Astu Credit helps you to build and improve credit score (or CIBIL score) through debit card payments. 100% approval. Use it with any of your existing bank account.
Astu Credit आपको debit card payments के माध्यम से credit score (या CIBIL score) बनाने और सुधारने में मदद करता है। 100% approval, अपने किसी भी मौजूदा बैंक खाते के साथ इसका इस्तेमाल करें।
Reach a credit score (or CIBIL score) of 750+ and get approved for home loans, personal loans, education loans and credit cards.
Why should you download Astu Credit?
- Build your credit score and history, without debt
- 100% approval
- Use Astu Debit Card with your existing bank account
- No joining fee, no hidden fee
- Upto 10% cashback
Made with ❤️ in India.
FAQ: Credit Score
1. What is a credit score?
👉 A credit score is a measure of consumer’s borrowing power or creditworthiness. The score can be between 300 and 900 depending on your credit history which consists of total debt, types of credit, and repayment history. A credit score of more than 750 in CIBIL ensures higher chances of loan approval and lower interest rates.
Whenever you apply for a loan or credit card, your payment history, amounts owed, length of credit history, credit mix, and new credit are checked in the credit report along with the credit score.
There are 4 major credit bureaus in India:
1. TransUnion CIBIL (often referred as CIBIL score)
4. CRIF High Mark
The credit bureaus have their own algorithm to calculate the credit scores of individuals or businesses. Astu Credit app helps you improve your credit score across all the four credit bureaus.
2. What are the different credit scoring ranges?
👉 A credit score helps banks, lenders or financial institutions analyse the risk of lending money to you for home, education or personal use. In India, the score ranges from 300 to 900.
1. Excellent: 750 to 900
2. Good: 650 to 749
3. Average: 550 to 648
4. Bad: Below 549
3. What is a good credit score in India?
👉 In India, 900 is the maximum score set by credit bureaus. Any score above 750 in CIBIL is good. To maintain this credit score, it is always necessary to clear your EMIs or monthly instalments and credit card bills on time.
4. Why is a good credit score important?
👉 A good credit score gives you financial freedom to choose, simplifies your life and helps you save a lot of money. Here are some of the benefits:
1. Faster loan approvals
2. Increases your chances of getting a credit card
3. Low-interest rates on loans and credit cards
4. More negotiating power
👉 Any missed payments on loan, EMI or credit card and high credit utilisation will impact your credit score.
5. How to improve your credit score?
👉 The credit score depends on various factors like the number of hard enquiries, account mix, credit utilisation, and payment history. Discipline with your payments over time can help improve your credit score. You can use Astu Debit card to improve your credit score without taking a debt.
6. How often is the credit score updated?
👉 Generally, it is updated every 30 to 45 days.
7. Does a bad credit score affect employment opportunities?
👉 Some organisations might be interested to know their candidate’s financial health, especially when the role is related to finance and accounting.
8. How much does it cost to get your credit score?
👉 The Astu Debit card comes free to early users. No joining fee, no hidden fee.
9. Does Astu Credit store personal information?
👉 No user information is stored.
10. Is Astu Credit a loan app?
👉 No. Astu Credit only helps you to build or improve your credit score (or CIBIL score) so that you can be eligible to apply for the loans and credit cards.
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