For unsecured loans, all lenders heavily rely on your credit profile. It helps in assessing your creditworthiness based on your past dealings. Your score is based on your credit history, and you can’t maintain a good or excellent CIBIL score if you’ve defaulted or mismanaged credit in the past. Typically, the CIBIL score required for loan approval is 700, but we may approve an application if the score is 650 or higher.