Credit Score India

What is a good credit score? Banks, NBFCs and other lenders use a 3 digit credit score to decide on loan approval. High credit score gets loans sanctioned easily. A good credit score saves on interest rates. You are in a position to negotiate with lenders and enjoy lower interest rates.

Having a good credit score doesn’t guarantee loans. It just improves chances of getting loans sanctioned. A CIBIL score is a 3 digit number between 300 to 900, which helps banks decide on sanctioning loans. TransUnion CIBIL is a credit information Company in India. CIBIL score of 750 and above is considered good. A credit information report or CIR gives history of credit behavior and contains detailed information on loans and credit cards.

Experian gives credit score between 330-830. A credit score of 750 and above is good. Experian offers credit score and credit report. IndianMoney has tied up with Experian to give free credit score.

To know more click here: Credit Score India