How balanced credit mix improves credit score, boosts loan eligibility, say experts

A balanced credit mix means responsibly managing different loan types like home loans, personal loans, and credit cards.

Credit scores range from 300 to 900, with scores of 750 or higher considered excellent by bureaus like TransUnion CIBIL, Experian, Equifax, and CRIF High Mark.

Lenders view a diverse credit portfolio as a sign of a borrower's ability to handle various financial responsibilities.