Monitoring your credit score is important for staying on top of your finances and unlocking better loan and credit card rates. The most convenient method of doing so in India is to check your CIBIL score following the instructions on Paisabazaar. And in today’s digital world, monitoring your creditworthiness online not only helps you make sound financial decisions but also gets you on track for competitive personal loan and credit card offers.
How to Check Your CIBIL Score on Paisabazaar
It’s quick, safe and free to use the easy-to-use platform of Paisabazaar. Here’s a detailed breakdown:
Step 1: Go to the Official Website of Paisabazaar
Visit the official Paisabazaar website on your desktop or mobile browser. Once you step inside, all you’ll see are a bunch of financial tools and an offer to check your credit score.
Step 2: Click on “Check Free CIBIL Score”
You should see “Check Free CIBIL Score” button in home page or under personal loans/credit cards section. If you click on it, you are taken to the credit score portal.
Step 3: Input Your Basic Information
You’ll be required to provide information like:
- Full Name
- Date of Birth
- Mobile Number
- Email ID
- PAN Card Number
These are the essentials to ascertain secured identification and your PAN is mandatory for getting back your CIBIL score.
Step 4: Verify Your Identity with OTP
Paisabazaar will send an OTP on the mobile number you enter. Input this OTP, along with your details to verify your identity and continue with lending process.
Step 5: Download Your CIBIL Score Report Open and Download your CIBIL score file.
Once the verification process is done, you can instantly see your CIBIL score and a comprehensive credit report on the platform. You may download this Paisabazaar free CIBIL report for later reference.
Check out your credit You have the right to get free access to your credit profile once per year, so use this opportunity when you’re planning such a major purchase as buying property.
Carefully review:
- Current score
- Status of your accounts (credit cards, loans)
- Repayment history
- Any negative/positive remarks
Be on the lookout for any discrepancies, or outdated information that’s having an adverse effect on your score.
Step 7: Get Scoring Updates Regularly
Paisabazaar allows you to check your CIBIL score at no cost each month and dispatches alerts if your score changes. Regularly monitoring can keep you updated about the state of your credit health and catch errors early.
Know the CIBIL Score What is it?
It’s your CIBIL score and it is a measure of your credit worthiness, on scale of 300 to 900. Lenders use it to gauge the likelihood of whether you’ll repay
| Score Range | Status | Loan Approval Likelihood |
|---|---|---|
| 750-900 | Excellent | Very High |
| 700-749 | Good | High |
| 650-699 | Fair | Moderate |
| 300-649 | Poor/Needs Work | Low |
The best deals for personal loans and credit cards (in the form of low interest rates and a better chance of getting approved) typically go to people with scores above 750.
CIBIL Score Impact Factors
Here is an easy to read info table style chart which explains what impacts your CIBIL score.
Advantages of Check Your CIBIL Score on Paisabazaar
When you check your score and history, you get credit education. Completely free and offering solid features, Paisabazaar is a top choice for credit score monitoring in India:
- Fast, paperless and entirely free checking.
- No affect on your score (soft inquiry).
- Reliable and current information directly from TransUnion CIBIL.
- Frequent notifications that help manage changes to your credit.
- Additional financial tools to help you make informed decisions about the best loans and credit cards for your score.
Popular Errors and Disagreements in CIBIL Report
Occasionally, mistakes can make their way into your Paisabazaar credit report. Identifying and addressing them quickly can help with financial health. Common issues include:
| Error Type | Description |
|---|---|
| Incorrect Personal Details | Wrong name, address, or PAN number |
| Duplicate Accounts | Same loan/card listed more than once |
| Wrong Payment Status | Paid loans showing as overdue |
Paisabazaar enables you to flag these disputes to have them rectified.
How to Increase your CIBIL Score?
Higher the CIBIL score, better are the loan offers and card approvals. Here are actionable strategies:
- Make sure to keep EMIs and bills in check.
- Keep utilization less than 30% of your available credit.
- Don’t apply for too many credit accounts at once.
- Periodically check out your credit report and correct errors.
- Don’t keep a balance on loan or credit card secured by anything other than Attached Property.
If you do these things, your score will rise slowly and you’ll be able to have access to all sorts of financial products.
Frequently Asked Questions
Why ZestDhan.com Here you can keep a regular check on your CIBIL Score.
Daily tracking of scores through Paisabazaar keeps you informed. You can:
- Correct mistakes that could damage your credit.
- Track improvements after repaying loans.
- Be better prepared for applying for personal loans and credit cards.
- Be better prepared for applying for personal loans and credit cards.
ZestDhan: For people looking for immediate loans or credit cards in India, ZestDhan.com provides, advisory and picked options of individual banks for users to make the best use of their high CIBIL score.