CIBIL Score: If your CIBIL score is this high, no bank will refuse to give you money..

CIBIL Score Range: CIBIL score is a three-digit number, through which your transaction history is known. Let us tell you that credit score is calculated between 300-900. The possibility of getting a loan depends on these numbers. By the way, the best CIBIL score is considered to be 900. In such a situation, let us know through the news that at what CIBIL score the bank cannot refuse to give you a loan and what is the range of CIBIL score and its meaning.

Meaning of NA/NH-

If NA/NH appears in your CIBIL score range, it means that your credit score is not generated and neither do you have any transaction history. A credit score is not generated until you have not used a credit card or taken a loan.

How is a score between 350 – 549 considered –

Credit scores vary according to the range. If a person’s CIBIL score is in the range of 350 – 549, then it is considered a bad score and in this CIBIL score (bad cibil score) it becomes difficult for the person to get a loan or credit card because banks feel that you will not be able to repay the loan. Banks believe in this CIBIL score that you have been late in paying the credit card bill or loan EMI.

Meaning of 550 – 649 –

Along with this, if the number of CIBIL scores is in the range of 550 – 649, then it is considered a fair CIBIL score. This CIBIL score shows that you are constantly struggling to repay the dues on time. However, if you apply for a loan with this CIBIL score, then you get the loan at a high interest rate.

Benefits of 650 – 749 CIBIL Score-

Along with this, if your CIBIL score is in the range of 650 – 749 (best CIBIL Score range), then it is considered a good CIBIL score and to make this CIBIL score even better, you should continue to display good credit behavior, so that your CIBIL score can increase even more. If you want to improve your CIBIL score further, then for this you have to follow your financial discipline. If you take a loan on this CIBIL score (what is a credit score), then the bank can offer you a loan after considering your credit application. However, to get the best deal on the interest rate for the loan, you may still need more CIBIL score (CIBIL Score ki importance).

Range of 750 – 900-

Apart from this, if the CIBIL score of a person is in the range of 750 – 900 (best credit score range), then it is considered the best score. In this CIBIL score, banks believe that you make regular credit payments and your payment history is excellent. With this CIBIL score, banks will easily give you loans and credit cards and sometimes you can also be offered pre-approved loans. In this CIBIL score (credit score kya hai), your risk of becoming a loan defaulter is low.

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