Cibil score is one of the most important criteria used by banks to evaluate your credit proposal. It is a 3 digit score that varies from 300 and 900.

Cibil (Credit information bureau of India limited) was founded in 2000. All associated banks and NBFCs provide data to cibil regarding loan and credit card of their customers. Cibil collates data and prepare a credit information report (CIR) of borrower. This report is available to banks as well as borrowers at their website. Most of the banks utilize cibil report to analyze customer’s credit proposal.

The article on made me inform about how one can read and interpret his cibil report. This article on to be very informative and beneficial to me and if you are a fellow borrower you should definitely give this article a read.