TransUnion CIBIL Limited (Formerly known as Credit Information Bureau (India) Limited) is a credit bureau that generates, maintains and calculates your CIBIL score. On the other hand, if you been disciplined with the repayments of your EMIs and credit card bills, and have not displayed any credit hungry behaviour by frequently applying for credit, your credit score shall tend to increase.

If you often miss or delay paying the EMIs of your loans or your credit card bills on time, your score is negatively impacted. For few banks/NBFCs, even the credit score of 700+ is also considered for credit card approvals. Usually, a credit score of 750 and above is considered a standard benchmark and preferred by lenders for loan or credit card approval. When you apply for any type of loan or a credit card, the lender requests a credit report check form the credit bureau to know your repayment capability and creditworthiness.ĬIBIL score ranges from 300-900 in which the higher your credit score, the more likely lenders are to approve you for new credit. Simply put, your credit score shows lenders whether you are a reliable borrower with minimum risk, or a risky one, as well as the likelihood of you repaying a new loan in time. CIBIL score is calculated and generated on the basis of the consumer's credit information provided by the lenders on a monthly basis. Credit score is also commonly referred as CIBIL Score that is primarily a measure of your ability to borrow from Banks/NBFCs.

Credit Score is a 3-digit numeric summary of your credit history that represents your past credit behaviour that how well you have managed your credit products, like home loan, business loan, auto loan, personal loan or credit cards.

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