How to Check Your CIBIL Score: Taking out a loan or credit card has become commonplace these days. However, before granting any loan, banks or finance companies always check one thing – your CIBIL score. Many people, however, are unaware of what a CIBIL score is and how to check it for free. If you are one of them, this article can be helpful. Here, we are telling you an easy way to check your CIBIL score. You can view your CIBIL score online in just a few minutes, completely free of charge. Let's find out how.

What is a CIBIL score?
A CIBIL score is a three-digit number ranging from 300 to 900. It reflects your credit behavior. That is, it is based on whether you paid your previous loans or credit card bills on time, whether you missed any EMIs, how much you used your credit card, etc.  A score of 750 or above is generally considered good. The better your score, the easier it is to get a loan.

How to check your CIBIL score for free?
You can check your CIBIL score completely free of charge once a year by visiting the official TransUnion CIBIL website. For this, you only need to provide some basic information, such as your PAN card number, date of birth, and email ID. After OTP verification, your credit score and complete credit report will be displayed on the screen. In addition, many banks and financial apps also offer the facility to check your CIBIL score for free, where you can check it repeatedly.

Why is a CIBIL score important?
Whenever you apply for a home loan, personal loan, car loan, or credit card, the bank first checks your CIBIL score. A good score leads to faster loan approval, lower interest rates, and potentially a higher credit card limit. On the other hand, a poor score can lead to loan rejection.

What factors affect your CIBIL score?
The biggest impact is from your payment history. Late payments on EMIs or credit card bills can lower your score. In addition, excessive use of credit limits, frequently applying for loans, and closing old credit cards can also negatively impact your credit score.

How to maintain a good credit score?
Always make payments on time, keep your credit card usage below 30% of your limit, and avoid applying for multiple loans simultaneously. Also, avoid checking your CIBIL score too frequently, as this can also lower your score.

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