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!
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
Happy Customers, Happy Us


I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.


Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!


Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.


I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!


A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.


I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.


I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
Get Exclusive Access to Simplified
Personal Finance Information at
Poonawalla Fincorp’s FinHub
Frequently Asked Questions
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.
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.
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
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.
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