FAQs

A credit score is a simple three-digit number that reflects how well you manage borrowed money. It is calculated based on:

• Your repayment history
• Current debt levels
• The mix of secured and unsecured credit
• Recent loan enquiries

In India, both CRIF and CIBIL scores typically range from 300 to 900. A higher score indicates stronger financial credibility.

At Saarathi Finance, we utilise CRIF High Mark as well as CIBIL to assess loan applications. Unlike traditional reports, CRIF and CIBIL gather data not only from banks but also from NBFCs and microfinance institutions. This provides a more comprehensive and accurate view of your financial health. A score of 700 or above is considered excellent and greatly enhances your chances of quick approval.

Your credit score influences how smoothly your loan process proceeds. A higher score often results in:

• Faster loan approvals
• Lower interest rates
• Greater financial flexibility

It also helps us lend responsibly, supporting your progress without causing unnecessary financial stress.

• Quick and straightforward loan approvals
• Attractive loan terms and interest rates
• Higher credit limits
• Increased negotiation power with lenders
• Long-term improvement in your overall financial health

Maintaining good financial habits can strengthen your credit profile:

• Pay EMIs and credit card bills on time
• Keep your credit utilisation below 30%
• Avoid applying for multiple loans at once
• Balance your secured and unsecured loans
• Review your report regularly and correct any errors

Both CRIF and CIBIL are reputable bureaus in India. Here are some differences:

• CRIF and CIBIL scores range from 300 to 900
• Both include extensive data from NBFC, MFIs alongside banks
• CRIF reports are often more detailed and user-friendly
• Both are widely recognised by lenders across India

Applying is straightforward. Share your latest Credit Report with us via WhatsApp at 98 33 88 0000, and we will process your request swiftly and transparently.

With Saarathi, You Are Not Alone.

Your credit score is not just a number; it is a vital step towards financial growth. At Saarathi Finance, “Aap Akele Nahi Hai