Credit Score

How Can I Check My CIBIL Score for Free?


The Credit Information Bureau (India) Ltd provides the CIBIL score. It is a credit rating agency authorised by the Reserve Bank of India for this purpose. Your CIBIL score is accessible to you, banks as well as non-banking financial companies. MyCIBIL is the platform where you can avail all CIBIL-related services. You can also check your CIBIL score online here. The score is based on your credit history. It includes loan repayment history and credit card payment records. A credit score is a three-digit number and ranges between 300 and 850. It reflects how credit-worthy you are. Any financial institution will likely consider your credit score before granting any loan or issuing a credit card. 

How To Check CIBIL Score? 

You can follow these simple steps to check your CIBIL score. 

Step 1

Visit the official website of CIBIL at 

Step 2

Select the option ‘Get your CIBIL score’.

Step 3

You will be prompted to enter your details, including your email ID, name, and password. You will have to provide identity proof at this stage. It can be anything from a PAN card, Aadhar or Voter ID card. Next, you must enter your PIN code, date of birth, and phone number. 

Step 4

After filling in all the details, click on ‘accept and continue’. 

Step 5

You will receive an OTP on your mobile number. Enter this OTP and press ‘Continue’. 

Step 6

You will receive a message that you have successfully enrolled to check your CIBIL score. From here, you can visit a dashboard. It displays your credit score. You can also perform a few easy steps on MyCIBIL to check your credit score similarly. 

Step 7

It will take you to the website –

Step 8

Click on ‘member login’ option. After logging in, you will be able to check your CIBIL score. 

On the MyCIBIL platform, you can access your latest CIBIL score. 

What is the Range of Credit Scores? 

Checking your CIBIL score helps to evaluate your ability to pay back any amount that you have borrowed. Only those with a high credit score are considered trustworthy credit applicants. Check this table to understand what your score on MyCIBIL means. 

300 – 549 It is the lowest MyCIBIL score. You might have defaulted on your credit card payments or loan EMIs. Your risk of turning into a defaulter is very high.
550 – 649 It is a fair credit score range. But at the same time, it suggests that you are struggling to meet your debt obligations.
650 – 749 This score indicates good credit behaviour. You are likely to get easier loan approvals and credit cards. But banks may not still be willing to give you the best interest rates. Also, you may not be able to negotiate for the same.
750 – 900 This is an excellent credit score. It shows that you are very punctual about repaying your debt. Your risk of turning into a defaulter is the lowest. You are likely to get a loan or credit card easily. You will also be able to negotiate for better rates of interest with lending institutions.

Why Should You Aim to Maintain a Good Credit Score? 

Here are some of the most important reasons why you should try to maintain a good credit score:

  1. With a good credit score, you are more likely to be considered eligible for a loan. A good credit score conveys your creditworthiness to lenders. It means that you pay your bills on time. Thus, it leaves a good impression on financial institutions, which may be more willing to sanction a loan. 
  2. You will become eligible to get pre-approved loans. A good and long credit history improves your chances for the same. Approval for such loans can be obtained quickly. Also, the processing time for such loans is nearly zero. 
  3. You can enjoy the benefit of lower interest rates. Usually, when you apply for a loan with a good credit history, you can negotiate with the lender for a lower interest rate. 
  4. Lenders will be willing to give you credit cards. These cards usually carry heaps of benefits and attractive offers. These cards also come with several benefits. 
  5. A good credit score also gives you the benefit of higher credit card limits. 

How Is Your Credit Score Calculated? 

The following factors impact the calculation of your credit score. 

  • Almost 35% of your credit score is based on your payment history. It shows how timely you are at making payments. It includes any missed payments as well. 
  • The amount that you owe. At any point, your existing number of loans and credit cards also determine your score. 
  • The length of your credit history. It means the time you have been holding a credit card or have taken a loan. 
  • A mix of products like home loans, multiple credit cards, and instalment loans help to increase your credit score. 


It is easy to check your CIBIL score. Lenders usually check your CIBIL report, payment history, and employment status to determine how much money they can loan you. You must attempt to improve your credit score as early as possible. To know why it is important to maintain a good credit score and how you can check your score on MyCIBIL, head to Piramal Finance. It is an optimum platform for all financial knowledge and information.