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How To Get My Cibil Report Online?

    Mr. C.S. Sudheer | Wednesday, October 05,2016, 08:02 PM
 

“A good loan is a helping hand in tough times.” Wonder what’s a good loan? Simple…. home loans and education loans are considered, good loans. In the past, citizens used to avail home loans, after the age of 45. Today, young tech-savvy professionals in the twenties, avail home loans and buy their dream homes. The home loan, helps the youth in India, buy their dream home and get a head start in life.

Everything in life has a time. Schooling in India, is completed between the age of 6 to 15 years. Can you join school at the age of 20?  Definitely not….You have finished your pre-university and want to study medicine. But there’s a problem. You can’t afford the fees. Can you wait till you have the money and then join a good medical college? No….this is where the education loan, makes sure you get, good education at the right time. The value of a good loan cannot be described in words. Then there is the personal loan, which helps you get money in an emergency. You do not need to give any reason, while availing a personal loan. Yes…you need loans very badly. Banks are willing to give you loans….on one condition. You need to repay the borrowed amounts. Banks are not in the business of charity. Banks will give you a loan, only if they are sure to get back their money. This is where CIBIL steps in. What is CIBIL? Well…just read and find out.

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What is CIBIL?

Credit Information Bureau (INDIA) Limited or CIBIL, was started in August 2000. CIBIL is India’s first credit information Company. You and several citizens, avail loans from banks and financial institutions. Banks send this information, along with your repayment records, to CIBIL. CIBIL collects and maintains, all the records of you and other citizens regarding loans and credit cards, from banks and financial institutions.

Credit Information Report: Whenever you avail a loan or a credit card from any bank, your repayment information is sent by the bank, to CIBIL. This information is sent each month. CIBIL records this information and creates your Credit Information Report (CIR). CIBIL shares this report with banks and financial institutions. Now the bank is able to make a decision real time, whether to sanction your loan or not. So the next time you step into a bank seeking a loan, don’t be surprised if the bank knows more about your credit history, than you know yourself. Think of the CIR as a credit score sheet.

What is your CIBIL score?

CIBIL score is a three digit number. Well….not just any three digit number. It is a numeric summary of your whole credit history. Your CIBIL TransUnion Score, is a number between 300-900. If you have a high CIBIL score, banks regard you as a safe borrower. A low CIBIL score, makes you a risky borrower.

How to get your CIBIL report online?

You live in a Paperless World. Everything is at the click of a button or a mouse. You can easily get your CIBIL report online, through a very simple process.

  • Simply log on to CIBIL which is the Credit Information Bureau of India Limited (CIBIL) website.
  • On this website you will find “GET YOUR CREDIT SCORE.”
  • Click on this tab, to get your personalized credit score. You will be directed to here.
  • On this page you will find “I want to Subscribe to my CIBIL Score.” Tick the box, Credit Score and Report ( INR 550/-)
  • Go to, TELL US ABOUT YOURSELF. Fill in Email Address, Date of Birth, Gender and PAN.
  • After filling and authenticating your information, you will be directed to this action page.
  • You will now have to fill your First Name, Middle Name and Last Name. Fill in the Date of Birth and Gender.
  • You have to select your identity proof among Passport (Passport Number), Voter ID Number or Driver’s License Number. You can also continue with the PAN as default identity proof.
  • You then fill in details of your Address, State, City, Pincode, Telephone Type, Telephone Number and email address.
  • You then click PROCEED TO PAYMENT.

Authentication for Payment

  • You then select credit card option if you want to pay by credit card or debit card, if you want to pay by debit card.
  • An amount of INR 550 needs to be paid to get your cibil report and score.

Yes….you have found your cibil report and score. If you have a good cibil score, approach the bank with confidence and avail your loan.

Mr. C.S. Sudheer

Mr C.S.Sudheer is a management graduate. He started his career with ICICI Prudential Life Insurance and later on worked with Howden India. After his brief stint in Howden India, he moved on and incorporated Suvision Holdings Pvt Ltd which is the sole promoter of IndianMoney.com. He aims to build a nation that is financially literate with investment savvy citizens.

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