While the specific requirements may vary among lenders, most financial institutions in Assam consider the CIBIL score as an important factor in the loan approval process. A higher CIBIL score indicates a better credit profile and demonstrates a track record of responsible borrowing and timely repayments.
A good CIBIL score helps establish the borrower's creditworthiness and can positively influence the lender's decision to approve a business loan. It also plays a role in determining the loan amount, interest rate, and repayment terms offered by the lender.
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