What is CIBIL Score? — Meaning, Definition & Example
Definition
CIBIL Score is a three-digit credit score (300-900) assigned by TransUnion CIBIL that represents your creditworthiness. A score above 750 is considered good for loan approvals. It is based on your repayment history (35%), credit utilization (30%), credit mix (25%), and credit age (10%).
With a CIBIL score of 780, you can get a home loan at 8.5% interest, but at 650, the same loan might cost 10.5% or get rejected.
🇮🇳 CIBIL Score in Hindi / हिंदी में
CIBIL स्कोर — CIBIL स्कोर TransUnion CIBIL द्वारा दी जाने वाली तीन अंकों की क्रेडिट रेटिंग (300-900) है जो आपकी साख-योग्यता दर्शाती है। 750 से ऊपर का स्कोर लोन के लिए अच्छा माना जाता है।
CIBIL Score (Hinglish) — CIBIL Score TransUnion CIBIL dwara di jaane wali 3-digit credit rating (300-900) hai. 750 se upar good maana jaata hai. Ye aapki repayment history, credit utilization pe based hoti hai.