Free CIBIL Score Calculator

CIBIL Score is a 3-digit credit score provided by TransUnion CIBIL Limited. It is calculated on the basis of your credit repayment history and shows insights on your credit health i.e. creditworthiness. Your Credit history reflects all your credit accounts, including Credit Cards and loan accounts & lists, current outstanding, past repayments, irregularities (if any) etc. Thus, if you regularly repay your loans and Credit Card in the past, your score will remain high.

The credit score ranges from 300 to 900. Higher the score, better it is for your credit health. Banks prefer to lend the best interest rate offers to the applicants with 750+ score. In general a credit score above 750 is considered good and assures timely repayment to the lenders.

The credit score eligibility for different loans will vary according to the product type. A credit score of 700 and above is considered apt for availing best rate on secured loans and a score above 750 for unsecured loans respectively.

CIBIL Score between 800 and 900

A CIBIL score range between 800 and 900 is indicative of excellent credit history. It shows financial discipline with regards to repayments of loans and other credit dues. A score in this range makes you eligible for a loan of your choice from the chosen lender. You can get the best interest rate and loan terms. It reflects that you are preapproved for Car Loan, Home Loans, Personal Loan and Credit Cards.

CIBIL Score between 700 and 799

A credit score in 700 and 799 range is considered fair. It indicates a good repayment record, however with the need for a detailed credit check. The banks and financial institutions will conduct further credit appraisals based on the credit policies of individual bank/ financial institution. Still, the chances for loan and credit card approval are high in this range.

CIBIL Score between 550 and 699

A credit score in 550 and 699 range is not good. It indicates some irregularities in respect of payments of outstanding dues. Lending institutions will charge high interest or require collateral for a favourable credit decision.

Credit Score between 300 and 549

A credit score in 300 and 549 range is considered poor. It shows multiple red flags such as account write off, settled accounts, or default in the report. There could also be a record of other delinquencies and utilisation of credit beyond limits. It will be difficult to get a loan with such credit score. The borrower needs to improve credit score before applying for a loan.

Also Read : Check Free Credit Score

You can use CIBIL Score Calculator and know your check free cibil score. Once you log in with your identity details & PAN number, your account will be generated. The score with be updated in the dashboard each month. You can login and check the score.

Additional Reading: Cibil score check free online by pan number

• The benefits of using CIBIL Score Calculator are:
• Free & personalised access.
• View updated credit report with detailed credit history.
• Track credit score for free.
• Unlimited access with no limit on number of usage.
• Helps you check eligibility for loans & credit cards.
• Get timely update about change in your credit score.

In 2017, the Reserve Bank of India (RBI) made it mandatory for all the credit information bureaus to provide a free credit report once every year. You can visit the official bureau website and get access to your free report once each year. But it is not sufficient to draw a report once a year. You need to periodically monitor your credit score and maintain a good credit health. On payment of a nominal annual fee, the credit bureau provides unlimited access to the report.

Alternatively, you can also avail free & unlimited access to Credit Score on MyMoneyMantra using Free Credit Score Calculator.

Steps to Check Free Credit Score using Online Calculator:

• Click on ‘check your credit score’.
• Share details: name, email & mobile number.
• Verify OTP received on your mobile.
• Share date of birth.
• Next, feed in PAN details or upload PAN.
• Share residence pin & city.
• You will get access to your credit score.
• You will also get detailed credit history displaying your loan accounts.
• You can also check credit score profile & understand the gaps in improving your rating.

The Credit Bureaus calculate Credit Score with their proprietary algorithms and calculation methods.

According to CIBIL, there are four primary factors that impact your CIBIL score.

Payment history: Credit history is drawn based on your earlier track record in respect of loan and credit card payments. It is one of the most important factors & holds 30% weightage. The banks and financial institutions update this information to the CIBIL on a monthly basis. The data captured contains details of equated monthly instalments (EMIs) and Credit Card payments.

Credit utilisation: Your credit utilisation ratio is determined by the present loan outstanding divided by the available credit limit. Using high credit utilisation ratio adversely affects your score. High level of credit utilisation reflects the extent of the financial burden. This aspect has 25% weightage for calculation of credit score.

Credit mix: Credit Mix, i.e., the range of secured and unsecured loans, also affects the credit score. A healthy mix of secured and unsecured loans is recommended to maintain a good score. High unsecured loans affect your credit score negatively. This again holds 25% weightage for calculation of credit score.

Multiple Enquiries: The number of applications submitted for loans also bear an impact on the credit score. Frequently applying for loans at different banks will result in a decline in the credit score. It reflect credit hungry behaviour and puts a red flag on your credit rating.

Recently CIBIL also reported that the credit usage behaviour of the individual also impacts the score.

You can contact CIBIL customer care on following numbers:

Consumer Helpline Number: +91 - 22 - 6140 4300

(Call from Monday to Friday between 10:00 AM to 06:00 PM)

You can also fill in online contact form on the CIBIL website.

To visit Office, contact from Monday to Friday between 10 AM to 6 PM.

Contact Number: +91 - 22 - 6638 4600

CORPORATE OFFICE

TransUnion CIBIL Limited

(Formerly: Credit Information Bureau (India) Limited)

One World Centre, Tower 2A, 19th Floor,

Senapati Bapat Marg, Elphinstone Road,

Mumbai - 400 013.

Fax: +91 - 22 - 6638 4666