As a borrower, you may be confused about credit and CIBIL scores. Here we explain the distinction between them.

1. Learn about the key
distinctions between credit
and CIBIL score

2. It is a 3-digit
numerical
expression
ranging from
300 to 900.
It informs the
lender of your
credit
behaviour.
Credit scores
vary between
credit rating
agencies.
What does a credit score mean?

3. What does the CIBIL score mean?
It, like a credit score,
provides information
about your credit
behaviour.
CIBIL score is
prepared by
TransUnion CIBIL
Limited.

4. What does the
CIBIL report mean?
The CIBIL report includes
information on current debts,
personal details, and so on.

5. How does your
CIBIL score is
determined?

6. Previous debt repayment record
Previous debt defaults or missed EMIs
lower your credit score.
78%

7. Credit utilisation rate
If you use more than 30% of your
revolving debt, your CIBIL score will
suffer.

8. 1.
1.
2.
2.
Hard enquiries
Multiple credit
applications result in
several hard inquiries.
It worsens your CIBIL
score.

9. Any unapproved debts in the past will hurt your CIBIL score.
Total approved and applied debts

10. Having a debt portfolio mix of
unsecured and secured loans
improves your CIBIL score.
Credit mix

11. Length of credit
Debt with a longer repayment term and
EMIs paid on time raises your CIBIL
score.

12. Both CIBIL and credit
score serve the same
purpose, with the only
difference in the credit
rating agency that
determines these
scores.

13. Thanks!
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel : 18001024145
Email : customer.care@herofincorp.com
Website : https://www.herofincorp.com/
Know More : A Brief Overview of The Difference Between Credit Score And CIBIL Score