New Delhi, Sept. 18 -- A credit score of 750 or above can now be considered the gold standard for individual applicants seeking easy access to premium credit cards, lucrative home loans, and competitive personal loan rates.

Lending institutions check factors such as creditworthiness, repayment potential, and employment history before disbursing loans. Therefore, borrowers need to maintain a good credit profile.

Robust regulatory reforms now require credit scores to be refreshed every 15 days. This makes timely repayments, avoiding defaults and missing payments, even more impactful for borrowers.

The central bank's push for more frequent credit data updates rewards disciplined borrowers. With scores recalculated biweekly, missed payment...