CIBIL Score Check

How to Check My CIBIL Score

– Step 1: Visit the CIBIL Score product page.                    You will find a form at the top of the                     page. – Step 2: Enter a few personal details, such as                    your employment type, name, PAN,                    mobile number, date of birt,h and                     more – Step 3: Agree to the terms and conditions. – Step 4: Click on 'PROCEED WITH OTP'. – Step 5: Enter the OTP sent to your registered                    mobile number.

What are the Details Required to Check CIBIL Score

– Your personal information, such as name,     address, date of birth, mobile number, and      more – Type of employment, i.e., whether you are      salaried or self-employed – Your monthly income or annual turnover – Your PAN

Why is your CIBIL Score Important

1. It helps you know your credit statu When you receive your credit report, you get to know your standing pertaining to your credit. It is a summary of your past and present credit transactions. By checking this score at regular intervals, you can avoid any discrepancies and work towards improving your score. 2. It makes you eligible for loan This is yet another importance of credit score. Lenders usually consider a good CIBIL score as one of the primary eligibility factors for loans. In this regard, a credit score of 750 and above is considered ideal. Thus, if you maintain a good credit score, your chances of availing a loan become higher.

Will Repeated CIBIL Inquiry Affect my CIBIL Score

There are two types of CIBIL inquiries, namely: – Hard inquiry – Soft inquiry When you check your credit report, it is considered a soft inquiry, whereas when a credit card issuer or a lender checks your credit report, it is called a hard inquiry. Typically, soft inquiries do not hamper your credit score. However, if done over a short span, multiple hard inquiries can significantly hurt your CIBIL score.

3 BHK @ 90 Lacs*

On Prime Location of Gurgaon

For Best Deal & Service

+91 8750 868686

What are the Benefits of a Good Credit Score?

Maintaining a healthy credit score is beneficial for borrowers due to the following reasons: – One of the primary advantages of a good credit score is      that it increases your eligibility to avail of loans. Some       financial institutions might even offer you pre-      approved offers if you have a high credit score. – With a high credit score, lenders might offer you a loan       with a lower interest rate. This is because you have        already established that you are a responsible borrower. – Apart from the lowered interest rate, you might ask your       lender to increase the loan tenure.

How is Credit Score Calculated?

– History of loan repayment – Age of credit history – Credit utilisation ratio – Hard inquirie – Credit mix

Why is your Credit Score Low?

– Irregular credit card or loan – Missed EMI payment – No credit history – Too many unsecured loans – Multiple quiries hard  – The discrepancy in the credit     report

How to Improve Your Credit Score?

– Pay your due – Review your credit report      at regular interval – Avoid taking too many      loans at the same time – Maintain a good credit mix

Why Do Lenders Check Credit Scores?

The credit score is a common eligibility parameter when you apply for loans. Having said that, when lenders run a credit check, they try to assess what kind of a borrower you are. In this regard, your credit history helps them know how well you have managed loans and credit cards in the past.  Thus, irregular debt payments and maxed-out credit cards might pose you as a risky borrower, hampering your creditworthiness.