Everything you need to know about a CIBIL score

TransUnion Credit Information Bureau (India) Limited known as CIBIL is the first credit information company in India. The primary function of CIBIL is to collect and maintain monthly credit information reports (CIR) from banks and financial institutions. These reports contain information regarding an individual’s payment track record. On the basis of the information contained in the CIR, CIBIL generates a three-digit score called a Credit Score, popularly known as CIBIL Score. In other words, the CIBIL Score is a summary of the credit history of an individual. This score indicates…

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What is a CIBIL score and how can you check it online?

Tina is planning to get married next year. Since her father has retired from services, Tina wants to bear the cost of the wedding. She has been saving up for the wedding. But she feels that taking a personal loan can also boost her liquidity. As she was checking out the various personal loan offerings, she saw that a CIBIL Score is very important for a loan application to be processed. So let us see what is a CIBIL score and how can you check CIBIL Score online for free.…

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How is CIBIL score calculated?

Owning a house in Mumbai is a dream come true for many. Seema is on her way to realize her dream – she is planning to buy a house. She has decided to avail of a home loan to help her make her dream into a reality. So she decided to browse the internet to check the essential documents she would need to furnish for processing her loan application. One of the things that caught her attention was a credit score. She discovered that the chances of her loan application…

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