Seeing the CIBIL score is not enough; this report contains the horoscope of your money! How to download it for free

Usually, people check their CIBIL score with apps like Paytm, Cred, Google Pay, and get to know what their credit score is. But have you ever wondered how the credit report is downloaded if someone has to show this report or know its details?

According to the rules of the Reserve Bank of India (RBI), every citizen of the country is entitled to get a free credit report from every credit bureau once a year. There are four major credit bureaus in India, which issue credit reports. These credit bureaus are TransUnion CIBIL, CRIF High Mark, Equifax and Experian.

Usually people check their CIBIL score with apps like Paytm, Cred, Google Pay and get to know what their credit score is. But have you ever wondered how the credit report is downloaded if someone has to show this report or know its details? Let us know if you want to check your credit report, how to download the report from the website of all the bureaus.

1- CIBIL

First of all go to CIBIL's website cibil.com. Fill in the name, PAN number, date of birth, mobile number and email for registration. After this, confirm the identity with OTP and then download the report for free.

2- Equifax

First of all go to Equifax's website equifax.co.in and create your account there. On the Equifax website, you will also have to enter your PAN, address, mobile number and email. After this, confirm the identity and you will start seeing the report. If you want, you can also get the report offline, for which you will have to send the form, ID proof and address proof.

3- Experian

First of all go to Experian's website experian.in. Start by entering PAN, Aadhaar, mobile number and email ID there. After this, verify the mobile number with OTP and then see the report. From here you can download and save the report.

4- CRIF High Mark

First of all you have to go to CRIF High Mark's website crifhighmark.com. Go there and fill the registration form, which will include PAN, Aadhaar, address, email and mobile number. After this, verify with OTP and download the report.

Always download the credit report only from these official websites, so that your personal information remains safe. Seeing the credit report does not have any negative effect on your score, because it is considered a 'soft inquiry'. At the same time, by checking the credit report from time to time, you can quickly detect any mistake or fraud. With this you can also keep your financial health better. If you have any problem in any step, then help can also be taken through customer service or complaint section on these websites.

How is a credit score made?

Your CIBIL score is based on these things:

1- How timely you have paid your loan and EMI (Payment History - 35%)

2- How much credit you have used (Credit Utilisation - 30%)

3- What loans do you have (Credit Mix - 10%)

4- How many times have you applied for a loan or credit recently (New Credit Enquiry - 10%)

5- How old is your credit history (Credit History Length - 15%)

In how much time does CIBIL score improve?

Generally, a significant improvement will be seen in the CIBIL score in 6 to 12 months. It is not necessary that the score increases by 100 points immediately, it will increase slowly but will definitely increase.

Where to check CIBIL score?

Nowadays, CIBIL score can be checked for free on many apps and websites-

CIBIL's official website
Bank apps (HDFC, ICICI, Axis, SBI)
Paytm
Paisabazaar
BankBazaar

FAQs

Q1. Does the score increase with an increase in salary?

No, the score depends on your payment history, not on the salary.

Q2. How much time does it take to improve the score?

A good improvement is seen in 6 to 12 months.

Q3. Does checking the score repeatedly reduce the score?

No, checking it yourself does not make any difference.

Q4. With which app can the score be checked?

Paytm, Google pay, CRED, Paisabazaar, CIBIL website, bank's mobile app, credit bureau website.

Q5. Can the score improve without taking a loan?

Yes, using the credit card properly keeps the score good.