What is a credit score?
You may have heard the terms CIBIL and credit scores often. You should know your CIBIL score well if you are considering applying for a Credit Card or Loan. Let us understand credit scores better.
About credit scores
Your credit score represents your creditworthiness numerically. It tells your bank about your ability to repay the amount you borrow. The credit score represents your past credit behaviour. It also says how well you have managed your credit products, like a Home Loan, Car Loan, Personal Loan, or Credit Card.