CIBIL
Business & Finance abbreviation · Personal Finance
| Stands for | Credit Information Bureau (India) Limited |
|---|---|
| Categories | Business & Finance |
CIBIL stands for Credit Information Bureau (India) Limited, a personal finance abbreviation.
India's best-known credit bureau, whose CIBIL score ranges from 300 to 900 and is checked by banks and lenders before approving loans and credit cards. Scores above roughly 750 are generally considered good for loan approval.
Example: The bank rejected my home loan because my CIBIL score was below 650.
Usage notes
Founded in 2000 and now majority-owned by TransUnion, the company operates as TransUnion CIBIL. Indians often say "CIBIL score" for any credit score, even though Experian, Equifax and CRIF High Mark also operate bureaus in India.
Related abbreviations
More personal finance abbreviations
- AER – Annual equivalent rate
- APR – Annual percentage rate
- APRC – Annual percentage rate of charge
- APY – Annual percentage yield
- AU – Authorized user
- BT – Balance transfer
- CRA – Consumer reporting agency
- DB – Defined benefit plan
- DC – Defined contribution plan
- DCFSA – Dependent care flexible spending account
- DINK – Dual income, no kids
- DMP – Debt management plan