FAQ - L&T Finance

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How to Check Credit Score for Free?

You can check your credit score for free on official credit bureau websites like CIBIL, Experian, or Equifax by verifying your PAN and personal details.

Is CIBIL Score of 750 Considered Good?

Yes, a CIBIL score of 750 is considered good and increases your chances of getting loan approval with better interest rates and flexible repayment terms.

Why does your credit score matter?

Your credit score matters because it helps lenders decide if you’re a reliable borrower and can influence your loan approval speed, interest rates, and credit limits.

How should students and young adults establish a credit history?

Students and young adults can start building credit by using a secured credit card, repaying bills on time, and avoiding unnecessary loan applications early on.

What is the Minimum CIBIL Score to Get Personal Loan?

Most lenders prefer a CIBIL score above 700 for a Personal Loan, but some may approve lower scores with higher interest rates or added conditions.

Can Anyone Check my CIBIL Score?

No, only you and authorised lenders with your consent can check your CIBIL score. Unauthorised checks are not allowed and require your explicit permission.

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