New Delhi, May 29 -- In India a credit score is an extremely important indicator of an individual's financial health. It influences personal loan approvals, interest rates, credit card eligibility, future loan approvals, applicable interest rates and tenure period. As of May 2025, a credit score below 650 is generally considered poor.

It has the potential to limit access to favourable financial products such as easier interest rate loans, premium credit cards along with other borrower friendly financial opportunities.

The Reserve Bank of India (RBI) has emphasised the importance of both financial literacy and credit awareness through numerous press releases and directions. To further facilitate the same individuals are entitled to a fre...