New Delhi, July 7 -- A credit score is simply one of the most crucial criteria financial institutions check while approving personal loans. This three digit number ranges from 300 to 900 primarily. It is a clear reflection of the borrowers creditworthiness, repayment ability, credit usage and the overall integrity of one's credit profile.

In our nation where personal loans are unsecured in nature, banks and lending institutions heavily depend on credit scores to analyse and assess lending risk. In this regard a credit score of 750 or more is considered reputable. Still, it is important to keep in mind that apart from just these scores there are a host of other factors that are taken into account by lending institutions before permitting ...