Check Free CIBIL score

Checking your CIBIL score from time to time is important and also very easy. Check free credit score to assess your financial health and credit worthiness. This will help you take corrective action before you seek any kind of loan. So go ahead understand the steps and check your CIBIL score free online. 

Importance of CIBIL score

Your CIBIL score is extremely important when it comes to applying for credit cards and loans. The score gives a summary of you as a borrower. Your potential lenders will examine your CIBIL score to decide whether or not you are eligible to take out a loan from them.

Getting your free credit score is extremely easy. It is an essential step that you should never skip before applying for loans. It will help you understand your financial position and whether or not you need to improve your credit score at the moment.

Your CIBIL score is based on your credit history. It covers your past loans, repayment methods, duration, open credit accounts, and other personal details. 

If you have a low CIBIL score, chances are you will end up not getting loans and credit cards from lenders. In the following paragraphs, we will find out all the details regarding how to check CIBIL score online for free, how to increase your CIBIL score to increase your chances of getting loans and factors that can affect your CIBIL score.

Additional Reading: What is cibil grievance?

Steps to check CIBIL score for FREE

In order to check free credit score, you need to follow a few simple steps.

  • Head to the official page of the CIBIL credit company.
  • Choose the option that says ‘get your free CIBIL score’.
  • You will be asked to choose a paid plan. All you need to do is skip the pop-up notification page and move ahead to the next page.
  • You will be asked to put all your personal details such as your name, email id, phone number, pin code, and other details.
  • Click on ‘agree and continue’ to get your free annual CIBIL score.
  • There are other websites as well that can help you to check CIBIL for free.

Also Read - How to Check CIBIL Score by Pan Card?

How to maintain a good CIBIL score?

Your CIBIL score ranges from 300 to 900 depending on your credit history. It includes your repayment history, your personal details, your employers’ details, your repayment methods, duration, and other details. These are examined by your potential lender when you apply for loans or credit cards. On the basis of the credit score, your lender decides whether or not you are an eligible borrower.

Check your free credit score and make sure you have a sufficient credit score to get your loan applications approved. If you are wondering how you can improve your credit score, a few points should be taken into consideration.

  • Make sure you pay your dues properly if you want to improve your CIBIL score fast. Those who have credit scores range from 750- 900 make sure they pay their credit bills on time. Do not make late payments. It can have a huge impact on your CIBIL score.
  • To maintain a good credit score, you must keep track of your credit report. Many customers have errors in their credit reports at times, and they don’t even recognise them. Make sure you keep checking your credit history to avoid such inconveniences.
  • If you keep spending more than 50% of your credit limit on a monthly basis, it will show you as someone who fails to manage finances well. The utilisation of your credit limit is something your potential lenders take very seriously while examining your loan application. Limit your expenses and make sure you spend around 30% of your credit limit per month for maintaining a decent CIBIL score.
  • Do not apply for credit cards consistently within a short span. Maintain a gap before applying for other credit cards if you already got one. Make sure you apply for credit cards when you know that you can repay your monthly amounts in time without any hassle.
  • Make sure you keep your old good loan accounts on your credit report. Make your good accounts active if you have a good repayment history for a long time.
  • Increase your credit limit to lower your credit utilisation reports instantly. It will eventually help you maintain a good credit score.

Make sure you implement these ways if you are wondering how to maintain a good CIBIL score. Do not take your CIBIL scores lightly. It will affect your loan-taking procedures stressful in the long run. Check your CIBIL score free online frequently. Keep track of your credit history and follow all the necessary steps to ensure your CIBIL score is decent enough before applying for a loan.

Also Read - Top 10 Factors Affecting Your CIBIL Score

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How is the CIBIL score calculated?

Your CIBIL score is calculated based on a few factors. Your potential lender examines these while you apply for loans and credit cards. The major factors that your CIBIL score depends on include:

  • Your credit history. Your past loans, repayment method, duration, employers details, and other information are considered during the procedure.
  • Several metrics and factors are involved in the credit rating procedure.
  • The number of credit accounts you have also have a huge role to play when it comes to your credit reports.
  • If you have a long history of repaying your loans, it can positively impact your CIBIL score.
  • Whether you made late payments or not also has a huge role to play. Late payments can make you look like a borrower who does not have sufficient knowledge of finance and how to manage personal expenses.
  • Your utilisation of the credit limit is taken into consideration. If you keep spending more than 40% of your credit limit monthly, your CIBIL score will eventually decrease.

Check your CIBIL score for free and analyse whether you have enough CIBIL scores to apply for credit cards and loans.

Also Read - Complete Guide About Cibil score calculation

Range of CIBIL Scores

The range of your CIBIL score ranges from 300 to 900. 900 is the highest credit score one can have. On the other side, 300 is the lowest credit score to have. 750- 900 is considered a decent credit score that you can have to be approved for loans by lenders. Take a look at the chart to understand your creditworthiness based on your current CIBIL score

Credit ScoreCreditworthinessApproval Chances
Less than 600Urgent actions requiredlow
600-640 Doubtful Considerably difficult
650-699fairgood
700-749Very goodVery high 
750-900excellentExcellent 

Make sure you keep checking your free credit score to understand how much improvement you need to have a decent CIBIL score of 750-900 before you apply for loans.

Also Read - Tips to Increase CIBIL Score from 600 to 750

Importance of CIBIL Score

Your CIBIL score is extremely important when it comes to taking loans and credit cards from lenders. Your lender thoroughly examines your CIBIL score before your loan application is approved.

  • If you have an excellent credit score of 750 to 900, you will be offered several financial benefits and rewards as a result. It suggests that you have maintained a good repayment history for a long time.
  • Lenders may offer preapproved loans to those who have an excellent credit score. Therefore, make sure you have a decent score when you apply for a loan.
  • If you have a credit score of less than 650, your loan and credit card applications will most likely get rejected by your potential lenders. A poor credit score shows you as an irresponsible borrower who cannot manage their expenses.

Check your free credit score to constantly keep track of your credit report so that you do not have to worry about it while applying for loans.

Also Read - How CIBIL Score Affects Your Credit Rating

How to improve CIBIL score?

There are several steps that you need to follow if you want to improve your CIBIL score fast.

  • Make sure you maintain and Before applying for multiple credit cards. Those who keep applying for credit cards come across as desperate borrowers who often suffer from financial crises.
  • Do not make late payments. It can show you as an irresponsible borrower with no knowledge of managing finances at all.
  • Do not cross 30% of your credit limit per month. It will help you improve your CIBIL score fast. You can also consider increasing your credit limit.
  • Make sure you check CIBIL score online for free constantly and analyse whether you have any errors or inconveniences in your report or not.

Also Read - How to Remove Name from CIBIL Defaulters List?

What is the minimum CIBIL score for a personal loan?

Before you apply for a personal loan, make sure you have a credit score of 750 or above. When you have a good credit score, several awards and financial benefits are offered to you by the lenders. If you do not have a decent credit score, try to improve your score before you apply for a personal loan.

Also Check - Cibil Score for Personal Loan

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FAQs

✅How can I get my full CIBIL report free?

Visit the official website of the CIBIL company and press the option that says ‘get your full CIBIL score’ to get a free CIBIL score instantly.

✅What is the best way to check CIBIL score?

The most authentic way to check your CIBIL score is by visiting their official website www.CIBIL.com.

They provide a 100%authentic credit report to all the customers.

✅Are there any charges to check CIBIL score?

For a standard subscription, you will have to pay around Rs.800. The package includes two credit reports over six months. If you want to subscribe for a package of four months, it will cost around 120/-

✅How can I remove my name from CIBIL defaulters list?

The best way is to reach out to your lender and request them to come to an agreement and offer them to pay the entire amount that you have to due.

This way, it will be easier for you to convince them to withdraw the lawsuit filed in the court against you.

✅How can I increase my CIBIL score to 800?

Make sure you make your payments regularly for all the bills, monthly EMI, dips, and other bills. Do not apply for multiple credit cards and keep your credit limit utilisation within 30% to get a CIBIL score of 800 fast.

✅Is 800 a good CIBIL score?

800 is an excellent score to apply for loans. When you have a credit score of 800 and above, your loan applications will most likely be approved by all potential lenders.

✅How can I get a 900 CIBIL score?

First, check free credit score and analyse how much you have to increase in order to reach 900 soon.

Manage your expenses well. Pay all your bills timely and make sure you do not make late payments at all.