Credit Information Bureau (India) Limited is now popularly known as TransUnion CIBIL Limited. It is India’s first Credit Information Company (CIC) founded in August 2000. CIBIL gathers as well as maintains records of a person’s payments regarding loans and credit cards. All the collected information is utilized to generate Credit Information Reports (CIR). It basically plays the decisive role in country’s financial system. With good CIBIL score, you enjoy below mentioned benefits.
- Low interest rate loans as well as on credit cards
- More chances for quick approval for credit cards and loans
- With good score, you can negotiate in free spirit
Terms and conditions apply *
Normally the rate of interest on business loan is almost fixed throughout the tenure of the loan.
The indicative rate of interest charged by various banks are given in table as below, however final rate may differ depending on the profile of individual and parameters of bank