How To Check My CIBIL Score Via Online.

How To Check My CIBIL Score Via Online.

CIBIL Score :

CIBIL stands for “Credit Information Bureau India Limited”. It is a company engaged in managing and maintaining credit records of various companies, institutions and individuals based on which lenders issue loans. Banks and other lending institutions submit information to CIBIL that this company calculates CIBIL Score.

A CIBIL score is a three-digit number that indicates your credit report. CIBIL score ranges from 300 to 900. If your CIBIL score is close to 900 then it is considered as a good score and easy to get approval for a loan or debt. On the other hand, if your score is close to 300 it is a bad score and the chances of getting any loan are difficult. So it is necessary to check and monitor your CIBIL score regularly.

Difference between CIBIL Score and Credit Score .

CIBIL Score is a credit score created by the credit rating agency TransUnion. TransUnion CIBIL is the gold standard of credit scores and the only thing that counts when seeking finance. Although there are many credit bureaus that provide credit scores, CIBIL carries the most weight among banks. Now, a credit score is like your financial report card, a numerical representation of your credit health.

A CIBIL score in India can range from 300 to 900, and a CIBIL score above 750 means faster approval for loans or credit cards. When evaluating any type of credit application, the lender checks your credit score and credit history before proceeding with the application.

How to Check CIBIL Score Online.

  • Visit official CIBIL website https://www.cibil.com
  • Select the option ‘Get your CIBIL Score’
  • Select “Click here” option to get your free Annual CIBIL Score
  • Now enter your Name, Email ID and Password and attach an ID Proof (Passport Number, PAN Card, Aadhaar or Voter ID). Also enter your zip code, date of birth and phone number
  • Click on ‘Accept and continue’ option
  • You will receive an OTP . Enter the OTP and select to ‘Continue’
  • Select ‘Go to dashboard’ option and check your credit score
  • Now you will be redirected to myscore.cibil.com
  • Click on ‘Member Login’
  • Once you log in, now you can see your CIBIL score.

Minimum CIBIL score to get Personal loan and Home loan.

The minimum CIBIL score for personal loan approval is 750. Your CIBIL score should be close to 900 to get additional features. If your score is below 750, you need to increase your score.

The minimum CIBIL score to get a home loan is between 650 – 749. Above 750 is considered a good score.

How to maintain good CIBIL score : 

Listed below are some simple steps to maintain CIBIL score.

  •  Maintain a good track record by paying your installments on time.
  •  Manage your credit card and always buy from the limit
  • Avoid being a co-signer for a loan if you are not sure of repaying the loan.
  • Avoid getting too much debit.

CIBIL Score Range :

CIBIL Score

Range

300-579

poor credit
580-669

fair credit

670-739

good credit
740-799

very good credit

800-900

exceptional credit