What Is CIBIL?

What Is CIBIL?

CIBIL helps a lot when you want to know about your credit score and financial condition. You were probably engaged in some loans before, and yet you don’t really know whether you have a good or bad credit. Making just ONE late payment doesn’t always mean that you will automatically get negative or bad credit. But just to be on the safe side, it would be better if you can check from the reliable source.

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Understanding CIBIL

CIBIL is the short of Credit Information Bureau Ltd, which is operating in India. It is a Credit bureau that is first in India, which also makes it the first Credit Information Company, responsible for providing information about one’s credit history and record.


The main responsibility of the company is to gather information about one’s payment histories in relation to loans and credits. Besides collecting the information, they are also responsible for maintaining and keeping the information – especially around the area of credit card and loans. If you want to know whether you have a good credit score or not, assess the website and get the info in an instant.


How Is the Info Collected

So, how does CIBIL manage to collect and keep the information, anyway? Well, they work together with banks and lenders (mostly financial institutions) from a national scale. The banks and those institutions provide the records regularly – usually monthly. From those collected reports, CIBIL then develops CIR (Credit Information Report) and score. And this information (the score and the report) can be used by lenders to assess and evaluate any loan application. From the reports, lenders can decide whether a potential client should granted a loan or not. That’s why CIBIL has huge responsibilities and also functions, especially in relation to banking and financial situation.


If you want to learn more about CIBIL, you can always visit official website easily.