CIBIL TransUnion Score 2.0

Financial institutions are now referring to a customer’s credit score before offering a loan or a credit card. CIBIL released a new form of improved credit score, CIBIL TransUnion Score 2.0. The score is better predictor of risk and helps you to make the right credit decisions. It helps identify borrowers having less than 6 months credit and classifies them into risky and not-risky category. The revised version was introduced as the borrowers now don’t just focus on personal loan and credit cards. The borrowers now opt for home and auto loans as well and to cater to the change in the ratio of secured and unsecured loans, the new version was introduced.

Get Free Credit Score

Most of you might notice a fall in their credit score with 2.0 version of the score. This will not affect the lender’s decision on approving your loan as the score eligibilities are different from the earlier version of the credit score.

Objective risk decision

The decision to approve loan is objective as even the customers with a credit history of more than 6 months or less have a different rating. The customers with more than 6 months of credit history will be provided a score of value 300- 900. The ideal score of 751- 800 is now equivalent to 662-697.

Customers who have less than 6 months of credit history will be scored from 1-5. This helps the lenders classify the new to credit customers from high risk to low risk. 1 represents high risk and 5 denotes low risk. This score takes into consideration the days overdue in any given month, credit seeking activity, type of credit and the person’s age, location etc.

The CIBIL TransUnion Score 2.0 is available for the CIBIL’s 862 member banks and financial institutions.

Strategic decision about the applicant

The new version of the score, CIBIL Score 2.0 improves the quality of decision throughout the customer lifecycle. It also takes into consideration the person’s repayment capacity and. This also means that the new borrower must be very careful while paying the bills and making loan enquiries as all of that will be recorded with CIBIL.

Easy accessibility

The CIBIL TransUnion Score 2.0 is available through various channels like the web, online and FTP. The CIBIL credit information report and the CIBIL TransUnion Bureau Credit Characteristics are also available with the score. The CIBIL Score 2.0 will help the lenders to improve the quality of credit decision as you can identify the number of high risk customers in the lower score boards.

CIBIL Score 2.0 risk index

For those who have 6 months or more than 6 months credit history, the individuals will be categorised as follows:

NA or NH

This means that the individual has no credit history or it has not been reported to CIBIL. It can also mean that he has no credit history but queries have been made. It can mean that the individual has credit history but nothing has been reported in the 24 months prior to the enquiry or has not been reported to CIBIL.


This means that the individual has a credit history that is less than 6 months and the indexed as 5 having lower risk and 1 meaning a higher risk.


This means that the individual has a credit history of more than 6 months and the new ideal score range is 662-697.

The revised score will be helpful for the banks to evaluate the new borrowers whose risks were not known earlier. The older borrowers will have a simplified parameter and more information about the borrower will be revealed.

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