How To Know CIBIL Score: At present, friends, we all need a loan for any work, be it household work or personal work. Friends, your CIBIL score matters a lot to get a loan, your score determines how much loan you will get, in today’s article we will know how you can know your CIBIL Score through your mobile phone, step by step information given in today’s article. is The better the CIBIL score, the more benefits you get in taking a loan.
What is CIBIL Score?
Your credit score, also known as CIBIL score, is a measure of your creditworthiness. It comes in the range of 300 to 900. Your credit score is calculated based on a variety of factors, including how many loans you’ve taken out, whether you’ve paid your installments on time, and your credit card bill payment history. It also takes into account whether you have had any loan installments bounced due to non-payment. Your credit score can be categorized by number as follows:
Excellent credit (750-900): If your credit score falls in this range, it indicates that you have a strong credit history and are likely to be viewed by lenders as a low-risk borrower. You’ve managed your credit responsibly, paid bills on time, and have a good credit record.
Good Credit (700-749): A credit score in this range indicates that you have a solid credit history and are generally considered a reliable borrower. You are responsible for your credit, but your credit history may have minor issues.
Fair Credit (650-699): A credit score in this range indicates that you have an average credit history. You may face some challenges while applying for a loan or credit card and the interest rates offered may be high.
Poor Credit (600-649): Falling into this range means you have a below-average credit history. Lenders may view you as a higher credit risk, and obtaining a loan or credit card may be more challenging.
Bad Credit (300-599): A credit score in this range is considered poor, and indicates a high credit risk. Getting approved for a loan or credit card can be difficult, and interest rates are likely to be very high if approved.
Having a good credit score is important when you want to borrow money, as it affects the terms and interest rates you can secure. It is important to maintain a positive credit history by paying on time, managing your credit responsibly, and avoiding defaults or late payments.
How To Know CIBIL Score ?| How to know your cbil score?
You can check your CIBIL score or credit score through various methods including websites and mobile apps. If you have SBI YONO or internet banking, you can access your credit score through them. However, one of the most convenient apps that many people use is Google Pay. Here are the steps to check your full name CIBIL score on Google Pay free of charge:
- First of all the Google Pay app on your phone. open
- Then go to Check Your CIBIL Score For Free option given below.
- In that, give OK on the Check Your Score Now option.
- Then in the next option it will ask to enter the name as per your PAN card.
- After submitting the required required information, your Cbil score will be available.