What is the CIBIL TransUnion Score 2.0?

The CIBIL TransUnion Score 2.0 is a new, updated version of the Credit score which has been designed keeping in mind the current trends and changes in the consumer profiles & credit data. Banks are gradually switching to the new version and you may find a difference in the new version when compared to the earlier version (i.e., the score 2.0 may be lower than the earlier version). Please note, the score currently available to you is the earlier version. However, the difference in the Credit Score does not impact the credit decisioning during the Loan approval process as both the versions of the score may have a different score eligibility cut off while processing the loan application.

For example, if your Bank earlier used to sanction loans/credit cards to individuals with a credit score of 800 and above it may now lower its score cut-off, if it has switched to the new version.

The CIBIL TransUnion Score 2.0 also introduces a risk index score range for those individuals who have a credit history of less than 6 months. These individuals were categorized under the category of “No History- NH” in the earlier version. The score range is from 1-5, with 1 signifying “high risk” and 5 signifying “low risk”.

Score 2.0 summary and interpretation:

Score & Index		Interpretation(i.e., for whom does this score reflect)
NA or NH	Individual has no credit history & it has not been reported to us. Individual has no credit history but has only been enquired upon Individual has credit history but none that is reported in the 24 months prior to enquiry. Individual has a credit history but it has not been reported to us in the last 24 months.
1-5	Individual has a credit history which is less than 6 months, hence a risk Index is returned Higher the index, lower the risk
300-900	An individual with a credit history of more than 6 months (in the last 24 months) Higher the score, lower the risk