📌 Introduction
Your CIBIL score is a critical number that determines your creditworthiness. Whether you’re applying for a personal loan, home loan, or even a credit card, your CIBIL score can either unlock opportunities or close doors.
But what is considered a good score vs a bad one? And how can you improve it if you fall into the “bad” category?
Let’s break it down.
📊 What Is a CIBIL Score?
CIBIL (Credit Information Bureau (India) Limited) is one of the four credit bureaus in India. It provides a score ranging from 300 to 900 that reflects your credit behavior.
✅ CIBIL Score Range & What It Means
| CIBIL Score Range | Status | Impact on Loans |
|---|---|---|
| 300 – 650 | Bad CIBIL | High rejection chances, or very high interest |
| 659 – 720 | Average CIBIL | Limited loan options, moderate interest rates |
| 720 – 750 | Good CIBIL | Loan approved with better interest terms |
| 750+ | Excellent CIBIL | Instant approvals and lowest interest rates |
⚠️ Why Is a Bad CIBIL Score a Problem?
A poor score usually means:
- You’ve missed EMIs or credit card payments
- You’ve defaulted on previous loans
- You’ve made multiple loan enquiries in a short period
Banks and NBFCs see this as risky behavior and may either reject your application or charge higher interest rates.
🛠️ How to Improve a Low CIBIL Score
- ✅ Pay EMIs and credit card bills on time
- 🚫 Avoid multiple loan applications simultaneously
- 📉 Reduce your credit utilization (keep under 30%)
- 📈 Maintain a healthy credit mix (secured + unsecured loans)
- 📑 Check your credit report regularly and dispute errors
💡 Pro Tip from Shivafinz
If your score is below 650, it’s time to take action.
At Shivafinz, we help individuals repair their credit score with guided strategies tailored to your financial profile.
📞 Need Help?
If you’re struggling with a low CIBIL score, don’t stress.
Comment “CIBIL Repair” or connect with us today for a free consultation.