What do you mean by credit score?

A credit score is a three-digit numeric summary of your credit history that represents your creditworthiness. In India, it typically ranges from 300 to 900 and is calculated by credit bureaus like TransUnion CIBIL, Experian, Equifax, and CRIF High Mark based on your past repayment behavior. A higher score indicates a higher likelihood of timely loan repayment, helping lenders evaluate risk. It is a key factor in determining your eligibility for credit cards and loans, as well as the interest rates offered.