Cibil Score Tips: What is Cibil Score, why is it important and how do you check it?

The importance of a CIBIL score or credit score becomes clear when you apply for a loan. A good CIBIL score offers several benefits, such as getting a loan at a lower interest rate or a higher amount for a longer period. First, let's understand what a CIBIL score is.

What is a CIBIL score?

Banks use a CIBIL score to assess a borrower's ability to repay their loan. Banks believe that a better CIBIL score will make it easier for borrowers to repay their loans in the future. Therefore, such individuals can easily repay loans at lower interest rates, higher amounts, and over time.

How to check your CIBIL score from the website?

Step 1 - First, visit CIBIL's official website, www.cibil.com.

Step 2 - Now, enter the requested information and log in.

Step 3 - New users will need to sign up first.

Step 4 - Now, enter your personal information, such as name, date of birth, PAN card, and mobile number.

Step 5 - After entering your mobile number, you will receive an OTP. Enter it.

Step 6 - You will then be asked whether you want the free option or the paid subscription.

Step 7 - Click on the free option. Your CIBIL score will then appear on your screen.

Can you check it using a UPI app?
UPI apps like Paytm and Google Pay also offer the option to check your CIBIL score. You can easily check your credit score through these apps. To check your CIBIL score on Paytm, you must enter your PAN number and the OTP received on your registered mobile number.

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On Google Pay, you may need to enter your information initially. However, you can check your CIBIL score or credit score with just one click.

It is recommended that you check your CIBIL score before applying for a loan or credit card.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.