How to check Cibil score for free online detailed info Log on to the official CIBIL website and click on Know Your Score

What is a CIBIL Score

A Cibil Score is a three-digit number that denotes your credit report. The Cibil score starts from 300 to 900 and if you are closer to a Cibil score of 900 then it is considered a good score. On the other hand, if your score is closer to 300 then it is a bad score and there are fewer chances to get any debt. Therefore it is necessary to keep an eye on your Cibil Score by checking it regularly.

Difference Between a Credit Score and a CIBIL Score

CIBIL score is a Credit Score generated by a credit rating agency called TransUnion. TransUnion CIBIL is the gold standard of Credit Scores and the only one that counts while seeking finance. While there are several Credit Bureaus that issue credit scores, CIBIL is the one that holds most weight with banks. Now, a Credit Score is like your financial report card with a numerical representation of your credit health. A CIBIL score can range from 300 to 900 in India and CIBIL score above 750 is considered good for the approval of loans or credit cards. While evaluating any sort of credit application, the lender checks your credit score and your credit history before going ahead with the application.

Therefore you can not point out a better score because every agency has its parameters to calculate the credit score and the Cibil Transunion is one of them. Usually a Cibil Score of 750 and above is enough to get quick approval for a loan or debt.

Credit Score – Check Free CIBIL Score Online

Wishfin is the best way to check your CIBIL Score for Free, as 6.5 million satisfied users have already been discovered! On Wishfin, you can check your CIBIL score every month for free without paying any charges for calculation. It is important to make a Cibil Check because banks look at your CIBIL Score before giving you any type of loan. Wishfin enables you to monitor your Credit Health and Credit History over time and take steps to improve it. You can also download the detailed CIBIL Report that allows you to check your credit repayment status, on-time EMIs, loan enquiries, and much more – at zero cost. If required, suggests financial products such as loans, credit cards, and balance transfers that may have a positive impact on your credit history.

What is the Full Form of CIBIL?

The Term Cibil stands for “Credit Information Bureau India Limited” and it is a company that is engaged in managing and keeping credit records of different companies, firms, and individuals based on which the lenders disburses the loan. The Banks and other lending institutions submit the information to Cibil based on which this company calculates the Cibil Score.

How to Check CIBIL Score by PAN Card and Aadhaar Card?

Your PAN number enables Credit Rating Agencies to identify your credit records accurately. Hence, your PAN number is needed to check your Cibil Score. While checking your Cibil, keep your PAN Card handy and ensure that the Name and Date of Birth you enter match those on your PAN Card. Just follow these steps to check Cibil Score by PAN Card on Wishfin:

1. Navigate to ‘CIBIL Score’ on the Wishfin website or use the Wishfin App
2. Provide PAN Card number
3. Enter your Name and Date of Birth as per PAN Card
4. Enter details such as gender, email address, residential address and mobile number
5. Submit to know your score

After following the above steps, you can easily have the Cibil score check free online by PAN Number.

If you are checking your Cibil Score through an Aadhar then you can use the Address present on your Aadhaar Card. Sometimes, while downloading a Cibil Report, you will need to provide your address and it should be as same as it is present on your Aadhaar Card.

What are the benefits of having a good CIBIL Score?

Credit facilities, such as credit cards or loans, are provided based on a thorough check of numerous factors. These factors include your relationship with the lender, employment status and history, age, and more. Amongst these factors, CIBIL Score is considered as one of the most important factors. Banks evaluate your credit health and capacity for repayment based on your CIBIL Score. Therefore having a good CIBIL score not only helps you get approval in the first place but also affects the quality of debt available to you. A good Cibil score makes a person eligible for better deals on loans and credit cards.

But this does not mean that not having a good Cibil score currently makes you completely ineligible for all financial products. They may opt for secured loans such as loans against property, gold loans, etc by mortgaging their assets. But the options are still limited. Some banks and NBFCs may give loans or credit cards even with a CIBIL score of 0, -1, or a sub 600 score. But these may be at exorbitant rates of interest, offering very low credit limits and stringent repayment terms. The advantage of being on the green side of the scale is undeniable. Because getting a loan is not enough, getting one on good terms which you can viably service is more important. Here are some pros of maintaining a good Cibil score and have the Cibil Score check online for free.

• Increases eligibility for loans – A higher Consumer Cibil Score means lenders will be more comfortable in lending you a bigger amount or providing you with a better credit limit.

• Gives access to best Credit Cards – Some of the premium Credit Cards offer great benefits in addition to deals and offers. Most of these cards have a good CIBIL Score as a prerequisite.
• Lower rate of interest – People wonder why they do not get a loan at the advertised lowest rate of interest. It could be because of a subpar cibil score in addition to other factors such as income, repayment capacity. Those having a positive payment history and a high score are more likely to get a lower rate on loans.
• To build and maintain a credit history – Good credit health does not stop at getting a good score just when you need a loan. What you do with that loan and how you repay it affects your future score. Remember, it’s not a sprint, but a marathon. Maintaining a good cibil score, whether you are seeking a loan or not helps you maintain overall financial discipline. Paying credit card bills, EMI’s on time, not taking an excessive number of loans, and credit cards even though you can afford it now and your score allows it, sows the conditions for a future debt trap.

How to Check Free CIBIL Score on WhatsApp?

Wishfin has been a pioneer in bringing financial services to India’s favorite communication platform – WhatsApp. For the first time in India, a user can even check their CIBIL Score using WhatsApp – no more forms! Checking CIBIL is now as easy as chatting with a friend.

All that a user has to do is give a missed call to +91-8287151151

You will receive a WhatsApp message from Wishfin

You will be asked a few questions such as

1. Your Full Name
2. Your PAN Number
3. Residential Address
4. Your Email Id

What is a Good CIBIL Report?

A CIBIL report is a single unified document that provides a detailed overview of your credit history across different lenders over a significant time period. It is a comprehensive report that provides details of an individual’s or corporate entity’s borrowing history and repayment record. The credit report includes the following information and you can download the free Cibil Report through Wishfin.

• Personal details of an applicant (name, age, gender and address)
• Employment details and earnings
• Number of hard enquiries made by potential lenders on receipt of the loan/credit card application
• Records of previous and current loans along with the payment record
• Any defaults on loan
• The details of settled loans, if any
• Total credit limit and the amount spent monthly (Credit Utilisation Ratio)
• Any credit card payment defaults
• Credit Score

This report provides lenders detailed information on the applicant’s creditworthiness based on previous and current credit behavior. Based on the report, lenders take the lending decision. But more importantly, it provides you with an opportunity to analyze your credit habits and take corrective action if needed. Being aware is the first step to good financial health. As the number of loans and cards pile up, even the most disciplined among us can lose sight of our credit situation. And this is not to be taken lightly, because whether you like it or not, all your credit habits get recorded by financial institutions – it’s like karma. So, a CIBIL report is especially empowering because it helps you understand the workings of credit better and keeps you one step ahead.

How is CIBIL Report Generated?

Credit Information Bureau of India Limited (CIBIL), India’s first Credit Information Company, collects and maintains the records of an individual’s and non-individuals (commercial entities) credit-related transactions such as loans and credit cards. These records are provided by banks and other lenders every month to the Credit Bureau. Using this information, a Credit Information Report (CIR) and Credit Score are developed. When you check your score on Wishfin, you see this exact score and report generated by TransUnion.

How is Cibil Score Calculated?

The member banks and financial institutions report monthly the details related to the credit activity of the customers to the bureaus. This includes data of each loan or credit card repayment made by the customer during the period and even the late or skipped payments. The report comprises new loan applications, interest rates, the credit limit on cards, the status of all loan accounts including those ‘written-off’ or ‘settled’ or ‘closed’. After a complex statistical analysis of the provided information, the cibil score is calculated. Timely credit payments generally lead to a good score. Candidates with a high score have better chances of getting a loan or a credit card.

Factors Affecting CIBIL Score

This is one of the most commonly asked questions about CIBIL Check – ‘Which factors affect your CIBIL Score?’ The answer includes your credit history, payment date, number of unsecured loans, credit utilization, etc. explained in depth below.

Credit History: It is believed that roughly 30% of your CIBIL score depends on your repayment history and timely payment of your dues. Individuals not having any kind of credit history will most probably have a zero CIBIL score. But lenders also look at other factors such as your annual income and employment stability to estimate your repayment capability.

Missing of Due Dates: Your repayment discipline says a lot about your credit habits and repayment capacity and is used to gauge your creditworthiness. Any type of credit product comes with a designated due date. It is structured using things like EMI and regular credit card bills. Missing due dates even once or twice can affect your score. If it happens repeatedly, it will reflect in the credit report generated after every billing cycle and will be read as a pattern. This is terrible for your Cibil score and recovering from here becomes hard. So it’s important to cultivate a habit of timely repayment.

Utilization of Credit: Every person is eligible for a certain amount of credit from lending institutions based on his creditworthiness and factors like income and stability. This is reflected as a Credit Limit. The interesting thing is how much you utilize out of this credit limit also affects your future cibil score, because it gives lenders a sense of your money management skills, your propensity to spend using credit, your credit liability, and the risk to your solvency.

It’s all about patterns. Credit Utilization is a metric that tries to capture the way you utilize your credit from the total given credit limit. It is calculated in percentage terms and is also known as the Credit Utilization Ratio. Suppose that you have a credit limit of INR 10,000 and you use only INR 3,000 from it, then your credit utilization ratio is 30%. From this, the lender can judge that despite having INR 10,000 available as credit, the borrower needed only 3000, hence is solvent and can easily pay back the loan. Borrowers who exhaust their credit limit frequently are known as Credit Hungry Borrowers, who find it difficult to get any kind of credit as they are considered a risk. A low credit utilization ratio (below 40%) usually contributes to a good Cibil score.

Multiple Credit Applications: The chances of your CIBIL score getting affected negatively are higher if you frequently apply for loans and credit cards. This is because lenders can sense desperation. You don’t want to be categorized as ‘Credit Hungry’ and thereby a high-risk proposition. Every time you apply for a loan or a credit card, the bank or lending institution triggers a hard inquiry and the applicant is penalized in his score.

Most often, this is avoidable and your score unnecessarily suffers. It is better to have a Cibil check for free and only apply after you are confident of your score and apply for products that you are likely to be eligible for. Also, never apply for credit cards, again and again, to pay off old credit card debt. Not only will you be facing a debt trap, but also end up damaging your score making the situation worse. So look before you leap, check before you apply!

Increasing Your Credit Card Limit Frequently: Frequently requesting a raise in your credit card limit can create doubts about your creditworthiness. It can indicate that your debt appetite may overtake your repayment ability. This can negatively affect your CIBIL score. So, it is better to stay well within the existing credit limit and repay dues on time. When the time is right, the bank will voluntarily increase your credit limit as per their assessment.

How to Improve or Increase CIBIL Score?

A good Credit Score is like good health – there are only upsides and no downsides. Whether you choose to seek credit using it or not becomes secondary. The fact that it gives you access to healthy credit if and when you need it is a reassuring feeling. It only strengthens your financial options and keeps you on track though positive habit formation. To get the best deals on credit cards and loans, your score must be good. In India, banks and NBFCs would consider your application only if you have a good credit score. Once you understand the factors affecting your score, taking steps to improve it be it becomes easier. Here are some recommended measures to improve your CIBIL score:

• ‘On-time, Every-time’ Payments – Always pay your Credit Card Bills on time. Never miss the due date. Ensure that your EMI deductions are not delay for any reason. This will demonstrate your credit discipline and establish your repayment credibility.

• Debt Consolidation/Debt Optimization/Debt Restructuring –

Why keep 4 credit cards and 3 loans running when you can make do with 2? A tight ship is easier to steer. Close down loan accounts and credit cards that you don’t use much. Say, you have been paying 36% interest on your Credit Card, it would be wise to take a Personal Loan at less than half the interest rate, pay off the Credit Card liability, terminate the card, and pay off the Personal Loan using more manageable EMIs. Also, look for options such as turning your Credit Card outstanding into EMI. This helps you stay clear of the debt trap and these smart decisions will reflect in an improving score. Bring down your Credit Utilization percentage and ensure a healthy ratio of secured to unsecured loans. It’s an ongoing process. Keep optimizing.

• Utilize Balance Transfer Opportunities – This one is somewhat related to the earlier point but deserves a spot of its own. A balance transfer is shifting to another loan with better interest rates and terms. check cibil score online Why continue suffering the same product when better options become available? You can easily do so for products such as Personal Loans and Home Loans and reduce your liabilities, possibly shrinking your EMIs and expanding your Cibil Score! And it’s a virtuous circle – the more your score improves, the better the deals that become available to you. You can keep an eye on balance transfer offers that get unlock depending on your score using Wishfin’s recommendation engine, every time you check your CIBIL for free on Wishfin!

• No Credit History? Try for a Small Loan or a basic Credit Card – This may sound counterintuitive. But if you have no credit history yet ( and hence a 0, -1 score), it might be a good idea to start building one by applying for an entry-level credit product, even if you don’t need it. Why? Because you have to start somewhere and you don’t want to be stuck with no Cibil score when you need finance. But a word of caution – how to check cibil score for free online don’t get carry away. Just because a loan with a high credit limit is available does not mean you take it. Opt for something which is manageable and involves regular repayment, so that you can establish a positive repayment pattern. You can move on to the big stuff when your Cibil Score gets going as fast as your career!

Why is my CIBIL Score zero or negative? What does a CIBIL Score of 0, -1, 1 to 5 mean?

Seeing 0, negative, or a single-digit CIBIL Score can be alarming for new borrowers. In most cases, there is no reason to worry, but definitely, some reason to take constructive check cibil score online action. As explained in the earlier point, such scores indicate that the individual has no credit history or an inadequate one.

A CIBIL Score of 0 indicates NH or No history, i.e., no records of the borrower can find. A CIBIL Score of -1 means that the credit history of the borrower is NA or not available. It may also imply an inadequate credit record or that fewer than 6 months’ worth of records is available (not enough to generate a score).

A CIBIL score ranging from 1-5 denotes the magnitude of risk that a lender may face while lending to a fresh borrower. 5 means less risk. 1 means more risk.

CIBIL Score

The Credit Information Bureau (India) Ltd, better known as CIBIL, is the premier agency for providing credit reports and scores pertaining to individuals. CIBIL sources financial data of individuals such as loan and credit card information from leading banks and other how to check cibil score for free online financial institutions in India. check Cibil score online This data is then present in the form of a CIBIL credit report, also known as a Credit Information Report (CIR).

CIBIL was incorporate in 2000 and has continue to expand its presence throughout the country. It is back by Transunion International and Dun and Bradstreet, which are major global credit bureaus and agencies

What is a CIBIL Score?

The Credit Information Bureau (India) Ltd, popularly known as CIBIL is a Reserve Bank of India (RBI) authorize credit agency. It offers CIBIL scores and CIBIL reports for individuals. A CIBIL score is generate by the bureau after considering an individual’s detailed credit information. The agency also offers credit report services to the banks and other NBFC (Non-banking financial companies). A CIBIL score is a three-digit number between 300-900, 300 being the lowest, that represents an individual’s credit worthiness. A higher CIBIL score suggests good credit history and responsible repayment behavior. CIBIL scores are calculate on the basis of at least 6 months of historical financial data of an individual. The data is fed into an algorithm with 258 different variables; each with a different weightage.

Why a Good CIBIL Score is Important for Loans

A CIBIL score is consider as good if it lies between 700 and 900. This will  take into account by banks and NBFCs when considering a loan application for most retail loans, whether it is a home loan or a vehicle loan.

A high CIBIL score, also called a credit score, has many benefits during the loan application process such as:

• Quicker and faster loan application process
• Easier loan documentation process
• Lower interest rates on the loan
• A higher quantum of loan
• Longer or more flexible repayment tenure
• Choice between multiple lenders so that you can select the loan that’s best for you In addition, such a score will lead to a quicker and easier documentation process. When it comes to a home loan, you can expect up to 80% of the total cost of the property if you have a CIBIL score between 700 and 900.

A CIBIL Score is a numeric summary of credit history that is calculate base the following factors:

Track Record of Past Payments	Record of all past repayments Consistently making payments on time leads to a higher score Delayed payments leads to a lower score Recent delayed payments makes a more negative impact
Previous Settlements, Defaults, Write-offs	Recent write-offs impact more negatively than older ones Multiple write-offs lead to lower score Write offs documented by lenders on previous debts lower score Delays or defaults on secured loan repayments impact more negatively than unsecured loans
Loans as Proportion of Income	Low loan balance indicative of healthy credit usage and thus higher score High loan balance reduces score
Secured Loans vs. Unsecured Loans and credit cards	High credit card balances lower score Reliance on unsecured loans (credit cards) over secured loans viewed negatively Lesser number of such accounts coupled with frequent payment history pushes up score
Loan Equities	Many loan enquiries to avail loans indicative of “credit hungry” behaviour, negatively impacts score

How to Check Your CIBIL Score Online Step by Step:

Here is how you can check your CIBIL score:

• Step 1: Go to the official CIBIL website 
• Step 2: Select ‘Get your CIBIL Score’

• 3 Step : Click on “Click here” to get your free Annual CIBIL Score

• Step 4: Type in your name, email ID, and password. Attach an ID proof (passport number, PAN card, Aadhaar or Voter ID). Then enter your PIN code, date of birth, and also your phone number
• Step 5: Click on ‘Accept and continue’

• 6 Step : You will receive an OTP on your mobile number. Type in the OTP and select ‘Continue’

• Step 7: Select ‘Go to dashboard’ and check your credit score

• Step 8: You will be redirected to the website, myscore.cibil.com

• 9 Step : Click on ‘Member Login’ and once you log in, you can see your CIBIL score.

3 Essential Tips to have a great CIBIL Score

A CIBIL score of 750 and above is considered as ideal. It is important to have a high CIBIL score as it is useful when you are applying for a loan or a credit card. Keeping your CIBIL score on track since the beginning of the year can help you increase the chances of getting a loan approved easily. Maintaining a healthy CIBIL score is extremely important. how to check cibil score for free online Here are some important tips to have a great CIBIL Score.

• Be Disciplined: Credit Card and loan repayments have the strongest impact on your CIBIL score. Hence, paying all your dues on time should be your priority.
• Low Credit Utilization Ratio: Keep your credit utilization ratio at 30% for a good CIBIL score. It is advised to get a credit card with higher top limit, if you are struggling to stay within the existing limit of the card.
• Seek Variety: It is better to have a good combination of secured and unsecured debt in order to get a high CIBIL score. A Credit Card is an unsecured debt

How to Improve Your CIBIL Score?

It is important to have a high CIBIL score as it helps banks decide whether to extend a certain amount of credit to you or not. A good CIBIL score increases your chances for an easier credit approval. Here are five simple and effective ways that will help you improve your CIBIL score.

• Check and Monitor your CIBIL Score: It is better to know your CIBIL Score regularly, as it will give you an idea about your credit status. You can monitor your CIBIL score by applying for subscription based credit score. In addition, you can also track your score by using free CIBIL report from the leading credit bureaus in India. Another reason to check your CIBIL score is to see whether there are any errors or false records about your credit account.
• Review your credit report: In addition to monitoring your CIBIL Score, it is advised to check your credit report as it might have errors. It is better to review your credit report regularly, as you can rectify them on time.

• Limit your Credit Usage: Maintaining a discipline when it comes to credit card usage is of utmost importance. Make sure you are not exhausting your entire credit limit. Until your CIBIL score reaches 750, it is advised to not spend over 50% of your credit card limit.

• Increase your credit limit: A credit limit is the total amount you can borrow through the card. Request your credit card issuer to increase your credit limit.
• Make payments on time: In order to prove that you can manage your debt efficiently, make sure to pay all your dues on time. how to check cibil score for free online Avoid delays in paying your bills to maintain a good credit. Never pay partial amounts as it may showcase you as undisciplined credit payer and edge down your CIBIL score.

CIBIL Score Range

A CIBIL score ranges from 300 – 900, 900 being the highest. Generally, individuals with a CIBIL score of 750 and above are consider as responsible borrowers. Here are the different ranges of a CIBIL score.

NA/NH: If you have no credit history, your CIBIL score will be NA/NH which means it is either “not applicable” or no history”. If you have not used a credit card or have never taken a loan, you will have no credit history. You might want to consider taking credit, as it will help you in building a credit history and get access to credit products.

350 – 549: A CIBIL score in this range is consider as a bad CIBIL score. It means you have been late in paying credit card bills or EMIs for loans. With a CIBIL score in this range, it will be difficult for you to get a loan or a credit card as you are at a high-risk of turning into a defaulter.

550 – 649: A CIBIL score in this range is consider as fair. However, only a handful of lenders would consider offering you credit as this is still not the best CIBIL score range. It suggests you have been struggling to pay the dues on time. The interest rates on the loan could also be higher. You need to take serious measures to improve your CIBIL score even further for better deals on loan.

650 – 749: If your CIBIL score is in this range, you are on the right path. You should continue displaying good credit behaviour and increase your score further. Lenders will consider your credit application and offer you a loan. However, you may still not have the negotiation power to get the best deal on the rate of interest for loan.

750 – 900: This is an excellent CIBIL score. It suggests you have been regular with credit payments and have an impressive payment history. Banks will offer you loans and credit cards as well considering you are at the lowest risk of turning into a defaulter.