Know your credit score
Your credit score decides whether lenders approve you and at what rate. Request your credit report through your free CredoCash account — checking your own score never lowers it.
Free. Your report is shared only with you, with your consent.
Score bands
What your score means
Scores in India range from 300 to 900. Each bureau and lender uses its own cut-offs; these are typical bands.
750 – 900
Excellent
Best chance of approval and the lowest interest rates.
700 – 749
Good
Most lenders will consider you, with competitive rates.
650 – 699
Fair
Approval is possible but rates may be higher and limits lower.
300 – 649
Needs work
Many lenders may decline. Focus on repaying dues on time.
What affects it
How to improve your score
Repayment history
Paying EMIs and card bills on time is the single biggest factor.
Credit utilisation
Using less than ~30% of your card limits signals responsible use.
Credit mix
A healthy mix of secured and unsecured credit helps over time.
Recent enquiries
Many loan applications in a short span can lower your score.
Improvements take time: consistent on-time payments over 6–12 months typically move your score more than any single action. Read more in our guide, how your credit score affects loan approval.
FAQs
Credit score questions
Does checking my own credit score lower it?
No. Checking your own score is a soft enquiry and has no effect. Only lender enquiries made when you apply for credit (hard enquiries) can affect it.
How often is my credit score updated?
Lenders report to credit bureaus regularly, usually every month, so your score can change as new information is reported.
I have no credit history. What can I do?
Start small: a secured credit card against a fixed deposit, or a small consumer loan repaid on time, builds a history within a few months.
There's a mistake on my credit report. How do I fix it?
Raise a dispute with the credit bureau that issued the report, and inform the lender concerned. Bureaus must resolve disputes within the timelines set by RBI.
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