RBI New Rule For CIBIL Score

 RBI New Rule For Cibil Score: Now borrowers and those who have taken loans also have to be constantly vigilant because strict rules are now being implemented by RBI. RBI has this time made a rule on CBILL score which will affect borrowers and financial institutions as well as banks.

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RBI is constantly announcing new rules day by day, this time the new rule of RBI is related to CBL score.

According to this new rule of RBI, now banks and NBFCs. That is, the non-banking financial companies have been told to change the CIB score of their customers every 15 days. Now our CBIEL scores will change every two weeks.

That is, now if the customers do not pay the EMI on time, then within 15 days their CIBIL score will decrease. Moreover, the customers who are regular in loan and financial matters and their CIBIL score is low, then their CIBIL score will improve within fifteen days.

You must be aware that credit score or CIBIL score plays a very important role in getting a loan. So now customers have to keep an eye on their CIB score to take loan.

Benefit or loss from the new rule

The new rule regarding CBIEL score may prove to be beneficial for many and may also prove to be harmful for many. People who have bad CIBIL score but want to improve their CIBIL score quickly and be regular in financial matters on time.

So their CBIEL score can improve as it changes within 15 days. In addition, non-banking financial companies and banks that provide loans to their customers will benefit.

As the CIBIL score changes every 15 days they will know who is financially regular so that such institutions can get a quick idea of ​​who to lend and at what interest rate.

So friend, what do you think about this new rule of rbi, will you benefit or loss from this rule, comment and show the need. Also, if you have any friend who is active in loan etc., please share this article, thanks.