If you planning to take a loan then the CIBIL score is your key number! CIBIL score is the first check that any lender does while evaluating your loan application. This is considered to be a proxy for your credit health or credit worthiness. It is observed that 90% of the loans are granted to those with a credit score of over 750. Higher your CIBIL score, better it is!

CIBIL score ranges between 300 and 900. It indicates the probability of default by a borrower based on credit history. CIBIL keeps a details log of all your EMI payments, cheque bounces and credit usage. You can get the CIBIL score from the official website of Transunion CIBIL free of cost once a year.