TransUnion CIBIL Limited is India’s first credit information company and is known to collect and maintain credit reports. All information about your loans, credit cards and other credit activities is regularly obtained and monitored by CIBIL through its affiliated partners in financial institutions.
CIBIL’s key role is to provide a database to all lenders that helps decide the credit worthiness of a credit applicant or borrower. So, checking your CIBIL score can help you determine your eligibility for credit beforehand and reduce chances of your application being rejected.
Moreover, having a high credit score of 700 and above ensures that you will not only get your loan application processed fast, but also get a loan amount on your terms and pay a nominal interest rate.
How to check your CIBIL score
You can check your credit score and report online as well as offline.
Online method:
- To check your CIBIL score online, log on to https://www.cibil.com/
- Click on ‘Get your CIBIL score’ on the top right-hand corner of the page
- Choose your membership package of 1 month, 6 months, or 1 year and pay the corresponding fee
- Register as a member by filling all details.
- Once your account is created, you will be able to check your CIBILscore and report.
Offline method:
- Download the form from the CIBIL website or click here
- Fill out your details accurately
- Attach a demand draft in favour of TransUnion CIBIL.
The amount of the demand draft is as follows:
1. Rs.550 for CIBIL score and CIBIL report
OR
2. Rs.164 for CIBIL report only
- Mail the form with the demand draft to the following address:
TransUnion CIBIL Limited (Formerly: Credit Information
Bureau (India) Limited)
One Indiabulls Centre,
Tower 2A, 19thFloor, Senapati Bapat Marg,
Elphinstone Road,
Mumbai - 400013.
Your detailed CIBIL report or CIBIL report and CIBIL score will be mailed to your address.
Check your CIBIL score for free
There are several ways that you can access your credit score for free:
Check your credit score with CIBIL
CIBIL allows you to check your credit score for free once in a year. To do the same, you can log on to https://www.cibil.com/freecibilscore, click on ‘Get yours now’. Fill out all details and register yourself by creating an account. You will then be able to check your free CIBIL score and free credit report once your identity has been verified.
Check your credit score for free with Bajaj Finserv
Bajaj Finserv, one of India’s leading NBFCs, also allows you to perform a free CIBIL check. Simply visit the Bajaj Finserv website and enter your basic details to access your credit report.
Easy tips to boost your CIBIL score
If you find that your CIBIL score is less than ideal, you can take measures to improve it. Here are some easy ways to increase your CIBIL score.
- Pay your EMIs on time to ensure you seem financially responsible
- Don’t max out your credit cards as you may seem credit dependant
- Balance out your credit mixwith secured and unsecured loans
Check your CIBIL report once you finish repaying a loan to ensure that any closed loan accounts are not listed as still unpaid
Now that you are better informed about your CIBIL score and report, focus on maintaining your financial health. This will help you borrow funds when you need them most and fulfil your personal and professional goals with ease.
Apart from offering loans with easier eligibility criteria and Bajaj Finserv also brings you pre-approved offers on both secured and unsecured loans. Save time and have a hassle-free financing experience with Bajaj Finserv. Check out your pre-approved offer today.
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