CIBIL Score is one of the fundamental requirements any person looking to apply for a loan should take
care of. CIBIL is the abbreviation for the Credit Information Bureau (India) Limited. This company is
India’s first Credit information bureau and, at present, holds the records of all credit-related activities of
the people. Banks submit various documents to the bureau usually on a monthly basis.
After the thorough analysis of the records, CIBIL generates a report called Credit Information Report or
abbreviated as CIR, which is used by the masses. This report has a score on it, which is your CIBIL score.
This score can be given to either people or companies.