Why is a Good CIBIL Score Important for Taking Loans?
A credit score/CIBIL Score is a numeric score which depicts the creditworthiness of an individual based on his/ her credit history. Credit score is used by lenders in making lending decisions on a particular borrow request by assessing the repayment history of the borrower. CIBIL is one of the credit bureaus that prepare credit reports. CIBIL score can range from 300 to 900. A person with a higher score is considered as more trustworthy, financially. So, when you apply for un