What is CIBIL? How to improve CIBIL score?
CIBIL is a 3 digit numeric code, a database of your credit information. A set of your past credit records and a criteria to know your credit worthiness. Banks and NBFCs primarily check your CIBIL score before approving your loan or credit card. Having a good CIBIL score can help you fetch good loans and credit cards.
Harry last edited by
I think a CIBIL score above 750 is good enough. You can get easy loan and credit card approval if you have good credit score. What are your views ? Clearing credit card bills on time is one way to build good score for getting personal loans approved.
Harleen last edited by
Paying your credit card bills on time is a great way to improve your credit score. If you think of applying for a personal loan, having an already good CIBIL increases the chances of easy approvals. A score between 750-900 usually enhances the possibility to get good amount of loan and quick approval.
Banks and NBFCs generally check your credit history before sanctioning any fresh loan.