7 Mobile Apps to Check Credit Score for Free in India [2024]
In today’s fast-paced digital world, where financial transactions are becoming increasingly effortless and accessible, a good credit score is paramount. Your credit score is a three-digit number that reflects your creditworthiness and serves as a vital determinant in securing loans, credit cards, or even favorable interest rates. Whether you’re planning to apply for a loan or want to keep an eye on your financial health, staying updated on your credit score is crucial.
Thankfully, gone are the days when checking your credit score was a cumbersome and expensive process. With the advent of technology, numerous mobile apps now offer the convenience of checking your credit score for free, right at your fingertips. In India, where financial literacy is gaining momentum, these apps have become indispensable tools for individuals seeking financial stability and control.
In this blog, we will explore seven mobile apps that allow you to access your credit score without incurring any costs. These apps are reliable, secure, and offer valuable insights into your credit history, empowering you to make informed decisions about your financial future. So, let’s dive into the world of credit scores and discover the top mobile apps that put you in the driver’s seat of your financial journey.
1. CreditMantri
CreditMantri is a leading financial technology company that offers a range of valuable services to help individuals manage their credit and financial health.
Through its user-friendly platform, CreditMantri provides access to credit scores, credit reports, and personalized financial insights to empower users with a deeper understanding of their creditworthiness.
By partnering with major credit bureaus, CreditMantri offers free credit scores and detailed credit reports, enabling users to monitor their credit profiles regularly.
Check your free credit score now and stay on top of your financial health!
It offers credit improvement Services and expert guidance to help users take steps towards building or rebuilding their credit scores.
CreditMantri provides tailored recommendations and suggestions to improve their credit health, such as managing credit card balances, settling outstanding debts, and making timely bill payments.
CreditMantri’s array of services also extends to personalized loan and credit card recommendations. By matching users with suitable loan and credit card options based on their credit profiles, the platform simplifies the borrowing process and increases the likelihood of approval.
Overall, CreditMantri strives to empower individuals with greater financial control and knowledge to ultimately achieve their financial goals.
Top 5 features of CreditMantri:
- Get access to your credit score and detailed credit report at no cost.
- Receive guidance and tools to improve your credit score and financial health.
- Receive tailored loan and credit card recommendations based on your credit profile.
- CreditMantri caters to individuals with limited credit history or facing credit challenges.
- Benefit from expert advice and insights to make informed financial decisions.
2. Wishfin
Wishfin is a relatively new and promising company that has been creating waves in the market recently. It operates as an online marketplace, providing a diverse range of financial services and products to consumers. The platform facilitates easy comparisons and applications for personal loans, credit cards, and home loans from multiple banks and lenders.
Additionally, users can invest in mutual funds, access insurance options, and monitor their credit score and report through the website.
Wishfin’s financial calculators aid users in planning their finances effectively, making it a comprehensive destination for various financial needs.
Top 5 features of Wishfin:
- Personal Loans: Wishfin allows users to compare and apply for personal loans from various banks and financial institutions.
- Credit Cards: The platform offers a comparison of different credit card offers and helps users apply for the one that suits their needs.
- Home Loans: Users can compare and apply for home loans from different banks and lenders.
- Mutual Funds: Wishfin provides a platform for users to invest in mutual funds and track their investments.
- Insurance: The company also offers insurance products, including health insurance, life insurance, and motor insurance, among others.
3. CRED
CRED is a well-known Indian fintech company that was founded in 2018 and is headquartered in Bangalore, Karnataka. The company operates as a credit card management platform, offering a range of services to its members.
CRED stands out for its credit card bill payment service, allowing users to make timely payments and earn rewards points, encouraging responsible credit card usage.
In addition to facilitating credit card management, CRED introduces its own virtual currency called “CRED Coins,” which users earn when they make credit card payments through the platform.
These coins can be redeemed for various rewards and offers, providing additional incentives for using CRED’s services.
The company also extends exclusive offers and deals to its members, curating benefits from partner brands such as discounts and cashback offers.
Moreover, CRED provides credit score tracking, allowing users to monitor and assess their credit health, an essential aspect of personal finance.
Top 5 features of CRED:
- Credit Card Management: CRED provides a centralized platform to track credit card spending, due dates, and rewards, making credit card management more efficient.
- Credit Card Bill Payments: Users can pay their credit card bills through CRED, earning rewards points for each payment and encouraging timely payments
- CRED Coins: CRED introduces its virtual currency, CRED Coins, which users can earn when making credit card payments and redeem for various rewards and offers.
- Exclusive Offers: CRED offers curated deals and exclusive rewards from partner brands, including discounts and cashback offers.
- Credit Score Tracking: CRED provides users with access to their credit score, allowing them to monitor and manage their credit health effectively.
4. PaisaBazaar
Paisabazaar is a prominent financial technology (fintech) company in India, revolutionizing the way consumers access and manage financial products and services.
The company operates as an online marketplace, offering a comprehensive range of financial products and services to its users.
Paisabazaar’s key services include loan comparison and applications, providing users with a convenient platform to compare and apply for personal loans, home loans, education loans, and more from various banks and lenders.
The company also extends its services to the insurance sector, enabling users to explore and purchase health insurance, life insurance, motor insurance, and travel insurance policies based on their preferences and requirements.
Paisabazaar offers various investment options, including mutual funds, fixed deposits, and recurring deposits, providing users with opportunities to grow their savings and build a robust financial portfolio.
One of Paisabazaar’s essential features is its credit score and report service, enabling users to access their credit score and obtain detailed credit reports. This helps users understand their creditworthiness and financial standing, aiding them in making informed financial decisions.
Top 5 features of Paisabazaar:
- Loan Comparison and Applications
- Credit Card Comparison and Applications
- Insurance Products
- Investment Options
- Credit Score and Report Access
5. CIBIL™ Score
CIBIL™ (Credit Information Bureau India Limited) is one of the leading credit information companies in India. It plays a crucial role in the country’s financial system by providing credit-related information and scores to lenders, financial institutions, and individuals. CIBIL™ collects and maintains credit data from various credit institutions, such as banks, credit card companies, and non-banking financial companies.
The primary service offered by CIBIL™ is the generation of credit scores and credit reports for individuals and businesses.
CIBIL™ also provides credit reports, which contain detailed information about an individual’s credit history, including credit accounts, loan repayment patterns, credit inquiries, and any defaults or delinquencies.
Additionally, CIBIL™ offers various analytical tools and solutions to financial institutions to manage credit risk effectively. These tools assist lenders in evaluating the creditworthiness of potential borrowers and managing their loan portfolios prudently.
Over the years, CIBIL™ has become a trusted source for credit-related information in India, helping millions of consumers and businesses access credit and financial services more easily and efficiently.
Top 5 features of CIBIL™ Score:
- Credit Score Generation (ranges from 300 to 900)
- Credit Report Access (provides detailed credit history)
- Credit Monitoring and Alerts (detects changes in credit report)
- Verification Services for Lenders (assists in loan application evaluations)
- Risk Management Solutions (helps lenders assess and mitigate credit risks)
6. Paytm
Paytm is a leading Indian financial technology company, founded in 2010. Over the years, Paytm has grown into one of the most prominent players in the digital payments and e-commerce industry in India.
One of Paytm’s core offerings is its mobile wallet, which allows users to store money digitally and make cashless transactions for various services like mobile recharges, utility bill payments, DTH recharges, and more.
Apart from being a digital payments platform, Paytm ventured into various other services, including online shopping through its e-commerce marketplace. Customers could buy a diverse range of products, including electronics, fashion, home essentials, and more, directly from the platform.
Paytm expanded its financial services by introducing Paytm Payments Bank, which allowed users to open savings and current accounts, avail banking services, and earn interest on their deposits.
Paytm also introduced Paytm Money, a platform that enabled users to invest in mutual funds and buy digital gold, making it more convenient for users to grow their savings and investments.
Top 5 features of Paytm:
- Mobile Recharge & Bill Payments
- Digital Wallet
- Online Shopping
- QR Code Payments
- Ticket Booking & Entertainment
7. Bankbazaar
BankBazaar is an Indian online financial marketplace that has gained popularity for its comprehensive range of services catering to consumers’ diverse financial needs. With a user-friendly interface, BankBazaar allows individuals to easily compare and select from a plethora of financial products.
Their services cover a wide spectrum, including loan comparison for personal, home, car, and education loans, along with credit card comparisons, enabling users to find the best-suited options tailored to their preferences and requirements.
Additionally, the platform extends to insurance products, providing users with the ability to compare health, life, car, and travel insurance plans to secure the most suitable coverage. Beyond that, BankBazaar assists users in exploring fixed deposits, savings accounts, mutual funds, and other investment opportunities.
Top 5 features of BankBazaar:
- Financial Marketplace
- Easy Comparison
- Personalized Recommendations
- Credit Score & Reports
- Expert Guidance
Conclusion
These seven mobile apps provide Indian users with a convenient and accessible way to check their credit scores for free. With the insights and recommendations offered by these apps, individuals can actively work towards improving their creditworthiness and achieving their financial goals. It is important to remember that while these apps offer free credit score checks, they may also provide additional services with associated costs. Therefore, users should carefully review the terms and conditions before using these apps for any financial activities. By staying informed about their credit scores, users can take charge of their financial future and build a solid foundation for a secure financial life.
