CIBIL stands for Credit Information Bureau India Limited. This is a public limited company registered under the Indian Companies Act, 1956. As per the CIBIL, a Cibil score of 750+ is a must for obtaining a credit facility. The credit facility referred here pertains to loans in the form of personal, gold, home and business loans and credit cards. Therefore, any person in India who wishes to avail a credit facility in the form of loans and credit cards should obtain his/her credit score from the Company. All the public sector banks and private sector banks are enlisted with CIBIL to enable a 2-way process i.e. getting the loan and disbursal of loan.