CIBIL score is a credit score provided by CIBIL. A CIBIL score is nothing but an individual’s credit score- a three-digit number that gives information on your credit-repaying history.

It is through this credit score that a lender (bank or non-banking finance company) decides whether to lend to an individual or not.

Thus, whenever anyone makes any enquiries on loans, he or she will often be asked his/her credit score.