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Omozing Answers › Credit scores and bureaus
Written by the Omozing Credit Team · Reviewed for accuracy by our credit and compliance team · Updated October 2026
A lender’s minimum score is a screening line, not a law. It reflects how much risk that lender is set up to take and how closely it is willing to read each file. That is why the same 640 can be declined in seconds by one lender and approved by another after a proper review.
A general guide drawn to scale. Each lender sets and changes its own cut-offs, and they can differ by product, loan amount and the bureau the lender uses.
Two other cases are worth knowing. If your score shows as -1 or NH, you have no credit history yet, which is not the same as a low score; see what -1 or NH means. And clearing a cut-off only gets you a closer look. It is not an approval.
Once your score clears a lender’s line, a credit team asks a simpler question: can this person comfortably repay this EMI? These are the things that usually decide it.
| What lenders check | What they look for |
|---|---|
| Take-home salary | Steady monthly credits into your salary account |
| FOIR | Share of take-home already going on EMIs; many lenders cap it around 50%. How FOIR works |
| Last 12 months | No fresh missed EMIs or card dues, and no new defaults |
| Recent enquiries | A cluster of applications in a few weeks reads as credit hunger |
| Open small loans | Several app or BNPL loans running at once |
| Older problems | Settled or written-off accounts, and whether they were later cleared |
A loan that isn’t yours or a closed account still showing as open can drag the score. Correcting errors is free. How to raise a dispute.
Closing small loans, or combining several loan-app loans into one EMI with SmartSwitch, frees up room in your salary.
A spouse or family member with steady income can strengthen a borderline file. How co-applicants help.
Read each lender’s published eligibility and apply to one or two, not ten. Each application can add a hard enquiry.
On-time payments and card use under about 30% of the limit are what move a score. No one can promise a particular number by a particular date.
If you are salaried with a take-home of ₹40,000 or more, a credit officer reads your full report rather than stopping at the number. Rates start from 11% a year.
No. The RBI does not set a minimum score. Each lender decides its own cut-off and how it reads the rest of your report.
With some lenders, yes. Omozing considers salaried applicants from 600 with a take-home of ₹40,000 or more, after a credit officer reviews the full report.
Some lenders lend to first-time borrowers, usually for smaller amounts and with closer checks on income. A -1 or NH means no history, not a bad history.
Often, yes. Lenders price for risk, so compare the APR in each lender’s Key Fact Statement rather than the headline rate.
The cut-off is only the first filter. High existing EMIs, recent missed payments or many recent applications can still lead to a decline.
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Omozing is the digital lending brand of Aparampaar Finance Private Limited, an RBI-registered non-deposit-taking NBFC. Loans are subject to credit assessment. See our regulatory disclosures and grievance redressal process.