New Delhi, Aug. 19 -- There is no universal CIBIL score requirement for a personal loan because every lender has its own credit assessment policy. However, a higher CIBIL Score generally improves your chances of getting a personal loan approved.

TransUnion CIBIL scores range from 300 to 900. CIBIL states that a score above 700 is generally considered good, while its educational material notes that scores above 750 can help lenders assess and approve applications.

For example, L&T Finance currently states that a CIBIL Score of 750 or above is preferred for its pre-approved personal loan offers. However, the final eligibility decision depends on the lender's assessment of your overall credit profile.

Your CIBIL Score can broadly indicate...