Run a CIBIL Score Check Online and check your loan eligibility
Whether you want to plan your dream wedding or buy the latest gadgets, financing it from your savings would be fatuous. This is where a personalised loan can come in handy. A Personal Loan comes with flexible tenures of repayment and is generally paperless. It is approved quickly, and banks disburse funds speedily. Plus, you do not have to pledge any collateral. So, on what basis do lenders grant a Personal Loan? Essentially, the lender runs a CIBIL score check. Let us learn more about the CIBIL score in this article.
The Credit Information Bureau India Limited (CIBIL) is the most renowned credit information company licensed by the Reserve Bank of India. The CIBIL or credit score is essentially a 3-digit numeric indicator that measures your credit history. The credit score ranges between 300 and 900 and is based on your previous repayment of loan and credit card dues. Your lender/bank provides your credit details to CIBIL that displays the details in the form of a numeric score. Before you apply for a loan, you must conduct a CIBIL score check online by following some simple steps as mentioned below.
Before running a CIBIL score check, you need to create your account on the CIBIL website by following the steps below.
You can also opt for paid CIBIL check paid plans.
So, remember to conduct a CIBIL score check online before applying for loans. You can easily find out your credit score online on the CIBIL website. You can check your CIBIL score for free the first time and then select your preferred payment plan.
Download the digibank mobile app on your smartphone. Launch the app and click on the "Get Personal Loan" link on the login page. Also, open your savings account with us.
*Disclaimer: This article is for information purposes only. We recommend you get in touch with your income tax advisor or CA for expert advice.