Check Your Credit Score in No Time!
A credit score is your financial report card. It is a signal to lenders about whether you are a responsible borrower. Built on your credit history, this score opens door to a variety of credits including loans, mortgages, credit cards, etc.
CIBIL score is assigned by TransUnion CIBIL. It is a numerical representation of your creditworthiness, which ranges between 300 and 900.
CIBIL or credit score check is recommended before you apply for any loan. We offer a free CIBIL score checker so that you can understand the range of your score. To know your CIBIL score effortlessly, use our free CIBIL score checker.
Experian score is assigned by Experian. This score is a global credit score ranging between 300 and 900. It reflects your creditworthiness based on your loan repayment history, credit utilization ratio, length of credit history, and credit mix.
Lenders use this score to evaluate your borrowing behaviour and credibility. Your Experian score impacts the loan approval process, interest rates, loan tenure, etc. A higher score leads to better loan terms as compared to a lower score. It is essential to check this score before applying for a loan. To know your Experian score instantly, use our free Experian score checker.
Benefits of Having a Good Credit Score
A high credit score helps you get quick and easy loan approvals from financial institutions. This means you can easily get the financing you need to fulfil your dreams.
With a good CIBIL score, you can negotiate better interest rates on your loans and credit cards. This means you can save lots of money in the long run.
A better credit score also reflects your loan repayment ability. This helps you secure a loan with a flexible repayment tenure.
A good score can also help you get a higher credit limit on your credit cards, which can prove to be helpful during financial emergencies. You can also make bigger purchases and enjoy better rewards and benefits.
A healthy credit score is an indication of your responsible credit behaviour and financial health. It helps you build a positive credit history, which can open up more financial opportunities for you in the future.
Note: Checking your credit score is considered as a soft inquiry and does not impact your score negatively.