2 years, 1 month ago
CIBIL Score: What's This, Why Is It Important, How To Improve Score? Check Details
News 18If you are planning to take a loan from banks or non-banking financial companies, you should have a good CIBIL score for easy approval and also for low interest rates. Importance of CIBIL Score If you go to take a loan or apply for a credit card, the bank checks your CIBIL score to ensure your creditworthiness and risk profile. Here’s are some of the important tips: 1) The credit utilisation ratio should be limited to 30 per cent for a good CIBIL score. So, any loan or credit card dues must be repaid within time to maintain good CIBIL score.
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History of this topic
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