Wondering how to check your credit score? Our article will guide you through the process and explain the importance of a good credit history
CIBIL Score Range | What it Means |
---|---|
300-549 | This represents the lowest range in the CIBIL score scale. It indicates a history of delayed payments on credit cards or loan EMIs, suggesting a heightened risk of potential default. |
550-649 | While falling within the fair range of CIBIL scores, this indicates challenges in meeting payment obligations promptly. |
650-749 | This CIBIL score reflects positive credit behaviour, enhancing the likelihood of credit card or loan approval. However, securing the most favourable interest rates during the loan application process may still be challenging. |
750 – 900 | A CIBIL score exceeding 750 is considered excellent; it indicates consistent on-time payments and an impressive payment history. With minimal risk of default, individuals with such scores can quickly secure loans from lenders at favourable interest rates. |