Is a good CIBIL score a must for taking an education loan?

Is a good CIBIL score a must for taking an education loan?

In my exploration of the role CIBIL scores play in acquiring education loans, I've found that a good CIBIL score indeed increases your chances of loan approval. However, it's not the only factor lenders consider. They also look at factors like your income, repayment capacity, and collateral provided. So while a good CIBIL score can smooth the way to getting an education loan, it's not an absolute must. It's always a good idea to maintain a decent score, but remember, other aspects matter too.

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Is a good CIBIL score a must for taking an education loan?

In my exploration of the role CIBIL scores play in acquiring education loans, I've found that a good CIBIL score indeed increases your chances of loan approval. However, it's not the only factor lenders consider. They also look at factors like your income, repayment capacity, and collateral provided. So while a good CIBIL score can smooth the way to getting an education loan, it's not an absolute must. It's always a good idea to maintain a decent score, but remember, other aspects matter too.