SMEs/MSMEs, business women, traders, manufacturers or service enterprises can check their CIBIL score before applying for a Business Loan.
To check your CIBIL score online, you can visit www.cibil.com and receive your credit report. As per RBI guidelines, every individual is entitled to receive a free credit rating check once a year. After you submit the request, you would be needed to provide the requisite identification and address proof documents and make a payment to CIBIL for the credit report, if you have already availed a free check in the year.
To know your score offline, you can visit the bureau or apply for a credit report through post. While applying via post, you may have to furnish your documents. Once these are verified and authenticated, your credit report is sent to you by mail.
With a good CIBIL score and easy-to-meet eligibility criteria, qualifying for a customised Business Loan becomes very simply. You increase your chances of getting a better interest rate, higher loan amount, longer tenor and quicker approval. Bajaj Finserv offers all these benefits with easy, quick and hassle-free Business Loans