what is cibil score

The CIBIL Score is a 3-digit number, ranging from 300 to 900, that summarises your credit history. It acts as a measure of your creditworthiness and your financial discipline in repaying debts. Lenders use this score to evaluate the risk associated with granting you a loan or credit card. Generally, a score of 750 or above is considered excellent and greatly improves your chances of loan approval with better interest rates.