CIBIL score important for education loan and accomodation in uk?
Asked by Anuradha Sanjapa 3 months ago
1 Answer
Your CIBIL score is crucial for securing an education loan in India to study in the UK. Here's why:
- 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.
- Loan Eligibility: A higher CIBIL score generally increases your chances of loan approval and can also influence the interest rate offered.
- 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.
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