CIBIL
Market basicsOne of India’s credit information bureaus, whose score is widely quoted.
In plain terms
You are entitled to a free report each year. Check the report, not just the number — errors are common.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
Read the full lesson →
Credit score
Market basicsAlso called: CIBIL score
A number summarising your repayment history, used by lenders to price loans.
In plain terms
It sets your borrowing rate, which decides the prepay-or-invest question. Worth several lakh on one home loan.