Your CIBIL score is a three-digit number ranging from 300 to 900, issued by TransUnion CIBIL, India's leading credit bureau. It reflects your creditworthiness based on your financial history.
Lenders in India—banks, NBFCs, and digital loan platforms—use this score to assess:
Whether you qualify for a loan
How much you can borrow
What interest rate you'll get
✅ CIBIL Score Brackets & Loan Eligibility
| Score Range | Credit Status | Loan Eligibility |
|---|---|---|
| 750 – 900 | Excellent | High approval, low interest |
| 700 – 749 | Good | Approved, fair interest rates |
| 650 – 699 | Average | May qualify, but at higher rates |
| 600 – 649 | Poor | Limited approval chances |
| Below 600 | Very Poor | Likely to get rejected |
| NA/NH | No History | Can still apply via Vizzve |
💡 Tip: Vizzve Finance matches you with credit-score-friendly lenders even if your score is low or NA (no history).
🔍 How CIBIL Score Affects Your Loan Journey
Loan Approval Chances
A low score often means rejection. A high score gives you access to premium offers and higher limits.
Interest Rates
Higher the score, lower the rate. Borrowers with 750+ scores get the best deals.
Loan Amount & Tenure
A good score allows for higher loan amounts and longer, flexible tenures.
Pre-Approval Eligibility
With a great score, you may get instant pre-approved loans through Vizzve.
🔧 7 Smart Ways to Improve Your CIBIL Score
1. 🧾 Pay EMIs & Credit Card Bills on Time
Set reminders or auto-pay to never miss a due date.
2. 🧮 Maintain a Low Credit Utilization Ratio
Use less than 30% of your credit limit regularly.
3. 📜 Limit New Credit Inquiries
Too many applications can lower your score. Be selective.
4. 💳 Keep Old Accounts Active
Long credit history = stronger credit profile.
5. 📈 Check Your CIBIL Report Regularly
Dispute errors that could wrongly hurt your score.
6. 💰 Avoid Loan Settlements or Defaults
Settling a loan for less than owed stays on your report for 7 years.
7. 🤝 Diversify Credit Types
Use a mix of secured (like home loans) and unsecured credit (like credit cards).
📲 How Vizzve Finance Can Help
Even if your CIBIL score isn’t perfect, Vizzve Finance:
Matches you with lenders that accept lower scores
Suggests custom loan products with fair interest rates
Offers free credit score checks and improvement tips
Provides instant EMI calculators to plan better
🙋♀️ FAQs
Q1: What is the minimum CIBIL score needed for a personal loan?
Generally, 700+ is ideal. But Vizzve can help you find options with 650 or lower scores too.
Q2: Can I get a loan with no credit history?
Yes. Vizzve works with lenders offering "new-to-credit" loans for first-time borrowers.
Q3: How long does it take to improve a low CIBIL score?
With disciplined payments and low credit usage, you can see improvement in 3–6 months.
Q4: Does checking my CIBIL score reduce it?
Not when you check it yourself or via Vizzve. Only hard inquiries by lenders affect your score.
Q5: Is CIBIL the only score lenders use?
No. There are others (Experian, Equifax), but CIBIL is the most widely used in India.
published on 1st july
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