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.
LandPel last edited by
You have to look upon the CIBIL score if you are going to take a loan from a bank. The first thing that is gonna asked by the bank to you is the CIBIL score. It is the 3 digit code and a score of around 700 is a good one. Thank you so much!