What Is a Good Credit Score in Nigeria in 2025?

Wondering what a good credit score looks like in Nigeria today? Find out the ideal score range and how Scorewise can help you boost your financial standing.

In 2025, a good credit score in Nigeria is more important than ever. Whether you’re applying for a loan, buying a car on finance, or even renting an apartment, your credit score plays a big role in the decisions lenders and service providers make.

Credit scores in Nigeria typically range from 300 to 850. A score closer to 850 means excellent credit, while a score near 300 means poor credit. Here's a general breakdown:

• 750 – 850: Excellent
• 700 – 749: Very Good
• 650 – 699: Good
• 600 – 649: Fair
• 300 – 599: Poor

If your score is above 700, you're in a strong position. Banks, loan apps, and other lenders are more likely to approve your applications and offer you better interest rates. A score between 650 and 699 is still considered good, but you might face slightly higher interest rates or stricter terms. Scores below 600 make it very hard to access credit without special conditions.

Your credit score is calculated based on several factors:

• Payment history (whether you repay loans on time)
• Credit utilization (how much of your available credit you use)
• Length of credit history
• New credit inquiries
• Types of credit accounts (like loans, credit cards, etc.)

Maintaining a good score involves paying all debts on time, avoiding multiple loan applications in a short period, and keeping your financial information accurate and updated.

To stay on top of your credit health in Nigeria, you need a reliable way to check your score regularly. Scorewise makes this easy. It gives you instant access to your credit score, personalized insights on how to improve it, and alerts if anything changes on your report.

Download Scorewise available on Apple store or playstore today and make sure your credit score is where it should be for financial success in 2025 and beyond!