What is CIBIL?

What is CIBIL?

CIBIL – acronym for Credit Information Bureau (India) Limited – is India’s first credit information bureau. It acts as a database of credit history of borrowers. CIBIL provides this information to its members (lenders) in the form of credit information reports (CIR). The borrower should have a good CIBIL score to be able to get his loan approved.