What is a credit score? It is 3 digit summary of credit history. Credit score tells banks if your loans should be sanctioned. Maintain a good credit score if you want home loan and car loan sanctioned. CIBIL score ranges from 300 to 900. CIBIL score of 750 and above is good. Experian credit information report gives loan history, the loans and credit cards availed, identity information and recent enquiries. Based on Experian credit information report you are assigned an Experian Score. Experian Score ranges from 330 to 830. Experian score of 750 and above is good.
Credit score range and what it means: Most credit scores are between 600 to 750. Credit scores of 700 and above are good and get loans sanctioned. A credit score of 800 and above is excellent. A high credit score gives banks and lenders the confidence that you will repay loans on time. Banks sanction loan against property, car loans, credit cards and even commercial vehicle loans if you have good credit score.
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IndianMoney has a tie-up with Experian to give free credit report and free credit score. Get free credit report in India with IndianMoney.com.
STEP 1 : You have to click on Get FREE Credit Score now!
STEP 2: Fill in the first name, last name, email address, gender, date of birth, address, pin code, city, PAN Card and Mobile Number.
STEP 3: An OTP is sent to your mobile number.
STEP 4: Fill up the OTP and tick, “Get my Credit Report”.
STEP 5: You will see credit score and credit account summary.
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