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Apply For Credit Card
a small plastic card issued by a bank, building society, etc., allowing the holder to purchase goods or services on credit. What is the CIBIL Score? Credit Information Report (CIR) summarizes your payment history of loans and credit cards borrowed from all banks and financial institutions. Based on this credit history, a ‘Credit Score’ is generated. The CIBIL Score is a 3-digit number ranging from 300-900. The closer your score is to 900, the stronger your credit profile.
A Credit Score plays a critical role in the loan and credit card approval process. This is the first screening criterion applied by banks and financial institutions when reviewing your loan application.
In the illustration below, two individuals with Credit Scores of 810 and 620 respectively apply for a home loan. Depending on the credit policy of the bank, it is more likely that the bank will screen the individual with an 810 Credit Score for further evaluation, while the application with the Credit Score of 620 may not be processed.
Apply For Credit Card
a small plastic card issued by a bank, building society, etc., allowing the holder to purchase goods or services on credit. What is the CIBIL Score? Credit Information Report (CIR) summarizes your payment history of loans and credit cards borrowed from all banks and financial institutions. Based on this credit history, a ‘Credit Score’ is generated. The CIBIL Score is a 3-digit number ranging from 300-900. The closer your score is to 900, the stronger your credit profile.
A Credit Score plays a critical role in the loan and credit card approval process. This is the first screening criterion applied by banks and financial institutions when reviewing your loan application.
In the illustration below, two individuals with Credit Scores of 810 and 620 respectively apply for a home loan. Depending on the credit policy of the bank, it is more likely that the bank will screen the individual with an 810 Credit Score for further evaluation, while the application with the Credit Score of 620 may not be processed.