CIBIL Score is a three digit numeric summary of an individual’s whole credit history. It is prepared on the basis of information provided in your Credit Information Report. The credit score normally ranges between 300 to 900. CIBIL scores are one of the deciding factors for many banks when it comes of considering your loan or credit card application. The higher the score, the higher the opportunity of your loan application being examined and approved. However, the decision to approve loan or credit card application totally depends on bank to bank. CIBIL as an association does not play any role in this process.
Checking your CIBIL score is extremely simple and quick. You can check your own CIBIL report online; an online form is available on CIBIL’s website. It is easy as well as convenient, you can finish the whole process in just a matter of minutes with a very nominal free. Keep a check on your CIBIL score every now and then, and in case it is low, you can take required measures to improve it.