Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

The word "credit score" is frequently used in the lending market and in the field of personal finance. You must have a good CIBIL score of at least 750 or above in order to qualify for a loan or any other type of credit. But is that sufficient for you to obtain the best credit facilities available in India? Possibly, no. When that happens, you also require a positive credit report remark.

That is when the discussion about credit score vs credit remarks comes into play. This article will help you get more insights on the same.

What is a Credit Score?

The creditworthiness of an individual is shown by their credit score, which ranges from 300 to 900. A borrower's standing with potential lenders improves with a higher score. A credit score is based on a person's credit history, including the number of open accounts, total amount of debt, history of repayment, and other factors. Credit scores are used by lenders to determine the likelihood that a borrower will make timely loan repayments.

Higher your credit score, higher the chances of your instant personal loan getting approved.

What is Credit Remark?

A credit remark is a note or comment made by a lending institution or credit card company on your loan or credit card statement. These remarks can indicate the status of your loan or credit card account and can have an impact on your creditworthiness. Examples of credit remarks include "settled" or "written off" which can indicate a default or late payment. Credit remarks are typically included in your credit report under the heading "Account Information."

Credit Score Vs Credit Remarks: Which One Affects Loan Eligibility More?

Your eligibility for instant personal loan depends equally on your CIBIL score and your credit history. To be eligible for the first step, it is recommended to have a credit score 750 or higher. Additionally, having positive credit remarks like "closed" on your credit report indicates that you have fully repaid your previous debt and the account is now closed. However, if you have a decent credit history and a credit score of less than 750 (but not too low), you can still be qualified for a personal loan. This is because your credit remark demonstrates a history of both your financial position and repayment behaviour.

By promptly repaying loans and other credit products, you demonstrate to lending institutions your dependability. Therefore, you are going to have better chances of getting the loan facilities if you have paid your debts on time and have a good CIBIL score.

If your situation is the exact opposite, you can always focus on enhancing your credit remarks. You must first request credit reports from all four bureaus. Then, draw attention to the positive elements of the credit report. Contact credit rating bureaus to raise a dispute if you discover any errors on the credit report.

Moreover, the wisest course of action is to settle the pending debt. Contact your lender and make the final payment due in full. Upon receiving full payment, the lender will notify the credit bureaus and alter the credit status from "settled" or "write-off" to "closed."


A good credit score and a positive credit remark on your credit report both play an equally important role in determining your personal loan eligibility. Therefore, it is of the utmost importance to keep both of them in check and constantly strive towards improving them.

At SMFG India Credit, we provide instant personal loans up to INR 25 lakhs* with a 100% online application process, flexible repayment terms, and affordable interest rates based on your creditworthiness. Visit our website to apply for a personal loan, TODAY!

Apply for Personal Loan