In the financial world, your credit score is a critical aspect that significantly influences your ability to secure loans and credit cards. Fortunately, checking your CIBIL score has become more accessible, thanks to the Reserve Bank of India's mandate that allows individuals to obtain one free credit score and credit report every year. In this step-by-step guide, we'll walk you through the process of checking your CIBIL score online for free.

Step 1: Visit the CIBIL Website

Start by navigating to the official CIBIL website. This ensures that you are accessing your credit information from a reliable source.

Step 2: Fill Out the Form

Once on the website, you'll find a form that requires your essential information. Fill in details such as your name, contact number, and email address. After completing this, click on "continue to step 2."

Step 3: Provide Additional Information

In the next step, you'll be prompted to enter additional details, including your PAN number. Ensure that you input your PAN details accurately to proceed to the next stage.

Also read: Why is CIBIL Score Important for Loans

Step 4: Answer Questions About Your Finances

Answer all the questions accurately regarding your loans and credit cards. Your responses here will contribute to the calculation of your CIBIL score, and a completed credit report will be generated based on this information.

Step 5: Choose Your Subscription (Optional)

After completing the main steps, you may be suggested various paid subscriptions if you need more than one report in a year. If you're only seeking a one-time, free credit score and report, proceed to select "No Thanks" at the bottom of the page. This confirms your account creation.

Step 6: Log In to Your Account

Use the login and password created in Step 2 to access your account. To proceed further, you'll need to authenticate yourself. An email will be sent to your registered account with a one-time password. Click on the link in the email and enter the provided password. You will then be prompted to change your password before logging in again.

Step 7: Update Your Personal Details

Once logged in, your personal details will be auto-populated by default. If any fields are not auto-populated, provide accurate information. Enter your contact number and click submit.

Step 8: View Your CIBIL Score

Upon submitting the form, your dashboard will be revealed, displaying your CIBIL score. Additionally, you can access your credit report directly from the dashboard.

While obtaining your credit score annually is crucial, it's advised not to check it only once. Monitoring your credit report regularly allows you to stay informed about any changes. Banks, financial institutions, and credit agencies update reports on a monthly basis, and staying vigilant helps you track fluctuations and maintain a healthy credit score.

To ensure a positive credit score, it's essential to understand the factors that impact it. Keep an eye on constraints, factors, and overall recommendations that contribute to maintaining a robust CIBIL score. By following these steps and staying informed, you empower yourself to make informed financial decisions and build a strong credit profile.

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Disclaimer:

The contents of this article are for information purposes only and not a financial advisory. The information is subject to update, revision, and amendment and may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Godrej Capital or its Affiliates to any requirements. Godrej Capital or its Affiliates shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any decisions, financial or otherwise based on the contents and information mentioned. For more information, please visit www.godrejcapital.com