What is the minimum CIBIL score needed for SBI car loans

What is the minimum CIBIL score needed for SBI car loan

A good CIBIL score is favourable for SBI as it helps in eliminating borrowers with a high loan default risk

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It helps them in evaluating not only the creditworthiness of the borrower but also their future debt repaying capability.

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This helps in them selecting only the more viable and prudent borrowers for granting SBI car loan.

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SBI has set minimum CIBIL score criteria of 750 for getting a car loan approved

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Applicant make sure that you have a CIBIL Score of 750 or higher

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Otherwise, your loan application could be easily rejected

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