Cibil Score Meaning In English
Cibil Score translation, meaning, definition, explanation and examples of relevant words and pictures - you can read here.
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Meaning
The CIBIL score is a 3-digit number between 300 and 900. It indicates how likely you are to make loan repayments and is, therefore, a measure of your creditworthiness. A better CIBIL score indicates that you are a less risky borrower.
Example
A CIBIL score is a credit score given by the Credit Information Bureau (India) Limited (CIBIL), one of India top credit bureaus. In order to keep a high CIBIL score, borrowers should make their payments on time, keep their credit utilization low, and prevent defaults and delinquencies.
Sentence
If your CIBIL score is high, that means you have a strong credit profile and are more likely to be approved for loan at reasonable interest rates.
