![]() ![]() It is worth mentioning that each credit bureau in India uses a different algorithm to calculate and generate credit score and credit rank. Below stated are the four leading credit bureaus operating in India: These credit bureaus generate credit scores for individuals and credit ranks for the businesses, companies, enterprises and organizations based on the credit information provided by the banks/NBFCs, and other financial institutions on a monthly basis. In India there are a total of 4 CICs or credit bureaus licensed and authorized by the RBI to calculate and generate credit scores for consumers across the nation. Credit Information Companies (CICs) in India ![]() Therefore, try to improve your credit score to further avail credit at low interest rates with additional benefits. High credit score increases the negotiating options for the borrower and enhances the chances of qualifying for best loan deals. ![]() Thus, it helps the consumer in availing loans at ease, along with instant credit card approvals. Good or high credit score depicts the consumer’s creditworthiness and past credit behavior and marks the borrower at low-risk for lender. Importance of maintaining a Good Credit Score Please Note: The credit score range mentioned above is only indicative and may vary from lender to lender and bureau to bureau. Let us have a look at the credit score range that Credit Information Companies or Credit Bureaus consider while evaluating your new credit applications of loans and credit cards: Credit Score Range Thinking of your credit score and where you fall in this range? Check and download your free credit report here and get monthly updates with no impact on your credit score. Any credit score of 750+ or as close to 900 assures high chances of loans or credit card approval. Usually, a credit score is a 3-digit numeric that depicts your creditworthiness and past credit behaviour. The credit score range provides an indication of the credit risk that borrowers pose to the lenders (Banks/NBFCs). The categorization of credit score ranges and credit score may differ, as per each Credit Bureau or Credit Information Company (CIC). Please appreciate that there may be other options available to you than the products, providers or services covered by our service.Credit score typically ranges from 300-900 and is further categorized in various categories, such as no score, low, fair, good and excellent. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. May also receive compensation if you click on certain links posted onį is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Our partners for featured placement of their products or services. While we are independent, we may receive compensation from That aims to provide you with the tools you need to make betterĭecisions. Unsure you should get independent advice before you apply for anyį is an independent comparison platform and information service Service provider and read the information they can provide. We endeavour to ensure that the information on this site is current andĪccurate but you should confirm any information with the product or Offer credit facilities from a panel of lenders. We are a credit broker and not a lender and Comparison UK Limited (company number: 10482489) isĪuthorised and regulated by the Financial Conduct Authority (firm ![]()
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