Which credit bureau is most accurate in India?

TransUnion CIBIL Founded in the year 2000, TransUnion CIBIL is India’s first and most well recognised credit bureau. CIBIL members in India include all major banks, financial institutions, housing finance companies and NBFCs.

Why is my credit score different on different sites India?

Different data may mean different credit scores! Due to processes internal to a credit bureau, there are instances where a particular data point may be rejected or missed by the credit bureau system for a due clarification or correction by the reporting lender.

Is Equifax and CIBIL score same?

Both Equifax and CIBIL™ credit scores are in the same range. However, do keep in mind that there may be differences in the exact score between the two bureaus for the same customer, though it may not be significant.

Do different credit agencies have different scores?

First things first: It’s perfectly normal for scores to differ slightly between agencies. It’s up to lenders to decide which information they report to the major credit agencies — and which agencies they report to in the first place. Many agencies look at similar factors when calculating your credit scores.

What is the good credit score in India?

The Experian score ranges between 300 and 850. A credit score in India of 800 and above is considered excellent. A good credit score is anything above 700. The higher the credit score, the more confident banks and NBFCs are that you will be able to repay the loan.

Which CIBIL score is accurate?

The CIBIL check generates a credit score, which is a 3-digit number usually ranging between 300 and 900. A score below 300 is poor whereas the score of 900 is ideally the best.

Why credit score are different between agencies?

Your score differs based on the information provided to each bureau, explained more next. Information provided to the credit bureaus: The credit bureaus may not receive all of the same information about your credit accounts. Surprisingly, lenders aren’t required to report to all or any of the three bureaus.

What is a good Equifax credit score?

670 to 739
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.