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.
Want to know more on Home Loans? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.
SEE ALSO: Mental Illness: Health Insurance
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.
SEE ALSO: Tax Benefit For Home Loan
SEE ALSO: Personal loan in India
4. Steps to get your free credit score?
Have a complaint against any company? IndianMoney.com's complaint portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and lodge your complaint. If you want to post a review on any company you can post it on Indianmoney.com review and complaint portal IamCheated.com.
You May Also Watch:
Keep your Financial Cognizance up to date with IndianMoney App. Download NOW for simple tips & solutions for your financial wellbeing.
Be Wise, Get Rich.
The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.
Subscribe to our Youtube Channel
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.