While, many people have their opinion that CIBIL is the deciding factor while applying successfully for the loan; the 99Loans would like to inform that this isn’t true!
While, the CIBIL Score is one of the deciding factors while applying for the loan, successfully, this alone is not the deciding factor. There are many other factors, which comes to the prominence, when it comes to the successful application of the loan. The CIBIL Score is just an indication of the credit history of the person and helps the banks to decide whether to approve/disapprove the loan application. There are many in the country, which don’t have any CIBIL History, but still are successful in getting the loan, approved. Considered among one of the important factors, this is not only the factor, which is considered while taking a loan.