Finance
What is A credit score?
A credit score is a three-digit number (in India, 300–900) that sums up how reliably you repay borrowed money. Lenders use it to decide whether to give you a loan or credit card — and at what interest rate. A higher score means cheaper, easier credit.
See it, don’t just read it.
Watch a 2-minute lesson with voice + animation that explains a credit score.
Key things to understand
- 1A number that predicts how reliably you repay debt.
- 2In India it ranges from 300 to 900 (750+ is good).
- 3Built from your repayment history, debt, and credit age.
- 4A higher score unlocks bigger loans at lower interest.
Frequently asked questions
- What is a good credit score?
- In India, a CIBIL score of 750 or above is considered good and earns the best loan and card offers.
- How can I improve my credit score?
- Pay every bill and EMI on time, keep credit-card balances low, and avoid applying for too much new credit at once.
- Why is my credit score important?
- It decides whether lenders approve you and what interest rate you pay — a low score can mean rejection or costly loans.