Till last year you have to pay a nominal charge of Rs 550 to know your CIBIL score online. But after RBI Governor Raghuram Rajan’s declaration, from 1 Jan 2017, one can check their credit score from CIBIL website without paying money. But you have to pay for checking your Credit Report and the charges start… Read More »
CIBIL score is one of the most important factors that influence the decision of lenders when it comes to sanctioning a loan application. However it needs to be mentioned here that it is only one of the factors and there are other factors also that play a role in getting your loan application approved.
CIBIL score or credit score is an essential factor in determining whether your loan or credit card application will be approved or not. This score is calculated on the basis of your credit history – past credit debt, payment patterns, timely repayments and defaults. A high score establishes excellent credit worthiness while a low score… Read More »