan is 750 - it enables you to avail a bike loan at a low-interest rate.
A low CIBIL score does not mean that you cannot apply for a bike loan. It simply raises the rate of interest on the loan.
Contact us for more information to know your credit score and its effect on your eligibility.