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Credit — Basics
Check your CIBIL score for free once a year and review it for errors.
Concept
Check your CIBIL score for free once a year and review it for errors.
Your CIBIL score (300-900) reflects your creditworthiness. Key factors: payment history (35%), credit utilization (30%), credit age (15%), credit mix (10%), recent inquiries (10%). A score above 750 gets you the best loan rates.
हिंदी मेंCIBIL score (300-900) creditworthiness दिखाता है। Payment history (35%), credit utilization (30%), credit age (15%) सबसे important हैं। 750+ score पर best loan rates मिलते हैं।
Example
See it in action
Two people apply for a ₹50L home loan. Person A (score 800) gets 8.5% interest. Person B (score 650) gets 10%. Over 20 years, Person B pays ₹15L more in interest — just because of a lower score.
हिंदी में₹50L home loan: Score 800 वाले को 8.5% interest, Score 650 वाले को 10%। 20 साल में 650 score वाला ₹15L ज़्यादा interest देगा।
Key takeaway
Remember this
Pay bills on time, keep credit utilization below 30%, and don't apply for too many loans at once.
Checking your own credit score does NOT hurt it — only "hard inquiries" by lenders when you apply for credit can lower it.
हिंदी मेंBills time पर pay करें, credit utilization 30% से नीचे रखें, और बहुत सारे loans एक साथ apply न करें।
Learn Credit by doing
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