PCR or Personal Credit Score: A Personal credit score is the measure of any individual's financial health. It relates to how likely you are to repay debt. Banks and lenders use it to decide whether they will approve you for a credit card or loan. In India. credit score ranges from 300-900. A score above 700 is generally considered good.
BCR or Business Credit Score: Businesses, just like individuals, are also assigned credit scores. The Company or Business Credit Score goes on to determine a company’s credit worthiness – that is, its likelihood to pay back on loans. Every bank or NBFC before approving your business or company for a working capital loan or loan for purchase of an equipment takes into consideration is the business’s credit score & history along with promoter’s (personal) credit score.