Do you want to check credit score and know if it’s good to go to help you get approval for an upcoming loan?
If yes, it is possible to check credit score online on the official website of CIBIL and many other third-party websites.
Read on and know more!
How to check credit score online easily?
- You will need to visit the official website of CIBIL and fill an online form with vital details, such as your name, email ID and contact number. You will also need to include your PAN card details.
- You will also be required to answer a few questions pertaining to your debts. As per your answers, your CIBIL score will get calculated. Your online credit report will be generated.
What factors affect your CIBIL score?
- Delay in payments
If you are not regular with your repayments towards your loan and credit cards, then your credit score will take a hit. Making timely repayments will help you improve it and enjoy a low interest rate on personal loans.
- Having a higher debt to income ratio
If your debt to income ratio is higher, your credit score will take a hit. Hence, it is recommended to maintain a lower debt to income ratio and have a strong credit score.
- Not having a mix of secured and unsecured loans
Also, if you continue to avail only one type of loan like an unsecured and secured, and not a mix of it, your credit score will be affected. Thus, you should try to keep a mix of secured loan like home loans and unsecured loan like personal loans.
Bajaj Finserv presents pre-approved personal loan offers, and even on home loans and more. It is to simplify the processing of the loan and make it faster.
You can explore your pre-approved loan offers today after sharing your basic details like your name and mobile number.
Additional Read : Know The Difference Between CIBIL Score and CIBIL Report
