What is Cibil score and the Importance of checking Cibil score – HFS Blog

The CIBIL Score report is three-digit numeric used by banks and lenders to get the first impression of any borrower. Some key factors that impact a consumer's CIBIL Score are payment history, credit mix of secured or unsecured loans, inquiries. To conclude, the importance of CIBIL score cannot be overemphasised as it is one of the key factors considered by lenders while reviewing a loan application.