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. 

Difference Between a Credit Score and a CIBIL Score

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.

Credit Score – Check Free CIBIL Score Online

Findeal is the best way to check your CIBIL Score for Free, as 6.5 million satisfied users have already been discovered! On Findeal, 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. Findeal 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, Findeal 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 Findeal?

Findeal is the official partner of TransUnion for giving authentic and accurate CIBIL Scores. Findeal 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 Findeal 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 Findeal 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 Findeal.

Plus, no need to do it again. Next time you want to check your score, all you have to do is log in to Findeal with OTP using your registered mobile number, and you’re good to go!

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