Whether it is to apply for an online loan, a credit card, or to simply stay updated on their financial profile, people find themselves checking their CIBIL score online quite often. This is because your CIBIL or credit score plays an instrumental role in determining your creditworthiness or how responsible you have been with borrowed money in the past. When you perform a CIBIL score check online, you get clarity on whether or not you will be eligible for a loan or a credit card and on what terms and conditions.

What Is A CIBIL Score?

A CIBIL Score or Credit Information Bureau (India) Limited (CIBIL) score, is a three-digit number ranging from 300 to 900. This is calculated based on your financial past and how responsible you have been in repaying your loans on time. A higher CIBIL score usually indicates better creditworthiness. Whereas a lower credit score signifies the opposite. It plays a very significant role in loan and credit card approvals.

Can You Check Your CIBIl Score Online For Free?

When it comes to running a CIBIL score check or a credit eligibility check, you can do it for absolutely free. Authorised credit bureaus and regulated financial marketplaces allow people to run a free credit score check without paying any subscription fee or service charge.

Steps To Check CIBIl Score Online

Checking your CIBIL or credit score online is a very simple process. All you need is a trustworthy and regulated credit score app or website and your PAN number handy.

Step 1: Visit the official CIBIL website or a regulated and authorised credit bureau website.

Step 2: Register or Log In on the homepage of the website. If you are an old user, you can simply choose to log in. If you are a new user, then you can simply register or sign up on the homepage.

Step 3: Every website will ask for personal details like -

• Full Name (As per official records)
• Date of Birth (To verify your identity and age)
• Contact Information (Mobile number and email address)
• PAN Card Number (For identity verification)

Remember, not all websites might ask for all of the above information, and can only work with your PAN card number or mobile number.

Step 4: Verify your identity by entering the OTP sent to your mobile number or your email address.

Step 5: Access your CIBIL score online once all the details are filled and thoroughly processed.

How To Interpret Your CIBIL Score?

• Range: 750-900

If your credit score or CIBIL score falls in this range, then it is considered to be ‘Excellent’. It reflects a very strong and reliable credit history

• Range: 700-749

If your CIBIL score falls in this range, then it is considered to be ‘Good’. You will still get approved for loans or credit cards, but the terms and conditions might not be as favourable.

• Range: 650-699

If your CIBIL score falls in this range, it is considered to be ‘Average’. This indicates that your credit history has suffered some issues and hurdles in the past. Lenders might charge you higher interest rates and stricter terms and conditions.

• Range: Below 650

If your credit or CIBIL score falls in this range, then it is considered to be ‘Poor’. In situations like this, you need to get help from a credit builder app that guides you through the process of improving your credit score.

Performing a regular CIBIL score check online will always keep you aware of your financial standing. It also helps you improve your chances of getting loans and credit cards on favourable terms and conditions. In order to maintain a good CIBIL score, always ensure that you pay your dues on time, maintain a low credit utilisation ratio, and monitor your credit report regularly.