Is there a minimum credit score required for a Repair/Top-Up Loan?

Yes, most financial institutions require a minimum credit score for a Repair/Top-Up Loan. Typically, a score of 650 or above is preferred:

• Good Credit Score: A score above 700 can help you secure better interest rates and higher loan amounts.
• Lower Scores: If your credit score is below 650, financial institutions may still offer a loan but at a higher interest rate or with stricter terms.

Financial institutions evaluate your credit score to assess your repayment capacity and financial responsibility. Improving your score before applying can help you get better loan terms.