What is CIBIL Score | How to Check CIBIL Score Free?

Cibil score in Hindi. Nowadays, most people need some amount of loan to build their houses, to start a business, and for personal use. When they visit the bank or loan provider company to apply for a loan, the company checks CIBIL’s credit score. This score is very important when getting loans like Personal loans, Business loans, car loans, home loans, etc.

Every company checks the CIBIL score before providing you with a loan. If your CIBIL credit score is good, then you can easily get a loan, otherwise not. There are lots of people who are uneducated and don’t know about CIBIL scores.

So, in this guide, we have shared the complete information about CIBIL scores and the ways to check free credit scores. I am also sharing the steps to increase CIBIL’s score to get a loan in the future easily.

What is the CIBIL Score?

It is a three-digit number that is required in banks to get a loan. Mostly, the CIBIL credit score lies between 300 to 700. If your CIBIL score is more than 750 then you can easily get a large loan from the bank. This score is created according to the financial reports of the last 6 months.

If your last financial report is good, then your CIBIL score will automatically be good. On the other hand, if your last financial reports are not good, then your free credit score will be low and you may face difficulties in getting a loan. When you get a loan, make sure to pay the installments on time. It will help you to create a good CIBIL credit score which will help you in the future.

What are the types of CIBIL Credit Reports?

There are two types of ClBIL Credit Reports.

Company Credit Report
Credit Information Report

Let’s know about these two reports.

CIBIL Company Credit Report

CIBIL Company Credit report is a credit payment history of a company. This report is compiled from the information provided by different credit companies. The main objective of the company credit report is to help loan-providing companies check the cibil credit scores of customers and make quick and easy decisions.

Credit Information Report

This report is created to let people know their credit score according to their previous credit behavior. With this, anyone can find out if they are eligible to apply for a loan or not.

How is the CIBIL score created?

The term CIBIL is referred to as Credit Information Bureau India Limited. This company provides information about credit and it maintains a record of credit-related information and free CIBIL scores for people and different organizations.

The banks submit the credit information of nonbanking companies and other organizations to the bureau. On the basis of this information, the file is created related to civil credit and allows customers free credit score checks.

This is a document that determines the credit and tells the possibility that you can pay the loan amount in the given time period. So, with this process cibil score gets created and you can easily cibil score check online.

How to check CIBIL Score free?

We have listed below the steps to check your credit score for free.

First of all, visit the official CIBIL website through the link: www.cibil.com
Now go to the home page.
You will see the Get Your Cibil Score option on the homepage.
Select this option and then you will be redirected to the subscription page.
After that, click on the free check option.
Now select the account creation option.
Enter your details like name, email ID, password, ID proof, date of birth, PAN Card number, PIN code, mobile number, etc.
After that select the verification option and then you will get an OTP on your mobile phone.
Enter the OTP in the required section.
After this process, your account will be created successfully and then the website will take you to the next step.
Now again you will be on the homepage and then click on Go to Dashboard.
After clicking on Go to the dashboard, you will be redirected to the new website where you can see your credit score.

So, by following all these steps you can check the free credit score.

How to increase CIBIL Score?

After checking your CIBIL score, if you find your CIBIL credit score is less than 700, then you may face difficulties in getting a loan. It is because to get a loan easily from a finance company or bank your credit score should be more than 700.

There is a very simple way to increase or improve a credit score. You can get any small amount of loan from any bank like a home loan, or car loan, and fill all the payments at the correct time.

By paying all amounts on time, your bank will start trusting you and some finance companies will also trust you. After that, your cibil credit score will be automatically improved and then you can apply for a big loan.

What are the methods to check free credit score by PAN number?

These are the steps to check Cibil’s score free by using a PAN Card.

First of all, visit the official website of CIBIL.
Now select the Get your CIBIL Score option.
Select any subscription plan according to your choice.
Now enter your mobile number, date of birth, and email address.
Choose PAN Card as ID type and enter your PAN Card number.
Now verify your identity and select write answers to the questions.
After that, click on the Make Payment tab and complete the process.
Now login to your account by entering OTP.
On the next page, you will get a form on your screen
Enter all your details carefully.
Now enter all required details and click on the submit button.
On the next display, you can see your CIBIL score on the dashboard.

What is the CIBIL Score Range?

We have created a list of CIBIL credit score ranges and their rating

CIBIL Score Range	Rating
300 to 500	Poor
550 to 650	Average
650 to 750	Good
750 to 900	Excellent

Conclusion

This was all about the CIBIL score and the ways to check the CIBIL Score for free. If CIBIL Score is a new thing for you, then you need to know that it is a very important thing before applying for a loan. When you visit any bank or finance company to get a loan, they will check your CIBIL credit score first. If this score is good, then you can easily get a big loan instantly otherwise not.

What is the CIBIL Score

We have listed below the steps for the CIBIL score check online. If your CIBIL credit score is not good, then you can easily increase your credit score by taking some low loan amount and paying it at the correct time.

I hope you enjoyed this post and got valuable information about the CIBIL Score. If you find this article helpful, then promote it by sharing it with your friends and family.