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A Quick Way to Check Your CIBIL Score

Check your CIBIL score for a Personal Loan to ensure a smooth approval process. Poonawalla Fincorp also offers you the opportunity to download the report instantly. We take utmost care of data privacy, and your information is completely safe with us. Know your CIBIL score in advance for a seamless Personal Loan application. Check now!

Give Wings to Your Dreams with Exclusive Personal Loan Offer for You

​Importance of CIBIL Score to Get Loan Approval

  • Loan Amount Eligibility: A good credit score demonstrates your ability to manage credit effectively. It also may allow you to avail of a high loan amount. 
  • Approval of Unsecured Loans: Get a Personal Loan without pledging any collateral with a strong credit score.  
  • Interest Rate Determination: Qualify for lower interest rates with a good CIBIL score, and enjoy an overall reduced cost of borrowing. 
  • Negotiating Power: Increase your negotiating power for favourable loan terms, including repayment tenure and processing fees. 
  • Faster Approval Process: Experience a faster and smoother loan approval process, as it demonstrates a good repayment ability. 

Minimum CIBIL Score Required

The minimum CIBIL score for a Personal Loan is 750. Having a good score increases your chances of getting swift loan approval and favourable terms. A score of 750 and above may also qualify you for a higher loan amount at a lower interest rate. 

CIBIL Score Range

 CIBIL Score Range 

Rating 

300 - 499  

Poor  

500 - 649 

Average  

650 - 749  

Good  

750 - 900  

Excellent  

​Factors Affecting Your CIBIL Score

  • Timely repayments 
  • Debt-to-income ratio 
  • Outstanding debts 
  • Credit history and length  
  • Number of credit applications 
  • Credit Utilisation Ratio (CUR) 
  • Errors or discrepancies in your CIBIL report 
  • Credit mix 

​Ways to Improve Your CIBIL Score

  • Scheduling auto payments or set payment reminders 
  • Maintaining a healthy credit mix  
  • Keeping a credit utilisation ratio below 30% 
  • Clearing your outstanding debts 
  • Avoiding multiple loan applications 
  • Keeping your old accounts open  
  • Checking your credit report regularly 
  • Reporting inaccuracies (if any) 

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

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Frequently Asked Questions

​​​1. What is a good CIBIL score for a Personal Loan?

A good CIBIL score for a Personal Loan is 750 or above. This score indicates good debt management abilities and a strong credit history, enhancing the chances of loan approval with favourable terms. 

​​​2. How does my CIBIL score affect the interest rate on a Personal Loan?

A higher CIBIL score often qualifies you for lower interest rates on personal use loans. Lenders perceive high scores as indicative of lower default risk, thus offering competitive interest rates.

3. ​​​How can I improve my CIBIL score to qualify for a Personal Loan?

Improve your CIBIL score by following these tips: 

  • Pay EMIs and credit card bills on time 
  • Reduce your outstanding debts 
  • Have a credit mix 
  • Maintain a low credit utilisation ratio (below 30%) 
  • Avoid multiple loan applications at a time 
  • Regularly check your credit report for errors 
4. ​​​How often should I check my CIBIL score before applying for a Personal Loan?

It is advisable to check your CIBIL score regularly before applying for a Personal Loan. This gives you enough time to address any discrepancies and make efforts to improve your score if needed. 

5. How do you check your CIBIL score for free?

Check your CIBIL score for free and in under 2 minutes with Poonawalla Fincorp by following these 3 simple steps: 

Step 1: Click on ‘Check Free CIBIL Score’. 

Step 2: Enter your name, mobile number, PAN number, DOB and address. 

Step 3: Click on ‘Submit’.