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CIBIL score is NOT mandatory for first-time loan applicants

29 August 2025 · 1 min read · Abhinav Srivastava

CIBIL score is NOT mandatory for first-time loan applicants

The Finance Ministry has clarified that CIBIL score is NOT mandatory for first-time loan applicants. This move opens doors for individuals with no credit history to access loans easily. Banks & lenders will explore alternative ways to assess eligibility. A major step towards financial inclusion in India.

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