CIBIL is one of an authorized bureau is known for providing the credit score to individuals. When it comes to points, it plays an important role to get a loan or card. Moreover, this thing depends on individual’s utilization of product, your payment and repayment record.
Your card usage report can send to the lenders. That’s the reason most of the lenders can check credit score online then provide any facility according to record.
To check credit score online is a routine for those seeking a loan. The RBI also announced people, should check report within a year or in six months. So that, you get to know calculation of points and importance.
How Can You Check CIBIL Score?
You can pick your report through PAN and official site. The choice is yours, both the procedure is flexible and can check without going anywhere. Open the site and fed your details according to that, they can present.
If you want to check through PAN for that, you have to follow few steps.
- Visit the credit rating agency or official site
- Enter your name as per PAN, date of birth, gender, and PAN number
- Share your contact details current-permanent address, registered email ID, and mobile number
- Answers few questions related to your dues, outstanding amount, or any penalty
- Accept terms and conditions
- Click on submit button
If you can login their official site to check credit score online, then follow the simple steps.
- Visit the official site
- Fill your name as per KYC, date of birth, gender, and PAN number
- Provide the current-permanent address, registered email ID, and mobile number
- Answers few questions related to your dues, outstanding amount, etc
- Accept rules and regulations
- And last, submit the application request
What Is CIBIL Calculation Report?
Are you wondering how they calculate your report? Simple, member bank can share your repayment, payment details on a monthly basis. It’s a report of payment, repayment, delay payment, miss the date, utilization, etc. After receiving the record, CIBIL prepares a repayment behavior of individuals. Based on your report, the lenders can give you approval. The range starts from 300 to 900, and above 750 makes happy to the lenders, and less than 650 automatically rejected.
How Can You Measure The CIBIL Range?
The CIBIL range starts from 300 to 900. With this range, you should clear the position. For your ease, we can explain one by one so that you can understand how to maintain and why it’s important.
Less than 300: It’s a direct indication of rejection and cannot get any financial support from the bank.
450 to 500: This number is better than first one, but still the position is same. You cannot get any help from banks or non financial banking company.
550 to 600: You have a chance to get help, but you have to start paying payment, repayment or payback on time. If you can do it regularly, then it would improve your record, and you can get more than current score.
650 to 700: Few banks can provide you a credit card or loan but with the high-interest rate
750 to 800: According to the bank it’s a satisfactory score, and you can have a facility
850 to 900: It shows you are a responsible person and know the utilization of the product