Key Takeaway
Your CIBIL score (300–900) is determined by payment history (35%), credit utilization (30%), credit age (15%), credit mix (10%), and new inquiries (10%). A score above 750 qualifies for the best loan rates.
Simulate Actions
What do you plan to do?
Simulated Credit Score
Most Impactful
Payment History (35%)
2nd Most Impactful
Credit Utilization (30%)
Advertisement
Frequently Asked Questions
How much does a missed payment hurt my score?
A single missed payment (over 30 days late) is devastating. It can drop a good score by 50 to 80 points immediately, and the negative mark stays on your report for up to three years.
Does checking my own score lower it?
No. Checking your own score is a 'soft inquiry' and has zero impact. Applying for a new loan or credit card is a 'hard inquiry' and causes a small, temporary dip (5-10 points).
What is the fastest way to improve my score?
Pay down credit card balances to bring your 'Credit Utilization Ratio' below 30%. Unlike late payments, high utilization has no memory,once you pay it off, your score rebounds the next month.
Get Smarter With Money Every Week
Join 10,000+ readers. One actionable money tip delivered free every Sunday.
Was this calculator helpful?
Advertisement