Checking your CIBIL score online is easy and can be done for free. CIBIL stands for Credit Information Bureau (India) Limited and a CIBIL score is simply a number that shows how credit worthy you are, based on your credit history.
This matters when doing things like applying for a home loan.
It uses the credit history date from your CIBIL Report or Credit Information Report (CIR), which includes repayment of various types of loans and credits over a period of time.
It is based on how timely and efficiently you have made previous payments. Your CIBIL score has a range of 300 to 900 with higher being better. Let’s explain how you can easily check this online.
A high CIBIL score allows you to easily get loan approvals. According to TransUnion CIBIL website, 79 percent of loans sanctioned are to consumers with a CIBIL score higher than 750.
You can check your CIBIL score through multiple agencies and while some may offer the score for free, most charge you some kind of subscription fee.
The ideal way to check your CIBIL score would be from the official website – cibil.com — where you can get a free CIBIL score report once a year.
Here is a step by step guide on how you can do it for free.
1. Head over to cibil.com. On the homepage, make sure you are under the Personal tab and click on Help Center. Now select Free CIBIL Score and Report…..Read More>>
Source:- techiyogiz
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