Will my loan application be rejected because of weak score

[Sameer Kapoor]

I am looking for home loan from LIC HFL. I checked my CIBIL score, it is 760. But somebody told me that since it is weak score, my loan application will be rejected. Is it really so? And what are the others things that I should check before applying for a loan?

[Sameer Kapoor]

A score of 750+ is considered acceptable. However, rejection or acceptance of loan application depends on criteria established by LIC HFL and it will also depend on things like, number of defaults, loan settlements, written off, late payments, number of unsecured loans, number of enquiries, outstanding balances, etc.

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