Since CIBIL score is a reliable indicator of an individual’s financial behaviour, most NBFCs check the score before sanctioning any loan or credit card. Therefore, it is vital for individuals to learn about the nitty-gritty of CIBIL score calculation and the ways to check it for free. Steps to check CIBIL score for free Following is a step-by-step guide to assessing the CIBIL score for free. Note that financial institutions require applicants to meet the specified CIBIL score requirement for unsecured financing. For instance, the Bajaj Finserv CIBIL score requirement is 750 and above when availing a personal loan.
Moreover, selected financial institutions offer online CIBIL score calculator that allows individuals to check their CIBIL score as per their present financial and credit profile. Importance of CIBIL score CIBIL score is a three-digit number that ranges between 300 and 900. Higher the score, better the eligibility for availing a personal loan and such other credit options. However, individuals can also avail a personal loan with bad CIBIL score, following the below-mentioned tips.
Hence, irrespective of the purpose, one needs to know about CIBIL score calculation for free and check the same periodically to stay updated. Must Read: Remember These Points To Check CIBIL Score For Free
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |