1 / 7

The Lowdown on Credit Scores: Different Ranges and What They Mean

Credit score ranges from 300 to 900, with higher scores indicating better creditworthiness. The score is calculated based on a person's credit history, including their credit utilization, repayment history, credit mix, and other factors. For more information visit https://www.bajajfinserv.in/insights/everything-you-need-to-know-about-your-credit-score<br>

admirablearushigoel
Download Presentation

The Lowdown on Credit Scores: Different Ranges and What They Mean

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What Are The Different Credit Score Ranges

  2. CIBIL credit score ranges refer to the different score brackets used by the Credit Information Bureau (India) Limited (CIBIL) to evaluate an individual's creditworthiness. The credit score range is a three-digit number from 300 to 900, with a higher score indicating a better credit history and creditworthiness.

  3. Poor: 300-549 A score in this range is considered poor and indicates a high risk of default on loan repayments. Individuals with this score are likely to face difficulties in obtaining credit from lenders.

  4. Fair: 550-649 A score in this range is considered fair and indicates a moderate risk of default on loan repayments. Individuals with this score may be able to obtain credit, but may have to pay higher interest rates.

  5. Good: 650-749 A score in this range is considered good and indicates a low risk of default on loan repayments. Individuals with this score are likely to be offered credit at competitive interest rates.

  6. Excellent: 750-900 A score in this range is considered excellent and indicates a very low risk of default on loan repayments. Individuals with this score are likely to be offered credit at the best interest rates and other favorable terms and conditions.

  7. Contact Us 020 7157-6064 INVESTORS@BAJAJFINSERV.IN BAJAJFINSERV.IN

More Related