Can having a credit score of 850 guarantee loan approval?

No, having a credit score of 850 does not guarantee loan approval. A perfect score surely puts you in the “excellent” bracket with lenders, but it’s just one factor in the entire approval process. Banks as well as NBFCs in India look beyond your CIBIL™ score before saying yes.

You may think: what if your income isn’t steady, or your documents don’t check out? Even with a high score, lenders can hesitate. Approval depends on:

• Income stability: lenders want to see regular, reliable earnings.
• Debt-to-income ratio: too many running loans, and you might look over-leveraged.
• Employment type: salaried vs self-employed can make a difference.
• Past repayment behaviour:  not just score, but recent EMI consistency.

So yes, an 850 score is fantastic it makes lenders eager to lend but it’s not the only thing needed for favourable loan terms and approval. Be mindful of the whole financial picture. After all, creditworthiness is more than just a number.