Credit Information Bureau (India) Limited (CIBIL) maintains credit related records such as loans, overdrafts and credit cards of the individuals. With the help of this data, it calculates CIBIL Score which is a 3-digit number showing credit worthiness and financial health of a person. Banks and other types of lenders require this score as an efficient and readily available source to information and use it during loan approval process to filter out loan applications.
One can easily check his/ her CIBIL Score and also get CIBIL Credit Report to know his/ her credit worthiness. Each credit bureaus including CIBIL has been mandated by the RBI to provide 1 free credit report in a year to any individual. However, you may need to check your credit score in order to get updated information of your credit score. You can check your CIBIL score in free from CIBIL website by paying a nominal fee, in case you want to check it more than one time.
In order to check your CIBIL Score in India, you need to follow all the steps as outlined below: