Credit Score

02 Nov 2020

#creditscore 
CIBIL Score plays a critical role in the Loan Approval Process. Higher the Score, higher are your chances of Loan Approval.
CIBIL score or credit score is like your financial report card. It is a numerical representation of your repayment history.

CIBIL Score, also known as the TransUnion CIBIL score, is a 3-digit number ranging from 300 to 900. This score sums up an individual's credit behaviour- his credit repayment history, frequency of applying for loans/credit cards, etc.
A 775 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.

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