what is CIBIL score

In India, a CIBIL score is a credit score that is maintained by the Credit Information Bureau (India) Limited (CIBIL). A CIBIL score is a three-digit number that represents an individual's creditworthiness, based on their credit history. A higher CIBIL score indicates that an individual has a good credit history and is likely to be a low-risk borrower, while a lower CIBIL score may indicate that an individual has a poor credit history and is a higher-risk borrower. Lenders use CIBIL scores to determine an individual's creditworthiness when considering them for a loan or credit card.