A credit score is a reflection of the creditworthiness of an individual, which states the probability of repaying borrowed money. We can calculate it based on parameters like credit history, payment history, types of credit accounts, and the amount of outstanding debts. Through credit scores, lenders establish the risk of lending their money to a particular person. Higher scores typically indicate lower risk, enhancing the likelihood of obtaining loans with favourable interest rates.

How & Where To Check the CIBIL Score
 

To check your CIBIL score, visit the official website and click on the "Get Your Free CIBIL Score" link. Provide your email address, name, password, and additional information like PAN number and phone number. You will receive a one-time password (OTP) to access your credit score. The official CIBIL website only offers free credit reports once a year. You can also view your credit score and report using mobile applications like OneScore.

Checking your CIBIL score is crucial when applying for personal loans, as lenders rely on your ratings to assess creditworthiness. OneScore offers personal insight into credit patterns, personalized recommendations, and real-time alerts on credit report changes. This comprehensive tool is valuable for maintaining or improving credit health.