A credit score is a number between 300 and 900 assigned to you by credit bureaus (such as CIBIL). The higher the score, the better are the chances of your loan application (be it for any kind of loan including but not restricted
to personal loans) getting approved. If you have a high credit score you may also get a higher loan amount or lower loan rates. However, a score below 750 may reduce your chance of getting a personal loan or grant you
a lower amount or a higher interest rate. If your score is below 600 it is advisable to try and find out why your credit score is low. It could be due to past behaviour, such as consistently missing or delaying past
EMIs, excessive purchases made on credit, or applied for loans or credit cards with many banks, etc.