CIBIL: 8 key indicators of a good credit score that you need to be aware of
11 months, 3 weeks ago

CIBIL: 8 key indicators of a good credit score that you need to be aware of

Live Mint  

A good CIBIL score, or credit score, is indispensable to procure loans and credit cards at favourable terms. For instance, if Mr Ajay pays his bills on time, never crosses 30 percent of his credit card limit, uses a diverse set of credit types, never defaulted on any bill, and has a long credit history – then the chances of a high credit score are exceptionally high. Best Personal Loan for you at lowest interest rate Instant Apply Conversely, if Mr Tommy often misses on his payments, used 80 percent of his credit card limit, defaulted a number of times on his loan EMIs, then the chances of his low credit score would be high. Credit limits: Higher credit limits and larger loan amounts with responsible repayment can impact the CIBIL score positively, as they show trust from banks.

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History of this topic

TransUnion CIBIL CEO talks about powering India’s economic growth through responsible credit
2 months ago

TransUnion CIBIL CEO talks about powering India’s economic growth through responsible credit

Live Mint  

Credit bureaus play a vital role in supporting a growing economy by facilitating access to credit, reducing information asymmetry, and improving risk management. Through TransUnion CIBIL, we have ensured that the lenders get information about the consumer’s repayment history and their score, which helps them assess the consumer’s credit worthiness objectively and ensure that loans or credit facilities are provided …

CIBIL Score Ranges: What score do you need for a personal loan?
2 months, 3 weeks ago

CIBIL Score Ranges: What score do you need for a personal loan?

Live Mint  

Personal loans can help you with financial assistance which can provide you instant cash if you are in an emergency or are in need of extra funds to cover your finances for a big event or if you just want to treat yourself with a luxurious gift. The CIBIL score reflects your credit history which is an important factor for …

What does ’written off’ mean in your CIBIL report and how it affects your credit score?
2 months, 3 weeks ago

What does ’written off’ mean in your CIBIL report and how it affects your credit score?

Live Mint  

Getting a credit card, a loan, and even some houses will be affected based on your credit history; in other words, credit history is a huge component of your financial life. The credit history will be listed in a comprehensive report done by CIBIL; this is kept updated by Credit Information Bureau Limited-CIBIL and contains loans, credit card information with …

Boost Your Credit Score: Tips to Achieve and Maintain a Healthy CIBIL Score
2 months, 4 weeks ago

Boost Your Credit Score: Tips to Achieve and Maintain a Healthy CIBIL Score

ABP News  

Credit is an easily available commodity in today's market. CIBIL Score represents the credit bureau's name, the Credit Information Bureau Limited. The CIBIL score reflects the credit history of an individual and lets the lenders understand how reliable an applicant is as a borrower. Several factors can have an impact on this score such as credit card applications, due payments, …

Reshaping India’s Finance Ecosystem: The TransUnion CIBIL Story
3 months ago

Reshaping India’s Finance Ecosystem: The TransUnion CIBIL Story

Live Mint  

As the Indian economy rapidly expands, flourishing into a vibrant ecosystem filled with immense opportunities, financial inclusion has emerged as a prominent backbone. TransUnion CIBIL: The Start of India’s First Credit Information Bureau The in-person conversation was a riveting journey encompassing the history of India’s credit sector and where the economy is headed. Check your CIBIL report and CIBIL score …

Reshaping India’s Finance Ecosystem: The TransUnion CIBIL Story
3 months ago

Reshaping India’s Finance Ecosystem: The TransUnion CIBIL Story

Live Mint  

As the Indian economy rapidly expands, flourishing into a vibrant ecosystem filled with immense opportunities, financial inclusion has emerged as a prominent backbone. TransUnion CIBIL: The Start of India’s First Credit Information Bureau The in-person conversation was a riveting journey encompassing the history of India’s credit sector and where the economy is headed. Check your CIBIL report and CIBIL score …

RBI’s CIBIL score rules: A must-know guide for borrowers
3 months ago

RBI’s CIBIL score rules: A must-know guide for borrowers

Live Mint  

Your creditworthiness is depicted by your CIBIL score, which is a three-digit figure normally ranging from 300 to 900. It is determined using information from your credit report, which comprises: Payment history: The timeliness of your bill payments. CIBIL score guidelines RBI has updated the CIBIL rules in April 2024, for more transparency in credit management and being consumer-friendly, with …

Credit Score vs. CIBIL Score: Which one matters more for loans?
3 months, 1 week ago

Credit Score vs. CIBIL Score: Which one matters more for loans?

Live Mint  

Assessing your financial health is extremely important for your future borrowings. If you are planning to consider a personal loan or a credit card, then you must have come across the terms ‘credit score’ and ‘CIBIL score’. A CIBIL score is a three digit number which is maintained and provided by the TransUnion CIBIL, one of the four credit bureaus …

CIBIL score to get a home loan: How high should it be?
3 months, 1 week ago

CIBIL score to get a home loan: How high should it be?

Live Mint  

Many people want to become home owners, and owning a home might be as simple as taking a home loan. One of the necessary requirements is that you ought to be credit-worthy, as a high CIBIL score increases your opportunities of acceptance besides helping to bargain better terms for loan. Here we will know the minimum required CIBIL score for …

What affects your CIBIL score? 10 key factors you need to know
3 months, 1 week ago

What affects your CIBIL score? 10 key factors you need to know

Live Mint  

When you apply for a loan or a credit card, banks check several factors to approve your request. Banks check CIBIL scores to determine the terms of the loans and approve your request for a loan or a credit card. A high CIBIL score will help you get your loan and credit card requests with better interest rates. Top 10 …

Understanding CIBIL: What is it and how it works?
3 months, 3 weeks ago

Understanding CIBIL: What is it and how it works?

India Today  

A CIBIL score is a 3-digit number that summarises your credit history, rating, and report, ranging from 300 to 900. Your credit score is based on this data, and the company creates a Credit Information Report that includes details like your loan repayment history, credit card payments, and ongoing debts. UNDERSTANDING YOUR CIBIL SCORE AND ITS IMPACT ON LOAN APPROVAL …

Facing credit issues? Here are 5 easy ways to improve your CIBIL score
Trending News
3 months, 3 weeks ago

Facing credit issues? Here are 5 easy ways to improve your CIBIL score

India Today  

Many people use credit cards for purchases and services, often attracted by convenience and benefits. Your CIBIL score is a 3-digit number ranging from 300 to 900, summarising your credit history and repayment behavior. A good score often leads to benefits like higher credit limits, faster loan approvals, and better loan terms. Here are simple tips to help you improve …

Credit score vs credit report: Know the major difference between financial terms
3 months, 3 weeks ago

Credit score vs credit report: Know the major difference between financial terms

Live Mint  

Credit reports and scores are vital determinants in the contemporary financial world as they determine our prospects. Credit reports include all about a person's credit life history, it tells their credit use, pay status history, different types of credit as well as any open-for-public records showing financial actions. Many lenders also consider credit scores from multiple bureaus and often use …

Credit Score: What is it and how does it affect your loan approval?
4 months ago

Credit Score: What is it and how does it affect your loan approval?

Live Mint  

If you are someone who is interested in borrowing a loan or if you want to apply for a credit card, then knowing your credit score is extremely important. Lenders also pay close attention to your credit score for granting you the interest rate, repayment tenure and principal amount for your loan. Nevertheless, it is interesting to note that the …

Want a good credit score? Here are 8 key factors you must know
4 months ago

Want a good credit score? Here are 8 key factors you must know

Live Mint  

Credit score is an important financial metric that represents your credit worthiness. Understanding credit score Credit score is a numerical value representing one’s ability to manage loans or borrowed funds alongside interest. Payment history: The ability to repay the loans and credit card payments on time, is one of the biggest factors determining credit score. If any information such as …

What is a credit score and ways to maintain a good score?
4 months, 1 week ago

What is a credit score and ways to maintain a good score?

Live Mint  

In today’s financial world, credit score is one of several important measures which describes a person’s financial situation. Equifax score: Equifax has credit scores that can be anywhere from 300 to 900 with 750 and above rates being considered good. How to interpret a credit score In India, credit scores typically fall into the following ranges: 300-549: A low credit …

Do you need a CIBIL score to get a job as a bank clerk? Job seekers resist the idea a great deal
8 months, 3 weeks ago

Do you need a CIBIL score to get a job as a bank clerk? Job seekers resist the idea a great deal

Live Mint  

How is it to miss out on a job opportunity for want of a good CIBIL score? “When we are not taking any loans, what is the justification for making the CIBIL rating one of the selection criteria?” N Sravan Kumar, a software engineer preparing for bank exams, said upon being asked about the latest notification for clerks in public-sector …

CIBIL: How to improve your credit score with a mortgage loan?
11 months ago

CIBIL: How to improve your credit score with a mortgage loan?

Live Mint  

Taking a mortgage and managing it in a responsible way can improve your CIBIL score. Best Personal Loan for you at lowest interest rate Instant Apply This is how mortgage helps borrowers improve CIBIL score: Payment history: Making regular mortgage payments shows to credit bureaus that you are a responsible borrower. Overall, responsibly managing a mortgage can be a positive …

How to improve CIBIL score in the long term? Here are six strategies
11 months, 2 weeks ago

How to improve CIBIL score in the long term? Here are six strategies

Live Mint  

Improving your CIBIL score in the long-term calls for consistent effort and responsible financial habits. Best Personal Loan for you at lowest interest rate Instant Apply Follow these six strategies to improve your credit score in the long run. Pay bills on time: Payment history is a significant factor in your credit score. Authorised user: If someone you trust has …

How can young professionals establish good CIBIL scores? Here are 6 key steps
11 months, 2 weeks ago

How can young professionals establish good CIBIL scores? Here are 6 key steps

Live Mint  

Establishing a good CIBIL score is vital for young professionals since this can positively impact their ability to access credit in the future. Pay bills on time: Regular payment of bills, including credit card bills, EMIs, and utility bills, is vital for building a good credit score. So, by following these steps, young professionals can establish and maintain a good …

What Is The Minimum CIBIL Score Required For Car Loan
1 year ago

What Is The Minimum CIBIL Score Required For Car Loan

News 18  

Maintaining a high CIBIL score is crucial when applying for various types of loans including personal, home, or car loans. A high credit score signifies trustworthiness and responsible credit behaviour, leading to lower interest rates on vehicle loans offered by top banks and Non-Banking Financial Corporations. A higher credit score may also enable you to acquire a reduced interest rate …

CIBIL Score: What is it and why is it important? Key questions answered
1 year ago

CIBIL Score: What is it and why is it important? Key questions answered

Live Mint  

A CIBIL score is a numeric representation of creditworthiness of borrower or investor. Range between 300 to 900 The CIBIL score typically ranges from 300 to 900 with a higher score reflecting better creditworthiness. Best Personal Loan for you at lowest interest rate Instant Apply Importance of CIBIL score Credit limits: A good CIBIL score usually leads to higher credit …

A high CIBIL score like that of Priyasha Saluja is possible with responsible credit usage; here's how
1 year, 2 months ago

A high CIBIL score like that of Priyasha Saluja is possible with responsible credit usage; here's how

Live Mint  

Aiming for a high CIBIL score is valuable, as it unlocks access to various financial advantages. Sustain a favourable credit card utilization ratio A high CIBIL Score is not impossible. Ensuring a favourable credit card utilization ratio can help in enhancing and sustaining a healthy credit score. Clear your balance completely : The most effective approach to maintain a low …

How To Build Your CIBIL Score By Using Credit Cards? Here's A Guide
1 year, 7 months ago

How To Build Your CIBIL Score By Using Credit Cards? Here's A Guide

ABP News  

Applying for a credit card or loan has become very easy in today's digital world. Financial institutions depend heavily on the CIBIL score to verify the eligibility of applicants before issuing a credit card or loan. Credit Cards And CIBIL Score While we understand that the CIBIL score is based on an individual’s credit history, it would be wrong to …

All You Need To Know About CIBIL Score, Its Importance In Taking Loans, Credit Cards
1 year, 11 months ago

All You Need To Know About CIBIL Score, Its Importance In Taking Loans, Credit Cards

News 18  

There is a large number of people in the country who have taken or are planning to take loans, credit cards or other lines of credit from banks or other financial institutions. While approving loans or credit cards to a borrower, the financial institutions look into the CIBIL score of the person. Whenever one goes to take a loan, or …

What Is CIBIL Score? Check Its Importance, How To Check Online
2 years, 1 month ago

What Is CIBIL Score? Check Its Importance, How To Check Online

News 18  

The borrower’s CIBIL score is looked into while seeking loans from banks or any other financial institution. Importance of CIBIL Score If you go to take a loan or apply for a credit card, the bank checks your CIBIL score to ensure your creditworthiness and risk profile. Banks also offers cheaper loans to those having good CIBIL score. Following are …

Planning To Take A Loan? Know What is CIBIL Score; Check All Details
2 years, 1 month ago

Planning To Take A Loan? Know What is CIBIL Score; Check All Details

News 18  

Taking a loan for accomplishing an important task is considered as a well-thought decision. Budget 2023: Senior Citizens Savings Scheme; Rs 30 lakh Deposit Limit, Check Interest Rate And Other Details Your CIBIL score ranges from 300 to 900 and the higher your score, better are your chances of getting a loan approved. High credit utilisation: A high credit utilisation …

Credit Score Calculation: What is a CIBIL score and how is it calculated?
2 years, 3 months ago

Credit Score Calculation: What is a CIBIL score and how is it calculated?

Live Mint  

Credit Score Calculation: Credit scores are calculated considering a number of factors. CIBIL Score, also known as Credit Score, is a three-digit numeric summary of a borrower’s credit history. 6) Type in the OTP and select 'Continue' {{^adFree}} {{/adFree}} 7) Select 'Go to dashboard' and check your credit score 8) Upon successful verification, you will receive your CIBIL score report …

CIBIL score: This is how to check it online
2 years, 3 months ago

CIBIL score: This is how to check it online

Live Mint  

CIBIL score or credit score is the reflection of a person’s credit history and is the first checks banks or any other financial institutions do to check the credibility of the borrower. Here's how to check CIBIL score Cibil score is calculated on the basis of at least 6 months of historical financial data of an individual. However, if your …

CIBIL Score: What's This, Why Is It Important, How To Improve Score? Check Details
2 years, 5 months ago

CIBIL Score: What's This, Why Is It Important, How To Improve Score? Check Details

News 18  

If you are planning to take a loan from banks or non-banking financial companies, you should have a good CIBIL score for easy approval and also for low interest rates. Importance of CIBIL Score If you go to take a loan or apply for a credit card, the bank checks your CIBIL score to ensure your creditworthiness and risk profile. …

Steps To Download CIBIL Report And 4 Tips To Improve Your Credit Score
2 years, 6 months ago

Steps To Download CIBIL Report And 4 Tips To Improve Your Credit Score

ABP News  

Your loan eligibility is greatly dependent on your CIBIL score. Steps To Download Credit Report From CIBIL Website Before you can download your credit report from the CIBIL website, you first need to create your account and generate CIBIL login credentials. Go to dashboard Click on ‘Check CIBIL Score’ Click on ‘View My Report’ Check your credit report Click on …

Interest Rate Hike On Loans By Banks: Know How CIBIL Score Can Help You Save Money
2 years, 9 months ago

Interest Rate Hike On Loans By Banks: Know How CIBIL Score Can Help You Save Money

News 18  

As the Reserve Bank of India is raising its policy rates to control high inflation, banks are also following the suit and increasing interest rates on various loans. Here’s how a good CIBIL score can get you a cheaper loan and how to maintain a good score: CIBIL Score and Loan Approvals Banks approve loans or issue credit cards to …

CIBIL: How To Check Score Online; Tips To Improve And Maintain Good Rating
2 years, 10 months ago

CIBIL: How To Check Score Online; Tips To Improve And Maintain Good Rating

News 18  

CIBIL score is a rating given to borrowers for their past credit repayment history, which shows the credit discipline of the person and also creditworthiness. Type in the OTP and select ‘Continue’ 7) Select ‘go to dashboard’ and check your credit score 8) You will be redirected to the website, myscore.cibil.com 9) Click on ‘member login’ and once you log …

CIBIL Score: Faster Loan Approval, Cheaper Loans; Know How Good Rating Is Beneficial
2 years, 11 months ago

CIBIL Score: Faster Loan Approval, Cheaper Loans; Know How Good Rating Is Beneficial

News 18  

At the time of seeking loans from banks or any other financial institution, the borrower’s CIBIL score is looked into. Banks approve loans or issue credit cards to only those having a good CIBIL score. Here’s why a good CIBIL score is important and what’s the benefit of a good CIBIL score: Cheaper Loans: Banks offer interest rates on loans …

Banks Check CIBIL Score to Approve Loans, Credit Cards; What Is It, Why Is It Important?
2 years, 11 months ago

Banks Check CIBIL Score to Approve Loans, Credit Cards; What Is It, Why Is It Important?

News 18  

There is a large number of people in the country who have taken or are planning to take loans, credit cards or other lines of credit from banks or other financial institutions. While approving loans or credit cards to a borrower, the financial institutions look into the CIBIL score of the person. Whenever one goes to take a loan, or …

High CIBIL score helps to get home loan at discounted rate. Paying credit card bills on time save money via future loans
3 years, 6 months ago

High CIBIL score helps to get home loan at discounted rate. Paying credit card bills on time save money via future loans

Live Mint  

In the wake of the festive season, HDFC is offering a discounted rate of interest at 6.7 percent per annum on home loans. For those with a relatively lower credit score, the interest rate will be charged in the range of 6.8 percent to 7.3 percent per annum for loans under ₹30 lakh. Your credit card spend affects CIBIL score …

CIBIL Score: Metric estimates your ability to repay personal loan; check steps to calculate your score here
3 years, 10 months ago

CIBIL Score: Metric estimates your ability to repay personal loan; check steps to calculate your score here

Firstpost  

A credit score above 750 is considered excellent and can get approval for a personal loan at lower interest rates A personal loan is one of the most common borrowing options for people seeking funds for a variety of personal reasons. A credit score above 750 is considered excellent and can get approval for a personal loan at lower interest …

CIBIL Score Updation Borrower's Statutory Right; Credit Information Companies Bound To Consider Objections : Kerala High Court
4 years, 2 months ago

CIBIL Score Updation Borrower's Statutory Right; Credit Information Companies Bound To Consider Objections : Kerala High Court

Live Law  

The Kerala High Court has held that updation of CIBIL score is a borrower's statutory right and therefore, credit rating agencies are legally bound to consider objections against the rating given to a debtor.A single bench of Justice N Nagaresh made this significant pronouncement in the case Sujith Prasad v The Reserve Bank of India and others.The Court noted that …

How retail customers can boost credit scores for better deals
5 years, 2 months ago

How retail customers can boost credit scores for better deals

Live Mint  

credit scores, retail customers, healthy credit score In India, as financial awareness is rising, people are becoming more conscious about their financial fitness. Decoding credit scores A numeric score calculated primarily on a customer’s financial behaviour and repayment of previous loans, a credit score helps gauge customers’ repayment capacity and classify their risk quotient. Other factors impacting credit scores include: …

Want a home loan? Here's how a good CIBIL score can be helpful
6 years, 8 months ago

Want a home loan? Here's how a good CIBIL score can be helpful

India TV News  

Your home loan and CIBIL score share an important relationship. A good credit score can help you get lower home loan interest rates and higher loan amounts. Pay off your existing debt As a home loan is a big-ticket loan, your lender may be reluctant to approve your application when you have unpaid credit against your name. This resolution, in …

Have a high credit score? You will now get cheaper loans
6 years, 10 months ago

Have a high credit score? You will now get cheaper loans

Hindustan Times  

Finally, the day has arrived when banks will give you cheaper loans based on your credit score. At least three banks, including Bank of Baroda, Bank of India and IDBI Bank Ltd, offer cheaper interest rate on home loans based on credit score to the retail customers. If you have a lower credit score than 760, you will get home …

6 Ways to Boost Your Credit Score Before You Apply for a Home Loan
7 years, 7 months ago

6 Ways to Boost Your Credit Score Before You Apply for a Home Loan

The Hindu  

Once you decide upon the house you want to purchase, your next step is to research the best possible deals available on home loans. However, banks in India are now taking into consideration your credit score or CIBIL score before approving your application for a loan. While a high credit score indicates high levels of trustworthiness and makes you an …

Six ways to boost your credit score before you apply for a home loan
7 years, 8 months ago

Six ways to boost your credit score before you apply for a home loan

The Hindu  

Once you decide upon the house you want to purchase, your next step is to research the best possible deals available on home loans. However, banks in India are now taking into consideration your credit score or CIBIL score before approving your application for a loan. While a high credit score indicates high levels of trustworthiness and makes you an …

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