This tool allows you to calculate your credit report and CIBIL score. It is a three-digit numeric expression that represents your creditworthiness. If you are planning to apply for a loan, it is recommended to have your atleast 750 as your CIBIL score.
A credit score is a statistical representation of one’s creditworthiness. It helps in evaluating the ability to pay back the amount borrowed. A person’s credit score usually ranges from 300-900, and the one with the highest score is considered to be a trustworthy applicant. Always try to reach the highest in range as it becomes very beneficial at the time of applying for a loan whereas, if you have a low score or you fall in lower range this displays you are an irresponsible loan applicant and have not made timely payments of your loans/dues.
| CIBIL Score Range | What does it mean |
|---|---|
| 300-549 | This is the lowest CIBIL score range. it shows that you have delayed your credit card bill payments or loan EMIs and you are at a highrisk of turning into a defaulter. |
| 550 – 649 | Although this CIBIL score range is considered as fair, it shows that you have been struggling to pay the dues on time. |
| 650 – 749 | This CIBIL score shows that you have good credit behavior. you have a high chance of getting a credit card or loan approval. however, you may still not get the best rate of interest while applying for a loan. |
| 750 – 900 | CIBIL score above 750 is considered excellent and shows that you have consistently paid your dues on time and have an impressive payment history. since you are at the lowest risk of turning into a defaulter, lenders will give you loans easily and at lower interest rates. |