CIBIL Score Range

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What is the CIBIL Score Range?

Typically, the CIBIL score ranges between 300 and 900. A score closer to 300 is considered bad, making it difficult for you to get access to loans or credit cards. Meanwhile, a score close to 900 is considered to be excellent. Here’s a quick summary of the CIBIL score range and what it means while taking a loan from a bank or financial institution.

CIBIL Score	Rating	Probability of Approval
Above 750	Excellent	Very High
700 - 749	Good	Great
699 - 650	Fair	Average
649 - 600	Poor	Possible
Below 599	Bad	Low

Impact of CIBIL Score Ratings

Your CIBIL score rating can have a direct impact on your loan or credit card application. Let us take a look at it:

1. “Excellent” CIBIL Score:

Having an ‘excellent’ CIBIL score of 750 or more makes the loan application process exceedingly simple for you. With this score, the chances of loan approval are the highest. In addition to that, your high creditworthiness puts you in a position to negotiate interest rates. The banking institutions may also agree to offer you a loan on favourable terms.

2. “Good” CIBIL Score:

The CIBIL score in the range of 700 and 749 is considered “good” and puts you in a position where your chances of loan approval are fairly good. However, you must note that some institutions may still reject your application. The banks that approve your loan may not get you the best interest rates and the terms may not be as favourable compared to the borrowers with ‘excellent’ scores.

3. “Fair” CIBIL Score:

Having a CIBIL score between 699 and 650 is considered to be an average score. With this score, the scope of rejection of your loan application increases. Even if the banker agrees to offer you the loan, they may ask for a guarantor. In the case of housing or car loans, a higher down payment may also be demanded. Moreover, the banks may also charge you a higher interest rate on the loan.

4. “Poor” CIBIL Score:

The CIBIL score between 600 - 649 is considered ‘poor’ and can have a negative impact on your credibility. With such a score, the chances of your loan application being approved decline drastically. However, getting a loan with this score is not impossible. However, you may be required to submit collateral to borrow the required funds.

5. “Bad” CIBIL Score:

A CIBIL score below 599 is not considered ideal. It puts you in the risky borrower’s category as the bankers may worry about the repayment of the loan based on the credit history. To improve the score, you must maintain low outstanding debt and never miss the loan instalments.

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What is a good CIBIL score range?

A CIBIL score between 700 and 749 is considered a good credit score range. With such a score, you hold a fairly good chance of loan approval.

What is an excellent CIBIL score?

A CIBIL score of 750 or above is considered an excellent credit score. You can enjoy quick loan approval and other benefits like lower interest rates on the sum borrowed and favourable terms.

What is a bad CIBIL score?

A CIBIL score below 599 is considered a bad credit score. A bad CIBIL score can significantly reduce your chance of getting a loan as you are reflected as a high risk for the banks and financial institutions.

What is an acceptable CIBIL score range?

Although the acceptable range of CIBIL score may vary for each lender, typically a CIBIL score range above 600 is considered acceptable. However, the range below 600 is unacceptable and has the highest chance of rejection.

Why is your credit score different at different credit bureaus?

Each credit bureau has a different scoring methodology. For instance, some bureaus may give equal weightage to your credit behaviour over a vast period of time. Meanwhile, some bureaus may give higher weightage to recent credit behaviour.

What if my CIBIL score is in the poor range?

With a poor CIBIL score of below 600, there is a higher chance that your loan or credit card request may get rejected. To improve your score, you must pay the dues on time, avoid utilising credit above 50%, stop applying for new credit cards, and avoid closing old accounts until you improve your score.