Financial Knowledge
No Charge
Improved Financial Strategy

The minimum CIBIL score for Loan Against Property is at least 750 for quick and smooth approval. However, if you have a low CIBIL score, aim to increase your CIBIL score to at least 750 to secure the best loan terms, such as lower interest rates and higher loan amount.

A CIBIL score is a crucial factor influencing your eligibility for a Loan Against Property (LAP). Check out the table below to learn about different CIBIL score ranges:

CIBIL Score Ranges Creditworthiness
550 and below Bad
550 - 649 Poor
650 - 699 Average
700 - 749 Good
750 - 900 Excellent

 

Having a good CIBIL score is important but maintaining the same can be difficult. Here are 5 factors that you must avoid to have a good CIBIL score:

  • Repayment history
  • Credit utilisation ratio
  • Credit mix
  • Defaults and written-off accounts
  • Hard credit inquiries

Follow these essential tips to improve your CIBIL score, increasing your chances of approval for a Loan Against Property:

  • Pay your EMIs on time
  • Maintain a balanced mix of secured and unsecured loans
  • Avoid multiple credit inquiries
  • Keep your credit utilisation ratio below 30%
  • Avoid settling debts

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Frequently Asked Questions

The minimum CIBIL score required for a Loan Against Property is 750.

You can improve your CIBIL score by making timely payments on existing debts, maintaining low credit card balances, and avoiding applying for new credit.

Yes, a CIBIL check is standard practice to assess your creditworthiness for a Loan Against Property.

You can check your CIBIL score for free from Poonawalla Fincorp’s official website and on the Poonawalla Fincorp app.