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Credit Score is a 3-digit number that represents a person’s creditworthiness. In simpler terms, it primarily measures your borrowing or credit repayment capacity at a given time. Your credit score predominantly depends on your repayment history. There are multiple credit bureaus that maintain and calculate your credit score such as Equifax, Experian, Credit Information Bureau (India) Limited (CIBIL) and CRIF Highmark. Lenders look closely at an applicant's credit score before approving the loan application.
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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