A CIBIL score is a 3-digit number that summarises your credit history, rating, and report, ranging from 300 to 900. Your credit score is based on this data, and the company creates a Credit Information Report that includes details like your loan repayment history, credit card payments, and ongoing debts. UNDERSTANDING YOUR CIBIL SCORE AND ITS IMPACT ON LOAN APPROVAL …
If you are someone who is interested in borrowing a loan or if you want to apply for a credit card, then knowing your credit score is extremely important. Lenders also pay close attention to your credit score for granting you the interest rate, repayment tenure and principal amount for your loan. Nevertheless, it is interesting to note that the …
Your credit score reflects your credit health and affects your financial journey. The Bajaj Finserv Credit Pass is a game-changing innovation that helps you to track and analyse the key factors impacting your credit health. Importance of tracking credit health factors The table below outlines the weightage of each of the five key factors in calculating your three-digit CIBIL Score: …
Your CIBIL score represents your financial standing and other factors related to your credit behaviour. Having your credit utilisation ratio on the lower side is a great way to maintain your good CIBIL score. Dispute Errors In The Credit Report Your CIBIL score comes with a credit report containing information about your credit behaviour. In some cases, fraudulent transactions may …