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+91It is free to check your CIBIL score or CIBIL report at Paisabazaar. However, India’s four leading credit bureaus or Credit Information Companies (CICs), named TransUnion CIBIL, Experian, CRIF High Mark, and Equifax, charge a fee, as per their subscription plans, to provide credit reports to individuals, enterprises, companies, and organisations.
Paisabazaar has partnered with the leading credit bureaus that enable you to check your credit report without impacting your credit score. You can also check your credit report in English, as well as other regional languages, for better insight and analysis.
Steps to Check CIBIL Score for Free
Follow the simple steps mentioned below to check your CIBIL score for free:
Step 1: Click here to get the free credit score
Step 2: Enter your basic details, such as gender, full name, email address and mobile number to verify using OTP authentication by clicking on the ‘Get Free Credit Score’ button.
Step 3: Once you click on the ‘Get Free Credit Score’ button, you will get credit scores from multiple credit bureaus
Step 4: To download the Credit Health Report, click on ‘Download Credit Health Report’ and make the payment.
Step 5: Your Date of Birth (DDMMYYYY format) is the password of your CIBIL report by Paisabazaar
Benefits of Checking Your CIBIL Score Online
- Multiple Bureaus – You can check your credit report from multiple credit bureaus under a single platform and check reports, as Paisabazaar has partnered with multiple credit bureaus – TransUnion CIBIL, Equifax, and Experian
- Monthly Updates – Here, when you check your credit score, you receive notifications regarding monthly updates via WhatsApp every month, free of cost
- Credit Advisory Service – If your credit score is low, you can avail Credit+ Advisory Service, where credit experts will assist you with appropriate measures to improve your score significantly
- Pre-approved Offers – Paisabazaar provides personalised pre-approved loans and best credit card offers based on your creditworthiness, through which loans are disbursed immediately with minimal to no documentation
- Multiple Languages Support – You receive credit reports in different languages, such as Hindi, Kannada, Tamil, Telugu, and Marathi, to help customers understand their credit reports in their preferred language.
Importance of a High CIBIL Score
Most of the lenders and credit card providers consider a CIBIL score of 750 and above as a good credit score. A score closer to 900 can help you in the following ways:
- Competitive interest rates and reduced processing charges on loans
- Faster loan and credit card approvals
- Pre-approved offers on loans and credit cards
- Increased negotiating options – longer repayment tenure & higher credit limit
- Easy credit availability with lesser or no documentation
Suggested Article: 6 Benefits of a High CIBIL Score
How to Check CIBIL Score for Free FAQs
Q. What is CIBIL score?
Ans. CIBIL score is a 3-digit number that ranges from 300-900 and depicts your repayment history and creditworthiness.
TransUnion CIBIL provides credit scores to borrowers based on their past credit behaviour and repayment history. It represents their creditworthiness and the risk associated with approving their loan applications.
Q. What is the minimum CIBIL score to get any credit product?
Ans. There are no minimum CIBIL score criteria as defined or followed by the lending banks or NBFCs in offering funds. However, you should maintain a score of 750 or above to be eligible for some of the best loans and credit card offers. The higher score depicts your creditworthiness and credit-responsible behaviour.
Q. How does CIBIL get the information on your credit/loan history?
Ans. TransUnion CIBIL or other 3 credit bureaus named Experian, CRIF High Mark, and Equifax get your credit information from the lending institutions, such as banks and NBFCs, that provide this information to the credit bureaus every month for them to generate and issue your CIBIL score.
Q. I checked my CIBIL score thrice in a month. Will it affect my CIBIL score?
Ans. No, even if you check your CIBIL score multiple times a day or a month, it shall not lower your CIBIL score. Checking your credit score is considered a soft inquiry by the credit bureau, so it does not affect your CIBIL score.
Q. For how long does CIBIL keep the record of the defaulters?
Ans. There is no defaulters’ list generated or maintained by any credit bureau. However, the credit bureau keeps a record of your month-wise payment history as well as your credit account details for 7 years.
Q. How to check the CIBIL score on mobile?
Ans. You can download the Paisabazaar app on your mobile and check your free CIBIL score by entering your registered mobile number for OTP verification, and further by mentioning your PAN card and other details. Checking your CIBIL score or CIBIL report at Paisabazaar is free of cost.
Q. Who can avail CIBIL score check facility?
Ans. Any person who has availed credit in the past or is currently utilising credit can avail the facility of a free credit score check service through Paisabazaar.
Q. How to check the CIBIL score for free?
Ans. You can check your credit score for free by mentioning a few basic details, such as your name, date of birth, PAN card, mobile number, PIN code, and email address for a free CIBIL score check.
You can check your credit report from multiple credit bureaus with monthly updates.
Q. Can I avail the facility of credit score check for other credit bureaus?
Ans. Yes, you can go for a free credit score check service for other credit bureaus such as Experian, Equifax, etc.
Q. What is the impact on credit score, if it is checked regularly?
Ans. Checking your credit score does not have any impact on your score in any way. It is recommended to check credit score regularly to stay updated and rectify errors in your credit report, if any.
Q. Why do I need to provide my mobile number to check my credit score?
Ans. You need to provide your mobile number for OTP authentication to securely access your account. This is to make sure that only you get to check your credit score and other details.
Q. How to calculate my CIBIL score?
Ans. You shall not be able to calculate your CIBIL score, as it is calculated by the Credit Information Company by using a unique statistical algorithm. Each credit bureau has its own algorithm to calculate and generate credit scores.
Q. When I checked my credit score, it showed a three-digit number i.e. 789 on the screen. What does this mean?
Ans. Any score that is close to 900 or above 750 is always a good credit score. Therefore, if you have a credit score of 789, it will further help you to avail loans and credit cards with increased chances of approval.
Q. How to check my CIBIL score for free without OTP?
Ans. To authenticate your account, you shall need to provide your mobile for OTP verification, as it helps in assessing your account securely. So, without an OTP verification, checking your CIBIL score is not possible.
Q. Is the CIBIL score checked by us and banks different?
Ans. CIBIL score is provided by TransUnion CIBIL to both lenders and borrowers. It is the same throughout for any banking and financial institution. One can check a credit score either from CIBIL’s portal or through Paisabazaar.
Q. I checked my CIBIL score thrice in one month. Will it affect my CIBIL score?
Ans. When you check your CIBIL score, it is considered a soft enquiry. Thus, these enquiries have no impact on your score. However, if these enquiries are carried out from a lender’s end, it is called a hard enquiry. Multiple hard inquiries can significantly impact your credit score.
Q. For how long does CIBIL keep the record of the defaulters?
Ans. Your details in CIBIL can be reflected in your credit report for as long as seven years. Your report may also contain details of all credit accounts handled by you in the past.
Q. Will I be able to check CIBIL score free of cost?
Ans. Yes, you can check CIBIL score free of cost online through Paisabazaar.
Q. Is there a separate platform for CIBIL score checking on Paisabazaar?
Ans. CIBIL score checking can be done through the Paisabazaar website or the Paisabazaar mobile app.
Q. How to check credit score if I don’t have any loan or credit card?
Ans. If you have never availed the credit card or loan facility, you will not have any score as you are new to credit.
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