Free Checker
Instant Results
Access Anytime

Check Your CIBIL Score for a Business Loan

Understanding the importance of your CIBIL score is crucial when applying for a Business Loan. CIBIL score is a three-digit number ranging from 300 to 900, which denotes your creditworthiness. Having a score of 750 and above shows that you are a trustworthy borrower.
A good credit score for a Business Loan increases your chances of loan approval and helps you get a loan on better terms. Want to apply for a loan to expand your business? First, check your CIBIL score. Check for free now!

Give Wings to Your Dreams with Exclusive Personal Loan Offer for You

Minimum CIBIL Score Required for Business Loan

Each lender has its own requirements for CIBIL score, depending on the type of loan. Generally, a good CIBIL score for a Business Loan (at least 750) ensures swift and hassle-free approval. If your CIBIL score is lower, improve it to get a loan at favourable terms, including lower interest rates and a higher sanctioned amount.  

CIBIL Score Range

 

CIBIL score ranges between 300 and 900, with 300 being the lowest and 750 the highest possible score. Check out the CIBIL score range table for more details:  

CIBIL Score  Creditworthiness 
550 and below  Bad 
550 - 649  Poor 
650 - 699  Average 
700 - 749  Good 
750 - 900  Excellent 

 

Factors Affecting Your CIBIL Score

  • Payment history 
  • Credit utilisation ratio 
  • Credit mix 
  • Number of credit enquiries  

Ways to Improve Your CIBIL Score

  • Avoid multiple applications 
  • Monitor your CIBIL score 
  • Maintain older credit cards 
  • Pay your dues on time 
  • Maintain a healthy credit mix 
  • Keep low credit utilisation 
  • Rectify errors on your CIBIL report 

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get Exclusive Access to Simplified
Personal Finance Information at
Poonawalla Fincorp’s FinHub

rightArrow
rightArrow

Frequently Asked Questions

​​​1. Can I check my CIBIL score for free?

Yes, you can check your CIBIL score for free on Poonawalla Fincorp’s website and on the app. Click on the “Free CIBIL Score” button and fill in the required details. You can download your CIBIL score, which is visible on your screen and get the same on your email ID.  

2. What is the ideal CIBIL score to get a Business Loan?

A CIBIL score of 750 or higher is considered to be good when applying for a Business Loan. If your CIBIL score is outside this range, try improving it with regular and disciplined credit usage before applying.    

3. ​​​ What factors affect my CIBIL score?

Your CIBIL score may get affected by the following reasons:   

  • Repayment history 
  • Credit utilisation ratio 
  • Length of credit history 
  • Credit mix 
  • Number of credit inquiries 
4. ​​​How can I get a good credit score?

Use credit facilities responsibly over time to build your credit score. Develop good credit habits, such as making repayments on time and not applying for multiple loans in a short time. Also, keep your credit utilisation low and use multiple credit facilities like loans and credit cards. 

5. How often should you check my CIBIL score?

Checking your CIBIL score regularly is a good practice and is considered a soft inquiry that doesn’t affect your credit score. Be sure to check your CIBIL score at least once every year before applying for a new loan.  

*T&C Apply