Indian Business Ecosystem
Earlier, the success of business in India was dependent upon various factors including government licenses, bureaucracy, availability of finance and such others. Availing finance was a major concern for start-up as well as growing businesses due to the amount of paperwork involved.
What is a CIBIL Score?
CIBIL Score plays a very important role in a loan approval process. The loan financier predicts borrower’s repayment capacity from his past credit usage and repayment records. An individual’s CIBIL Score ranges between 300 to 900.