how does cibil score work

The CIBIL Score is a 3-digit numeric summary, ranging from 300 to 900, that reflects your creditworthiness. It works by assessing your Credit Information Report (CIR), which includes details from your 'Accounts' and 'Enquiries' sections. Lenders use it to predict your ability to repay a loan—the closer your score is to 900, the better your chances of approval. Key factors that influence the score include:

• Your history of making timely loan and credit card payments.
• How much of your available credit limit you are currently using.
• The balance between secured and unsecured loan types.
• The length of your credit history and recent loan applications.