what do you mean by cibil score

A CIBIL score, which stands for Credit Information Bureau (India) Limited, is a three-digit number between 300 and 900 that represents your creditworthiness and overall financial health. It is calculated by a credit bureau based on your credit repayment history, existing debt, and other factors. A higher score, generally 750 and above, indicates responsible credit management and significantly improves your chances of securing loans and credit cards with favorable terms.