To learn the CIBIL full form is somewhat significant because the CIBIL term is popularly being used in sectors like banking, finance, etc. If you borrowed a loan from any bank then this article is very very helpful and important for you. Because if you didn’t pay the repayment EMI to the bank then it directly affects your CIBIL score, so read this article carefully. So, without any time lag let us begin to study the meaning of the CIBIL term and to learn what is the CIBIL full form?
CIBIL Full Form
The full form of the CIBIL is the Credit Information Bureau India Limited
C – Credit
I – Information
B – Bureau
I – India
L – Limited
The CIBIL is nothing but the abbreviation of the Credit Information Bureau India Limited or Credit Information Company. It is a company and its main objective is to maintain the records regarding all the credit activities of companies and individuals who had credit cards and borrowed loans.
CIBIL Full Form In Banking
The full form of the CIBIL in banking is the Credit Information Bureau India Limited
C – Credit
I – Information
B – Bureau
I – India
L – Limited
In baking, the CIBIL means Credit Information Bureau India Limited, which is a company that maintains your all records regarding loans and credit cards. The CIBIL score varies between 900 to 300, if it is 700+ then it is the average score but if it goes down the 700 and up to 400 or 300 then it is a very bad score.
If you didn’t pay the credit card bill on time or the EMI of your loan on time then your CIBIL score gets reduced and you will become ineligible for getting another loan or credit card or may get a loan or credit card but on the large interest rate.
BW-CIBIL Full Form
BW-CIBIL full form is the Credit Information Bureau India Limited
C – Credit
I – Information
B – Bureau
I – India
L – Limited
CMR CIBIL Full Form
The CMR stands for the Customer Managed Relationship while the CIBIL full form is Credit Information Bureau India Limited
C – Customer
M – Managed
R – Relationship
C – Credit
I – Information
B – Bureau
I – India
L – Limited
DPD In CIBIL Full Form
The DPD stands for the Days Past Due and the CIBIL full form is the Credit Information Bureau India Limited
D – Days
P – Past
D – Due
C – Credit
I – Information
B – Bureau
I – India
L – Limited
CIBIL Stands For
The CIBIL stands for the Credit Information Bureau India Limited
C – Credit
I – Information
B – Bureau
I – India
L – Limited
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Read Also: PNR Full Form & Meaning
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FAQ
What Is The Meaning Of CIBIL Score?
The CIBIL score is the three-digit integer or number, and it varying from 300 to 900, which acts as a measure of your creditworthiness. The score is prepared after considering your credit history and details found in your CIBIL report, which is maintained as a record by TransUnion CIBIL.
Is 730 A Good CIBIL Score?
A 730 score is not bad but rising it is good for your credit report.
How Is CIBIL Score Calculated?
If you have to calculate your CIBIL score then
- Go to any site as https://www.cibil.com
- Enter essential information like PAN card no., date of birth, Email-ID, Mobile Number, etc.
- Submit, and wait for few seconds and then you get your CIBIL score.
Who Owns CIBIL?
TransUnion CIBIL is the parent organization.
What Does 700 CIBIL Score Mean?
A good CIBIL Score is a score between 700 to 900, which means the borrower has a higher chance of getting a higher loan amount at a low-interest rate. CIBIL has access to the credit information of around 600 million people and has 2,400 members that include lenders of all varieties.
What Is CIBIL And How It Works?
CIBIL is India’s first credit information company
CIBIL is the oldest credit rating agency in India and functions based on a license granted by the RBI. It adheres to the Credit Information Act of 2005 and records the repayment of loans and credit cards by both individuals and companies.
Read Also: IRDA Full Form & Meaning
Conclusion
In this article, I have given you the full form of the CIBIL in the form of its meaning and the full form. The CIBIL stands for the Credit Information Bureau India Limited, which is the company and its main objective is to maintain the records regarding all the credit activities of companies and individuals who had credit cards and borrowed loans. After reading this article you will make your knowledge level sound and from now on you will never forget the meaning of the CIBIL and the CIBIL full form.
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CIBIL Full Form
