All of us at some point or the other take loans like home loan, car loan, personal loan, etc, from financial institutions. You may, in some instances, also find that the loan does not get approved in spite of your satisfying the loan eligibility criteria. It is then obviously time to learn that financial institutions approve or reject loan applications based on your credit history as reflected by the ‘Consumer Credit Information Report’ (CIR) (http://www.cibil.com/accesscredit.htm) developed by the Credit Information Bureau of India Limited, CIBIL.
Faulty credit report? How you can set it right
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