CIBIL score is one of the main reference points for Indian banks to decide a person’s eligibility for loans, credit cards and other money matters. Finance houses are subscribers of the CIBIL reports which enable them to cross-check the CIBIL status of their potential customers before sanctioning credit requests. Banks often disclaim funding requests from CIBIL defaulters who typically have a low credit score. Looking forward to applying for a loan? Credit card application rejected because of CIBIL? Nowadays, it is possible to check CIBIL status online for free. You need PAN card, or a similar financial identifier to accurately define your profile on CIBIL records.