Causes of Loan Rejection and Disputes
The CIBIL Score plays a critical role in the loan application process.
After an applicant fills out the application form and hands it over to
the lender, the lender first checks the CIBIL Score and CIBIL Report
of the applicant.
If the CIBIL Score is low, the lender may not even consider the application
further and reject it at that point.
If the CIBIL Score is high, the lender will look into the application and
consider other details to determine if the applicant is credit-worthy.
CIBIL Score works as a first impression for the lender, the higher the
score, the better are your chances of the loan being reviewed and approved.
The decision to lend is solely dependent on the lender and CIBIL does
not in any manner decide if the loan/credit card should be sanctioned or not.
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