If there is one thing that bothers both the bank borrower and the bank officer, it is the CIBIL score. There are plenty of survivors on both sides who have been ruined by an incorrect Sibyl score. Sibyl is your credit utility scorecard. Horoscope of loans you have purchased so far.
Banks look at our Sibyl horoscope before approving our credit or credit card application.
CIBIL has prepared such a horoscope for all credit customers, i.e. CIR Credit Information Report and CIBIL Score.
Even if you have not borrowed yet, if you tell me your PAN number, they will give you a Sibyl horoscope like Vaitheeswaran Koil Olaichuvadi.
What is a CIBIL score:
CIBIL (Credit Information Bureau [India] Limited) is a Credit Bureau approved by the Reserve Bank.
Sibyl silently pursues all credit activities related to personal loans, credit cards, and other entities.
Sibyl collects information such as credit history and current status.
Banks and financial institutions that are registered as members of the CIBIL regularly submit to the CIBIL information such as the credit history of the borrowers, the current status of the loans, and so on.
Based on the information provided by these companies, Sibil prepares a horoscope for every person and company in India.
This is the CIBIL score:
Banks charge a fee to buy your Sibyl horoscope. You can unknowingly enter your personal identity (PAN number, passport, voter card, driving license, ration card) and view your Sibyl score. Banks must check that.
• The bank official will take action on how you lent money to someone who has a Sibyl score of 600 even though Sibyl could not repay the loan by giving the loan to a person who did not look like that ! Many are punished by pay cuts.
The list of entrepreneurs who have gone on foreign trips after borrowing crores in the county is getting longer day by day and it seems that they have not seen the Sibyl horoscope correctly.
At present there are a total of four credit bureaus in Sibil Model India. CIBIL (Credit Information Bureau (India) Limited) is the most popular among them. All credit bureaus are licensed by the Reserve Bank of India.
These sites will ask you to enter a lot of information including mobile number. Sibyl score is available if given.
What is the minimum Sibyl score to get a loan from a bank:
• Sibyl score ranges from 300 to 900. Must have a score above 650 to get instant sanction for credit or credit card.
The higher the Sibyl score, the higher the chances of receiving benefits such as a lower interest rate.
300 – 500 Sibyl Score:
You will not get a loan from the bank. It is in Madurai that someone lovingly lends. Access there.
550 to 600:
You are at the border. Focus on repaying purchased loans and streamlining card usage. The smaller the credit discipline, the greater the reward. (I.e. get more credit). Below is a guide (in 3) for you alone. Read that too.
650 to 700:
When you get 650 credit points, the doors open to get bank loans. A few banks may come forward to offer loan services with higher interest rates.
750 to 800:
This is a good Sibyl score. Banks come forward to lend without a second thought. It shows that you are a responsible person. You can show it to your dad. Will be proud.
Do not forget and show to friends. You may be annoyed to buy a loan in your name. Things not to do in life: Borrowing for the next, bailing out the loan.
850 to 900 Sibyl score:
Polite greetings. Community is a great place. You can access all the services and facilities of the banks, with as many offers as possible, sometimes even for free.
How to fix my diminished syphilis:
400, 420 cannot be fixed. If 550+ then try the following.
Pay your debts on time, in installments and on interest.
Credit card should not have outstanding balance. Tie up as soon as the bill or phone arrives. They give 35% weightage to repay the loan properly.
30% weightage on how much you use your credit limit. If you have always emptied the overdraft of 10 lakhs to 10.05 lakhs, the Sibyl mark will go down.
Bonus 15% Weightage if you have been a debtor for a long time, but repay regularly. A 10% weightage is also available if the loan is borrowed in multiples in combination.
If you go up and down one of the banks and often ask for loans and eat pajji sojji and leave. Banks often search for your horoscope in Sibyl, so your Sibyl mark will drop.
• That means Sibyl will be alert even if you carry out an investigation on behalf of the loan in your bank. Will write in your horoscope. Sibyl will change the mark. A 10% weightage to it if properly in this case.
Go to your bank and say, “Election is coming, sir, will you get a two crore loan? I can repay the collection in six months as an assault. I will also deposit a five crore deposit if you want.”
CIBIL – References:
If the friend has pledged the loan, look carefully to see if the friend is repaying the loan
When applying for a loan in the future, choose loans wisely.
If your parents have taken out an education loan for your future, you should repay it with gratitude.
If your recent loan application is rejected by the bank it will negatively affect your Sibyl score. Do not apply for another loan immediately, be comforted.
If you return your check that there is no money in your overdraft account, Sibyl will also return the face.
Sibyl may also be faulty. Sometimes it shows that the loan you have fully completed is still unpaid beyond the due date. Buy and check and arrange for correction.