A credit score is a number based on your credit report. The report is a summary of your past and current borrowing and your repayment history that a credit bureau agency prepares. If you have been regular with your loan repayments, your credit score is likely to be higher. Lenders and banks use this score to assess your repayment capacity and the chances of your defaulting on the loan.
Since January 2017, it has become mandatory for all credit information bureaus to give one free credit report once in a financial year to every individual who asks for it. Currently, there are four credit bureaus that provide credit scores: CRIF High Mark Credit Information Services, Equifax Credit Information Services, Experian Credit Information Co. of India and TransUnion Cibil. Basically, you can receive four reports in a year (one each) from each of these agencies in a year. Typically, a credit score is in the range of 300 to 900. All the bureaus have their own proprietary scoring models to arrive at a credit score.