Can I Check My CIBIL Score For Free From CIBIL?

Yes, CIBIL offers you a login free CIBIL check service using which you can know your credit history without any hassle. CIBIL Score is a three-digit number that displays your repayment capacity to the bank or lender. Many banks and non-banking financial institutions investigate the applicant’s credit score before approving their loan or card. With the help of CIBIL’s free CIBIL score check, you can improve your score to get the loan or card approval. Read this article to know how to check free CIBIL Score? And know how to improve the score?

How can I check my CIBIL Score?

To know your CIBIL SCore first, you have to visit the CIBIL’s official website after that create your account by mentioning your KYC and PAN details. Then click on the “Accept and Continue” button to verify your details when the verification is completed you will get the notification on your mobile number or email address. You can easily check the free CIBIL score and can find a suitable loan or card according to the score. 

You can also take the membership plan from CIBIL for suggestions on improvement of the score. The highest score is 900 and the lowest is 300, the CIBIL score ranges from 300 to 900 and the average score for the loan and card approval is 750 or above. 

Can I improve my CIBIL Score if yes then how?

There are many ways by which you can improve the CIBIL score, some of the tips are mentioned below:

Timely Bill Payments: Your credit card or loan due payments can be a major reason for your low CIBIL Score. So, if you want to improve the score and thinking how can my CIBIL Score can be improved? Then make payments of your loan EMIs regularly and try not to choose the revolving credit option on your credit cards. Because it can increase your credit bills and would make it difficult for you to pay bills on time. 

Make smart choices: You can maintain your credit score high by making a  balance of both secured and unsecured loans. Because, if you have taken multiple unsecured loans then it can lower your credit score. 

Don’t use your card over the limit: If you use your credit card over the limit then it can lower your credit score. Because the credit utilization ratio increases when you use your card beyond its limit. So, it could be beneficial if you maintain the credit utilization ratio to below or equal to 40%.

What are the Benefits of high CIBIL Score?

Your credit score plays an important role in your loan or card approvals because some type of loan or credit cards demand the individual’s CIBIL score. Because the CIBIL Score determines your creditworthiness to the bank or financial institution, and if you have a healthy score then you might get a lower rate of interest on your loan amount. Another benefit of a high CIBIL Score is that your loan or credit card applications are also approved easily. So before applying for any loan or credit card, you must check the free CIBIL Score from CIBIL to get instant credit report.