What is Cibil Score and Cibil Report?

Customers using credit cards will often discuss the CIBIL score. A CIBIL score is very important for taking a loan from a credit card or bank. The CIBIL score determines whether a loan will be obtained or not.  And if you get, then how much will you get? Many times people do not understand what it is about CIBIL score and CIBIL report. Today we are telling you about the CIBIL score and CIBIL report in this news.

What is Cibil Report


The CIBIL report contains all the information about your credit history. This includes personal information, contact details, job information, loan account, credit details. The last 36 months of your credit history are looked into for preparing the CIBIL report. 

Cibil Score

The CIBIL score describes how you have taken a stand on debt payments in the last 24 months. Credit information of more than six months is taken from the customer for preparing the CIBIL score. The CIBIL score is between 300 and 900. Scores of 750 to 900 are generally considered good for loans.

The CIBIL score mentions three digits. This shows whether the loan has been paid in time or not, if you have ever missed the loan, you have paid interest. Every information associated with your credit card is in the CIBIL score.

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