The CIBIL score ranges between 300-900 and indicates how diligently you have repaid your previous loans and credit card bills. A good score for a loan or credit card is considered to be 750 or above. You can check it for free on websites like CIBIL, Paisabazaar, Bankbazaar, Wishfin, and Bajaj Finserv.
CIBIL Score: Ranging from 300 to 900, it signifies your credit history and financial reliability. Banks and NBFCs generally prefer customers with a score of 750 or above for loans or credit cards. You can check your score for free on the official CIBIL website or platforms like Paisabazaar, Bankbazaar, Wishfin, and Bajaj Finserv. This ensures you receive accurate and secure information about your financial standing.
What is a CIBIL Score?
A CIBIL score is an assessment of your past credit behavior. It checks whether you have made timely payments on your loans and credit cards. A b score indicates that you are financially dependable. Banks use this score to decide whether to approve your loan application.
According to experts, a CIBIL score of 750 or above is considered good. If your score is above 750, you can easily obtain a loan, and the interest rate might also be lower. Most banks and NBFCs prioritize customers with b credit scores. Conversely, a score below 700 can make it difficult to get a loan, and the interest rate may be higher.
How is a CIBIL Score Calculated
The CIBIL score is primarily based on your credit history, payment timeliness, existing outstanding loans, and credit card information. If you have paid your past dues on time, your score will be better. Additionally, taking out too many credit cards or loans and not repaying them on time can affect your score.
How to Check CIBIL Score for Free
You can check your CIBIL score for free on various platforms. To do this, you will need to enter your PAN card number and some basic information.
1. Official CIBIL Website
Website: https://www.cibil.com
How to do it:
- Click on "Get Your Free CIBIL Score".
- Enter your PAN card number, email, and mobile number.
- Verify the OTP and view your score.
This platform provides one free report per year.
2. Paisabazaar
Website: https://www.paisabazaar.com
You can check your CIBIL score for free on a monthly basis here.
3. BankBazaar
Website: https://www.bankbazaar.com
Your CIBIL score can be viewed for free after registration.
4. Wishfin
Website: https://www.wishfin.com
You can get your free score instantly with the help of your PAN card.
5. Bajaj Finserv
Website: https://www.bajajfinserv.in/check-free-cibil-score
You can view your score by simply entering basic information.
Points to Note While Checking CIBIL Score
- Always use only trusted and secure websites.
- Your PAN card number and mobile number will be required to check your score.
- Keep checking your score periodically so you are aware of your credit situation.
- Do not check your score from suspicious sites or unknown platforms.
CIBIL Score: The Key to Easy Loans
The CIBIL score is a significant measure of your financial credibility. A minimum score of 750 is considered good for loans and credit cards. It is essential to check it for free periodically and maintain a b credit history. Having the right score not only makes obtaining a loan easier but also ensures a lower interest rate. Several trustworthy platforms in India allow you to check your CIBIL score for free and plan your financial decisions more effectively.
