Reply To: Is CIBIL score of 850 points acceptable by banks

[samkapoor77]

Yes, a CIBIL score above 750 is considered to be good enough. The CIBIL score in the range of 750-900 is considered to be good. The banks will be happy to render loans at a low rate of interest as the risk of default is low. A high CIBIL score gives them a sense of assurance of getting the EMI payments on time. However, even if you have a minimum CIBIL score of 650, you still qualify for a personal loan. In January, I was falling short of INR 1 lakh to renovate my 1 BHK house in Sarita Vihar, New Delhi. During that time, I was going through a rough phase as I had too many emergency expenses, and hence this affected my CIBIL score, it dropped to 675. I did not want to borrow money from my friends and relatives, hence I was on the hunt for some company which could offer me a loan. I came across Upwards, went through their features, their offerings, and decided to take a personal loan in Delhi. I got an instant approval within a day and hence I was able to finalize the interior designer for the renovation work. Moreover, they provide flexible tenure for loan repayment and the eligibility criteria is quite straightforward.