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It is a 3-digit number representing your borrowing or repayment capacity. A good score means you are a responsible borrower, making you eligible for loans and other forms of credit on favourable terms. However, a low score implies the opposite and can make access to credit challenging.
This score is calculated by credit bureaus and is predominantly based on several factors, including your repayment patterns.
In India, 4 credit bureaus maintain and calculate credit scores.
Score | Credit worthiness | Eligibility |
---|---|---|
900 - 750 | Excellent | Very High |
749 - 700 | Good | High |
699 - 650 | Fair | Possible |
649 - 600 | Poor | Low |
Below 600 | Very Bad | Very Low |
Range | Status |
---|---|
800-850 | Excellent |
740-799 | Very good |
670-739 | Good |
580-669 | Fair |
<579 | Poor |
It is important to check your credit score online in order to avoid any wrong or incomplete information. It also helps you to keep track and understand your credit position better.
You can follow the below simple steps to check credit score for free:
A credit score or CIBIL score is generally calculated on below factors:
There can be multiple reasons as to why your CIBIL score or other credit score keeps changing.
Your existing lenders, potential lenders and even insurance companies can access your CIBIL score or other credit score reports.
At present, you cannot check your credit score with the help of your Aadhaar card, since the credit score is linked to your PAN card. You need to provide your PAN number to get the score.
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