What is CIBIL? How does it gets impacted?

Modified on Tue, 06 Dec 2022 at 09:06 PM

CIBIL (Credit Information Bureau (India) Limited) is a Credit Bureau or Credit Information Company. This company is engaged in maintaining the records of all the credit-related activities of companies as well as individuals including credit cards and loans. CIBIL score is a record of the loan history of all Indians. Banks and loan companies look at your CIBIL score to approve your loan.

Late payments can result in a low CIBIL score. A low score can make it difficult to get a loan from any bank or loan company. To maintain a good score pay your dues on time! 

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