CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Is your Credit Score >750?
Get answers to commonly asked questions related to Credit score
A credit score is a numerical expression based on analysis of a person's credit report, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report information typically sourced from credit bureaus.
The credit score ranges from 300 to 900. The closer you are to 900, the more confidence the credit institution will have in your ability to repay the loan and hence, the better the chances of your application getting approved. Anything above 750 is considered a good credit score. All banks /NBFCs usually look at the credit score as one of the many checks they do before advancing a loan.
A good credit score ranges from 750-900. If you have a score of 750 and above, banks and other NBFC’s consider you to be credit healthy. But if you have a score less than 750, banks feel it as a risk to provide you a loan or credit card. Banks and other NBFC’s are comfortable with approving loans to customers who have a score of 750 and above.
There are 3 credit bureaus in India which are authorized by RBI. The 3 credit bureaus are CIBIL™, Equifax and Experian. You can choose to get your credit score online from the websites of any of the bureaus. There are also a few reputed credit management companies which provide help, through which you can understand your credit health and provide online analysis.
With a good credit score, banks provide you with a lot of benefits, such as low interest rate, higher loan amount, quicker loan approval process and higher repayment period. To enjoy all these benefits, the eligibility criteria is having a credit score of 750 and above. With a good credit score you can enjoy all the benefits.
In case you have a low credit score, all you have to do is following these few steps to improve your credit score
These are a few easy steps which help you to improve you credit score. This will help you to improve your credit history. The better your credit history, the better your credit score will be.
Credit score is calculated on a number of factors, especially on your payment history. Your repayment track record contributes to over 35% of weightage while computing our credit score. In addition, your credit score is also calculated based on:
A credit scoring algorithm is then used by the bureaus to calculate your credit score. Your credit score not only helps lenders assess your loan eligibility, it also helps them understand if you are worthy of credit. The higher your credit score, the higher are your chances to get your loan approved. So, it’s always advisable to check your credit score before you apply for a loan
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
There is really no number that can be established as the average credit score in India. Many people see regular
You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help
First, it is important to note that there is no ‘Defaulters List’ that is maintained or circulated by CIBIL™ or any of the other
Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify
It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding
It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding
A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.
One common worry that runs through your mind after you have made a credit card settlement is,
Product offers,Usefulness of information,Credit Report Analysis,Website/app interface,
Usefulness of information,
Call Experience,INCREASE MY CREDIT SCORE
Get loans starting from 11.25% interest rate
Know how to improve credit score
FREE credit analysis for 1 year
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.