{"id":2918,"date":"2021-05-04T05:36:12","date_gmt":"2021-05-04T05:36:12","guid":{"rendered":"https:\/\/www.indusind.bank.in\/iblogs\/?p=2918"},"modified":"2025-08-29T09:57:36","modified_gmt":"2025-08-29T09:57:36","slug":"does-cibil-score-matter-in-car-loan","status":"publish","type":"post","link":"https:\/\/www.indusind.bank.in\/iblogs\/trends\/does-cibil-score-matter-in-car-loan\/","title":{"rendered":"Does CIBIL score matter in Car Loan"},"content":{"rendered":"\n<p>Purchasing a car is a\ndream for many people. But certain complications can avert your dream of buying\na new car. To overcome the complications of getting a car and fulfil your dream\nof having a car, banks offer car loans. The bank requires credit information to\nget a car loan, which creates trust in the bank to give you the loan amount\nrequired. <\/p>\n\n\n\n<p>If you want to avail a car on loan, you have to strengthen the CIBIL score. If you are searching for a perfect car loan, <a href=\"https:\/\/www.indusind.bank.in\/in\/en\/personal\/loans\/vehicle-loan\/new-cars-loan.html?utm_source=website&amp;utm_medium=blog&amp;utm_campaign=car18\">click here<\/a> to avail the best options for you. <\/p>\n\n\n\n<h2><strong>What is creditworthiness for a car loan?<\/strong> <\/h2>\n\n\n\n<p>Credit Information\nBureau (India) Limited analyzes accounts of the people to create the credit\nscore. The range of CIBIL scores varies between 300-900. A score above 700 is\ngenerally considered good, which is a sign of trust. <\/p>\n\n\n\n<h2><strong>What if the score is below 700?<\/strong><\/h2>\n\n\n\n<p>CIBIL score below 700 is\nimprovable, and there are steps to improve your <strong>CIBIL score <\/strong>and make you eligible to have your car loan. <\/p>\n\n\n\n<ul><li>Make all the loan payments on time. <\/li><li>While paying for credit cards, make sure to repay\nthe complete amount on time.<\/li><li>Ensure to restrict your payments via credit\ncards, within the approved limit.<\/li><li>Avoid applying many number of loans at a single\nattempt. <\/li><\/ul>\n\n\n\n<h3><strong>Conclusion <\/strong><\/h3>\n\n\n\n<p>With the above steps,\nyou can improve your CIBIL score. By paying your loans within time, you can\nprove a good CIBIL score on your records. A good CIBIL score will help you get\nthe car of your dream.<\/p>\n\n\n\n<p>If you need a <a href=\"https:\/\/www.indusind.bank.in\/in\/en\/personal\/loans\/vehicle-loan\/new-cars-loan.html?utm_source=website&amp;utm_medium=blog&amp;utm_campaign=car18\">car loan<\/a>, IndusInd Bank has the finest options for you to avail it. The vehicle loans provide you with the best interest rates options and manageable repayment plans. <a href=\"https:\/\/loans.indusind.com\/IndusnetLead\/New_leadgenerate\/indusnet_new_leadgenerate?utm_source=website&amp;utm_medium=blog&amp;utm_campaign=car18\" target=\"_blank\" rel=\"noreferrer noopener\">Enquire now at IndusInd Bank<\/a> to clear all your doubts regarding car loan. <\/p>\n\n\n\n<p><span class=\"has-inline-color has-vivid-red-color\"><strong>Disclaimer:<\/strong> The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Purchasing a car is a dream for many people. But certain complications can avert your dream of buying a new car. To overcome the complications of getting a car and fulfil your dream of having a car, banks offer car loans. The bank requires credit information to get a car loan, which creates trust in&#8230;<\/p>\n","protected":false},"author":13,"featured_media":2919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"description\" content=\"By paying your loans within time, you can prove a good CIBIL score on your records. A good CIBIL score will help you get the car of your dream.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.indusind.bank.in\/iblogs\/trends\/does-cibil-score-matter-in-car-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does CIBIL score matter in Car Loan | iBlogs\" \/>\n<meta property=\"og:description\" content=\"By paying your loans within time, you can prove a good CIBIL score on your records. 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