Credit
Credit Score
pronounced: [C-r-e-d-i-t- -S-c-o-r-e]
A three-digit numerical summary of a persons credit history derived from CIBIL, Experian, Equifax, or CRIF High Mark records.
Scores range from 300 to 900, with 750+ considered excellent for loan approvals.
Example
Ravi applies for a home loan. His CIBIL score is 720 — considered "fair". With a score above 750, he would get a loan at 8.5% p.a. Instead, the bank offers 9% p.a. A 20-year ₹50 lakh loan at 9% costs ₹44,986/month vs ₹40,680/month at 8.5% — ₹4,306 more every month.
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Last updated: 21 May 2026