What is bank what is credit card what is cibil score

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A bank is a financial institution that accepts deposits and provides loans. A credit card is a payment card issued by a bank to enable the cardholder to make purchases on credit. CIBIL score is a credit score used by banks and financial institutions to evaluate the creditworthiness of individuals and businesses.

A bank is a financial institution that provides various financial services such as accepting deposits, providing loans, and issuing credit cards.
A credit card is a payment card issued by a bank that allows the cardholder to make purchases on credit and pay back the amount later with interest.
CIBIL score is a credit score used by banks and financial institutions to evaluate the creditworthiness of individuals and businesses based on their credit history and repayment behavior.
A good CIBIL score is important for getting loans and credit cards with favorable terms and conditions.
For example, a person with a high CIBIL score is more likely to get a loan with a lower interest rate than a person with a low CIBIL score.

What is bank what is credit card what is cibil score

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