Is a credit score required to apply for a zero down payment two-wheeler loan?

Yes, having a good credit score is required to get approval for a zero-down payment two-wheeler loan. Here are some key points:

• Loan providers will check your credit report from bureaus like CIBIL as part of eligibility evaluation.
• The minimum credit score requirement is usually 700+ for two-wheeler loans without a down payment.
• Those with a credit score below 700 may find it difficult to get 100% financing approved.
• A healthy credit score reflects your timely repayment history and creditworthiness for future loans.
• Factors like loan defaults, credit card dues, and too many loan inquiries negatively impact your score.
• Maintaining high credit utilisation also lowers your credit score over time.
• Having a co-applicant with a good credit score helps improve the chances of zero down payment loan approval.
• Stable income sources and employment tenure are also considered along with credit score.