Hello,
I want to asked about CIBIL Score.Requesting your kind help to guide me.
Thank you.
Ans: A CIBIL Score is a three-digit numerical summary of your credit history. It is a measure of your creditworthiness, or your ability to repay a loan. Lenders use your CIBIL Score to decide whether to approve you for a loan, and if so, at what interest rate.
A good CIBIL Score is 750 or higher. A score of 300 to 600 is considered poor, and a score of 601 to 749 is considered fair.
There are a few ways to check your CIBIL Score:
• You can get a free CIBIL Score from the CIBIL website.
• You can check from any third-party app such as Paytm, Cred, etc.
• You can ask your bank or credit card company for your CIBIL Score.