How can I check my CIBIL score vs credit score Free

How to Check Your Credit Score for FREE
  1. Here’s an easy way to check your credit score for FREE & get customised recommendations.

Check Free Credit Score

below & follow these 3 steps 👇 

STEP 1: Enter your name & number

STEP 2: Submit OTP

STEP 3: Enter PAN

That’s it. Start now & know your credit score

What Is A Credit Score And How Is It Calculated?

Credit score is a statistical representation of one’s credit This helps in evaluating your ability to pay the amount you borrowed A person’s credit score is usually between 300–900, and a person with the highest score is considered a trusted applicant Always try to reach the highest limit as it becomes very beneficial when applying for a loan or credit card। Whereas, if your score is low or you fall into the lower category then it shows that you are an irresponsible loan applicant and you have given your loanThe dues have not been paid on time.

    CIBIL score range                                 What it means
300-549this is the lowest CIBIL score range. it shows that you have delayed your credit card bill payments or loan EMIs and you are at a high-risk of turning into a defaulter.
550 – 649although this CIBIL score range is considered as fair, it shows that you have been struggling to pay the dues on time.
650 – 749this CIBIL score shows that you have good credit behavior. you have a high chance of getting a credit card or loan approval. however, you may still not get the best rate of interest while applying for a loan.
750 – 900CIBIL score above 750 is considered excellent and shows that you have consistently paid your dues on time and have an impressive payment history. since you are at the lowest risk of turning into a defaulter, lenders will give you loans easily and at lower interest rates.

Why is it important to maintain a good credit score

Some important reasons are listed due to which you must maintain a good credit score:

  • Improves your eligibility for a loan: A good credit score improves your eligibility to get a loan faster. A good credit score means that you pay bills or dues on time which leaves a good impression on banks or other financial institutions where you have made a loan Has applied for.
  • Instant loan approval: Applicants with a good credit score and long credit history are offered pre-approved loans। In addition, the loan you implement is quickly approved and the processing time is zero.
  • Low Interest Rate: With a good credit score, you can avail a lower rate of interest on the loan amount for which you have applied.
  • Credit Card with Attractive Benefits – If you have a healthy credit score, you are offered a credit card with attractive benefits and rewards.
  • High Credit Card Limits: A good credit score not only gives you the best of a credit card with an attractive profit or a low rate of interest on the loan you apply, Rather you are also eligible to receive a higher loan amount। A good credit score means that you are able to handle credit in the best possible way, therefore, Banks or financial institutions will consider giving you credit cards with higher limits.

What is a good credit score? Credit score is an indicator of credit that is usually 3-digit numeric। It ranges from 300 to 900 and can be easily calculated using a credit score checker. A credit score of 680 or more is considered a good score। Lenders rely on credit scores before lending। Whenever a person applies for a loan, the lenders check

  • CIBIL Report and Score
  • employment status
  • account statement
  • payment history
  • EMI-income ratio

If the debtor or borrower is unable to pay the debt due to any disability or long-term illness, credit health insurance protects the debtor.

Why is it important to maintain a good credit score?

Credit score indicates a person’s credibility। It is usually a 3 digit numeric ranging from 300 to 900.

RangeStatus
300-579Poor credit
580-669Fair credit
670-739Good credit
740-799Very good credit
800-900Exceptional credit
  • A credit score of 680 or more is considered a good score। A good credit score would be-Boost your chances of getting a credit card quickly
    You get quick and easy loan approval
    Having a good credit score increases your chances of paying a lower interest rate against your loan
    This further increases your loan limit as you can apply for higher loan amount from any bank.
    You also get access to pre-approved loans.
    You may get a discount on fees or processing fees.
    This helps in obtaining rapid approval for rental homes and apartments as a good credit score assures your credit credibility.
    You can manage to get the best car insurance rate with a good credit score। Compared to poor credit score applicants, you will pay less for your insurance.

How can credit scores be improved?

Since you know the importance of maintaining a good credit score and thefactors that are considered for calculating the credit score are listed below, Easy ways to improve your credit score are:

  • Pay your loan EMI on time
  • Pay your bills on time
  • Do not eliminate full credit limit
  • Clarify any outstanding dues or bills
  • Avoid applying for multiple credit cards or loans
  • How to check CIBIL score online?

Nowadays, it is quite easy to check CIBIL scores online,

  • visit click on ‘get your credit score’ or ‘check my CIBIL score.’
  • Pick the desired subscription plan.
  • fill in the details for identity proof.
  • click on ‘proceed to payment’ and process the payment.
  • get the CIBIL score and report in your email.

Frequently Asked Questions

How can I check my credit score for free? You can get a free copy of your credit report every 12 months from three nationwide
credit reporting companies। You can order it online from annualcreditreport.com. It is the
only authorized website for free credit reports। In addition, you can call 1-877-322-8228.

  • What factors is the credit score calculated?Credit history
  • Credit check
  • Repayment record
  • How to check credit score?
    There are many ways to check the Sibyl score but the simplest way to check your credit score is to go to

Check Free Credit Score

STEP 1: Enter your name & number

STEP 2: Submit OTP

STEP 3: Enter PAN

That’s it. Start now & know your credit score

786 is a good credit score?
The 786 is considered a very good credit score। In addition, you can increase this score to an extraordinary range of 800–850.

Is it best to pay credit card bills in full?
You should pay the credit card bills in full instead of keeping the balance। If you pay the credit card bill payment in full, you will not have to pay the additional interest charged on the balance.

What if I pay more than my credit card balance?

Eliminating your credit card balance will result in a negative account balance। This means that the bank or financial institution will give you money.

Can everyone reach my credit score?

No, not everyone can see your credit report। To access a credit report, an organization must have a “permissible purpose.”

Does the CIBIL score affect my chances of getting a new loan or credit card? Yes, all banks and lenders check the applicant’s CIBIL score before approving the credit card or loan request.

What is the minimum CIBIL score required for any type of loan?

Generally a CIBIL credit score of 750 and above is considered good for applying for any type of loan.

What is the minimum credit score for obtaining a personal loan?

Banks and NBFC consider CIBIL credit scores of 750 and above as the minimum credit score required to approve personal loans. A high credit score means that you are at the lowest risk of turning into a defaulter, therefore, banks and NBFC will be ready to give you personal loans easily.

What if there are errors in my CIBIL report?

Your low CIBIL score may be due to errors in your credit report। You can increase your CIBIL score by requesting a credit rating agency to correct errors in your credit report.

Can CIBIL delete or change its credit information itself?
No, CIBIL cannot delete or change the record, reflecting its credit report on its own। It simply collects records of individuals provided by banks and financial institutions.

Why is a pan card required to check credit score?
Pan card is not mandatory to check credit score, But can be used as a valid proof of identity to identify individuals in the database ( POI ).

Why do we need a phone number for a credit score?
It is used to correctly verify a person’s identity to ensure that the person is the right recipient of the credit report.

Is there a limit to request to access the credit score?
There is no limit to the number of requests for your credit score and report.

 

 

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