CIBIL – CREDIT INFORMATION BUREAU (INDIA) LIMITED. what it is ? why it is?
Now let’s see how to understand CIBIL score.
1. Score of 600 and below – Not Good – Unlikely to get any loan/ credit card
2. Score between 600 – 700 – May get a loan or credit card but after some further investigations
3. Score between 700-750 – Satisfactory }
4. Score between 751 – 800 – Good }Good chances of getting credit card / loan
5. Score of 800 & above – Excellent }
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