CIBIL collects and maintains records of an individual’s payments pertaining to loans and credit cards. These records are submitted to CIBIL by banks and other lenders, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit scores which are provided to lenders to help evaluate and approve loan applications

This also creates a chicken and egg situation since you do not get a CIBIL score unless you have taken credit at some point
4 basis:
  • Payment history
  • Consistent high utilisation of credit limit
  • Mix of loan type
  • Having any new loans or recently issued credit card



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