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Submitted URL: http://h1olvel.com/zxGiq1fT8N
Effective URL: https://www.wishfin.com/cibil-score
Submission: On January 15 via manual from US — Scanned from DE
Effective URL: https://www.wishfin.com/cibil-score
Submission: On January 15 via manual from US — Scanned from DE
Form analysis 1 forms found in the DOM
POST https://www.wishfin.com/cibil-score
<form autocomplete="off" method="post" id="cibil-landing-form" action="https://www.wishfin.com/cibil-score" novalidate="novalidate">
<input type="hidden" name="wf_csrf" value="c3cc9a56a837baa33a17d9dab15718a0-51cf7196e27d26744367f60f5ff4f39f">
<div class="row">
<div class="col-xs-12">
<p class="card-title-heading h2">Check your CIBIL score Now - Get Instant Detailed Report for Free</p>
<div class="row">
<div class="col-xs-12 col-md-4">
<div class="form-group is-empty">
<label class="text-left" for="first-name" data-error="" id="first-name-validation">First Name (As per PAN Card) </label>
<input autocomplete="off" name="first_name" class="form-control" minlength="3" maxlength="35" type="text" id="first-name" aria-required="true" placeholder="Enter First Name" value="">
</div>
</div>
<div class="col-xs-12 col-md-4">
<div class="form-group is-empty">
<label class="text-left" for="middle-name" data-error="" id="middle-name-validation">Middle Name</label>
<input autocomplete="off" name="middle_name" class="form-control" maxlength="30" type="text" id="middle-name" aria-required="true" placeholder="Enter Middle Name" value="">
</div>
</div>
<div class="col-xs-12 col-md-4">
<div class="form-group is-empty">
<label class="text-left" for="last-name" data-error="" id="last-name-validation"> Last Name</label>
<input autocomplete="off" name="last_name" class="form-control" maxlength="30" type="text" id="last-name" aria-required="true" placeholder="Enter Last Name" value="">
</div>
</div>
</div>
<div class="row">
<div class="col-xs-12 col-md-4">
<div class="form-group listcontent is-empty">
<label class="text-left" for="DOB" data-error="" id="dob-validation">Date of Birth (yyyy-mm-dd)</label>
<input autocomplete="off" maxlength="25" required="required" class="DOB form-control hasDatepicker" id="DOB" type="text" readonly="readonly" name="date_of_birth" placeholder="Enter Date of Birth" aria-required="true">
</div>
</div>
<div class="col-xs-12 col-md-4">
<div class="form-group">
<label class="text-left" id="Gender">Gender</label>
<div class="form-option-field">
<div class="radio d-inline-block">
<input type="radio" name="gender" id="Gender-M" value="1" aria-required="true" checked="checked">
<label for="Gender-M">Male</label>
</div>
<div class="radio d-inline-block">
<input type="radio" name="gender" id="Gender-F" value="2" aria-required="true">
<label for="Gender-F">Female</label>
</div>
</div>
</div>
</div>
<div class="col-xs-12 col-md-4">
<div class="form-group is-empty">
<label class="text-left" for="PanNo" data-error="" id="PanNo-validation"> PAN Card</label>
<img loading="lazy" class="loader-input" src="https://www.wishfin.com//images/old_loading.gif" alt="" style="display:none;">
<input autocomplete="off" name="pancard" type="text" id="PanNo" class="form-control" maxlength="10" value="" aria-required="true" placeholder="Enter Your PAN Number">
</div>
</div>
</div>
<div class="row">
<div class="col-xs-12 col-md-4">
<div class="form-group is-empty">
<label for="monthlyInc">Net Monthly Income</label>
<input autocomplete="off" name="annual_income" type="text" id="monthlyInc" class="form-control Numericonly inrFormat" maxlength="9" value="" placeholder="Enter monthly income">
</div>
</div>
<div class="col-xs-12 col-md-4">
<div class="form-group">
<label class="text-left" id="occupation-label">Employment Status</label>
<div class="form-option-field">
<div class="radio d-inline-block">
<input type="radio" name="occupation" id="emp_status1" value="1" aria-required="true" checked="checked">
<label for="emp_status1">Salaried</label>
</div>
<div class="radio d-inline-block">
<input type="radio" name="occupation" id="emp_status2" value="2" aria-required="true">
<label for="emp_status2">Self Employed</label>
</div>
</div>
</div>
</div>
<div class="col-xs-12 col-md-4 company-name-col">
<div class="form-group is-empty">
<label for="City">City</label>
<input autocomplete="off" name="city_name" type="text" id="City" class="form-control City" value="" placeholder="Enter city name">
</div>
</div>
<div class="col-xs-12 col-md-4 annual-turnover-col" style="display:none">
<div class="form-group">
<label>Annual Turnover</label>
<select name="annual_turnover" id="AnnualTOver" class="form-control annual_tover" style="display: none;">
<option class="option" value="0"> Annual Turnover </option>
<option class="option" value="1"> 0 - 40 Lacs </option>
<option class="option" value="2"> 40 Lacs - 1 Cr </option>
<option class="option" value="3"> 1Cr - 3Crs </option>
<option class="option" value="4"> 3Crs & above </option>
</select><span tabindex="0" id="AnnualTOver-button" aria-expanded="false" aria-autocomplete="list" aria-owns="AnnualTOver-menu" aria-haspopup="true"
class="ui-selectmenu-button ui-selectmenu-button-closed ui-corner-all ui-button ui-widget"><span class="ui-selectmenu-icon ui-icon ui-icon-triangle-1-s"></span><span class="ui-selectmenu-text form-control"> Annual Turnover
</span></span>
</div>
</div>
</div>
<div class="row">
<div class="col-xs-12">
<p class="contact-title h2"> <i class="fa fa-address-book d-none"></i> Contact Details</p>
<div class="row">
<div class="col-xs-12 col-md-4">
<div class="form-group is-empty">
<label class="text-left" for="Email_id" data-error="" id="Email_id-validation">Email ID</label>
<input autocomplete="off" name="email_id" id="Email_id" type="text" class="form-control" maxlength="50" placeholder="Enter your Email ID" value="">
<span class="text-note">Should match id you use for bank/loan-related activity, to receive score</span>
</div>
</div>
<div class="col-xs-12 col-md-4">
<div class="form-group is-empty">
<label class="text-left" data-error="" id="mobile_no-validation" for="mobile_no">Mobile No.</label>
<input autocomplete="off" name="mobile_number" class="form-control Numericonly" type="tel" id="mobile_no" aria-required="true" maxlength="10" placeholder="Enter your Mobile Number" value="">
<span class="text-note">Should match number you use for bank/loan-related activity, to receive score</span>
</div>
</div>
</div>
<div class="row">
<div class="col-xs-12">
<div class="card no-shadow consent-card">
<div class="card-content">
<div class="row">
<div class="col-lg-10 col-md-9 col-sm-8">
<div class="form-group consent-form-group">
<label class="text-left consent-label">Based on your <strong>CIBIL Score</strong>, you might be eligible for great deals on Financial Products</label>
<div class="form-option-field">
<div class="radio d-inline-block">
<input type="radio" name="consent_option" value="1" id="consent_option_yes">
<label for="consent_option_yes" class="radioshow">Contact me as I am interested in applying for</label>
<div class="row consent-option-row">
<div class="col-xs-6">
<p>
<input type="checkbox" name="consent_product_option[]" id="consent_product_option1" class="consent_product_optioncheck" value="pl">
<label class="check_show" for="consent_product_option1">Personal Loan</label>
</p>
</div>
<div class="col-xs-6">
<p>
<input type="checkbox" name="consent_product_option[]" class="consent_product_optioncheck" id="consent_product_option2" value="hl">
<label class="check_show" for="consent_product_option2">Home Loan</label>
</p>
</div>
<div class="clearfix"></div>
<div class="col-xs-6">
<p>
<input type="checkbox" name="consent_product_option[]" id="consent_product_option3" class="consent_product_optioncheck" value="cc">
<label class="check_show" for="consent_product_option3">Credit Cards</label>
</p>
</div>
<div class="col-xs-6">
<p>
<input type="checkbox" name="consent_product_option[]" id="consent_product_option4" class="consent_product_optioncheck" value="hi">
<label class="check_show" for="consent_product_option4">Health Insurance</label>
</p>
</div>
<div class="clearfix"></div>
</div>
</div>
<div class="radio d-inline-block">
<input type="radio" name="consent_option" value="2" id="consent_option_no">
<label for="consent_option_no" class="radioshow">No thanks. I’m only interested in checking my CIBIL Score. </label>
</div>
</div>
</div>
</div>
<div class="col-lg-2 col-md-3 col-sm-4">
<img loading="lazy" class="nospam-image pull-right" src="images/nospam_image.png" alt="">
</div>
</div>
<div class="row no-spam-text-row">
<div class="no-spam-text">
<p>Wishfin has a <strong>No Spam, No Unwanted Calls</strong> Policy.</p>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="row">
<div class="col-xs-12">
<div class="form-group">
<p>
<input type="checkbox" onclick="if (!window.__cfRLUnblockHandlers) return false; this.checked=!this.checked;" checked="checked" required="required" name="cibil-policy" class="filled-in" id="cibil-landing" aria-required="true">
<label for="cibil-landing" class="check_show">I Agree to <a href="https://www.wishfin.com/privacy-policy" class="text-green"> Privacy policy</a> and <a href="#termscibil" class="text-green" id="cibilterms">Terms and Conditions.</a>
</label>
</p>
</div>
</div>
<div class="col-xs-12 text-center">
<button class="btn-raised btn btn-lg btn-primary" id="cibil-submit-Button" type="submit">Submit</button>
</div>
</div>
</div>
</div>
<span class="kycDiv"></span>
<span class="cityValid" style="display: none"></span>
</div>
</div>
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* CIBIL Score
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Check your CIBIL Score & Report absolutely FREE in next 2 minutes.
Already checked your score before? LOGIN To see your detailed CIBIL Report.
Let our Algorithms help you
Reduce rates on your existing Loans.
Suggest Better Rewards Credit Cards.
Tips on Improving Credit Score.
CIBIL requires accurate details to ensure accuracy & security.
Make sure they match your banking records.
Check your CIBIL score Now - Get Instant Detailed Report for Free
First Name (As per PAN Card)
Middle Name
Last Name
Date of Birth (yyyy-mm-dd)
Gender
Male
Female
PAN Card
Net Monthly Income
Employment Status
Salaried
Self Employed
City
Annual Turnover Annual Turnover 0 - 40 Lacs 40 Lacs - 1 Cr 1Cr - 3Crs 3Crs &
above Annual Turnover
Contact Details
Email ID Should match id you use for bank/loan-related activity, to receive
score
Mobile No. Should match number you use for bank/loan-related activity, to
receive score
Based on your CIBIL Score, you might be eligible for great deals on Financial
Products
Contact me as I am interested in applying for
Personal Loan
Home Loan
Credit Cards
Health Insurance
No thanks. I’m only interested in checking my CIBIL Score.
Wishfin has a No Spam, No Unwanted Calls Policy.
I Agree to Privacy policy and Terms and Conditions.
Submit
WHAT IS A CIBIL SCORE
A Cibil Score is a three-digit number that denotes your credit report. The Cibil
score starts from 300 to 900 and if you are closer to a Cibil score of 900 then
it is considered a good score. On the other hand, if your score is closer to 300
then it is a bad score and there are fewer chances to get any debt. Therefore it
is necessary to keep an eye on your Cibil Score by checking it regularly.
CIBIL SCORE - CHECK FREE CIBIL SCORE ONLINE
Wishfin is the best way to check your CIBIL Score for Free, as 6.5 million
satisfied users have already been discovered! On Wishfin, you can check your
CIBIL score every month for free without paying any charges for calculation. It
is important to make a Cibil Check because banks look at your CIBIL Score before
giving you any type of loan. Wishfin enables you to monitor your Credit Health
and Credit History over time and take steps to improve it. You can also download
the detailed CIBIL Report that allows you to check your credit repayment status,
on-time EMIs, loan enquiries, and much more – at zero cost. If required, Wishfin
also suggests financial products such as loans, credit cards, and balance
transfers that may have a positive impact on your credit history.
WHAT IS THE FULL FORM OF CIBIL?
The Term Cibil stands for “Credit Information Bureau India Limited” and it is a
company that is engaged in managing and keeping credit records of different
companies, firms, and individuals based on which the lenders disburses the loan.
The Banks and other lending institutions submit the information to Cibil based
on which this company calculates the Cibil Score.
HOW TO CHECK FREE CIBIL SCORE ONLINE AT WISHFIN?
Wishfin is the official partner of TransUnion for giving authentic and accurate
CIBIL Scores. Wishfin gives you the original authentic CIBIL score free because
we believe that good credit health is a stepping stone to enabling good finances
for our customers. Another advantage is that Wishfin is free of cost no matter
how many times you check Cibil’s score online (and not just for the first time).
Also, checking your Score on Wishfin does not reduce your score or negatively
impact it in any way – no matter how many times you check your score with us.
This is why 6.5 million people have already checked their CIBIL Score online for
free with Wishfin.
Plus, no need to do it again. Next time you want to check your score, all you
have to do is log in to Wishfin with OTP using your registered mobile number,
and you’re good to go!
And with best-in-class data security and privacy protocols, ease of staying
credit healthy comes with complete security and peace of mind! You also have the
choice of either logging into the Wishfin website and go to the CIBIL section or
downloading the Wishfin app from the Android Google Playstore or Apple iOS
Appstore. Additionally, there is an option to download your detailed CIBIL
report easily. On the app, you can also track your progress over time by seeing
your past scores.
HOW TO CHECK CIBIL SCORE BY PAN CARD AND AADHAAR CARD?
Your PAN number enables Credit Rating Agencies to identify your credit records
accurately. Hence, your PAN number is needed to check your Cibil Score. While
checking your Cibil, keep your PAN Card handy and ensure that the Name and Date
of Birth you enter match those on your PAN Card. Just follow these steps to
check Cibil Score by PAN Card on Wishfin:
1. Navigate to ‘CIBIL Score’ on the Wishfin website or use the Wishfin App
2. Provide PAN Card number
3. Enter your Name and Date of Birth as per PAN Card
4. Enter details such as gender, email address, residential address and mobile
number
5. Submit to know your score
After following the above steps, you can easily have the Cibil score check free
online by PAN Number.
If you are checking your Cibil Score through an Aadhar then you can use the
Address present on your Aadhaar Card. Sometimes, while downloading a Cibil
Report, you will need to provide your address and it should be as same as it is
present on your Aadhaar Card.
HOW TO CHECK FREE CIBIL SCORE ON WHATSAPP?
Wishfin has been a pioneer in bringing financial services to India’s favorite
communication platform – WhatsApp. For the first time in India, a user can even
check their CIBIL Score using WhatsApp – no more forms! Checking CIBIL is now as
easy as chatting with a friend.
All that a user has to do is give a missed call to +91-8287151151
You will receive a WhatsApp message from Wishfin
You will be asked a few questions such as
1. Your Full Name
2. Your PAN Number
3. Your Residential Address
4. Your Email Id
Just answer these questions and you will get your latest CIBIL Score in your
WhatsApp chat box.
WHAT IS THE DIFFERENCE BETWEEN A CIBIL SCORE AND A CREDIT SCORE AND WHICH ONE IS
BETTER?
CIBIL score is a Credit Score generated by a credit rating agency called
TransUnion. TransUnion CIBIL is the gold standard of Credit Scores and the only
one that counts while seeking finance. While there are several Credit Bureaus
that issue credit scores, CIBIL is the one that holds most weight with banks.
Now, a Credit Score is like your financial report card with a numerical
representation of your credit health. A CIBIL score can range from 300 to 900 in
India and CIBIL score above 750 is considered good for the approval of loans or
credit cards. While evaluating any sort of credit application, the lender checks
your credit score and your credit history before going ahead with the
application.
Therefore you can not point out a better score because every agency has its
parameters to calculate the credit score and the Cibil TransUnion is one of
them. Usually a Cibil Score of 750 and above is enough to get quick approval for
a loan or debt.
> IS WISHFIN AN OFFICIAL PARTNER OF CIBIL?
>
> Wishfin is first official fintech partner of TransUnion CIBIL (Credit
> Information Bureau of India), the company that issues the official CIBIL score
> Login to check the Cibil. This authorises Wishfin to present to you the score
> generated by TransUnion. At Wishfin, we are all about trust and transparency.
> So, here’s a link from CIBIL’s official website for your reference
> https://www.cibil.com/official-partners
DOES CHECKING CIBIL SCORE MULTIPLE TIMES AFFECT OVERALL CREDIT SCORE?
The short answer is – No if you are the one checking it. But we understand why
people have this apprehension. So, it is important to understand the nuance.
On one side, CIBIL checks are requested by financial organizations to ascertain
an individual’s creditworthiness and on the other, by individuals to monitor
their credit health. When a person applies to a bank or other lending
institutions for a loan or credit, the former scenario comes into play. That is,
during the evaluation process, a CIBIL inquiry is triggered by the bank in the
background, which happens without the involvement of the applicant. The loan
approval decision is partly made based on that score. This is called a Hard
Inquiry. Now, here’s the thing: every time you apply, the banks run an
involuntary Credit Check – and that MAY affect your Cibil score adversely giving
rise to this commonly held fear.
However, when individuals voluntarily check their Cibil score online on Wishfin
for their consumption, their CIBIL Score DOES NOT get affected. So our simple
advice to users does not keep applying for loans and credit cards without
accurately knowing their credit situation. Because whether you do or not, banks
will keep checking your score as often as you apply, which reduces your chances
for loan approval by reducing your score.
You rather check your score on your own first - for free via Wishfin, safely,
without affecting your score. So if your score is low, you see it before the
bank does. Say your score is lower than 700, then you can improve your score
over time by optimizing your credit situation and following the score-boosting
advice given by Wishfin based on your score. If you are interested, Wishfin can
also show you financial products with high approval probability so that you may
fulfill your immediate need and get started on the path of healthy credit. Once
you are confident about your score, you can apply in a more targeted manner,
increasing the chances of disbursal and reducing the risk of multiple
bank-initiated credit inquiries.
WHAT ARE THE BENEFITS OF HAVING A GOOD CIBIL SCORE?
Credit facilities, such as credit cards or loans, are provided based on a
thorough check of numerous factors. These factors include your relationship with
the lender, employment status and history, age, and more. Amongst these factors,
CIBIL Score is considered as one of the most important factors. Banks evaluate
your credit health and capacity for repayment based on your CIBIL Score.
Therefore having a good CIBIL score not only helps you get approval in the first
place but also affects the quality of debt available to you. A good Cibil score
makes a person eligible for better deals on loans and credit cards.
But this does not mean that not having a good Cibil score currently makes you
completely ineligible for all financial products. They may opt for secured loans
such as loans against property, gold loans, etc by mortgaging their assets. But
the options are still limited. Some banks and NBFCs may give loans or credit
cards even with a CIBIL score of 0, -1, or a sub 600 score. But these may be at
exorbitant rates of interest, offering very low credit limits and stringent
repayment terms. The advantage of being on the green side of the scale is
undeniable. Because getting a loan is not enough, getting one on good terms
which you can viably service is more important. Here are some pros of
maintaining a good Cibil score and have the Cibil Score check online for free.
* Increases eligibility for loans - A higher Consumer Cibil Score means lenders
will be more comfortable in lending you a bigger amount or providing you with
a better credit limit.
* Gives access to best Credit Cards - Some of the premium Credit Cards offer
great benefits in addition to deals and offers. Most of these cards have a
good CIBIL Score as a prerequisite.
* Lower rate of interest - People wonder why they do not get a loan at the
advertised lowest rate of interest. It could be because of a subpar cibil
score in addition to other factors such as income, repayment capacity. Those
having a positive payment history and a high score are more likely to get a
lower rate on loans.
* To build and maintain a credit history - Good credit health does not stop at
getting a good score just when you need a loan. What you do with that loan
and how you repay it affects your future score. Remember, it’s not a sprint,
but a marathon. Maintaining a good cibil score, whether you are seeking a
loan or not helps you maintain overall financial discipline. Paying credit
card bills, EMI’s on time, not taking an excessive number of loans, and
credit cards even though you can afford it now and your score allows it, sows
the conditions for a future debt trap.
> Please note that a 0 or -1 score is not necessarily bad. It only means you
> have zero credit history and cibil score. The moment you start using a credit
> card or paying EMIs, your credit history will build up and so will your credit
> score. This will make you eligible for better options in the future.
WHAT IS A GOOD CIBIL REPORT?
A CIBIL report is a single unified document that provides a detailed overview of
your credit history across different lenders over a significant time period. It
is a comprehensive report that provides details of an individual’s or corporate
entity’s borrowing history and repayment record. The credit report includes the
following information and you can download the free Cibil Report through
Wishfin.
* Personal details of an applicant (name, age, gender and address)
* Employment details and earnings
* Number of hard enquiries made by potential lenders on receipt of the
loan/credit card application
* Records of previous and current loans along with the payment record
* Any defaults on loan
* The details of settled loans, if any
* Total credit limit and the amount spent monthly (Credit Utilisation Ratio)
* Any credit card payment defaults
* Credit Score
This report provides lenders detailed information on the applicant’s
creditworthiness based on previous and current credit behavior. Based on the
report, lenders take the lending decision. But more importantly, it provides you
with an opportunity to analyze your credit habits and take corrective action if
needed. Being aware is the first step to good financial health. As the number of
loans and cards pile up, even the most disciplined among us can lose sight of
our credit situation. And this is not to be taken lightly, because whether you
like it or not, all your credit habits get recorded by financial institutions –
it’s like karma. So, a CIBIL report is especially empowering because it helps
you understand the workings of credit better and keeps you one step ahead.
HOW IS CIBIL REPORT GENERATED?
Credit Information Bureau of India Limited (CIBIL), India’s first Credit
Information Company, collects and maintains the records of an individual’s and
non-individuals (commercial entities) credit-related transactions such as loans
and credit cards. These records are provided by banks and other lenders every
month to the Credit Bureau. Using this information, a Credit Information Report
(CIR) and Credit Score are developed. When you check your score on Wishfin, you
see this exact score and report generated by TransUnion.
HOW IS CIBIL SCORE CALCULATED?
The member banks and financial institutions report monthly the details related
to the credit activity of the customers to the bureaus. This includes data of
each loan or credit card repayment made by the customer during the period and
even the late or skipped payments. The report comprises new loan applications,
interest rates, the credit limit on cards, the status of all loan accounts
including those ‘written-off' or ‘settled’ or ‘closed’. After a complex
statistical analysis of the provided information, the cibil score is calculated.
Timely credit payments generally lead to a good score. Candidates with a high
score have better chances of getting a loan or a credit card.
FACTORS AFFECTING CIBIL SCORE
This is one of the most commonly asked questions about CIBIL Check – ‘Which
factors affect your CIBIL Score?’ The answer includes your credit history,
payment date, number of unsecured loans, credit utilization, etc. explained in
depth below.
Credit History: It is believed that roughly 30% of your CIBIL score depends on
your repayment history and timely payment of your dues. Individuals not having
any kind of credit history will most probably have a zero CIBIL score. But
lenders also look at other factors such as your annual income and employment
stability to estimate your repayment capability.
Missing of Due Dates: Your repayment discipline says a lot about your credit
habits and repayment capacity and is used to gauge your creditworthiness. Any
type of credit product comes with a designated due date. It is structured using
things like EMI and regular credit card bills. Missing due dates even once or
twice can affect your score. If it happens repeatedly, it will reflect in the
credit report generated after every billing cycle and will be read as a pattern.
This is terrible for your Cibil score and recovering from here becomes hard. So
it’s important to cultivate a habit of timely repayment.
Utilization of Credit: Every person is eligible for a certain amount of credit
from lending institutions based on his creditworthiness and factors like income
and stability. This is reflected as a Credit Limit. The interesting thing is how
much you utilize out of this credit limit also affects your future cibil score,
because it gives lenders a sense of your money management skills, your
propensity to spend using credit, your credit liability, and the risk to your
solvency. It’s all about patterns. Credit Utilization is a metric that tries to
capture the way you utilize your credit from the total given credit limit. It is
calculated in percentage terms and is also known as the Credit Utilization
Ratio. Suppose that you have a credit limit of INR 10,000 and you use only INR
3,000 from it, then your credit utilization ratio is 30%. From this, the lender
can judge that despite having INR 10,000 available as credit, the borrower
needed only 3000, hence is solvent and can easily pay back the loan. Borrowers
who exhaust their credit limit frequently are known as Credit Hungry Borrowers,
who find it difficult to get any kind of credit as they are considered a risk. A
low credit utilization ratio (below 40%) usually contributes to a good Cibil
score.
Multiple Credit Applications: The chances of your CIBIL score getting affected
negatively are higher if you frequently apply for loans and credit cards. This
is because lenders can sense desperation. You don’t want to be categorized as
‘Credit Hungry’ and thereby a high-risk proposition. Every time you apply for a
loan or a credit card, the bank or lending institution triggers a hard inquiry
and the applicant is penalized in his score. Most often, this is avoidable and
your score unnecessarily suffers. It is better to have a Cibil check for free
and only apply after you are confident of your score and apply for products that
you are likely to be eligible for. Also, never apply for credit cards, again and
again, to pay off old credit card debt. Not only will you be facing a debt trap,
but also end up damaging your score making the situation worse. So look before
you leap, check before you apply!
Increasing Your Credit Card Limit Frequently: Frequently requesting a raise in
your credit card limit can create doubts about your creditworthiness. It can
indicate that your debt appetite may overtake your repayment ability. This can
negatively affect your CIBIL score. So, it is better to stay well within the
existing credit limit and repay dues on time. When the time is right, the bank
will voluntarily increase your credit limit as per their assessment.
HOW TO IMPROVE OR INCREASE CIBIL SCORE?
A good Credit Score is like good health – there are only upsides and no
downsides. Whether you choose to seek credit using it or not becomes secondary.
The fact that it gives you access to healthy credit if and when you need it is a
reassuring feeling. It only strengthens your financial options and keeps you on
track though positive habit formation. To get the best deals on credit cards and
loans, your score must be good. In India, banks and NBFCs would consider your
application only if you have a good credit score. Once you understand the
factors affecting your score, taking steps to improve it be it becomes easier.
Here are some recommended measures to improve your CIBIL score:
* ‘On-time, Every-time’ Payments - Always pay your Credit Card Bills on time.
Never miss the due date. Ensure that your EMI deductions are not delayed for
any reason. This will demonstrate your credit discipline and establish your
repayment credibility.
* Debt Consolidation/Debt Optimization/Debt Restructuring - Why keep 4 credit
cards and 3 loans running when you can make do with 2? A tight ship is easier
to steer. Close down loan accounts and credit cards that you don’t use much.
Say, you have been paying 36% interest on your Credit Card, it would be wise
to take a Personal Loan at less than half the interest rate, pay off the
Credit Card liability, terminate the card, and pay off the Personal Loan
using more manageable EMIs. Also, look for options such as turning your
Credit Card outstanding into EMI. This helps you stay clear of the debt trap
and these smart decisions will reflect in an improving score. Bring down your
Credit Utilization percentage and ensure a healthy ratio of secured to
unsecured loans. It’s an ongoing process. Keep optimizing.
* Utilize Balance Transfer Opportunities - This one is somewhat related to the
earlier point but deserves a spot of its own. A balance transfer is shifting
to another loan with better interest rates and terms. Why continue suffering
the same product when better options become available? You can easily do so
for products such as Personal Loans and Home Loans and reduce your
liabilities, possibly shrinking your EMIs and expanding your Cibil Score! And
it’s a virtuous circle – the more your score improves, the better the deals
that become available to you. You can keep an eye on balance transfer offers
that get unlocked depending on your score using Wishfin’s recommendation
engine, every time you check your CIBIL for free on Wishfin!
* No Credit History? Try for a Small Loan or a basic Credit Card - This may
sound counterintuitive. But if you have no credit history yet ( and hence a
0, -1 score), it might be a good idea to start building one by applying for
an entry-level credit product, even if you don’t need it. Why? Because you
have to start somewhere and you don’t want to be stuck with no cibil score
when you need finance. But a word of caution – don’t get carried away. Just
because a loan with a high credit limit is available does not mean you take
it. Opt for something which is manageable and involves regular repayment, so
that you can establish a positive repayment pattern. You can move on to the
big stuff when your Cibil Score gets going as fast as your career!
WHY IS MY CIBIL SCORE ZERO OR NEGATIVE? WHAT DOES A CIBIL SCORE OF 0, -1, 1 TO 5
MEAN?
Seeing 0, negative, or a single-digit CIBIL Score can be alarming for new
borrowers. In most cases, there is no reason to worry, but definitely, some
reason to take constructive action. As explained in the earlier point, such
scores indicate that the individual has no credit history or an inadequate one.
A CIBIL Score of 0 indicates NH or No history, i.e., no records of the borrower
can be found. A CIBIL Score of -1 means that the credit history of the borrower
is NA or not available. It may also imply an inadequate credit record or that
fewer than 6 months’ worth of records is available (not enough to generate a
score).
A CIBIL score ranging from 1-5 denotes the magnitude of risk that a lender may
face while lending to a fresh borrower. 5 means less risk. 1 means more risk.
WHY IS MY CIBIL SCORE IS NOT GETTING GENERATED?
Sometimes people raise queries like “Why am I unable to check my Cibil Score?”.
So it can be due to many possible reasons. The systems at TransUnion identify
you and your records based on the details that exist in your banking records.
Often this information is provided by you to banks a long time ago. Details like
phone numbers, addresses, employment details change with time but are often not
updated in your banking records. Sometimes while filling the CIBIL form, one
puts in the latest details or the details he can recall. But if there’s a
mismatch with the banking records, as a privacy feature, CIBIL does not show you
the score, because it has not been able to identify you with sufficient
certainty. In such cases, it is best to review all details in your banking
records and write to CIBIL using the contact us page on their official website.
If there is a discrepancy, only they can help rectify it.
CIBIL SCORE FAQ
How to Find the Exact Cibil Score?
You can find the exact Cibil Score on Wishfin by providing your basic details.
All you need is to enter your name, PAN, City, Income, Employment Status, Mobile
Number, Email ID, and Date of Birth to find the exact Cibil Score. If your score
is 750 and above then you can easily apply for credit cards, personal loans,
home loans, and other types of loans.
What is Cibil Score for Loan
If you are applying for a personal loan, home loan, or any other loan then you
will need a minimum Cibil Score of 750 for easy approval. Some lenders can even
lend you a loan at a score of 750 but the eligibility criteria will be difficult
and you will need a high and stable income to get the loan. So, the best Cibil
Score for Loan is 750 and above. .
What is Cibil Score in India
There is no exact Cibil Score in India. Different institutions ask for different
Cibil Scores. But the Cibil Score should be between 700 to 750. If your Cibil
Score is below 700 then there are very rare chances that an institution will
lend you a loan. On the other hand, if your score is 750 and above then this
score is accepted by all the financial institutions in India. .
How to use CIBIL Score Calculator?
To check your CIBIL Score you need to follow the following steps: Step 1- Enter
your basic details including your Name, DOB, Gender, PAN, Monthly Income,
Employment Status, City. Step 2- Enter your contact details including your
email-id and your mobile number. Step 3- After entering your details you can
mention whether you are interested in any product or are just checking your
CIBIL score. Step 4- Verify the details that you have entered in the eligibility
calculator. Step 5- Click on the submit button Step 6- Your result will get
displayed to you. .
What is the minimum CIBIL Score for home loan and minimum CIBIL Score for
personal loan?
720 or above is the minimum required CIBIL score for home loan. Whereas the
minimum required CIBIL score for personal loan is 750 or above. However, if your
CIBIL score lies between 700 to 750, there are chances that your loan
application might get approved. However, if you have a low CIBIL score, you
would still be able to avail a personal loan at a higher interest rate and a
higher income proof would be required. .
What is the Difference Between CIBIL and Credit Score?
Credit score generated by any of the 4 credit bureaus operating in India is
called a credit score whereas a credit score that is generated specifically by
TransUnion CIBIL is known as a CIBIL score.
Can I Have More Than One Credit Report?
You can check your CIBIL score for free at Wishfin. All you need to do to get
your CIBIL report is to fill out a CIBIL report application form at our website.
Once your CIBIL report is generated you will receive monthly updated reports on
your registered email id. However, if you want credit reports from different
agencies apart from TransUnion CIBIL, you apply at different agencies at the
same time resulting, you would have different credit reports with you at the
same time..
Why There is a Need for a PAN Card to Check the Credit Score?
If you want to get accurate information about the Credit Score then it is
necessary to provide your PAN details. A PAN card just acts as a proof of
identity that is stored in the database of the Credit Score Bureaus. That is why
you need a PAN card to check the Cibil Score because it proves your identity to
the bureau.
Will Multiple Inquiries for a Credit Score Affect my Score?
No, multiple inquiries for a credit score will not affect your score. Neither
your credit score increases nor decreases by making the credit score inquiry
multiple times but borrowing or paying off a debt will affect your credit score.
How Does Credit Score Fluctuate?
The credit score fluctuates because of your borrowing and repayment history.
While calculating your Credit Score and generating a Credit Report, the bureaus
go through your borrowing and repayment history, and on the basis of them, your
credit score is calculated. It might fluctuate that increases or decreases
depending upon your repayment history.
What is the Range in Credit Score?
A Range in a Credit Score can be defined as the minimum and maximum Credit Score
that defines the credit health of an individual. The range includes a poor
credit score, average credit score, good credit score, and an excellent credit
score.
What is a Good Credit Score?
A Credit Score of 750 or above can be considered a good credit score. You will
get easy approval for loans and even enjoy a low rate of interest on debts if
you have a good credit score. The approval for the loans or credit card becomes
easier if you have a credit score of 750 and above.
What is the Basis on Which a Credit Score is Calculated?
A credit score is calculated on the basis of your repayment history. If you have
borrowed any loan in the past and you have made timely payments then your credit
score will increase. On the other hand, the lenders share your debt history with
your repayment history with the credit bureaus and on the basis of which your
credit score is calculated.
Why Does my Bank Ask for a Credit Score?
Your bank asks for a credit score because it checks your creditworthiness. The
bank determines your repaying capability of the loan by seeing your credit
score. They also determine the risk involved in lending a loan to an individual
on the basis of his credit score.
How Should I Improve my Credit Score?
You can improve your credit score through following ways:- - Make Payment of
your Loan EMIs on time. - Never skip a single EMI of your loan. - Clear your
credit card bills on time. - Avoid unnecessary loans or credit cards. - Maintain
a Credit Utilisation Ratio of less than 30%.
×
Terms & Conditions
By accepting our "Terms and Conditions" you authorize Wishfin and its associated
Partner Banks to run a CIBIL/Experian check for your profile
To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
19th Floor, One World Centre Tower-2A-2B,
841 Senapati Bapat Marg,
Lower Parel,
Mumbai – 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information
(“Consumer Credit Information”) and other related credit products (Credit
Products) offered by CIBIL through Wishfin (referred to as the “Company”) and
delivery of the Consumer Credit Information and Credit Products to the Company,
I hereby acknowledge and agree to the following:
A. The Company is my lawfully appointed agent and he / it has agreed to be my
agent for the purposes, including, without limitation, to receive the
Consumer Credit Information and Credit Products from TUCL on my behalf and
use it and the Company has granted its consent for being appointed for the
aforesaid purpose.
B. I grant my unconditional consent to the Company to receive the Consumer
Credit Information and Credit Products from TUCL on my behalf and the
Company has granted its consent for being appointed for the aforesaid
purpose. I hereby represent and acknowledge that the Terms of Understanding
in relation to the use of the Consumer Credit Information and Credit
Products has been agreed between me and the Company.
C. I hereby expressly grant unconditional consent to, and direct, TUCL to
deliver my Consumer Credit Information and Credit Products to the Company on
my behalf.
D. I agree that my consent shall be stored by the Company on a permanent basis
and shall be verifiable from time to time. I understand that the Company
cannot access the Consumer Credit Information for more than 6 months on a
single Consumer Consent and the same shall be required to be refreshed every
six (6) months. Company can store the Consumer Credit Information only for
(i) a limited time period of six months or (ii) till such time the credit
information is required to be retained to satisfy the purpose for which it
was provided or (iii) until I withdraw my consent to store such Consumer
Credit Information, whichever is earlier and thereafter, the stored Consumer
Credit Information shall be deleted, purged, expunged by the Company.
E. I shall not hold TUCL responsible or liable for any loss, claim, liability,
or damage of any kind resulting from, arising out of, or in any way related
to: (a) delivery of my Consumer Credit Information and Credit Products to
the Company ; (b) any use, modification or disclosure by the Company of the
contents, in whole or in part, of my Consumer Credit Information or Credit
Products , whether authorized or not; (c) any breach of confidentiality or
privacy in relation to delivery of my Consumer Credit Information to the
Company.
F. I acknowledge and accept that TUCL has not made any promises or
representations to me in order to induce me to provide my Consumer Credit
Information or seek any consent or authorization in this regard.
G. I agree that I may be required to record my consent / provide consent
electronically and in all such cases I understand that by clicking on the "I
Accept" button below, I am providing "written consent " to Wishfin
authorizing Wishfin to obtain my Consumer Credit Information from my
personal credit profile from TransUnion CIBIL LIMITED. I further authorize
Wishfin to obtain such information solely to confirm my identity and display
my Consumer Credit Information to me. Further in all such cases “By checking
this box and clicking on the ‘Authorize button, I agree to the terms and
conditions, acknowledge receipt of TUCL privacy policy and agree to its
terms, and confirm my authorization for Wishfin to obtain my Consumer Credit
Information and Credit Products.
H. I understand that in order to deliver the product to me, I hereby authorize
Wishfin, to obtain my Consumer Credit Information and Credit Products from
TUCL.
I. By submitting this registration form, I understand that I am providing
express written consent for Wishfin to request and receive information about
me from third parties, including but not limited to a copy of my consumer
credit report and score from consumer reporting agencies, at any time for so
long as I have an active Wishfin account. I further authorize Wishfin to
retain a copy of my information for use in accordance with Wishfin’s Terms
of Use and Privacy Policy.
J. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE”
BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
K. I shall not sue or otherwise make or present any demand or claim, and I
irrevocably, unconditionally and entirely release, waive and forever
discharge TUCL , its officers, directors, employees, agents, licensees,
affiliates, successors and assigns, jointly and individually (hereinafter
“Releasee”), from any and all manner of liabilities, claims, demands,
losses, claims, suits, costs and expenses (including court costs and
reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether
known or unknown, which I ever had, now have, or in the future may have
against the Releasee with respect to the submission of my Consumer Credit
Information or Credit Products and / or my decision to provide TUCL with the
authority to deliver my Consumer Credit Information and Credit Products to
the Company . I agree to defend, indemnify, and hold harmless the Releasee
from and against any and all Losses resulting from claims made against TUCL
L by third parties arising from and in connection with this letter.
L. I agree that the terms of this confirmation letter shall be governed by the
laws of India and shall be subject to the exclusive jurisdiction of the
courts located in Mumbai in regard to any dispute arising hereof. TUCL is
entitled to assign its rights hereunder to any third person without taking
my prior written consent.
Yours faithfully,,
Signature :____________________________
Name :____________________________
Address : ____________________________
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