All about your CIBIL Score & Report



1.What is a CIBIL Report

* A CIBIL Report is a consolidated credit report that includes the consumer's CIBIL Score and credit summary, personal information, contact information, employment information, and loan account information.



2. Cibil report required ?

For most lenders, the minimum CIBIL score required to approve a personal loan is 750. Having a higher CIBIL score boosts your prospects of getting a better deal on your personal loan. A score on the lower side, however, hurts your chances of availing finance.



3.What cibil score is best?

Your CIBIL score, calculated based on your credit behavior as reflected in the 'Accounts' and 'Enquiries' section of your CIR, ranges between 300-900. A score above 700 is generally considered good.

Comments

Popular posts from this blog

Is bike insurance necessary?

RECRUITMENT OF 244 POSTS OF CONSTABLE (COMMUNICATION)

OSSSC Statistical Field Surveyor Online Form 2021