{"id":35205,"date":"2015-06-22T11:45:06","date_gmt":"2015-06-22T11:45:06","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=35205"},"modified":"2024-04-03T13:18:26","modified_gmt":"2024-04-03T07:48:26","slug":"know-how-of-your-cibil-score-how-is-it-calculated","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/know-how-of-your-cibil-score-how-is-it-calculated\/","title":{"rendered":"Know how of your CIBIL score: How is it calculated?"},"content":{"rendered":"

\"Know<\/a><\/p>\n

These days we can hardly find a credit company which gives loans or credit cards to its customers without checking the credit score of the individual. The best source to get the credit information of an individual is the CIBIL score. The credit worthiness score given to an individual is called as CIBIL TransUnion score, from here on we call it as CIBIL score.<\/p>\n

CIBIL uses some advanced financial analytics to calculate the CIBIL score. The score ranges from 300 to 900 and closer it is to 900 better the credit worthiness of the individual. However each bank has its own criteria and methodology to calculate the credit score. Even different banks have different cut-offs on credit scores to give loans depending on the risk appetite. Any score more than 750 is generally considered to be a good score.<\/p>\n

As it was said various companies have various methodologies to calculate the credit score. But, the major factors that are considered for credit score calculation will be more or less the same, may be with slight variation in weightages assigned to these factors. The factors can be:<\/p>\n