Many people think cibil score and credit score are same, but they are a little different. A credit score shows how good you are at handling loans or credit cards. The CIBIL score is one type of credit score given by a company called TransUnion CIBIL in India. There are also other companies like Experian, Equifax, and CRIF High Mark that give credit scores.
Your CIBIL score is between 300 and 900. A higher score means you have a better chance of getting a loan or credit card. Banks and lenders check this score to see if you can repay money on time. So, every CIBIL score is a credit score, but not every credit score is a CIBIL score. Knowing this helps you take better care of your credit and get loans faster.
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