While credit score of an individual varies between 300 and 900, banks consider individuals having a credit score of 700 and more, eligible for a personal loan.
New Delhi: Personal loan is the most prefered mode of borrowing money in times of financial crunch. This is an unsecured loan and requires less documentation and can be availed in few days. There are some fintech companies that provide personal loan through their mobile application in few hours also. However, interest rate and loan amount depend on various factors like your income, credit score, loan repayment history etc.
While credit score of ...
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