How to know your CIBIL score?
Nowadays people take the help of personal loans to meet their needs. Whether or not you get a personal loan depends to some extent on your CIBIL score. A good Sibyl score helps you approve a loan. Loans at low interest rates are possible with a good Sibyl score.
A CIBIL score of 750 or higher is good
Sibyl scores range from 300 to 900. It is easier to get a loan if the score is 750 or more. The better the Sibyl score, the easier it is to get a loan. The CIBIL score is based on a 24 month credit history. The Credit Information Bureau (India) Limited is the agency providing CIBIL scores in India.
How to know your CIBIL score?
Step 1- Visit Sibil's website www.cibil.com.
Step 2- Click Get Your Free CIBIL Score on the home page.
Step 3 - Enter your name, email ID and create a password. Then select any of your ID proofs (Passport Number, PAN Card Number, Aadhar Card or Water ID Number). Then enter your zip code, date of birth and phone number.
Step 4- After providing all the information, click on Accept and Continue.
Step 5 - Enter the One Time Password (OTP) on your phone and click Continue.
Step 6- ‘Your registration is successful’, this message will come to you. Then go to the dashboard of the website.
Step 7- Your CIBIL score will be in front of you.
Don't click on popups on the website.
On what does the Sibyl score depend?
The 30% Sibyl score depends on whether you are repaying the loan on time or not. 25% depends on secured or unsecured loan, 25% on credit exposure and 20% on loan utilization.
This makes the Sibyl score worse
Read In Gujarati
If you take a loan from a bank and do not repay it on time, it will lower or lower your credit score.
If you have a credit card and you do not pay your bill on time, it will have an adverse effect on your credit score.
Even if you do not maintain a minimum balance in your bank account or have a minus balance in it, your credit score deteriorates.
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