How to Check Cibil Score For Free?

Want to know how to check cibil score? Well you have landed on the right article!

A CIBIL score reflects your credit score. It is a 3-digit numeric summary of your credit history. It contains a rating and report highlighting your creditworthiness. The scores are depicted in the range of 300 to 900.

This is determined after considering your credit history and credit report. Your past credit behavior, like borrowing and repayment patterns, influences this score. This information is shared by financial institutions like banks with CIBIL. 

Your CIBIL Report generally contains this information. It is created by Credit Bureau of India  Ltd,  outlining your financial health. Currently, the score is applicable for both individuals and legal entities.

How to Check Cibil Score?

You can check credit score for free on the CIBIL website by following these simple steps:

Step 1: Visit the official website of CIBIL

Visit the CIBIL website. Look in the top right corner of the page to find "Get your CIBIL Score" and click it. Scroll down and choose the ‘Free’ option.

Step 2: Make your account

Enter details such as your name, email ID, the password for the same, phone number, and pin code. Once done, click on 'Accept and continue'.

Keep ID proofs like ID proof such as Aadhaar, passport number, PAN card, and Voter ID, with you to upload them as needed.

(You can further also use these ID for several purposes like you can use it for cibil score check free online by pan number). 

Step 3: It involves verification of your identity

You can accomplish this task by entering the one-time password (OPT). You will find it on the mobile number furnished by you in Step 2.

Step 4: Check the dashboard on your screen  

Once you have provided all the above-mentioned details, a new window comes up. The said window vouches for the confirmation of your enrollment. The confirmation will also be conveyed to you through the email address mentioned by you. You can perform your credit score check by clicking on 'Go to dashboard'.

Step 5: Have a proper view of your CIBIL score  

In this step, you will be redirected to myscore.cibil.com. Once here, you can conveniently view your free CIBIL report and CIBIL score.

Once you have successfully created your account, you can visit https://myscore.cibil.com/ and choose 'Member Login'. The login process is simple. Just enter valid information related to your user ID, which is by default your email ID and the password.

Remember – you can get your free cibil score check but only once in a year. In case you want this score more than once, you will be required to make payments according to available plans. 

Apart from the CIBIL website, you can get the credit score from many other websites belonging to banking services aggregators. You can get in touch with your concerned bank to learn more in this regard.

Things You Need to Know about CIBIL Score: 

The following are the factors that affect your CIBIL score:

• Credit Exposure 25%
• Credit Type and Duration 25%
• Payment History 30%
• Other Factors 10%

It is wise to have a good CIBIL score. It speaks volumes about your creditworthiness. Apart from faster loan sanctioning, you enjoy greater freedom to select between different lenders.

Benefits of Good CIBIL Score 

With a good CIBIL score, you can avail yourself of benefits like:

1. Expect instant approval: A high credit score can fetch you instant approval. It indicates a lower risk of default on your part, a clean repayment track record, and appropriate credit behavior.
2. Tenure of loans: Loans come with different tenures. Longer tenure involves greater risk and vice-versa. Nevertheless, with a better credit score, you can enjoy longer repayment tenure.
3.  Eligibility for an increased number of pre-approved loans: Be it a credit card or pre-approved loan, you are better placed to have several options to avail of. Your high credit score enables you to have quicker access, minimal documentation, and even shorter approval times.
4. Smooth access to all major premium credit cards: Lenders use different yardsticks to judge your financial soundness. A better credit score tops this list. Applicants of premium credit cards can expect instant approval from credit card companies with a good credit score. This will also put you in an advantageous position as you can enjoy rewards like privileged services, cashback, and more.
5. Benefit from a higher credit card limit or loan amount: A higher credit score enhances your chances of getting approved for credit cards or loans with higher limits. The score is taken as an indicator to conclude that you fall within the lower risk of making default in payment.
6. Enjoy lower interest rates: The best way to take a credit card, personal loan, or home loan is with a high credit score. It entitles you to get a lower rate of interest from lenders.

I hope you liked our article on how to check cibil score, if you have any comments or suggestions do share them in the comments below. 

FAQ:

Q1. Which site is best for credit score check?

Opt for the official website of TransUnion CIBIL, namely www.cibil.com. It is authentic, and you can count on it. Even if you approach any other website, all the verification in it is done through www.cibil.com.

Founded in 2000, TransUnion CIBIL is regarded as the most trustworthy credit bureau. The noteworthy CIBIL members are housing finance companies, NBFCs / NBFC, financial institutions, and all major banks.

Q2. Is 750 a good CIBIL score?

The CIBIL scores range from 300 to 900, with 900 certifying maximum creditworthiness. Different CIBIL members employ different parameters to judge the score. Nevertheless, a score of 750 and more is considered ideal.

Lenders do not hesitate to offer various financial products and better interest rates for such a credit score. 

Q3. How can I get a my credit score of 900?

There are several ways to get such a score:

• Pay your dues on time.
• Control your utilization by being prudent in using your credit.
• Go for a better credit mix of secured and unsecured loans.
• Do not seek excessive credit. Instead, practice moderation.
• Monitor all your guaranteed, co-signed, and joint accounts adequately.
• Review your credit history during the year.