A personal loan can be used for almost any type of expense ranging from big ticket appliance purchases and home renovations to luxury vacations and debt consolidation

CIBIL score is a 3 digit credit score which is calculated and furnished by The Credit Information Bureau (India) Ltd, which is largely accepted bureau and hence many leading lenders shows their interest for Good CIBIL score.

A high credit score is definitely an asset when it comes to loan and credit card applications. A high credit score (closer to 900) implies that you have good financial discipline and tend to pay off your dues on time.Thus, your chances of being approved for additional credit, in the form of a new loan or credit card, are higher.