Credit card customers are familiar with the CIBIL score. Whether it is the use of a credit card or the loan from the bank, the CIBIL score is of great importance. Through this, the way of getting your loan is cleared, as well as how much loan you will get is also decided. Many times people are confused with the CIBIL score and CIBIL report. Although the CIBIL score is still a known name, but when it comes to the CIBIL report, people go a little stuck here. Today I'm going to tell you about the difference between CIBIL score and CIBIL report in this article.

CIBIL Report

The CIBIL report contains complete information about your credit history. This includes details of your personal information, contact details, where you work, loan account, credit details. The last 36 months of your credit history are looked into for preparing the CIBIL report.

Three digits determine the CIBIL score. This gives information about whether you have taken the loan on payment of interest. You have paid all the amounts once or have paid the minimum amount. All information about this is in the CIBIL score.

The CIBIL score depends on how you approach the debt payment in the last 24 months. A credit information of more than six months of the customer is required to generate a CIBIL score between 300 and 900. A core close to 900 considered good for loans.

But the most common thing is that both the CIBIl report and the CIBIL score determine the eligibility of your loan, only after seeing it, the lenders give the loan. So if you are thinking of taking a loan from the bank or you have already taken a loan, then you keep your CIBIL score healthy. Pay the debt on time. Do not miss the payment date of the loan. 

 image credit : tatacapital