A CIBIL score, issued by TransUnion CIBIL, is a three-digit number that reflects an individual's creditworthiness. Lenders in India, including banks and financial institutions, use it to assess how responsible a person is with credit before approving loans or credit cards.

Why monitoring your credit score matters

Keeping track of your credit score regularly gives you better control over your financial health. It highlights areas where you're doing well and areas where you need improvement. By staying informed, individuals increase their chances of being approved for financial products such as credit cards and loans.

How to check CIBIL score

  • To access your credit score, visit the official website at www.cibil.com/freecibilscore.
  • Click on ‘Get Free CIBIL Score and Report’. This option is available free once per calendar year.
  • After selecting the free score option, you’ll be redirected to a registration page.
  • Fill in basic personal information to sign up.
  • Verify your identity either by entering an OTP sent to your registered mobile number or by answering security questions.
  • If you already have an account, simply log in.
  • Once verified, your credit score and report will be displayed.
  • To get detailed insights beyond the free report, users can opt for paid versions with applicable charges.

How to improve your CIBIL score

Pay EMIs and credit card dues on time

Delays or missed payments can lower your credit score and lead to penalties. Setting up auto-payments or reminders can help maintain a good repayment record.

Choose longer repayment tenure

Opting for a longer tenure for loans results in smaller EMIs, making it easier to repay on time. Consistent on-time payments will gradually enhance your credit score.

Avoid excessive borrowing

Taking out multiple loans simultaneously signals financial stress. Instead, repay one loan fully before applying for another to maintain or improve your score.

Manage credit card usage

Keep your Credit Utilisation Ratio below 30%. Using your credit card for every transaction and nearing the limit can negatively affect your score.

Review your CIBIL report monthly

Errors in your report can lower your score. Regular checks help you spot inaccuracies early. If any discrepancy is found, it can be corrected by submitting a CIBIL dispute resolution form online.