A CIBIL score and in general a credit score is a 3 digit number that distils the credit worthiness of the borrower. A higher CIBIL score means that the borrower is more likely to repay and lower score means that they are less likely to repay. However, it is important to note that score is the final output and a lot of factors go into creating that output and can be found in the CIBIL report. There is three credit score in India CIBIL score, Equifax score and Experian Score. Now you can check your CIBIL score FREE in less than 1 minute. Follow below mentioned steps to check your CIBIL score.
How To Check CIBIL Score FREE Within A Minute?
● Click On Check Now
● Enter Your Full Name
● Select Date Of Birth
● Enter 10 Digit Mobile Number
● Enter Your PAN Number
● Enter 6 Digit Area PIN Code
● Verify Your Number Using OTP
● Set 4 Digit PIN
● Get Your Credit Credit Score
How to check CIBIL score only with PAN details?
To do this just go to the form and fill out the following details. Name as per pan Card, date of birth, phone number, address and pan number. Yes, it is that simple to get your CIBIL score and CIBIL report in less than 1 min.
What is a CIBIL report?
CIBIL report is the report made by CIBIL that contains your credit history with all the different lenders. It is a report that provides the details of an individual’s borrowing history and repayment record that then shows the prospective lenders what the odds are that you will pay your money back. The CIBIL report includes the following information:
- CIBIL Credit score
- Demographic details of an applicant (name, age, gender and address)
- Employment and earning details
- Details of hard enquiries made by potential lenders when they receive your loan/credit card application
- Records of all previous and current loans along with your track record on payment
- Details on any unpaid defaulted loans and loans settled with the bank
- Total credit limit on your credit cards and the amount spent monthly
The CIBIL report hence provides the future lenders with Data points on the applicant’s creditworthiness on the basis of previous and current credit behaviour. That is why the lenders take the lending decision based on the CIBIL report.
How is the CIBIL report made?
CIBIL collects the records of your loans and credit cards. These records are made available to CIBIL by the banks and lenders on a regular monthly basis as that is mandated by RBI. Based on this data that CIBIL collects it runs its algorithms to provide a CIBIL score to each individual and a detailed CIBIL report based that predicts a borrowers creditworthiness and track record.