Cibil Score

Cibil Score

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Cibil Score

A CIBIL Score is a consumer's credit score. Simply put, this is a 3-digit numeric summary of a consumer's credit history and a reflection of the person's credit profile. 

What is a CIBIL Score?

The Credit Information Bureau (India) Ltd, popularly known as CIBIL  is a Reserve Bank of India (RBI) authorised credit agency. It offers CIBIL scores and CIBIL reports for individuals. A CIBIL score is generated by the bureau after considering an individual’s detailed credit information. The agency also offers credit report services to the banks and other NBFC (Non-banking financial companies). A CIBIL score is a three-digit number between 300-900, 300 being the lowest, that represents an individual’s credit worthiness. A higher CIBIL score suggests good credit history and responsible repayment behavior. CIBIL scores are calculated on the basis of at least 6 months of historical financial data of an individual. The data is fed into an algorithm with 258 different variables; each with a different weightage.

A CIBIL Score is a numeric summary of credit history that is calculated based on the following factors:



Track Record of Past Payments
  • Record of all past repayments
  • Consistently making payments on time leads to a higher score
  • Delayed payments leads to a lower score
  • Recent delayed payments makes a more negative impact
Previous Settlements, Defaults, Write-offs
  • Recent write-offs impact more negatively than older ones
  • Multiple write-offs lead to lower score
  • Write offs documented by lenders on previous debts lower score
  • Delays or defaults on secured loan repayments impact more negatively than unsecured loans
Loans as Proportion of Income
  • Low loan balance indicative of healthy credit usage and thus higher score
  • High loan balance reduces score
Secured Loans vs. Unsecured Loans and credit cards
  • High credit card balances lower score
  • Reliance on unsecured loans (credit cards) over secured loans viewed negatively
  • Lesser number of such accounts coupled with frequent payment history pushes up score
Loan Equities
  • Many loan enquiries to avail loans indicative of “credit hungry” behaviour, negatively impacts score




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