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Check credit score worth ₹1500 for free
A credit score measures your creditworthiness. It might range between 300 and 900 points. A CIBIL/Experian score of above 700 points qualifies you for pre-approved loans and credit cards. You may instantly access your credit report online and view your credit score and rating.
Here find the best
personal loan offers
for you!
You are only a few steps away from receiving the greatest Personal loan offer in your area. As soon as you provide your contact information (name, email, and phone number), a MyMoneyMantra representative will call you with the greatest cash loan offer available.
Check Experian Score 24x7
Check your Experian credit score 24 hours a day, seven days a week. Protect yourself from identity theft, bank reporting problems, and a low credit rating.
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Loans & credit cards
Check your credit score instantly online and gain access to a selection of preapproved loans and credit card offers based on your profile.
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Learn More About Credit score
A credit score is a numerical indicator of a person’s credit health. A credit bureau monitors an individual’s credit history and credit behaviour and generates a credit report with their credit score and rating. A credit score is widely acknowledged as a measure of an individual or business’s creditworthiness. Generally, credit scores range from 300 to 900. A higher credit score indicates better credit eligibility.
To make informed financial decisions, you must first understand your credit score. Here’s a thorough overview of how you can check your score without paying any fees:
- Visit the official website of a credit bureau. India has several credit bureaus, each of which provides a different credit score.
- Register for a free account: New users will normally need to set up an account. This ensures that your data is safe and secure.
- Enter your personal information: Details such as your name, date of birth, and PAN number may be requested.
- Complete Identity Verification: This procedure ensures security. You may have to answer questions concerning previous loans or credit cards.
- Access your credit score. After verification, you will be able to view your score. Some bureaus also provide full reports.
- Borrowers in the 300-579 range are frequently viewed as dangerous. They may encounter increased interest rates or even denials.
- 580-669: Fair – These borrowers may receive credit, but not at the greatest rates.
- 670-739: Good – A good score typically results in lower interest rates and loan terms.
- 740-799: Very Good – Borrowers should expect above-average rates and durations.
- 800-850: Excellent—this is the top standard. Borrowers in this range receive the most favourable rates and terms.
| CIBIL Score Range | Category | Meaning |
| 300-579 | Poor | Borrowers in this range are often considered risky. They may face higher interest rates or even rejections. |
| 580-669 | Fair | These borrowers might get credit, but not at the best rates. |
| 670-739 | Good | A good score generally leads to favorable interest rates and loan terms. |
| 740-799 | Very Good | Borrowers can expect better-than-average rates and terms. |
| 800-850 | Excellent | This is the gold standard. Borrowers in this range get the best rates and terms. |
- 300-549: Very Poor – Such scores may result in outright rejection or demand collateral.
- 550-649: Poor – High interest rates and restrictive conditions are prevalent.
- 650-699: Fair – An intermediate range in which borrowers may receive average terms.
- 700-749: Good – The odds of loan acceptance are good, with relatively low interest rates.
- 750-900: Excellent – Borrowers receive the finest terms and lowest interest rates.
- NA/NH: New Credit User with No Credit History.
| CIBIL Score Range | Category | Meaning |
| 300-549 | Very Poor | Such scores might lead to outright rejection or require collateral |
| 550-649 | Poor | Higher interest rates and strict terms are common. |
| 650-699 | Fair | An intermediate range where borrowers may get average terms. |
| 700-749 | Good | The chances of loan approval are high, with relatively better interest rates. |
| 750-900 | Excellent | Borrowers enjoy the best terms and the lowest interest rates. |
| NA/NH | New to Credit User, No Credit History |
- 300-549: Very Poor – Financial institutions may be hesitant to lend.
- 550-624: Poor – Might get loans but with added terms or higher interest.
- 625-699: Fair – Standard loans and terms can be expected.
- 700-799: Good – Good financial behavior is reflected in favorable loan offers.
- 800-850: Superior – Premium terms and rates are often reserved for such scores.
| Credit Score Range | Category | Meaning |
| 300-549 | Very Poor | Financial institutions may be hesitant to lend. |
| 550-624 | Poor | Might get loans but with added terms or higher interest. |
| 625-699 | Fair | Standard loans and terms can be expected. |
| 700-799 | Good | Good financial behavior is reflected in favorable loan offers. |
| 800-850 | Superior | Premium terms and rates are often reserved for such scores. |
- 300-549: Low – Credit opportunities might be limited.
- 550-639: Below Average – Possibility of securing loans but with added caveats.
- 640-719: Good – Regular terms and decent interest rates can be expected.
- 720-799: Very Good – Reflects consistent good financial behavior.
- 800-900: Excellent – Best possible credit terms, reflecting impeccable financial discipline.
| Credit Score Range | Category | Meaning |
| 300-549 | Low | Credit opportunities might be limited. |
| 550-639 | Below Average | Possibility of securing loans but with added caveats. |
| 640-719 | Good | Regular terms and decent interest rates can be expected. |
| 720-799 | Very Good | Reflects consistent good financial behavior. |
| 800-900 | Excellent | Best possible credit terms, reflecting impeccable financial discipline. |
- 280-559: Poor – It might be challenging to get loans without significant interest rates.
- 560-659: Fair – While loans can be secured, the rates might not be the most favorable.
- 660-724: Good – Shows responsible financial behavior.
- 725-759: Very Good – Approvals become quicker, terms more favorable.
- 760-850: Excellent – Reflects a history of outstanding financial responsibility.
| Credit Score Range | Category | Meaning |
| 280-559 | Poor | It might be challenging to get loans without significant interest rates. |
| 560-659 | Fair | While loans can be secured, the rates might not be the most favorable. |
| 660-724 | Good | Shows responsible financial behavior. |
| 725-759 | Very Good | Approvals become quicker, terms more favorable. |
| 760-850 | Excellent | Reflects a history of outstanding financial responsibility. |
A credit score, often known as a financial report card, affects many aspects of one’s life. Lenders use it to determine the risk associated with a new borrower. Good credit ratings can result in rapid loan approvals, enticing credit card offers, and even lower insurance rates. Poor scores, on the other side, may result in rejection, higher interest rates, and less favourable terms.
Several elements can reduce your score:
- Late or missed payments: A history of failing to meet payment deadlines lowers scores.
- High credit utilisation: Maxing out credit cards or carrying large loan balances relative to the limit might be risky.
- Frequent Credit Applications: Frequently seeking for new credit can signal financial difficulties.
- Defaulting on Loans: Nonpayment might result in major credit score decreases.
- Short Credit History: A small credit history provides fewer data for assessment, which frequently results in a lower score.
Improving a credit score does not happen quickly, but the following steps can lead to a healthier financial profile:
- Make payments on time by setting reminders or automating them.
- Manage Credit Utilisation: Keep your balance below 30% of your limit.
- Avoid New Debt: Think twice before taking out a new loan or credit card.
- Regularly Monitor and Correct Errors: Make sure your credit report is clear of errors. CIBIL disputes any differences.
A high score reflects a combination of:
- Consistent Bill Payments: A history of timely payments.
- Optimal Credit Utilization: Using a small portion of the available credit.
- Diverse Credit Portfolio: A mix of credit cards, retail accounts, installment loans, etc.
- Old Credit Accounts: A long credit history is favorable.
A strong score is useful for:
- Lower interest rates: You might save money on loans and credit cards.
- Higher Credit Limits: Financial organisations are more likely to extend you credit.
- Negotiating Power: Use a high score to get better loan rates.
- Approval for Rental Homes and Apartments: Landlords may check credit scores to verify prospective renters.
- Individuals with strong credit scores may be eligible for lower car insurance costs from some insurers.
Understanding your credit status entails more than simply knowing your score; it also entails comprehending the complexities of your credit report.
Here’s how to get it:
- Visit the desired credit bureau’s website. Each bureau’s report may be slightly different, so check numerous sources over time.
- Fill out the Request Form: Provide all relevant information to receive the right report.
- Verify your identity. Bureaus may request additional information or documents to ensure security.
- Access and download your report. Once validated, the report can usually be downloaded as a PDF or seen online.
- Credit score: A comprehensive numerical representation ranging from 300 to 850 that reflects your creditworthiness based on your credit history.
- CIBIL Score: A credit score obtained directly from the CIBIL bureau.
- Credit Report: A detailed record that includes your credit history, open and closed accounts, balances, payment history, and more.
- CIBIL Report: A credit report prepared by CIBIL. While the presentation is unique, the information is consistent with other bureaus.
- Credit Rating: While similar to a score, a rating is more general and is frequently used for organisations or even entire countries. It is a qualitative and quantitative assessment of credit risk.
- CIBIL Rating: A credit rating calculated using CIBIL’s datasets.
- Account Status: Shows if an account is active, closed, in default, or in collections.
- Credit Limit/Loan Amount: The maximum amount you can borrow or have borrowed.
- Credit Inquiry: Reflects when a lender or business has checked your credit.
- Default: Indicates non-payment of debt.
Your credit report serves several purposes:
- Lenders will review this report when considering you for a loan or credit card.
- Employment: Some companies may verify it (with your agreement) to determine financial responsibility.
- Landlords may evaluate rental agreements to ensure that you can consistently pay rent.
India’s major credit bureaus are TransUnion CIBIL, which is one of the oldest and most widely recognised.
• Experian is a global provider of credit and financial services.
• CRIF Highmark is a prominent player in credit information.
• Equifax provides individual and company reports and scores.
In conclusion, your credit score and report are critical to your financial wellness. Regularly reviewing and comprehending them can lead to improved financial chances and a more secure future. To maintain creditworthiness, you must strive for a good score, resolve anomalies in your report, and make informed selections.
Banks and financial institutions evaluate an individual’s or company’ credit score to determine the risk premium associated with a lending decision. People with strong credit scores are frequently inundated with preapproved offers from banks.
A credit score is one of the first factors lenders consider. High scores can result in fast approvals with favourable conditions and interest rates. In contrast, a low score may cause the application to be scrutinised more, potentially resulting to delays or rejection. Even if a loan is authorised, the interest rate may be higher than that offered to someone with a higher score.
A credit bureau calculates your credit score, which you can view quickly online. You cannot calculate your own score. However, you may keep a decent credit score by making timely payments and having a good credit history. Other criteria that boost your score include a healthy mix of secured and unsecured loans, an ideal credit utilisation ratio, account length, and the frequency of credit inquiries.
To purchase a property, you can apply for a home loan. As a secured loan, you can get a fair home loan offer with a credit score of 600. To qualify for the best home loan offers, your credit score should be outstanding to excellent. Check your cibil score before applying for a house loan.
To raise your CIBIL Score, first obtain your credit report and examine your score. Look for manual or systematic errors. For example, if your bank closed your account without alerting the bureau, your credit score would drop. You would need to file a dispute and have the status modified to Closed. This will boost your score. To boost your score, you must also ensure that you make regular payments, have the correct mix of loans, and have an optimal credit utilisation ratio.
- Navigating a credit report is critical for knowing your financial situation.
- Personal Information: Ensure that your name, address, and other information are correct.
- Credit Accounts: Check all of your loan and credit card accounts to confirm accuracy.
- Queries: Include both hard and soft queries.
- Public records may include bankruptcies or tax liens.
- Report anomalies: Notify the bureau immediately if there are any anomalies.
A common myth is that checking your credit score will lower it. This is false. Checking your own score is a gentle inquiry that does not affect the score. However, when lenders check (such as during a loan application), it is a thorough inquiry that may have a little impact.
To keep a decent CIBIL Score, make sure to pay your loan and credit card obligations on time. Ensure that repayments are not delinquent or delayed. Do not submit duplicate loan inquiries. Maintain an appropriate balance of secured and unsecured loans. Following these easy routines will help you maintain a decent credit score.
To get the finest personal loan offers, your credit score should be higher than 700. Anyone with a lower credit score can still obtain a personal loan at a higher rate. New age neo banks and app-based lenders offer loans with poor credit scores at varied interest rates and repayment conditions compared to traditional banks and NBFCs.
The credit score range for both CIBIL and Experian is 300 to 900. Equifax scores will range from 300 to 850.
A credit score is more than a number; it provides insight into your financial behaviour. Typically, a higher score indicates better creditworthiness. The score is based on your credit history, which includes how timely your payments have been, how much you owe, the age of your accounts, and other factors.
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