CIBIL score important for education loan and accomodation in uk?

Akanksha Chandravanshi

Your CIBIL score is crucial for securing an education loan in India to study in the UK. Here's why:   

1.  Lender's Assessment: Lenders use your CIBIL score to assess your creditworthiness. A good score indicates responsible financial behavior, making you a more attractive borrower.    
2. Loan Eligibility: A higher CIBIL score generally increases your chances of loan approval and can also influence the interest rate offered.    
3. Loan Amount: A good CIBIL score may allow you to borrow a larger loan amount.

Addressing these challenges often involves preparation, a good no cost counselor will help you get a loan easily and on time.