How Checking a Free Credit Score Online Helps Approve My Loan?

To get a loan there are a number of factors a user needs to take care of. And one of those is your credit score. The 3-digit number makes your loan approval faster. But how to do a credit score check. You don’t need to step out of your houses to find your credit score. With the help of online credit bureaus, you can know your credit score for free. Read the article and find out which credit bureau offers you a free credit score with no extra charges on it.

CIBIL v/s Experian which free credit score service is better?

You can know your credit score from two of the top credit bureaus Transunion CIBIL and Experian. And to compare their services and features have a look at the below pointers.

1. Free account for credit score check is provided by both Experian and CIBIL. Where the CIBIL process is in 3 steps Experian creates your account in 2 steps. 
2. Using the CIBIL, you can know your credit score only but, with Experian, you can also find someone else's free credit score.
3. For the free credit score check, you can take any of the credit bureau help according to your needs.

Use CIBIL for a one-time free credit score!

You can create a CIBIL account by giving your personal information like name, email, mobile number and PAN number. To submit all those details, you can visit the official website of Transunion CIBIL. And to do a credit score check, you don't need to pay a single penny. After knowing your credit score, you can continue your loan application process with the bank or NBFC. 

What to do if my free credit score is below 700, and the bank or NBFC requires 700 scores to approve the loan? In exceptional cases like this, the only credit bureau can help is CIBIL. The paid plans of CIBIL are much affordable compared to Experian. Range of the CIBIL plan is from INR 550 to INR 1,200 to know how to mend a free credit score.

How does my credit score improve with CIBIL?

The first thing you need to do is check the credit report. And to access your credit report subscribe to the CIBIL plan. Once you got the online credit report check it carefully and find if any errors make your credit score low. If yes, then discuss it with the credit bureau by dialing 022 6140 4300. When the report is free from errors, you can apply for the desired loan from your bank or NBFC.

Find the best loan for yourself at CIBIL. Not only can you get free credit score access from the paid CIBIL, but you can also find the right product to trust on. Based on your credit score the credit bureau will suggest some of the loan offers that are considered to your need. 

Now, you know how important a credit score is in your loan approval. So whenever you borrow a loan, don’t forget to take help from the best credit bureau to have your free credit score.