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Credit score is a three-digit number that reflects your creditworthiness based on your borrowing and repayment history.
Your score is calculated based on factors like repayment history, credit utilization, credit age, credit mix, and recent loan enquiries.
Credit scores in India usually range from 300 to 900, with higher scores indicating better credit health.
A score of 700 or above is generally considered good and improves your chances of loan approval.
Lenders use your credit score to assess repayment risk and decide loan eligibility, interest rates, and loan terms.
No. Checking your own credit score is a soft enquiry and does not impact your score.
Your score is updated whenever lenders report new credit information, usually once every few weeks.
Scores change based on new repayments, missed payments, credit usage, loan closures, or new credit applications.
Late Payments, Defaults, High Credit Utilization, Multiple loan applications, Errors in the credit report
Pay EMIs and credit card dues on time, Keep credit utilization low, Avoid frequent loan applications, Maintain a healthy credit mix
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