How to check CIBIL score for Personal Loan

How to check CIBIL score for Personal Loan

Learn how to check your CIBIL score for a personal loan, understand your credit report, identify errors, and review your credit profile before applying for a loan.
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In Summary


Your CIBIL Score is an important part of your credit profile and may be considered when you apply for a personal loan. Checking your score and credit report before applying can help you understand your credit history and identify any errors.


  • Review your CIBIL Score and complete credit report before applying.
  • Check your repayment history, outstanding balances and credit enquiries.
  • Raise disputes if you find incorrect information in your report.
  • Pay EMIs and credit card bills on time to maintain responsible credit behaviour.
  • Avoid frequent credit applications and manage your credit utilisation carefully.
  • Consider your income, existing obligations and repayment capacity along with your CIBIL Score.

Reviewing your credit profile regularly can help you make informed borrowing decisions and prepare for a personal loan application.

Your CIBIL Score is a three-digit number ranging from 300 to 900 that reflects your credit history and credit behaviour. Banks and NBFCs may consider it, along with other factors, when assessing your creditworthiness for a loan.


Before applying for a personal loan, checking your CIBIL Score can help you understand your credit profile. You can review your score and credit report through a reliable credit bureau or financial service. A strong credit profile can support your loan application, subject to the lender’s eligibility criteria.

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How can you check your CIBIL Score for a personal loan?

You can check your CIBIL Score online by following the process provided by the credit bureau or service you choose. The exact information required can vary between service providers.


The process generally involves these steps:


  1. Visit the credit bureau or financial service website: Choose a reliable platform that provides access to your credit score and report.
  2. Enter your details: Provide the information requested to identify and verify your profile.
  3. Complete verification: Follow the authentication process provided by the service.
  4. View your score and report: Once verification is complete, review your CIBIL Score and the information in your credit report.

You can also check your CIBIL score online before applying for a personal loan.

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Why should you check your CIBIL Score before applying for a personal loan?

Your CIBIL Score provides an overview of your credit history and can help you understand how lenders may view your credit profile. However, loan approval depends on several factors, including income, existing financial commitments and the lender’s eligibility criteria.


Checking your CIBIL Score before applying can help you:


  • Understand your credit profile: Review your score and credit history before submitting a loan application.
  • Identify errors: Check your credit report for incorrect personal or account information.
  • Plan your application: Understanding your credit profile can help you assess your financial position before applying.
  • Track changes: Regularly reviewing your credit report can help you monitor changes in your credit history.

You can also review the eligibility criteria for a personal loan before submitting your application.

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What mistakes should you avoid when checking your CIBIL Score?

Checking your CIBIL score is only one part of reviewing your credit profile. You should also examine the information in your credit report and ensure that it is accurate.


Avoid these common mistakes:

  • Entering incorrect information: Check the details you provide during the verification process to avoid errors.
  • Checking only the score: Review your credit report as well to understand the accounts, repayment history and enquiries recorded against your profile.
  • Ignoring incorrect entries: Raise a dispute with the relevant credit bureau or financial institution if you find inaccurate information.
  • Confusing score checks with loan applications: Checking your own credit score does not have the same impact as a lender making a hard enquiry when assessing a credit application.
  • Overlooking outstanding dues: Review your existing credit accounts and make sure there are no unpaid or overdue amounts that require attention.

Regularly reviewing your credit report can help you identify issues and take appropriate action before applying for credit.


Read More: Importance of CIBIL Score for a Personal Loan

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How can you improve your CIBIL Score?

Improving your CIBIL score requires consistent credit management over time. Your repayment history, credit utilisation, credit mix and recent credit applications can influence your credit profile.


You can work towards improving your credit profile by:

  • Paying EMIs and credit card bills on time: Timely repayments help maintain a positive repayment history.
  • Managing your credit utilisation: Avoid relying heavily on your available credit limit and maintain credit usage that you can manage comfortably.
  • Limiting frequent credit applications: Multiple credit applications within a short period can result in multiple hard enquiries and affect your credit profile.
  • Reviewing your credit report: Check your report periodically and raise disputes for inaccurate information.
  • Maintaining existing credit responsibly: Keep track of your active credit accounts and ensure that repayments are made on time.

Improving your credit profile takes time. Focus on consistent repayment behaviour and responsible use of credit rather than trying to make short-term changes before applying for a loan.

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How does your CIBIL Score affect a personal loan application?

Your CIBIL Score ranges from 300 to 900 and reflects your credit history and repayment behaviour. Lenders may consider it when assessing your personal loan application, along with your income, existing financial commitments and other eligibility criteria.

CIBIL Score rangeWhat it may indicate
300–549Low credit score; you may find it more difficult to meet some lenders’ eligibility criteria.
550–649Fair credit score; lenders may assess your application more closely.
650–749Good credit score; may support your credit profile when combined with other eligible criteria.
750–900Strong credit score; generally indicates a well-maintained credit history.

These ranges are indicative, and lenders may use different score thresholds when assessing applications. A CIBIL Score does not determine loan approval on its own. Before applying, check your credit report and review the lender’s applicable eligibility criteria, income requirements and repayment capacity.

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What should you check in your CIBIL report?

Your CIBIL report contains information that can help you understand your credit history. When reviewing it, pay attention to:


What to checkWhy it matters
Personal detailsHelps ensure your information is reported correctly
Loan and credit card accountsShows the credit accounts linked to your profile
Repayment historyHelps you identify reported delays or missed payments
Outstanding balancesShows amounts reported as due on your credit accounts
Credit enquiriesHelps you track recent applications for credit
Account statusHelps identify whether accounts are reported accurately

If you find an error, contact the relevant credit bureau or financial institution and follow its dispute process.


Checking your CIBIL score before applying for a personal loan can help you understand your credit profile and identify information that may need correction. Reviewing your complete credit report also gives you a clearer view of your repayment history and existing credit accounts.


Before applying, consider your income, existing financial commitments and repayment capacity along with your CIBIL score. You can then compare your financial position with the applicable personal loan eligibility criteria and make an informed borrowing decision.

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Key offerings: 3 loan types

  • Flexi Hybrid Loan
  • Flexi Dropline Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30.5% p.a.

Processing fees

Up to 4.13% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Frequently asked questions

Frequently asked questions

What is a good CIBIL score for a personal loan?

A CIBIL score of 650 or above is generally considered good for a personal loan. It improves your chances of loan approval with better interest rates and repayment terms.

A CIBIL score of 700 is considered decent for a personal loan. While you may qualify for a loan, having a score above 750 can help you secure better terms and lower interest rates. Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within 24 hours*.

To improve your CIBIL score, pay your EMIs on time, reduce credit card usage, avoid multiple loan applications, and monitor your credit report regularly. Maintaining a good credit mix also helps in boosting your score.

Yes, you can still get a loan, but lenders may offer a lower amount or charge higher interest rates. Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within 24 hours*. To explore loan options for this score, check out personal loan for CIBIL score of 550 to 600.

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Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
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