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    Stilt Team (Edited )

    CIBIL Credit Information Bureau of India Limited became the first organization to collect credit information that maintained a borrowers record. The CIBIL TransUnion score is measured out of 900. The higher your CIBIL score, the smaller the liability you hold in the eyes of the lender, and the more likely you will be able to borrow money.
    The CIBIL score is calculated based on these 5 factors:
    • Repayment history:
    The repayment history makes up 35 percent of your score. Make sure you clear all your bills and loans before their due dates to maintain a good credit history. Defaulting will negatively impact your score.

    • Your credit balance:
    The amount you owe to any lender makes up 30 percent of your CIBIL score. There are two things to consider when this is calculated. First is the total credit that has been administered to you and the other is how much of that credit you have utilized. The credit utilization ratio is calculated as the balance that is outstanding on your credit cards and loans. If you have used most of your credit, then your profile will be considered ‘risky’.

    • How long you have used your credit:
    This indicator amounts to 15 percent of the score. If you have been handling your loan responsibly by making timely payments, then it will positively affect your CIBIL score. If you have had a loan for a long time and have not been making payments, your CIBIL score will go down.

    • Applying for more credit:
    This makes up 10 percent of the credit score. Whenever you apply for more credit, the lender will run a credit check on you. If there are too many inquiries going through at the same time, it will negatively impact your credit score.

    • Diversify you Credit:
    This accounts for another 10 percent of the CIBIL score. In order to have good credit, you need to diversify where your credit comes from and show responsibility in repaying loans in all different kinds of ways. You need to have a mix of secured and unsecured loans like mortgages, personal loans, car loans, credit cards etc. Having the right mix of credit lines will increase your credit score, and having only one type of credit will decrease it.

    Remember that your credit score affects whether or not your application gets approved. It also affects the terms and conditions that the lenders offer; a higher credit score allows you to bargain for relaxed terms and lower interest rates. Make sure your check your credit score often and ensure that all of your information and details are as accurate as possible. Correct any inaccurate information as early as possible and then apply for the loan once your score is adjusted. Make sure you abide by the factors used when calculating your credit score to ensure you can maintain the highest credit score possible.

    About Stilt:

    Stilt provides loans to international students and working professionals in the U.S. (F-1, OPT, H-1B, O-1, L-1, TN visa holders) at rates lower than any other lender. Stilt is committed to helping immigrants build a better financial future.

    We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible.

    Learn more about us on Wikipedia or visit us at If you have any questions, send us an email at

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