New Delhi, April 15 -- Understanding credit scores for a two-wheeler loan application should be a top priority specifically, your credit score is important for a two-wheeler loan application as part of the blocking-off decisions during the approval process. This article provides an overview of the importance of having good credit scores for two-wheeler financing.

A credit score is a numerical representation of how reliable a borrower is based on their credit history. Credit scores in India are rated between 300 - 900 by the credit bureau. All of this will have an important impact on loan character and possibility of obtaining the loan.

A two-wheeler loan may be negatively impacted by a lower credit score in a number of different ways: &...