What does your CIBIL score Mean?

Do you find the financial world intriguing? It’s more likely that you have come across CIBIL scores at one point or another. Perhaps, you’re trying to figure out what is CIBIL score and how it is calculated. A CIBIL score represents an individual’s credit worth or credit history. It is a three-digit summary that considers a person’s credit report, credit rating, and credit history. Usually, a credit score, commonly known as the CIBIL score range, varies between 300 and 900. 

When you decide to obtain a loan from a lender, the lender will evaluate your loan repayment capacity, interest rate, and repayment tenure, as per your CIBIL score. The objective is to evaluate the risk that is involved when loans are offered to you.

When your CIBIL score is more than 750, it helps to establish trust between you and the lender. The lender will perceive that you are a person who has the capacity to repay loans without any delay- thus, the risk involved is assumed to be less. It will increase your chances of acquiring loans at extremely low-interest rates. 

Calculation of CIBIL score

CIBIL score login allows you to calculate the credit score accurately and in real time. An individual’s credit score fluctuates due to several variables, such as the nature of credit obtained, previous loan repayment history, loan repayment tenure, credit utilization ratio, existing loans, credit enquiries, and so on. These factors can have a significant effect on your overall credit score. 

How to improve your CIBIL score range?

A CIBIL score range above or between 750-800 shows a sound loan repayment capacity; a low credit score isn’t a good sign. However, you will always have an opportunity to improve your score by following the below-mentioned guidelines:

  • On-time repayment of loans:

    It is crucial to clear your EMI on time to prevent your CIBIL score from deteriorating. 

  • Try to repay more of the specified minimum balance:

    Do you use credit cards often? If yes, it’s important to repay more than the specific payment limit. It will help you to get rid of your loans and bills as soon as possible. Meanwhile, it will help you improve your credit score gradually. 

  • Keep your credit utilization limit low at all times:

    As per the norms, the credit utilization capacity should be upto 30% only. It should not be more than 30% of the total limit. Additionally, the credit mix should be optimal.

  • Avoid taking several unsecured loans:

    Having multiple unsecured debts at the same time can affect your credit score negatively. It is highly recommended for you to keep a healthy mix of unsecured loans and secured loans. For example, you can acquire secured loans such as a car or home loan and unsecured loans such as credit cards or personal loans to improve your credit score. 

  • Evaluate the credit score range frequently:

    CIBIL score login allows you to evaluate the credit score regularly. With the help of a simple and free-of-cost CIBIL score login, you can determine your creditworthiness. Some websites allow you to determine your CIBIL score once (free of cost), while others require you to choose from an array of affordable premium plans as per your budget. It’s highly recommended for you to track your CIBIL score frequently to avoid any mistakes or discrepancies down the line. It helps to ensure the credit score is in an optimal state. 


Want to acquire debts from registered and reliable sources at a low-interest rate / best interest rate available in the market or based on your terms and conditions? A CIBIL score login or Credit Score Above 800 Can help you in doing that! 

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