‘Not Good Enough For CRED’: Zerodha’s Nithin Kamath Tags Kunal Shah After Below 750 Credit Score
To check credit scores, users can head to the website of Zerodha Capital. From there, a few simple steps can fetch you your credit score.
Zerodha co-founder Nithin Kamath on Wednesday unveiled the credit score check feature on the leading online trading platform in a unique way. With a funny reference to CRED Club, which requires a credit score of 750 and above, the billionaire entrepreneur outlined ‘not being good enough’ for the membership.
In a post on LinkedIn, Kamath said that he ran a credit check on Zerodha Capital and his credit score stood at 747. Jokingly, he said it’s not high enough to impress CRED founder Kunal Shah.
“I did a credit check on Zerodha Capital to check out the flow, and my score is 747. So, I am not good enough for CRED, Kunal Shah. By the way, if you want to run a quick credit check (no spam), check the link in the comments,” Kamath’s post read, along with a screenshot of his credit score.
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CRED Club, a member-only service from fintech platform CRED, offers exclusive rewards for various transactions like credit card and utility bill payments. The members require a credit score of at least 750, which means the service is meant for only the most credit-worthy individuals.
Kamath’s credit score of 747 is categorised as ‘good’ as per the classification by most credit bureaus, but falls short of the CRED Club requirement.
To check their credit scores, users can head to the website of Zerodha Capital. From there, a few simple steps can fetch the credit score.
Steps To Check Credit Score On Zerodha Capital:
1. Visit https://zerodhacapital.com/
2. Click on ‘Get your score now!’ displayed on the homepage
3. Enter your mobile number to get a one-time password
4. After filling in the one-time password, you will be redirected to another page
5. Here, enter your details such as name, PAN and email ID
6. Agree to the terms and conditions
7. Click on the continue button to see your credit score
To be clear, the credit score is a three-digit number, ranging between 300 and 900, that defines your creditworthiness. This score is based on your borrowing and repayment history. It helps banks and lenders assess how likely you are to repay loans on time and affects your future access to credit instruments. A higher score means increased chances of securing loans.
A good credit score also has additional benefits, such as getting a loan at cheaper interest rates. Most lenders prefer borrowers with a high score of 800 and above.
