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Cibil Score Features, Requirements for Loan, Score Value, Importance
What is Cibil Score: Login, Range, Calculation, Importance for Finance, Credit Score
Credit Score or Cibil Score is required when people were taking a loan from the bank. Bank evaluate our Cibil score to know we are able to return loan amount or not when we apply for the loan. Eligibility for the loan depends on the Cibil Score.
Steps to know Your Cibil Score:
1. Login into Cibil official website: https://www.cibil.com
2. After this, you will have to fill in your personal information such as name, address, age, and phone number etc.
3. If you want to know your credit score, please select the option shown on the display and pay a fixed fee for it. After clicking on Submit, you can get your credit score information on your email.
What is CIBIL Score?
In fact, records of payments related to your loans and credit cards in the Cibil score are deposited with CIBL by banks and other lenders on a monthly basis. This information forms the basis of your civil score and report, which is provided to the lenders to help them evaluate and approve your loan application. The bank checks its civil score before giving loans to the customer.
The bank checks its civil score before giving loans to the customer. The Cibil score ranges from 300 to 900. The more civil score, the easier it will be to get a loan. The Cibil score of 750 or more is good and with this help, you can get the best personal loan offer.
But, if your civil score is not good, then it means that you have not filled the loan taken in the past at the right time. In such a situation, your civil score will not be considered good and you may have difficulty in taking a loan.