what does cibil score mean

A CIBIL score, issued by the Credit Information Bureau (India) Limited (CIBIL), is a three-digit number ranging from 300 to 900. It is a specific type of credit score that reflects your creditworthiness and history of borrowing and repayment behavior. Lenders use this score to evaluate the risk of lending money to you. A higher score, typically 750 or above, signals responsible financial discipline and increases your chances of getting loan approval at better interest rates and terms.