{"id":19867,"date":"2023-01-17T18:23:11","date_gmt":"2023-01-17T12:53:11","guid":{"rendered":"https:\/\/test-blog.unicreds.com\/blog\/?post_type=web-story&#038;p=19867"},"modified":"2023-01-17T18:23:15","modified_gmt":"2023-01-17T12:53:15","slug":"why-cibil-score-important-while-applying-for-loans","status":"publish","type":"web-story","link":"https:\/\/unicreds.com\/blog\/web-stories\/why-cibil-score-important-while-applying-for-loans\/","title":{"rendered":"Why Cibil Score Important While Applying for Loans"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Poppins%3Awght%40400%3B700\" 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publisher-logo-src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2022\/02\/10161836\/UniCreds-Logo.png\" title=\"Why Cibil Score Important While Applying for Loans\" poster-portrait-src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162157\/Why-Cibil-Score-Important-While-Applying-for-Loans.jpg\"><amp-story-page id=\"efeb6eb3-ffd0-4777-8eb4-0ddceabf9a66\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5635cf87-7fad-48bb-90aa-04fab7b514bd\">\n<div style=\"position:absolute;width:133.38544%;height:100%;left:-16.69272%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162157\/Why-Cibil-Score-Important-While-Applying-for-Loans.jpg\" alt=\"Why Cibil Score Important While Applying for Loans\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162157\/Why-Cibil-Score-Important-While-Applying-for-Loans.jpg 640w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162157\/Why-Cibil-Score-Important-While-Applying-for-Loans-480x640.jpg 480w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162157\/Why-Cibil-Score-Important-While-Applying-for-Loans-225x300.jpg 225w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162157\/Why-Cibil-Score-Important-While-Applying-for-Loans-150x200.jpg 150w\" sizes=\"(min-width: 1024px) 60vh, 133vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:10.67961%;top:68.93204%;width:78.64078%;height:19.7411%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6172839506172839% 0.6172839506172839% 0.6172839506172839% 0.6172839506172839% \/ 1.639344262295082% 1.639344262295082% 1.639344262295082% 1.639344262295082%;background-clip:content-box;background-color:#ffee70\" id=\"el-3ccb8532-a93a-4f51-8764-e2ac4c6b0168\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.9259259259259258% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.485437em;line-height:1.2;text-align:center;padding:1.2345679012345678% 2.4691358024691357%;color:#000000\"><span><span style=\"font-weight: 700\">Why Cibil Score Important While Applying for Loans<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"a55a81a8-6e13-4b62-833f-785fdccbde56\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-0244575b-8c0a-464f-83ad-71e49c010b11 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate(0%, 0%) scale(1.5)\",\"translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-1858c24e-713e-4381-b9b8-8ab8874458ef\",\"keyframes\":{\"transform\":[\"translate3d(-113.58024%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-a28f65ad-efeb-4c5d-8bf3-86b46089df66\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-07c16392-3225-4a72-bbb5-adfaef2f0932\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-0244575b-8c0a-464f-83ad-71e49c010b11\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-79133975-746e-4bca-a1a0-2122b71a2bf9\">\n<div style=\"position:absolute;width:133.38544%;height:100%;left:-16.69272%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162655\/Creditworthiness.jpg\" alt=\"Creditworthiness\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162655\/Creditworthiness.jpg 640w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162655\/Creditworthiness-480x640.jpg 480w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162655\/Creditworthiness-225x300.jpg 225w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162655\/Creditworthiness-150x200.jpg 150w\" sizes=\"(min-width: 1024px) 60vh, 133vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:10.67961%;top:19.90291%;width:78.64078%;height:60.19417%;opacity:1\">\n<div id=\"anim-1858c24e-713e-4381-b9b8-8ab8874458ef\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-113.58024%, 0px, 0)\">\n<div id=\"anim-a28f65ad-efeb-4c5d-8bf3-86b46089df66\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-07c16392-3225-4a72-bbb5-adfaef2f0932\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6172839506172839% 0.6172839506172839% 0.6172839506172839% 0.6172839506172839% \/ 0.5376344086021506% 0.5376344086021506% 0.5376344086021506% 0.5376344086021506%;background-clip:content-box;background-color:#ffee70\" id=\"el-9d43dc35-d223-48ba-9f3e-29fece2f6116\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7716049382716049% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:1.2345679012345678% 2.4691358024691357%;color:#000000\"><span>Creditworthiness&nbsp;<br \/>\n&#8212;<br \/>\nThe most important factor in your CIBIL score is your creditworthiness. It demonstrates your ability to manage your finances. You are more likely to be approved for an auto loan or other type of loan if you have a good credit history.<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"1ae76b83-7a41-4f90-b739-e6ff7e3eb0fe\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-cee352a8-3503-4c0d-bc28-39353e46604d [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate(0%, 0%) scale(1.5)\",\"translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-6b42f995-c281-4526-bb28-1e0f0ed51b24\",\"keyframes\":{\"transform\":[\"translate3d(-113.58024%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-a8a452c1-7a21-4e19-bbb9-7c79e57745b2\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-33950751-89a4-40c2-9c01-8de81d8802f0\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-cee352a8-3503-4c0d-bc28-39353e46604d\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a50e9ece-1bbb-464e-a8e7-c15acfa0e1f1\">\n<div style=\"position:absolute;width:133.38544%;height:100%;left:-16.69272%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162711\/Application-Approval.jpg\" alt=\"Application Approval\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162711\/Application-Approval.jpg 640w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162711\/Application-Approval-480x640.jpg 480w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162711\/Application-Approval-225x300.jpg 225w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162711\/Application-Approval-150x200.jpg 150w\" sizes=\"(min-width: 1024px) 60vh, 133vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:10.67961%;top:17.47573%;width:78.64078%;height:65.04854%;opacity:1\">\n<div id=\"anim-6b42f995-c281-4526-bb28-1e0f0ed51b24\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-113.58024%, 0px, 0)\">\n<div id=\"anim-a8a452c1-7a21-4e19-bbb9-7c79e57745b2\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-33950751-89a4-40c2-9c01-8de81d8802f0\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6172839506172839% 0.6172839506172839% 0.6172839506172839% 0.6172839506172839% \/ 0.4975124378109453% 0.4975124378109453% 0.4975124378109453% 0.4975124378109453%;background-clip:content-box;background-color:#ffee70\" id=\"el-01b6c43e-4571-4cf1-a76e-8db910b59c04\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7716049382716049% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:1.2345679012345678% 2.4691358024691357%;color:#000000\"><span>Application Approval<br \/>\n&#8212;<br \/>\nThe CIBIL score is a critical component of your credit history. It shows how well you have paid off your loans and how much you have paid back on time. This score also assists lenders in determining which type of loan to offer you.<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"80ea75ce-358e-4fbf-9d6a-acd42cbee3c8\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-196b54e9-898d-4148-919b-10cd4accac97 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate(0%, 0%) scale(1.5)\",\"translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-12f05b2b-5933-460c-9049-c484b43bfd84\",\"keyframes\":{\"transform\":[\"translate3d(-113.58024%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-93d0a059-33ff-45a4-a8bb-3f011dd5036b\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-39200a25-f5f8-4c12-b288-9e0348172b33\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-196b54e9-898d-4148-919b-10cd4accac97\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-00148048-ab67-4ac2-88ee-79e071a02158\">\n<div style=\"position:absolute;width:133.38544%;height:100%;left:-16.69272%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162727\/Interest-Rate.jpg\" alt=\"Interest Rate\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162727\/Interest-Rate.jpg 640w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162727\/Interest-Rate-480x640.jpg 480w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162727\/Interest-Rate-225x300.jpg 225w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162727\/Interest-Rate-150x200.jpg 150w\" sizes=\"(min-width: 1024px) 60vh, 133vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:10.67961%;top:17.47573%;width:78.64078%;height:65.04854%;opacity:1\">\n<div id=\"anim-12f05b2b-5933-460c-9049-c484b43bfd84\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-113.58024%, 0px, 0)\">\n<div id=\"anim-93d0a059-33ff-45a4-a8bb-3f011dd5036b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-39200a25-f5f8-4c12-b288-9e0348172b33\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6172839506172839% 0.6172839506172839% 0.6172839506172839% 0.6172839506172839% \/ 0.4975124378109453% 0.4975124378109453% 0.4975124378109453% 0.4975124378109453%;background-clip:content-box;background-color:#ffee70\" id=\"el-dfbf570f-fed9-4833-bd63-61f62a016208\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7716049382716049% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:1.2345679012345678% 2.4691358024691357%;color:#000000\"><span>Interest Rate<br \/>\n&#8212;<br \/>\nLower interest rates are the result of a high CIBIL score, which improves the credit quality of your loan and reduces the interest rate you pay. This is because banks want to keep their customers happy and retain them for as long as possible.<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"0f55f140-8caf-4e30-b46b-764768d44393\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-7d7bd82a-ba3c-43e4-ab58-21b5a38e0d8b [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate(0%, 0%) scale(1.5)\",\"translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-e0243ee8-dc28-47a7-a7a3-38c546bcfa6b\",\"keyframes\":{\"transform\":[\"translate3d(-113.58024%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-ceb7f6ad-1ed5-421c-9ed7-8312f8ac21f4\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-1727fc05-f5c2-42d5-b15a-294a104dfde1\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-7d7bd82a-ba3c-43e4-ab58-21b5a38e0d8b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-03ccdc5a-dd12-4e4e-b002-3c6107383393\">\n<div style=\"position:absolute;width:133.38544%;height:100%;left:-16.69272%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162740\/Loan-Amount.jpg\" alt=\"Loan Amount\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162740\/Loan-Amount.jpg 640w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162740\/Loan-Amount-480x640.jpg 480w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162740\/Loan-Amount-225x300.jpg 225w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162740\/Loan-Amount-150x200.jpg 150w\" sizes=\"(min-width: 1024px) 60vh, 133vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:10.67961%;top:7.76699%;width:78.64078%;height:84.46602%;opacity:1\">\n<div id=\"anim-e0243ee8-dc28-47a7-a7a3-38c546bcfa6b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-113.58024%, 0px, 0)\">\n<div id=\"anim-ceb7f6ad-1ed5-421c-9ed7-8312f8ac21f4\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-1727fc05-f5c2-42d5-b15a-294a104dfde1\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6172839506172839% 0.6172839506172839% 0.6172839506172839% 0.6172839506172839% \/ 0.38314176245210724% 0.38314176245210724% 0.38314176245210724% 0.38314176245210724%;background-clip:content-box;background-color:#ffee70\" id=\"el-2d26d0c9-d609-4eef-aab6-c0d549a14bc7\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7716049382716049% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:1.2345679012345678% 2.4691358024691357%;color:#000000\"><span>Loan Amount<br \/>\n&#8212;<br \/>\nThe CIBIL score is significant because it determines the amount of money you can borrow. You can borrow more money if your CIBIL score is higher than the bank&#8217;s minimum. So, if you want to buy a house or a car, having a good CIBIL score will undoubtedly help you get the loan amount you desire.<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"b84ba0e3-44ac-4fd5-851f-1d4b3b0b1570\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-b905a5d9-f813-4c51-bb10-9465def08fd1 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate(0%, 0%) scale(1.5)\",\"translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-1bd641a3-14be-433e-b47e-3c1b0f5eb484\",\"keyframes\":{\"transform\":[\"translate3d(-113.58024%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-69ef50bc-7187-4dc8-8a55-779bfc4d6598\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-b7d7458b-bdc3-4382-80ce-7e2f12ef8a18\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-b905a5d9-f813-4c51-bb10-9465def08fd1\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-cbf36a97-deda-45af-b81c-518839a8f514\">\n<div style=\"position:absolute;width:133.38544%;height:100%;left:-16.69272%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162756\/Longer-Loan-Tenures.jpg\" alt=\"Longer Loan Tenures\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162756\/Longer-Loan-Tenures.jpg 640w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162756\/Longer-Loan-Tenures-480x640.jpg 480w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162756\/Longer-Loan-Tenures-225x300.jpg 225w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/16162756\/Longer-Loan-Tenures-150x200.jpg 150w\" sizes=\"(min-width: 1024px) 60vh, 133vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:10.67961%;top:15.04854%;width:78.64078%;height:69.90291%;opacity:1\">\n<div id=\"anim-1bd641a3-14be-433e-b47e-3c1b0f5eb484\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-113.58024%, 0px, 0)\">\n<div id=\"anim-69ef50bc-7187-4dc8-8a55-779bfc4d6598\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-b7d7458b-bdc3-4382-80ce-7e2f12ef8a18\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6172839506172839% 0.6172839506172839% 0.6172839506172839% 0.6172839506172839% \/ 0.4629629629629629% 0.4629629629629629% 0.4629629629629629% 0.4629629629629629%;background-clip:content-box;background-color:#ffee70\" id=\"el-972e72a2-e508-4ea4-9147-d6498c699c65\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7716049382716049% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:1.2345679012345678% 2.4691358024691357%;color:#000000\"><span>Longer Loan Tenures<br \/>\n&#8212;<br \/>\nThe CIBIL score is significant because it can help you obtain longer loan terms. Banks will give you longer-term loans if you have a high CIBIL score. Longer loans are more likely to be repaid on time, but you may be charged a higher interest rate.<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"0fbe1132-983d-411d-9151-0f9b18dc2373\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-8bff4af7-7df4-4089-aa9b-bea999b8c2c9 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate(0%, 0%) scale(1.5)\",\"translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-fa39a7ee-752b-484f-aacb-25dc7496b6a1\",\"keyframes\":[{\"offset\":0,\"transform\":\"translate3d(0, -364.93625%, 0)\",\"easing\":\"cubic-bezier(.5, 0, 1, 1)\"},{\"offset\":0.29,\"transform\":\"translate3d(0, 0%, 0)\",\"easing\":\"cubic-bezier(0, 0, .5, 1)\"},{\"offset\":0.45,\"transform\":\"translate3d(0, -102.62007349999999%, 0)\",\"easing\":\"cubic-bezier(.5, 0, 1, 1)\"},{\"offset\":0.61,\"transform\":\"translate3d(0, 0%, 0)\",\"easing\":\"cubic-bezier(0, 0, .5, 1)\"},{\"offset\":0.71,\"transform\":\"translate3d(0, -34.8879055%, 0)\",\"easing\":\"cubic-bezier(.5, 0, 1, 1)\"},{\"offset\":0.8,\"transform\":\"translate3d(0, 0%, 0)\",\"easing\":\"cubic-bezier(0, 0, .5, 1)\"},{\"offset\":0.85,\"transform\":\"translate3d(0, -13.101211375%, 0)\",\"easing\":\"cubic-bezier(.5, 0, 1, 1)\"},{\"offset\":0.92,\"transform\":\"translate3d(0, 0%, 0)\",\"easing\":\"cubic-bezier(0, 0, .5, 1)\"},{\"offset\":0.96,\"transform\":\"translate3d(0, -5.693005499999999%, 0)\",\"easing\":\"cubic-bezier(.5, 0, 1, 1)\"},{\"offset\":1,\"transform\":\"translate3d(0, 0%, 0)\",\"easing\":\"cubic-bezier(0, 0, .5, 1)\"}],\"delay\":0,\"duration\":600,\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-8bff4af7-7df4-4089-aa9b-bea999b8c2c9\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-6aa6cbfb-3e11-4ec0-be78-e699f9a04509\">\n<div style=\"position:absolute;width:133.38544%;height:100%;left:-16.69272%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/13155438\/How-Much-Personal-Loan-Can-I-Get-1.jpg\" alt=\"How Much Personal Loan Can I Get\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/13155438\/How-Much-Personal-Loan-Can-I-Get-1.jpg 640w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/13155438\/How-Much-Personal-Loan-Can-I-Get-1-480x640.jpg 480w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/13155438\/How-Much-Personal-Loan-Can-I-Get-1-225x300.jpg 225w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/01\/13155438\/How-Much-Personal-Loan-Can-I-Get-1-150x200.jpg 150w\" sizes=\"(min-width: 1024px) 60vh, 133vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:10.67961%;top:43.04207%;width:78.64078%;height:19.7411%;opacity:1\">\n<div id=\"anim-fa39a7ee-752b-484f-aacb-25dc7496b6a1\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0, -364.93625%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6172839506172839% 0.6172839506172839% 0.6172839506172839% 0.6172839506172839% \/ 1.639344262295082% 1.639344262295082% 1.639344262295082% 1.639344262295082%;background-clip:content-box;background-color:#ffee70\" id=\"el-fba39fe8-8b5b-46d1-ae8b-c8e9c16a75a0\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.9259259259259258% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.485437em;line-height:1.2;text-align:center;padding:1.2345679012345678% 2.4691358024691357%;color:#000000\"><span><span style=\"font-weight: 700\">To know more about Improving the Cibil Score<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/08\/28141824\/dylan-gillis-xKmXZ4Fv63w-unsplash-min-scaled.jpg\"><a href=\"https:\/\/unicreds.com\/blog\/ways-to-improving-your-cibil-score\" rel=\"\">Click Here<\/a><\/amp-story-page-outlink><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why Cibil Score Important While Applying for Loans<\/p>\n","protected":false},"author":91,"featured_media":19868,"template":"","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","web_stories_publisher_logo":12573,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-19867","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Cibil Score Important While Applying for Loans - UniCreds Blog<\/title>\n<meta name=\"description\" content=\"Why Cibil Score Important While Applying for Loans\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/unicreds.com\/blog\/web-stories\/why-cibil-score-important-while-applying-for-loans\/\" \/>\n<meta property=\"og:locale\" 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