TransUnion CIBIL Score: What It Is and How to Check It

Your TransUnion CIBIL score plays a crucial role in your financial journey. It reflects your creditworthiness and helps lenders assess your eligibility for loans or credit cards. Understanding this score can help you make better borrowing decisions and maintain a healthy credit profile.

TransUnion CIBIL is one of India’s leading credit information bureaus. It collects and maintains records of individuals’ credit activities, such as loans and credit card payments, and uses this data to generate credit reports and scores.

TransUnion CIBIL score, also known as a credit score, is a key indicator of your creditworthiness, ranging from 300 to 900. It is calculated based on your credit history and financial behaviour. Several factors influence your CIBIL score, such as:

• Payment History: Paying the loan instalments and credit card bills helps boost your score

• Credit Utilisation: Lower usage of your credit limit reflects good financial discipline

• Loan Enquiries: A lot of loans or credit card applications can reduce your score

• Credit Mix: Maintaining a balanced mix of secured and unsecured loans positively impacts your CIBIL score

Your CIBIL score helps lenders decide whether to approve your loan or credit card applications. The table below shows what each score range means and its impact on your loan approval chances:

The TransUnion CIBIL report is a detailed record of your credit history, including all your loans, credit cards, payment behaviour, and credit score. Lenders use this to assess your financial credibility before approving loans or credit cards.

The TransUnion CIBIL score is calculated based on your credit history, repayment patterns, credit utilisation, and the number of recent credit enquiries. Each of these factors is given a different weightage, with payment history carrying the most importance. The score shows how responsibly you’ve managed debt over time.

Read more: How is CIBIL Score Calculated?

You can easily check your score online, without any charges. Here are the steps:

If you are already registered on CIBIL:

1. Log in to your myCIBIL account

2. Click on the ‘My Account’ tab located at the top right corner of the page

3. Select the ‘Get Your Free Report’ link

4. Your free credit score and report will be accessible immediately

If you are a new user:

1. Visit the CIBIL website

2. Click on the ‘Get Your Free CIBIL Score & Report’ button on the homepage.

3. Fill in your basic details, such as your name, email, contact number, and PAN number

4. Verify your identity using the OTP (One Time Password) sent to your registered mobile number or email

5. Once verification is complete, you will get instant access to your free CIBIL score and report online

Check through Bajaj Markets:

1. Click on the ‘Get Your Score’ option on this page

2. Enter a few personal details

3. Select your employment type 

4. Agree to the terms and conditions

5. Click on 'GET REPORT'

6. Enter the OTP sent to your registered mobile number

7. Click on ‘SUBMIT’

8. Post verification, you will be able to view your CIBIL score

The CIBIL score is very important for your financial life, especially when applying for loans or credit cards. It helps lenders assess how responsibly you’ve handled credit in the past to be able to offer new credit. Here’s why it matters:

• Loan Eligibility: Banks use it to decide whether to approve your loan or credit card application

• Better Interest Rates: A high score can create a possibility for you to get a loan at lower interest rates

• Faster Approvals: Good credit scores often lead to quicker loan approvals

• Higher Credit Limits: You may qualify for higher loan or credit card limits

A good CIBIL score, which is generally 750 and above, offers several financial advantages. Here are some of the benefits of having a good CIBIL score:

• Lenders are more likely to approve your loan without delays

• High scores often qualify you for loans with attractive interest rates

• You may get access to premium credit cards with rewards and perks

• Banks may offer you a larger loan or credit limit

• With a strong score, documentation and approval processes are usually smoother

• You can negotiate better terms on loans and interest rates

Understanding your CIBIL report helps you keep track of your credit health. The report is divided into four sections, which are given below:

• Personal Information

Like a financial ID card, this section includes your name, date of birth, contact details, and address. Always check for accuracy.

• Account Information

It gives information about your past loans and credit cards, repayment history, outstanding balances, and loan types. Keeping this section clean supports a strong credit score.

• Enquiry Information

Similar to a visitor log, this part shows who has recently checked your report. Too many credit enquiries can suggest credit hunger and may lower your score.

• CIBIL Score

This is your credit performance rating, ranging from 300 to 900. A higher score reflects responsible credit use and improves your chances of loan approval.

Read more: Understanding CIBIL Report

Improving your CIBIL score takes consistent effort and smart credit management. Follow these steps to build a stronger credit profile:

• Get the Facts

Start by checking your credit reports from all bureaus and look for errors or suspicious entries like wrong addresses or unrecognised inquiries.

• Correct the Inaccuracies

Dispute any inaccuracies by contacting the credit bureau or your lenders. Corrections are generally made within 30 days.

• Identify Problem Areas

Spot unhealthy credit habits like late payments or high credit card usage, and take corrective actions such as automating EMIs or lowering credit utilisation.

• Follow Up

Recheck your credit report after 30–60 days of taking action to ensure that improvements, if any, are reflected. Add a consumer statement if you need to clarify any issue.

• Monitor Your Credit

Use credit monitoring tools to stay informed about any changes or potential fraud, and keep records of all reports and disputes for future reference.

If you find any wrong information in your CIBIL report, like a loan you never took, you should fix it as soon as possible. These errors can hurt your credit score and make it hard to get loans. 

First, check your CIBIL report carefully and note the mistake. Then, go to the CIBIL website and fill out the online dispute form using the control number from your report.

CIBIL will contact the bank or lender to verify the issue. It takes about 30 days to correct the error, and you’ll get an update through email, once it’s done.

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