Should I focus on the CIBIL score or the CIBIL report for my loan to get approved?


I want to apply for a loan for my business and want to know which part should I focus on, CIBIL score or CIBIL report.



Both of them are equally important to get the loan approved.

CIBIL report contains information like the contact details, professional details, loans that were taken previously, loan repayment history, any criminal history of the individual and also the credit details. All of this information describes the financial behavior of the individual.

CIBIL score is a 3-digit number, and is a summary of the CIBIL report or it can also be described as the numerical representation of the CIBIL report.

CIBIL score basically tells about the loans taken, the repayment history, and gives an idea about the possibility of timely repayment of the individual.