1. CIBIL Score Brackets Explained
750 to 900 (Excellent): Preferred tier for all major banks. Qualifies you for top cashback credit cards and lowest interest rates on personal loans.
700 to 749 (Good): Eligible for most entry-level cards and loans, subject to income checks.
650 to 699 (Fair): May face rejections or require higher interest rates and co-applicants.
Below 650 (Poor): High risk of loan rejection; requires debt settlement and secured cards to rebuild.
2. Key Factors that Influence Your Score
Payment History (35% weight): Timely repayments of previous EMIs and credit card dues have the single largest impact.
Credit Utilization Ratio (30% weight): Using less than 30% of your sanctioned credit limit signals responsible management.
Credit Age & Mix (25% weight): A healthy combination of secured and unsecured credit over several years.
Hard Inquiries (10% weight): Applying for 10 cards within a single week signals credit hunger and temporarily lowers your score.