New Delhi, April 28 -- In India's ever-evolving, dynamic financial landscape, clearly understanding how loan inquiries impact your credit score is of utmost importance.

This is important because a low credit score makes it very difficult to secure future loans, credit cards, etc.

This can complicate matters during difficult times such as medical emergencies, home renovation work, etc. Hence, irrespective of whether you are applying for a credit card, personal loan, or mortgage, each individual inquiry can influence your credit profile and creditworthiness. Keeping this in mind, here are five crucial facts borrowers should know:

When you apply for a loan, it generally triggers a 'hard inquiry', in which lenders assess your overall credi...