CIBIL Score — Credit Score
Loans term
A CIBIL score is a 3-digit number (300–900) summarising your credit history, used by lenders to decide whether to lend and at what rate.
A score above 750 typically gets the best rates and fastest approvals. It is built by paying EMIs and credit-card bills on time and keeping credit-card usage low.
More loans terms
EMIAn EMI is the fixed amount you pay your lender every month until a loan is repaid — covering both interest and principal.Reducing BalanceReducing-balance interest is charged only on the outstanding loan balance, which shrinks with every EMI — so the interest portion falls over time.Loan TenureThe tenure is the total length of a loan — the number of months or years over which you repay it.PrepaymentPrepayment is paying off part or all of a loan ahead of schedule, which directly reduces the outstanding principal.Floating RateA floating interest rate moves up and down over the life of a loan, tracking a benchmark such as the RBI repo rate.