Скачать или смотреть Impact of Credit Score on Business Loan | Open Capital

Looking to expand your business? Your credit score plays a vital role in securing a business loan. Discover the factors that impact your credit score and increase your chances of approval. Paying off existing debt positively affects your credit score, while maintaining a low credit utilization ratio shows responsible credit management. Minimize credit inquiries to prevent negative impacts. A longer credit history and a diverse credit mix work in your favour.

For unsecured business loans, a CIBIL score above 700 is desirable, while secured loans accept scores ranging from 600 to 700. Achieving a desirable credit score empowers you to negotiate better interest rates, higher loan amounts, and flexible repayment terms.

Open Capital offers business loans up to 30 lakhs with minimal documentation and a fully online application process. Boost your credit score through responsible financial habits and timely repayments to secure a business loan on your terms. Don't miss out on opportunities—stay tuned for more insightful content on business loans.
For unsecured business loans, apply today at www.opencapital.co.in
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