what is the average credit score

The most common credit score in India is the CIBIL Score, which ranges from 300 to 900. While the precise statistical average can vary, a score of 700 and above is generally considered good by lenders, as it indicates responsible credit behavior. An excellent score is typically regarded as 750 or higher. Achieving this range significantly improves your chances of securing loans and credit cards with the most favorable terms and interest rates. Scores below 650 are usually considered fair to poor, often making credit approval difficult.