Free Credit Score Check: To avail a personal loan or obtain a credit card, it is important to maintain a clean credit profile and a good credit score or CIBIL score. Due to the recent regulations of the Reserve Bank of India (RBI), Indian credit card users can now check their credit score for free through the official websites of authorized credit bureaus. As per RBI guidelines, every individual is entitled to one free credit report annually.
Past credit history
A credit score is a 3-digit number that primarily reflects your creditworthiness, repayment integrity, and past credit history. In India, it usually ranges between 300 and 900. Moreover, a score of 750 or above is considered very good and increases the chances of loan approval. People with good CIBIL or credit score can get loans at low interest rates. Apart from this, you can also get a credit card at a low interest rate.
Download like this
1. Visit the website of an authorized credit bureau- First of all, you have to visit the official website of a recognized credit bureau. CIBIL, Equifax, CRIF High Mark and Experian are some of the major credit bureaus in the country.
2. Register on the website to create a new account- You have to sign up on the official website before checking your credit score. For this, you have to provide information like your name, address, mobile number, email address, PAN or Aadhaar card.
3. Submit additional details – To proceed for authentication, provide details like date of birth, address, employment details, previous job history and resignation details (if asked).
4. Check the details carefully and verify your identity- For final verification, you will need to upload documents and answer security questions. Once it is validated, you will get access to your individual credit report.
5. Click on download option- Once all the verifications are done and you can access your credit report, you can download its soft copy.