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Top 8 Reasons a Loan with a Good CIBIL Score Is Rejected.
Category: Finance
A healthy CIBIL score is considered as the magic potion for loan approval. It is between 300 and 900, and above 750 reflects responsible credit behavior, which banks and financial institutions favour. But, most of the applicants having good credit scores are shocked when they see their loan applications rejected. Having a good CIBIL score is important, but it is not the only thing that lenders evaluate.
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