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Wednesday, June 29, 2022

How to know your CIBIL score?

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

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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