Showing posts from May, 2022

CIBIL: Credit Score & Report - How is CIBIL Score calculated?

CIBIL Score in India is a three digit number. CIBIL score range lies between 300 to 900, which signifies the creditworthiness of an individual based on his credit profile and past repayment track record. All four credit scoring agencies in India; CIBIL, Experian, Equifax and Highmark use their proprietary calculations and algorithms to estimate your best credit score. Banks check CIBIL score before taking a decision to sanction you a loan. Hence, a Good CIBIL Score is one of the most important factors that can help you get the best loan at cheapest rates. CIBIL Score Range What It May Mean For Your Credit Health? 750 - 900 The CIBIL score range of 750-900 shows your exemplary credit history which will help you to get the loan with best market rates.   The score between this range shows your impeccable consistency in repayments made in the past.   With subject to credit report and eligibility, you will easily obtain home loan, car loan and other unsecured loans such as personal loans an