New Delhi, Nov. 20 -- Credit score - or CIBIL score - signifies the creditworthiness of a borrower. The higher the score, the better the chances of being able to borrow money, which too at a lower interest rate and on convenient terms. Conversely, a lower score means finding it hard to raise a loan. And even if you get a go-ahead, it will be at a high interest rate.

But what many people do not realise is that it not only impacts your personal loans but auto loans. Let us understand how.

A credit score above 750 typically qualifies for low interest rates and up to 80-90% of financing.

However, customers with credit scores between 700-749 may still get approval, but at slightly higher rates (9.5-11%), whereas 650 to 699 may be made to fa...