A Complete Guide on Credit Score in India

A detail about CIBIL report and CIBIL score

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A detail about CIBIL report and CIBIL score

Praveen Sharma
Tuesday, January 22, 2019

A credit report along with the CIBIL score is used by lenders and banks to know their creditworthiness. Generally, the credit report contains the following elements:

CIBIL score:

Your credit report consists of a 3-digit number, ranging between 300 and 900. This number, also called credit score India, plays an important role in obtaining approvals of loans and credit cards. This 3-digit score determines your default history in the payment of your loan, based on your credit history. A score close to 900 is considered good, which increases the chances of approval in their applications for loans and credit cards.

Personal information:

Your CIBIL report also includes personal information, such as your name, date of birth, gender, contact information, and PAN, passport and driver's license numbers. Account Details: This section contains information on the types of loans and credit cards you have to date. Along with the details of the lenders, it also contains your account number, type of loan, current loan balance, amount due, the interest rate of each loan, etc.

Employment details:

This section shows your monthly or annual income as reported by member banks of the credit agency and other financial institutions.

Contact information: This section includes your contact information, such as your address and mobile phone numbers.

Details of the query:

The last section of the credit report shows the name of the lenders who have asked for you. Therefore, if you observe too many inquiries in a short period of time, it can negatively affect your credit score. Do you want to know how can I improve my cibil score then take help of the expert?

About CIBIL score

The CIBIL score or credit score is a numerical representation of the payment history. When you request a line of credit (loans or credit cards), the lender verifies your CIBIL score and your credit history. Based on the score and credit history, your request is processed further. As the first official partner of CIBIL, there are many sites which give you the opportunity to check your credit score / CIBIL for free with the PAN card. Now you can learn how the CIBIL score is generated and how you can verify it online. Also, you come to know how to clear cibil score on these sites tutorial.

How to check the CIBIL score online for free?

To obtain the free online CIBIL score, the client can log on to the official website of the credit agency and request the report. In addition, to obtain the report, the client must provide the required documents. Only after verification of the documents, the client will receive the CIR by email. The report will be sent within a day.

However, there is a quick and easy alternative where you can check the CIBIL score only with the PAN card and no other documentation is required. Also, you do not have to pay any fees and get a free health credit check. It is not necessary that only the Bank or the financial institution can verify the CIBIL score. An individual can also verify the CIBIL score and obtain the CIBIL / Credit report online. Simply follow the simple steps mentioned below:

How to verify the CIBIL score with the PAN card?

The score can be verified in 2 minutes by following the simple steps mentioned below.

1. Go to the CIBIL scoring page

2. Enter your name according to the PAN card

3. Mentions correct Date of birth

4. Select Gender

5. Provide PAN card number

6. Enter the contact information, such as the email address, the residence address and the mobile phone number

7. Accept the terms and conditions.

8. Click on the send button

9. You will get the report and base on this report you come to know how to improve cibil score.

Check Your Free Credit Score Now

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