Welcome to 365eloans
Quick Apply for Loan
Welcome to 365eloans
Few Of Our Loan Partners
The benefits of 365eloans.com
for all your financial needs
All you need to know about CIBIL score
CIBIL(Credit Information Bureau (India) Limited) is also referred as Credit bureau. In India CIBIL is the first company which provides credit information to the banks of the customers. It was established in Aug 2000. CIBIL was licensed by the RBI and governed by the credit information company’s regulation Act. 2005. CIBIL brings a greater transparency and efficiency in the credit space. There are many companies who provides credit information but the record of CIBIL is trustworthy.
A credit score is provided by three credit bureaus of RBI, they are Equifax, Experian and CIBIL. CIBIL score is a three digit control number issued to every customers. Which ranges from 300-900. Best score is 900. If you don’t have any credit history then your credit score is -1. In case, if you have credit history of a period of 6 months then your score will be 0. Credit history builds within 18-36 months period. CIBIL score was calculated based on payments, usage of credit card, Balance between secured and unsecured loans, number of new accounts opened, how much amount deposited in account, loan queries from different lending companies, etc. It was analysed by CIBIL on monthly basis information of the customer and a report is created called as CIR.
Our Happy Clients
“I needed a loan to help pay for a trip home for me and my wife to Australia to urgently help our daughter as she was about to be admitted to hospital. I found the staff at 365eLoans very helpful and they were in constant contact with me with updates on the progress of my loan, which was excellent, because I needed the cash urgently for the travel costs.”
A new laptop for new opportunities “We’d never owned a computer before, but we really needed one so my husband could undertake the further study he needed to gain a certificate and a promotion. So when I saw a laptop on sale, I searched online for a loan to buy it and came across 365eLoans. I couldn’t believe how quick and straightforward the whole process was. I had approval on the same day and the money was in my account in the morning Rapid Loans service was spot on, they were very quick and they phoned me straight away to sort it all out.”