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Ankit Patil made post

What is a CIBIL score?

Answer
user profile image
2 years ago


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

The reason it is called CIBIL score is because it is the credit score or credit report provided by TransUnion CIBIL.

CIBIL provides banks and NBFCs with credit information reports (or credit reports) of individuals, which helps the lenders decide on whether to lend to a borrower or not.


user profile image
2 years ago


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

The reason it is called CIBIL score is because it is the credit score or credit report provided by TransUnion CIBIL.

CIBIL provides banks and NBFCs with credit information reports (or credit reports) of individuals, which helps the lenders decide on whether to lend to a borrower or not.