People often opt for a loan to get over a financial crisis or some urgent need. The loan can be personal, for a car or two-wheeler or a home loan. Getting a loan becomes easier and faster if your credit score is good. You can get your credit score from Credit Information Bureau Limited (CIBIL) or some other private companies that offer it for free. The credit score ranges from 300 to 900 with 300 being lowest and 900 beings the best score. If you have your credit score and you don't know in which category you fall based on your score, here's a brief guide for you:

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CIBIL Credit Score: 800-900
If your credit score is above 800 then the lenders will roll out a red carpet for you. Any score above 800 will ensure faster loan approval if you want one. This is the topmost bracket of the credit score.

CIBIL Credit Score: 700-800
The 700-800 credit score bracket is the second most preferred slot by the banks. Though any score above 750 makes your loan sanctioning chances higher, the people in this bracket are considered among those having low default risk. Banks consider you as a responsible individual and are usually very positive towards your request.

CIBIL Credit Score: 600-700
Generally, if you are in this score bracket, you might have missed or delayed your EMIs or credit card payments sometimes. But this doesn't mean that you are ineligible for a loan. The financial institutions will still woo you for a loan though you may get it for a little higher interest rate than the above two categories. 

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CIBIL Credit Score: 500-600
If you are in this segment, you need to work on improving your credit score. Any score between 500-600 makes it difficult to get a loan. You can pay your EMIs and credit card bills on time to improve your score. Also, try to maintain the minimum balance in your savings account. If you do it for not less than six months continuously, this will boost your credit score significantly. 

CIBIL Credit Score: 300-500
Any score between 300 to 500 put you among those with highest default chances and banks will certainly ignore you. If you maintain the highest financial discipline for a long time, then only you can improve your score. This may take a year or two or more. But you should not make any default in payments during this period.