Check CIBIL Score

CIBIL Score: All You Need to Know

Do you wish to have a good credit score at all times? Well, update yourself on your capability of taking loans and credit cards at all times. Get yourself updated on your credit health which is healthy for obtaining your online score. Just log on to the website as you are required to offer a few personal details for validation consisting of your PAN card number and will obtain your credit score  as against fee payment.

Check CIBIL Score by PAN Card

It often comes to your mind that you are required to provide further details (along with PAN card details) so as to become authenticated. All you are required to enter some personal details such as your date of birth, contact details, ID proof and probably answer some questions depending on your credit history. As soon as the authentication turns out to be successful, you are required to make the requisite payment. Subsequently, you will obtain your CIBIL score thereafter.

You can avail for any one of the 3 updates on your CIBIL score. Get a quarterly update based on 4 times a year or biannual twice a year or purchase a one-time subscription so as to update your score.

How to Improve CIBIL Score?

Wish to improvize your CIBIL Score? Yes, why not? So, get a quick and accurate idea of your credit history. However, there are leading credit bureaus in India which issue credit reports, namely CIBIL, Equifax, Experian and Wishfin.com. No matter, the credit scores and credit reports issued by all these bureaus stands equally valid, though possibly CIBIL is the most reputed one presently.

Whenever you place a request with a bank or a financial lender for a loan or a credit card, the basic eligibility criteria, an applicant needs to have is a credit score of 760 and above in order to avail a loan or a card. Once you pass off this process, lenders examine your credit report for getting a more accurate picture of your repayment behaviour. Some lenders might make a lending decision mostly on the basis of your credit score.

If you are willing to apply for a loan or a credit card, it is a fair way to assess your credit score well in advance. You then have an adequate time to modify your score and re-orient your credit profile before you wish to apply for the loan and avoid the risk of loan rejection.

CIBIL Score Free

For availing a CIBIL score which happens to be just a click away in order to make the entire process paperless.

  • Getting a CIBIL Score is very simpler, you need to log-in to your official CIBIL website and upload the requisite documents i.e. your address proof, your personal information, id proof and other pertaining facts.
  • Once you fill the form you will be routed to the authentication page wherein you will be asked for details like your First Name(as per PAN Card), middle name, last name, date of birth, gender, PAN Card, your contact details like your current residence, Pincode, State, City, Email ID and phone number. If you answer it correctly, CIBIL will send your credit score on your email address within 24 to 48 hours.
  • If there is an authentication failure, not to worry, you will obtain a hard copy of your CIBIL report on your postal address as mentioned by you with the lender.
Importance of Your Credit Score

A credit score of  760 and above no doubt is a good score for keeping a track record of meeting the aspirations of your loan requirements. A low credit score indicates that you are not required for making a history of repayments with a higher likelihood of default.

The potential lenders first gauge a customer’s credit score in order to examine whether or not to process the application further. The statistics exhibit a wide variety of loans that are sanctioned to the customers with a credit score of 760 and above. Although there are several benefits of a high credit score which involves:

  • Lower interest rate
  • Loan amount
  • Longer tenure
  • Quicker approval process
  • Easy documentation
  • Higher card limit

It is always fair to know the factors which are used to calculate a credit score so that you can improvise it, although required, and get the best loan offers in the marketplace.

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