What is the importance of CIBIL & why it is checked?

CIBIL is also known as the Credit Information Bureau of India Limited. It plays a crucial role in the Indian financial setup. The organisation gathers information and calculates a CIBIL credit score for credit applicants. This score denotes the individualā€™s creditworthiness and ability to repay the loan. A person with a good CIBIL score is…...

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