Credit Score range

Credit Score CIBIL
1

I recently checked my credit score, and it is 690. I’m wondering if a credit score of 690 is considered good or average in India. I’d also like to know more about the overall credit score range in India, such as what is considered a poor, fair, good, or excellent score.

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Credit scores typically range from 300 to 900, with 300 being the lowest and 900 being the highest. A higher score indicates better creditworthiness and improves your chances of getting approved for loans and credit cards easily.
Above 750- Excellent credit Score
700-750= Good credit score
600-700= Fair credit score
Below 600= Poor credit score

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Your credit score is fair, as credit score above 750 is generally considered good, you should try to improve your credit score by clearing your dues on time, avoiding overuse of credit limit and maintaining credit utilization score below 30%.

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Yes, a credit score of 690 in India is considered good, but it is not in the top range. With 690, you should be able to get loans and credit cards, but the offers and interest rates may not be as attractive as what you’d get with a 750+ score. Most lenders in India see 700+ as good and 750+ as excellent.

Credit Score Range in India (300–900)

  1. 300 – 549: Poor – Very high risk for lenders. Loan or credit card approvals are unlikely, but in some cases, you may still get a loan with stricter terms, higher interest rates, or need a guarantor/security.
  2. 550 – 649: Fair – Possible to get credit, but usually at high interest rates and with limited options.
  3. 650 – 699: Good – Decent approval chances, though offers may not be the best.
  4. 700 – 749: Very Good – Higher approval chances with better interest rates.
  5. 750 – 900: Excellent – Easy approvals, lowest interest rates, and best offers.

Credit score ranges are not fixed. Each bank or NBFC has its own policy, so the cut-offs can differ slightly.

So, With a 690 score, you are in the good range, but if you push it above 750, you will get better interest rates and offers.

Tips to improve your score:

  • Always pay EMIs and credit card bills on time.
  • Try to use less than 30% of your credit limit.
  • Don’t apply for too many loans or cards at the same time.
  • Keep a balance of secured (like home/car loan) and unsecured (credit card/personal loan) credit.
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score of 690 in India usually falls in the fair to average zone. It is not bad, but it is not the sweet spot lenders love either. In India most banks look at 750 and above as good and anything over 800 as excellent. Scores between 650 and 700 are considered fair, which means you might still get approved for credit but the terms may not be the best. Anything below 600 is generally seen as poor and makes approvals tough. So with 690 you are not in trouble, but working your way up past 750 will open a lot more doors and better interest rates.