The CIBIL report and credit score enables potential lenders to get accurate and updated information on your credit worthiness which helps them make a more informed and objective lending decision. CIBIL itself does not make the lending decision, it merely provides the information that allows lenders to make more efficient and transparent decisions regarding loan applications. It saves lenders from spending time and money on background checks for every customer. They use the credit score to make a quick evaluation on whether to process the application further. After that, they have access to the detailed credit report to judge the applicant’s credit history and probability of repaying his debt obligations on time. CIBIL facilitates the credit approval process with its data-driven information.