Credit rating

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Krushit Shah (Querist)
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06 June 2012 Whether Credit Rating is required for the Taking Loan from any Bank?

If yes than please tell me in which site it is stated??

Ki$hor B

Ki$hor B (Expert)
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06 June 2012 No, usually banks don't ask for credit ratings for disbursing loans.
However, some banks may ask if the loan amount is very high. Let me know your loan amount.

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Krushit Shah

Krushit Shah (Querist)
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09 June 2012 Thanks for your reply.

One Private Limited company wants loan from Bank. Loan amount is around Rs. 50 Lacs.

Also let me know limits of loan over which credit rating required?

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Ki$hor B

Ki$hor B (Expert)
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09 June 2012 For a loan of 50L you need not have a credit rating.