How to Check CIBIL Score Free Online?

Why is your CIBIL Score important to get Home Loan, Personal Loan and to keep your Interest Rate low? Learn How to Check CIBIL Score Free Online?

by Akansha_B Updated: 18 May, 2022, 13:39 IST
13 1915

CIBIL is the acronym for Credit Information Bureau India Limited and is the most popular of the four credit information companies licensed by the Reserve Bank of India. When you apply for a loan or credit card, the lender looks at your credit score to determine your eligibility. As a result, having a decent credit score is one of the requirements for taking out a loan. So, what exactly is a credit score, and how do you check CIBIL score free online?

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What Is CIBIL Score?

A credit score is a three-digit figure used by lenders to determine your creditworthiness based on your credit history. Your creditworthiness informs a lender about your ability to take out and repay a loan.

After taking into account your previous credit history, a credit score is issued. It varies from 300 to 900. A credit score of 750 or above is preferred. A strong credit score not only makes it simpler to secure a loan but also allows you to negotiate the loan terms and circumstances in your favor.

Your bank shares your credit information with RBI-licensed credit bureaus in India. Although each bureau's credit score may change, the parameters are generally the same. You can easily check your CIBIL Score Online without any trouble.

Why Is CIBIL Score Important?

A CIBIL report is a comprehensive summary of your credit history. It includes you: A CIBIL report is a comprehensive summary of your credit history. It includes your –

  • Credit score

  • Personal information

  • Contact information

  • Loan account details

  • Employment data

  • Outstanding balance

  • Inquiry information

Simply said, your creditworthiness to a lender is represented numerically by your CIBIL score. It informs your lender of your likelihood and ability to repay EMIs according to the loan schedule.

How to Check Your CIBIL Score Free Online?

Here is how you can Check CIBIL Score Free Online -

Step 1: Go to the official CIBIL website

Step 2: Select 'Get your CIBIL Score’

Step 3: Click on "Click here" to get your free Annual CIBIL Score

Step 4: Type in your name, email ID, and password. Attach an ID proof (passport number, PAN card, Aadhaar, or Voter ID). Then enter your PIN code, date of birth, and also your phone number

Step 5: Click on 'Accept and continue'

Step 6: You will receive an OTP on your mobile number. Type in the OTP and select 'Continue'

Step 7: Select 'Go to dashboard' and check your credit score

Step 8: You will be redirected to the website, myscore.CIBIL.com

Step 9: Click on 'Member Login' and once you log in, you can see your CIBIL score.

Website to Check Free CIBIL Score online

Apart from the official website you can also check your CIBIL Score on - 

  • Bank Bazaar Cibil Score Checker
  • Bajaj Finserv Cibil Score Checker
  • Paisa Bazaar Cibil Score Checker 
  • Paytm 
  • Cred
  • HDFC CIBIL Score
  • SBI CIBIL Score Check

There are many more websites that let you check your CIBIL Score for free online. You can check CIBIL Score Free online by PAN number, you can also check CIBIL score by Aadhaar Card and Check CIBIL Score by Mobile Number as well. 

What is a Good CIBIL Score?

A good CIBIL score is one that ranges from 700 to 900 points and demonstrates to the lender that you are creditworthy. The table below shows what each CIBIL Score means and, as a result, the likelihood of loan approval.

CIBIL Score Range

CIBIL Score

Creditworthiness

Approval Probability

<600

Urgent Action Needed

Low

600-649

Murky and Doubtful

Difficult

650-699

Satisfactory or Fair

Possible

700-749

Good

Good

750-900

Excellent

Very High

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Benefits of a Good CIBIL Score

A good credit score offers several advantages. As a result, before applying for a loan, an ambitious loan applicant must be informed of the benefits to choose the loan that best suits his wants and expectations.

1. Higher Approval Chances

2. Low-interest Rates

3. Higher Limits

Factors Affecting your CIBIL Score

There's a nagging ignorance regarding how your activities and conduct affect your CIBIL score for a personal loan. However, once you comprehend the significance of your credit score, you must also understand the elements that influence it.

1. Late Payment

Even a single late payment can have a negative influence on your credit score. Late payment indicates a lack of financial planning and management. Your CIBIL score may be reduced as a result of this delay.

As a result, a debt consolidation loan or a line of credit is recommended to minimize the hassle of managing various loans with multiple payback deadlines.

2. High Utilization of Credit Limit

The maximum amount a borrower may spend on a credit card or revolving line of credit is referred to as the credit limit. Lenders typically set a credit limit depending on the borrower's ability to repay. The credit limit is the maximum amount of money somebody may spend on repayment once all other obligations have been met. If

If you routinely spend more than 50% of your credit limit, your credit score may suffer. It demonstrates You're not very good at handling and managing money. It is necessary to keep a good credit score. It's critical to maintain your spending under 50% of your credit limit.

3. Multiple Loans

Your CIBIL score will drop if you seek refuge in debt whenever an unexpected expenditure arises, and you end up seeking numerous loans from different lenders. It indicates that you are in dire need of credit and are not properly managing your funds. Furthermore, when each of these lenders submits a hard inquiry request to credit reporting agencies, such inquiries are recorded, decreasing your CIBIL score.

As a result, knowing and understanding your CIBIL score is essential before applying for any loan. You may be sure that if your CIBIL score is poor, you will not obtain a good offer. You'll be charged outrageous interest rates or a much smaller loan amount than requested.

How to Improve your CIBIL Score?

In such a case, strive to enhance your CIBIL score by repaying any outstanding loans and making all of your monthly payments on time. If you have a decent CIBIL score, use it to your advantage and request interest rates from several lenders who would be willing to give you money. 

Compare the rates and terms of the loan, a bargain if required, and then choose the best option. There are many more aspects that can decrease your CIBIL score like multiple rejections, not checking your score, Closing Credit Cards that have a high credit limit, etc.  So make sure you keep your credit score and finance in check if you are looking to get a home loan or any other loan. 

13 Comments  |  
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Deal Newbie Deal Newbie
nischaycool wrote:

It’s not free

Follow the OP’s link, on the same page scroll to the bottom. Under “Self Service” you’ll get the link with text “To get your Free Annual CIBIL Score & Report, click here”


Deal Cadet Deal Cadet
nischaycool wrote:

It’s not free

Bro, it’s free once every year on CIBIL Transunion website.

Deal Lieutenant Deal Lieutenant

Bank bazaar aur paisa bazaar se check na karo toh achcha hai.

Rest, you forgot to add One Score.

Deal Cadet Deal Cadet

One Score is best and spam free.

Deal Newbie Deal Newbie

There are few free options available
1. Onescore ( Experian & cibil) monthly
2. Freecharge (cibil) monthly
3. CRED (Experian/highmark) monthly
4. Amazon (cibil) monthly
5. Sbi home loan (cibil) monthly
6. Cibil official annually
7. Hdfc cibil monthly
8. Bankbazaar (experian) not recommended
9. PaisaBazaar ( Experian , cibil, high mark , Equifax) not recommended

Blaze Blaze

Is the onescore is safe for sharing pan details? Is it soft fetch as like cred or the actual fetch?

Deal Newbie Deal Newbie
satkan19 wrote:

Is the onescore is safe for sharing pan details? Is it soft fetch as like cred or the actual fetch?

It is soft query. All credit score enquiries done with your consent and knowledge don’t affect score. Only the ones where you apply for the loan and the loan provider does a hard query to check your eligibility affect the score.

Deal Newbie Deal Newbie

Phonepe gives it for free in a second, Isn’t it?

Deal Cadet Deal Cadet

How to increase it? Mine went from 800’s to 600’s in less than an year

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