What is CIBIL score?

A consumer's credit score is known as a CIBIL Score. In simple language, CIBIL Score is a three-digit numerical representation of a person's credit profile and a summary of their credit history. This depends on previous credit behaviour, like borrowing and repayment patterns that banks and lenders regularly disclose with CIBIL (details of which are included in the consumer's CIBIL Report). The probability that a consumer's credit card or loan application gets approved is high if your CIBIL score is near 900.