I have never checked my CIBIL in my entire life maybe because there was no need. Now that I have applied for a credit card, lenders asked me about it. I knew that I have never applied for any kind of credit facility so I also wanted to know if there is any difference in the score of a non-credit user and the one who has been using credit cards and have taken any kind of loan.
I researched properly and got to know that checking CIBIL score is an easy task and available for free. There are a few reliable websites that have the facility without charging anything against it. You can simply visit the official website of CIBIL and follow the procedure. The score can be tracked with PAN itself and the report is sent to the email ID you mention. Read below everything that you have to do in order to get the score just like I did.
How did I check my CIBIL score?
You can follow the below steps in order to check your score online:
- Go to check CIBIL score check website
- Provide your full name as mentioned on the PAN card
- Enter your Date of Birth
- Choose the gender you belong to
- Mention your PAN card number
- Enter your contact address
- Provide the email ID fn which you want to get the credit report
- Enter your mobile number
- Submit the form
On the successful submission of the CIBIL score form, you will get a confirmation on your email ID. You will get the detailed credit report on the email ID you have provided.
How did I get my CIBIL report?
The credit report is sent to the email ID you mention while filling up the above form. You can review the report properly and in case you find anything confusing information, you can report it to the credit bureau company.
What does a CIBIL score mean?
The credit score of an individual shows his/her payment pattern in the past and the present. Based on which the lending institution considers the application suitable for the applied product. It is based on the factors mentioned below:
- The repayment history (35%)
- The amount you owe to lenders (30%)
- Number of years of servicing debt (15%)
- Number and amount of recent loans taken or applied for (10%)
- The Credit Mix (10%)
What does my CIBIL score represent?
As mentioned above, this number represents your payment habits and is in the range of 300-900. The range decides your eligibility for the credit facility. Even though the minimum score is 300, you can not get any credit card or loan with this score. The average score considered is 750 or above. When I calculated, my CIBIL came out to be 810 and luckily I was able to get the credit card I was looking for. The point, however, is that I need to maintain the same score which will happen only when I pay the bills on time and be very sure of my expenses. You can also do the same and continue to enjoy amazing credit cards or maybe a low-interest rate loan.