Credit History:

The Credit Information Bureau India Ltd (CIBIL) score that rates you between 300 and 900 is an estimation of your credit-worthiness. The CBIL score gives banking institutions an idea of your credit history and evaluates your repaying capabilities. So before approaching a bank you must check your CIBIL score online, and if found unsatisfactory take necessary steps to make it loan-worthy.

Alternative Payment Options:

You must always discuss with the bank officer your ability to repay the loan even in unfavorable circumstances such as losing a job or a drop in income. This will help the bank understand your alternate methods of loan payment, which in turn will build trust.

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