What is a CIBIL Score and How to Check It?
Learn what a CIBIL score is, how it impacts your loan eligibility, and how you can check your score online. Get insights into features, importance, and answers to common FAQs.
Apply Now
.png)
What is a CIBIL Score and How to Check It?
A CIBIL score is a three-digit number ranging from 300 to 900 that reflects an individual's creditworthiness. It is calculated by TransUnion CIBIL, one of the major credit bureaus in India.
A high CIBIL score indicates responsible credit behavior, making it easier to get loans and credit cards approved. Most lenders consider a score above 750 as good.
Why is the CIBIL Score Important?
Lenders such as banks, NBFCs, and fintech platforms refer to your CIBIL score before approving:
Personal loans
Home loans
Credit cards
Auto loans
Business loans
The score helps lenders assess:
Your repayment discipline
Your credit risk level
The amount you are eligible to borrow
The interest rate you may be offered
CIBIL Score Range and What It Means
| CIBIL Score Range | Meaning |
|---|---|
| 750 - 900 | Excellent credit score |
| 700 - 749 | Good credit score |
| 650 - 699 | Fair, may need improvement |
| 550 - 649 | Poor, may face rejections |
| 300 - 549 | Very poor, high risk |
| NA or NH | No credit history available |
How is the CIBIL Score Calculated?
CIBIL uses multiple factors from your credit history to calculate your score:
| Parameter | Weightage (%) |
|---|---|
| Repayment History | 35% |
| Credit Utilization Ratio | 30% |
| Length of Credit History | 15% |
| Types of Credit (Mix) | 10% |
| Number of Recent Inquiries | 10% |
How Can You Check Your CIBIL Score?
You can check your CIBIL score online in just a few steps:
Steps to Check on CIBIL’s Official Website:
Visit https://www.cibil.com/
Click on ‘Get Your Free CIBIL Score’
Create an account using your name, PAN card, date of birth, and contact details
Verify via OTP or email
View your score and download the credit report
Other Ways to Check Your CIBIL Score:
Through third-party platforms like BankBazaar, Paisabazaar, or CreditMantri
Via net banking on selected banks
Through Myfinflow (coming soon – integrated CIBIL score tracking for customers)
Key Features of a CIBIL Report
CIBIL Score Summary: Your numeric credit score and score range
Account Information: Detailed history of all credit cards and loans
Enquiries Section: List of recent loan/credit card applications
Personal Details: Name, DOB, address, PAN, and contact info
Employment Information: Employer name and monthly income reported by lenders
Benefits of Maintaining a High CIBIL Score
Easier loan and credit card approvals
Lower interest rates and processing fees
Higher loan amounts sanctioned
Quicker approval turnaround
Better pre-approved loan offers
Frequently Asked Questions (FAQs)
1. What is a good CIBIL score for a personal loan?
A CIBIL score of 750 or above is generally considered good for most types of loans.
2. How often should I check my CIBIL score?
You can check your score once a month. CIBIL allows one free report per year, and many platforms offer free monthly updates.
3. Does checking my CIBIL score lower it?
No. A self-check is known as a soft inquiry and does not impact your score.
4. How can I improve a low CIBIL score?
Pay your EMIs on time, reduce credit card usage, avoid multiple loan applications, and maintain a healthy credit mix.
5. Can I get a loan with a low CIBIL score?
It is possible, but you may face higher interest rates or need a guarantor or collateral.
.png)
.png)
.png)