Credit Score – Sound Simple right? But it can be a complex task to understand how the credit scores are determined. No worries. We’re here to help you figure out how these statistics are calculated and how they affect you.
CIBIL score is calculated based on your punctuality in repaying the credit card bill, loan amount, or any amount of mortgage. This score will be shown during the CIBIL report’s ‘ Enquiries ‘ and ‘ Records ‘ process. In general, this value ranges from 300 to 900, and the score of more than 700 is considered as a good CIBIL Score.
- What Is A CIBIL Score And How Is It Calculated?
Credit Score – Doesn’t it appear to be simple? Understanding how credit scores are calculated, however, can be a difficult undertaking. There is no need to be concerned. We’re here to help you understand how these figures are derived and how they affect you.
Your CIBIL score is dependent on how well you pay your credit card bills, loan payments, and mortgage payments on time. During the CIBIL report enquiry processes, this score will be displayed. This rating typically varies from 300 to 900, with a score of more than 700 being considered an excellent CIBIL Score.