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CIBIL Score Range

A credit score is a three-digit number that is a part of your credit report. It is calculated based on your past repayment records when you apply for a loan. You can check your credit score at any time to check your creditworthiness and whether or not you're eligible to apply for loans. Therefore, your credit score range plays a considerable role in determining whether or not your lender will approve your loan.

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What is the range of the CIBIL score?

You are CIBIL score me very depending on your past repayments record.

The score ranges from 300 to 900. 900 is the best score you can have before applying for a loan. Lenders will consider you as a responsible borrower and an ideal candidate to take out a loan from them. Before applying for a loan, find out what a good credit score range is that you need to have.

Let's find out how the different CIBIL scores can affect your creditworthiness.

Credit ScoreCreditworthinessApproval Chances
750-900excellentexcellent
700-750Very goodVery high
650-700fairgood
600-650doubtfulConsiderably difficult
Less than 600Urgent actions requiredlow

As you can see in the chat, the best CIBIL score range remains around 900. Even if you have a CIBIL score above 800, The chances of your loan application being approved will always be on the higher side.

If you have a CIBIL score of around 650- 750, your options will be medium. Whether or not you will be eligible to take out a loan will depend on your particular lender's terms and guidelines.

A good CIBIL score range remains around 750- 900. If you have a lower credit score, focus on improving your credit reports before applying for any loan, for it has a higher chance of getting rejected. A good CIBIL score remains around 752 900. If you have a lower credit score, focus on improving your credit reports before applying for any loan. It has a higher chance of getting rejected by your potential lenders.

Additional Reading: What is minimum cibil score?

How to check CIBIL score online?

If you intend to apply for a loan soon, make sure you check your current CIBIL credit score range to be on the safer side. If you do not check your current credit score and apply for a loan, you might face financial troubles in the future.

You do not have to visit the bank or the CIBIL company to check your CIBIL score online by following a few steps.

  1. First, visit the CIBIL company's official website to check your CIBIL score fast.
  2. You will be asked to put your personal details such as your email ID, phone number, address, to name a few.
  3. You will then be asked to confirm your email ID and phone number. An OTP will be sent to your registered mobile number or email ID. You will have to verify these details successfully.
  4. After you put these details successfully, your CIBIL score will pop up on the screen.
  5. You can also apply for personalised loan plans on the CIBIL company's official website.

The website will charge some amount to give you a personalised CIBIL report along with loan plans. Your current CIBIL score report will let you know whether or not you have an ideal credit score and you are eligible to apply for a loan at the moment.

You can also check CIBIL score range online for free by visiting the official website of the CIBIL company. Skip the paid version’s request page to check your range scores for free. Ensure you select all your details successfully to get the exact report you can rely on before applying for a loan.

Additional Reading: Check cibil score by pan card

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Impact of CIBIL Scores

Your CIBIL score gives you a summary of your credit history. The best CIBIL score range that you can have before applying for a loan is 900. The closer you get to 900, your loan requests will be approved by your lender. 

  • You will be offered some advanced terms and conditions that people with lower credit scores might not receive. 
  • Lesser interest rates will be applied to you, additional financial benefits will be given to you, and you will also receive better rewards and benefits in the future.
  • If you have a good CIBIL score, your credit card limits will also increase. Therefore you can increase your monthly expenses as well.
  • Your loans will get approved sooner when you have a credit score above 750/800.

Additional Reading: How to calculate credit score?

What Hurts Your Credit Score?

Your CIBIL report will be examined by the lenders when you apply for loans. It will help them understand whether or not you are a compatible customer who makes their repayments on time, have no history of missing out on deadlines, and have an overall good credit image. Several factors can affect your credit score. To maintain a good CIBIL score range consistently, you need to make sure you consciously make an effort to follow a few steps.

Some of the most essential yet straightforward steps that you need to keep in mind are as follows:

  • Make sure you pay your monthly bills, EMIs, credit dues on time. Do not delay making payments, for it can have a massive impact on your overall credit score.
  • Keep your monthly expenses within 30% of your credit card limit. Do not cross 40% every month to make sure you have a good CIBIL score range consistently.
  • Do not apply for multiple credit cards in a short span. Take at least a medium gap before you go ahead and apply for two or more credit cards. Having credit cards can make you look desperate.
  • Do not miss out on making repayments timely. Even a single let payment can hamper your credit score immensely. Your lenders may send out requests to credit agencies for enquiry purposes, eventually decreasing your credit score.

Additional Reading: What is Equifax credit score?

Benefits of a Good Credit Score

If you consistently have a credit score of 800 and above, it can be highly beneficial to you in the long run. You can enjoy several benefits by having a decent CIBIL score even when you don't apply for loans. If you consistently have a credit score of 800 and above, it can be highly beneficial for you in the long run.

The significant benefits that you can enjoy are:

  • Firstly, you can apply for several loans and credit cards when you have a good credit score. A good credit score indicates that you have been handling your expenses well and making repayments timely.
  • A decent credit score will help you receive multiple rewards and benefits from your lenders. You can pay lower interest rates if you maintain a good credit score.
  • You will also have higher credit limits to spend than others with lower credit scores. It will help you have a better lifestyle as per your choices.
  • Most lenders offer pre-approved loans to those who have a long and good credit history. Even in general cases, your loans will get approved sooner if you have a credit score of 850 and above.
  • Your credit score can also impact when you apply for a visa. With a good credit score, you can have additional momentum while applying for the visa.
  • Even if you think you do not need to apply for any loan or credit cards at present, maintain a good credit score for the future. Emergency loans such as home loans, wedding loans, home remodelling loans will also be affected by your credit score range.

Additional Reading: How to get instant loan for low cibil score?

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CIBIL Score Range FAQs

Is 700 a good CIBIL score?

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700 is a decent CIBIL score when it comes to applying for loans and credit cards. Try to increase your score for better rewards and opportunities offered by the lenders.

How can I get a 900 CIBIL score?

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To get a CIBIL score of 900, make sure you make your monthly EMI's, bills, and other payments on time. Do not make late payments. It affects your credit score immensely.

How is the CIBIL score calculated?

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Your CIBIL score is calculated based on your credit history of making repayments. It also depends on your credit utilisation, credit type, and credit age. How much you owed in the past and how you repaid the amount is the primary factor that determines your credit score.

How can I get an 800 CIBIL score?

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800 is an excellent credit score range. Maintain a good credit record. Do not apply for multiple credit cards, pay your bills on time, and make sure you keep your expenses within 30% of your credit limit. 

Who Computes Credit Score?

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Any of the 4 credit bureaus in the country takes the responsibility of computing your credit score. The CIBIL company calculates your CIBIL score as well.

How do credit scores change?

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Credit scores change from time to time based on your credit records. The way you pay your bills, EMIs, and handle your expenses using your credit card limit influence your credit score.

What type of information is included in my credit report?

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Your credit report includes details such as your personal details- email id, address, phone number, credit account history- borrowed accounts of the past, repayment details, late payments, and public records.