What is CIBIL?
- 23:57
- by
- AVINASH SHARMA
CIBIL is the three digit number indicative of your credit behavior. Consider it marks given you by financial institutions for your financial behavior.. A high score means you have good money management skills and that you repay the debt with in due time. Likewise a low score raises questions about your financial credibility.
Bank always check your credit score before processing your loan or any kind of credit request A good credit score will help you get a loan or credit card easily. moreover you can , you can bargain for better rates of interest on loan if you have good credit score.In Nutshell, your credit score tells financial institution whether they can extend you credit facility or not.
0 comments:
Post a Comment