InvestorQ : I need a credit score for which kind of loan?
divya Sing made post

I need a credit score for which kind of loan?

Answer
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3 years ago
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These days, banks and non-banking finance companies (NBFCs) ask all potential borrowers for their credit scores as it helps them decide whom to lend to.

While credit scores are usually spoken about when taking a home loan, it is considered by banks and NBFCs even for auto and personal loans. Thus, it’s important that you maintain a good credit score for it will have repercussions on almost all borrowing transactions you make.

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