Wish to avail loans but don’t know where to check from? So many websites of lenders are available which offers you to test your CIBIL score for free. Check by mentioning details on the relative tabs given on the website where you can examine whether you are eligible for availing loans or not.
A credit score of 760 and above stands to be a good score in order to keep a track record of fulfilling the ambitious pursuits of obtaining your desired loan. A low credit score denotes that you are not required to make a history of repayments with a higher possibility of default.
The potential lenders first examine your credit score so as to decide whether or not to process your application further. The statistics showcase a wide category of loans that are sanctioned to the customers with a credit score of 760 and above. Those who are having shortfall in terms of getting approval of loans/credit cards or whose credit score falls short of bank/lender’s eligibility criteria can apply for loans or credit cards by checking their CIBIL score from Wishfin website.
CIBIL Score Free
To obtain a CIBIL score happens to be just a click away so as to create the entire process paperless.
- Obtaining a CIBIL Score is very easy, you are required to log in to your official CIBIL website and upload the relevant documents i.e. your address proof, your personal information, id proof and other necessary facts.
- The moment you fill up your application form, your form will then be navigated to the authentication page wherein you will be asked for details like your First Name(as per PAN Card), middle name, last name, date of birth, gender, PAN Card, your contact details like your current residence, Pincode, State, City, Email ID and phone number. If you answer it correctly, CIBIL will dispatch your credit score on your email address within 24 to 48 hours.
- If your authentication stands to be failed, don’t worry, get a hard copy of your CIBIL report on your postal address as specified by you with the lender.
How to Improve CIBIL Score?
Looking forward to improve your CIBIL Score? In such a case, get a quick and accurate estimate of your credit history. However, there are prominent credit bureaus in India that generates credit reports, namely CIBIL, Equifax, Experian and Wishfin.com. Regardless of the credit scores and credit reports issued by all these lenders stands equally bona fide, though CIBIL is the most respectable one presently.
Whenever you put forward your request with a bank or a financial lender for obtaining a loan or a credit card, the prime eligibility criteria, an applicant needs to possess is a credit score of 760 and above for getting a loan or a card. Once you get through this process, lenders evaluate your credit report for obtaining a more authentic picture of your repayment behaviour. Some lenders might take a lending decision primarily on the grounds of your credit score.
If you are aspiring to apply for a loan or a credit card, it is a good way to examine your credit score well in advance. You then have a sufficient time so as to improve your score and modify your credit profile before you look to apply for the loan and avoid the risk of rejecting loans.
Check CIBIL Score by PAN Card
Furnish the details such as your PAN Card details in order to check your CIBIL score. It will help you to validate your results for improving the score. All you are supposed to enter some personal details such as date of birth, contact details, ID proof and probably answer some questions subject to your credit history. The moment your authentication turns out to be successful, you are required to make the desired payment. Subsequently, you will get your CIBIL score thereafter.
Moreover, get any one of the 3 updates on your CIBIL score. Avail a quarterly update subject to 4 times a year or biannual twice a year or buy a one-time subscription in order to update your score.
Benefit of Credit Score
The following are the benefits available while availing Credit Score:
- Loan amount
- Lower interest rate
- Longer tenure
- Fast approval process
- Easy documentation
- Higher card limit