Your credit score is an indicator of your creditworthiness and is taken into consideration while providing advances. It reflects your repayment capability and consequently provides the reassurance of repayment. It is crucial, especially in cases of unsecured advances like personal loans. Since there are no collaterals involved, the CIBIL score acts as an important personal loan eligibility criterion.
The CIBIL score is a 3-digit number that reflects your financial track record. It includes:
Having a good CIBIL score of 750 and above reflects your higher repayment capability, increased creditworthiness, and makes you eligible to avail a personal loan. Subsequently, you can avail a higher loan amount and get better terms and conditions on your financial dealings. Considering that personal loans come with no end-usage restriction, this sanctioned amount can be used to fund diverse expenses including wedding costs, higher education expenditures, and cost of renovating your home.
With a high creditworthiness reflected via a credit score of 750 and above, you can avail a Bajaj Finserv Personal Loan against nominal eligibility criteria and documents.
These advances come with a host of lucrative features and benefits such as:
Bajaj Finserv also brings you add-on features like the Flexi loan facility to meet your personal loan requirements. This facility allows you to pay interest-only EMIs on the withdrawn amount and not on the total principal.
You can also enjoy the benefits of the pre-approved offers that will further ease the personal loan processing experience.