Does a high CIBIL score guarantee loan approval? MintGenie answers

Does a high CIBIL score guarantee loan approval? MintGenie answers

CIBIL scores reflect your creditworthiness based on your credit history. Banks use this score as one of the key factors in their decision-making process at the time of assessing your loan application. While a high CIBIL score shows that you have a good credit history and are likely to repay your loans on time, banks … Read more

Unsure about taking a secured personal loan? Here are the pros and cons

Unsure about taking a secured personal loan? Here are the pros and cons

Personal loans can be backed by collateral, allowing you to borrow money from a lender by using an asset you own as security for the loan. The collateral serves as a guarantee for the lender. If you are unable to repay the loan, the lender has the right to take possession of the collateral to … Read more