Check CIBIL Score Online

Check CIBIL Score Online

Check Your CIBIL Score For Free at Finserv MARKETS

CIBIL Score

  • Overview

We, at Finserv MARKETS, decided to bring your entire financial analysis in one report. Because you’re never just a customer for us but a part of our extended family! Financial Health Check Report is more than just your credit score. It also gives an analysis of your financial health and tells you the way forward to maintain your financial health. 

Why Check CIBIL Score at Finserv MARKETS?

 

Personalised Report

Financial Health Check Report includes your personalised CIBIL Score as well as your performance across various parameters. This report will increase your financial awareness & help you make informed decisions.

More than CIBIL Score

We simplify complex financial reports for you and help pave way for a better future. The report also provides insights on protecting your financial stability for fulfilling your investments & aspirational objectives. It'll help you intaking prudent decisions towards maintaining your financial well-being.

Trusted Companion

Completely secure transactions and years of trust have, we have 100 million+ happy customers across India have chosen Bajaj Finserv as their trusted financial partner. It's your time now!

What is a CIBIL Score?

In simple terms, Credit Score is represented by a three-digit number given by CIBIL that defines your reliability as a borrower. It's measured by, analyzing your debts and repayment history collected from banks and financial institutions.

A good credit score indicates that you plan well for your financial needs; pay your debt on time. It also benefits you in easing your journey to avail credit from financial lenders.

How CIBIL Score is Calculated?

The CIBIL score is calculated based on the following factors:

Your repayment history

If you have made timely repayments in the past, you will have a high credit score. On the other hand, if you have delayed in making past repayments, you may have a lower credit score. 

Loan defaults

Defaulting on a loan will lead to a lower credit score. In order to ensure a high credit score, you must repay the loan amount within the stipulated time.

Multiple loan applications

If you have made several loan applications to avail credit, it can hamper the credit score negatively.

Type of loan availed in the past

Availing multiple unsecured loans in the past is viewed negatively and it can hurt the credit score. 

Write-offs

Multiple write-offs can lower your credit score. Moreover, recent write-offs can hurt the credit score more negatively as compared to older ones. Write-offs documented by lenders on former debts can also lower the credit score significantly.

It is advisable that you check your CIBIL score before applying for a loan. This can give you a fair idea as to whether or not your loan application will be approved by the lender. 

What are the Different Credit Score Ranges?

The CIBIL score is a numeric value that ranges from 300 to 900. Your CIBIL score plays a crucial role in determining your loan eligibility. Higher the CIBIL score, the better are the chances of your loan approval. It is advisable to check CIBIL score before applying for a loan. This will reduce the rejection chances of your loan application.

Below are the different ranges of a CIBIL score.

NA/NH: If you don’t have a credit card or have never availed a loan, your CIBIL score will be NA. This means that you have no credit history.

350 – 549(Poor): If you have a credit score in this range, that means you have defaulted on your loans or delayed your repayments. Availing a loan with a credit score in this range can be difficult. Thus, you must try to improve your credit score by making timely repayments and reducing your credit utilization rate.

550 – 699(Average): CIBIL score in this range is considered to be average. You might have to improve your credit score to improve your loan eligibility. This is because only a few lenders would grant you a loan with a credit score in this range. Moreover, they would consider you a high-risk borrower and charge a high-interest rate. 

700 – 749(Good): This is a good credit score and several lenders will offer you loans at competitive interest rates if you satisfy their other eligibility parameters.

CIBIL 750 – 900(Excellent): CIBIL score in this range is considered to be excellent. Banks and other financial institutions will consider you a low-risk borrower and offer you loans at attractive interest rates. Moreover, if you have a credit score in this range, you can also negotiate on the interest rate levied by the lender. 

What are The Factors That Affect Your CIBIL Score?

There are various factors that impact your credit score. Some of these factors are mentioned below: 

Your repayment history

Whenever you avail credit, ensure that you make its repayment within a stipulated time limit. Delaying your repayments or defaulting on your loans will have a negative impact on your credit score. Therefore, it is advisable to be prompt with your loan repayment and credit card bill payments.

Utilization of credit

Availing a loan or having multiple credit cards do not affect your credit score negatively. However, make sure that your credit utilization rate is not high. Excessive use of credit cards would indicate that you aren’t able to manage your finances in a prudent way. You should try to ensure your credit card dues do not exceed 30–40% of your total credit card limit across all cards. This will help you in keeping your credit score intact. Moreover, since credit cards have a higher interest rate associated with them, defaulting on its repayment can make you fall in debt-trap. Therefore, it is advisable to make timely repayment and clear outstanding dues to have a high credit score

Credit duration and mix

If you have a long credit history with good repayment behavior, it will help you have a high credit score. Moreover, a healthy credit mix with a good balance of secured loans and unsecured loans will help you improve your credit score.

Multiple applications for credit in recent past

Applying multiple times for credit in the recent past can impact your CIBIL Score negatively. It helps to be prudent while applying for credit and ensuring that you do not apply to multiple credit providers at the same time. 

You can improve your CIBIL score gradually by being financially disciplined and managing your credit in a better way. It is always advisable that you check your CIBIL score before applying for any form of credit.

FHCR Advantages

Financial well-being involves implementing prudent strategies for managing your money. Finserv MARKETS’ Financial Health Check Report was developed as part of our mission to educate and create financial awareness among our valued customers. It is intended to highlight your credit profile and the positive steps required to achieve your financial goals.

Finserv MARKETS Financial Health Check Report gets your CIBIL score and shows your performance across factors such as repayment history, the length of credit history, credit utilization and the type of credit you have taken. You will also find personalised advice regarding improving your credit standing in order to get better offers from banks and lending institutions.

We believe that protecting your financial stability and continuity is as important as fulfilling your investment and aspirational objectives. Therefore, in this report, we have also included our recommendations to find a balance between precaution and ambition based on your individual profile.

Being educated about your credit health and savings potential helps you in taking prudent decisions towards maintaining your financial well-being. We are sure that you will find this report informative and that it will lead you to the road ‘wealth’ travelled.

Check Your CIBIL Score at Finserv MARKETS With Few Easy Steps

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CIBIL Score FAQ's

  • ✔️Why should you monitor your Credit Score regularly?

    It’s crucial that you keep a close eye on your Credit Score. It is the best way to gauge your chances to get a line of credit. Another reason why you should track your score is to know if it dips, or if an error has been made by financial institutions in reporting your credit data to the credit bureau. This will help you make timely amends.

  • ✔️Does my credit score get impacted if I enquire about it?

    There are two types of credit score enquiries – hard enquiry and soft enquiry. Hard enquiries are usually conducted by financial institutions to take a decision about your credit application which can have an impact on your Credit Score. Soft enquiries do not impact your Credit Score. An enquiry made by an individual is called a soft enquiry. Finserv MARKETS will make a soft enquiry on your behalf when getting your Credit Score from CIBIL. Hence, your credit score will not get impacted in any manner. Moreover, checking your Credit Score on our website is absolutely free.

  • ✔️Is your CIBIL Score the deciding factor in a loan?

    Credit Score is not the only deciding factor for decision on your credit application, but it is one of the critical parameters which financial institutions consider while providing credit to an individual. All Credit Information Companies, including CIBIL, create your Credit Reports which tell banks about your financial credibility. Your Credit Score also determines the interest rate banks chalk up for you. So make sure that you score big on this one!

  • ✔️Is this Credit Report from Finserv MARKETS free?

    Yes, checking your CIBIL Score at Finserv MARKETS is absolutely free.

  • ✔️I am unable to get my free CIBIL Score Report

    On applying for your free CIBIL score if you do not get the report or see a failure message it could be due to a mismatch of data like your Mobile number, email id, PAN number or date of birth which you have entered while applying for your free CIBIL score report with your data with CIBIL. Another reason could be that you have never applied for or availed any kind of credit product due to which your data is not available with CIBIL.

Credit Report Reviews

Credit Score Reviews

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CIBIL Score

My friend advised me to check CIBIL score when I was planning to apply for a loan. There are many free online tools available out there but I found one from Finserv MARKETS as the most useful one.

CIBIL Score for Loan

I have heard from many financial experts that one should check CIBIL score before applying for any kind of loan as CIBIL is the one of the most important factors considered by any loan provider. So I researched and happen to come across the Financial Health Check Report from Finserv MARKETS. I found it very comprehensive and useful.

Credit Score Report

Finserv MARKETS provides Financial Health Check Report which very detailed report and it covers CIBIL score as well. Here, one can check CIBIL score for free in just 3 simple steps. I found it very easy and convenient and it also guided me well on what kind of loan to go for. Must recommended for anyone planning to opt for loans.