Call it the rampant advertisement across multiple media or the credit hygiene, people flock to websites to check their CIBIL score, just to get an idea whether they deserve a credit or not. It doesn’t matter whether they want a loan or credit card, a good CIBIL score makes it easy for them to get an approval from the lender.
It becomes even sweeter when CIBIL score comes free to them. You need to create a free CIBIL Score Login online to do so. Let’s get to the login process and other information by reading the article further.
Free CIBIL Score Login Process
You can create a login on the website of CIBIL, a credit information leader in India. While logging on the website, you need to share a few personal and credit details with CIBIL before going on to create a login. The personal details are obvious with name, date of birth, PAN Number needed to be entered by the user.
On the other hand, you would need to mention the loan or credit card account number, the amount of loan or credit limit offered, etc. Mention these details correctly so that they get verified successfully.
After the verification is done, you can create a login. While creating the same, make sure to choose a User ID and password of desired length along with meeting the requirements of alphabet, numeric and special characters. Once you create the credentials, you can just log in by entering the same and check your score free once a year. But if you check more than once, be ready to pay a sum of ₹550 and more on each instance post one free check in a year. However, some websites provide free CIBIL score login for every check you make.
What is the Minimum CIBIL Score to Get a Credit Approval?
The minimum CIBIL score required to get an approval for credits like a personal loan, home loan, credit card and alike is 700 and above. However, on getting a score of 750 and above, loan and credit card offers can become a lot attractive. Loan disbursal can be more and that too at an attractive interest rate. With such a deal on offer, your repayment journey is smoother.
How to Improve CIBIL Score?
Having a low CIBIL score does shut the door for credit approval but that’s not the end of the road. You can improve it over time. Firstly, you need to identify the reasons that can lead to an improvement in the score. For most, a poor repayment routine is found to be the reason for a poor score. If that is the case, you need to get your repayment on track by budgeting your spends in a careful manner. With the repayment getting smoother and timely, CIBIL score will start moving upwards.
There can also be an issue of excessive credit utilization, particularly with a credit card as the plastic money can help shop everything. Make sure to keep the utilization ratio to 30%-40% of the limit offered. This will help boost your score with time.