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CIBIL Score
A 3-digit credit score between 300 and 900 that reflects your credit repayment history, used by lenders to assess loan eligibility.
The CIBIL TransUnion Score is India's most widely used credit score. It is calculated based on your repayment history (35%), credit utilisation (30%), credit age (15%), credit mix (10%), and recent applications (10%).
A score above 750 qualifies you for the best rates. Most banks require 700+ for business loans and 680+ for secured loans. Negative events (missed EMIs, defaults, OTS) stay on your report for 7 years but their impact reduces over time with consistent good behaviour.
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