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Whenever you apply for loan, lenders check your CIBIL Score

Whenever you apply for loan, lenders check your CIBIL Score

Thursday, May 11, 2017, 5:14 PM

Records of your payments pertaining to loans and credit cards are submitted to CIBIL by banks and other lenders on a monthly basis. This information forms the basis of your CIBIL Score and Report which is provided to lenders in order to help them evaluate and approve your loan applications. Monitoring your CIBIL Score helps ensure that you maintain your score above 750.
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