Nowadays, when we apply for a credit card or loan, the bank checks our CIBIL Score. Have you ever tried to know what is the CIBIL Score Full Form and What Is A Good CIBIL Score In India? Now we will solve your question through this article.

CIBIL Score Full Form

CIBIL Full Form “Credit Information Bureau India Ltd”. It is a credit rating agency in India that maintains credit records of individuals and businesses, which are used to generate a CIBIL score, a three-digit number that reflects an individual's creditworthiness.

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What Is A Good CIBIL Score In India?

The category in which a CIBIL score falls between 650 and 900 is discussed below.

• 755 and above: Excellent - This is considered a very good score, making it easier to get a loan or credit card with favorable terms and low interest rates.

• 700 to 750: Good - A score in this range is still considered good and you can get a loan with competitive interest rates.

• 650 to 699: Average - This score is considered average, and you may still be eligible for a loan, you may not get the best terms or interest rates.

• Below 650: Bad - A score in this range may result in loan rejection or high interest rates due to perceived risk by lenders.