A 750+ credit score unlocks 1% to 2% lower interest rates on home and car loans. Follow our mathematical, step-by-step credit repair roadmap.
The Weightage Matrix of a CIBIL Score
A CIBIL credit score ranges from 300 to 900. Lenders view scores above 750 as prime. TransUnion CIBIL calculates your score using four key pillars:
- Payment History (35% Weightage) — Paying every EMI on or before the due date
- Credit Utilization Ratio (30% Weightage) — Keeping revolving card spends below 30% of total limit
- Credit Mix (10% Weightage) — Maintaining a balanced blend of secured and unsecured credit
- Recent Inquiries (10% Weightage) — Avoiding mass loan applications in short periods
Comparative Data Benchmark
| Credit Score Range | Classification | Loan Approval Likelihood | Interest Rate Impact |
|---|---|---|---|
| 750 - 900 | Excellent / Prime | 95% Instant Pre-Approvals | Lowest benchmark rates offered |
| 700 - 749 | Good | High Approval Probability | Standard bank rack rates |
| 650 - 699 | Fair | Requires Additional Documentation | Interest risk premium added (+1.5% to +3%) |
| 300 - 649 | Poor / Subprime | High Rejection / Collateral Needed | Rejected by commercial banks; NBFCs charge 18%+ |