Mistakes to Avoid When Taking a Personal Loan

If you wish to apply for the personal loan, then it is your credit score that is the first thing that lenders consider. It is because it is the mirror of your creditworthiness.

If your credit score is poor, then your personal loan application may not be approved. You need to maintain a credit score of 750 or more to get the loan approval at a lower rate.

Hence, it becomes a must to check your CIBIL score in advance before the loan application.

But can you check your CIBIL score for free? Yes, that’s possible! All that you would need to do is — go through this short post!

Here’s how you can check your CIBIL score for free online

1. Land on the official website of CIBIL
2. Click on the option that says — ‘Get your CIBIL score’.
3. You will need to create your account by entering your name, email ID, password, date of birth, mobile number and an ID proof.
4. Once you enter these details, click on the ‘Accept and Continue’ button.
5. You will need to verify the details by entering the OTP sent to your mobile number. Click on ‘Continue’ after that.
6. You will now be redirected to a new page where you will be able to see your CIBIL score for free.

Once you have created an account on the CIBIL website, you will need to login with your email ID and password to check your credit score. However, if you want to check that more than once in a year, then you will need to opt for the subscription plan.

Bajaj Finserv offers pre-approved personal loan offer and more to ease off the overall loan processing.

You can check out your customized pre-approved loan offers after sharing your basic details like the name and mobile number.

Must Read: Best Tips To Avail A Personal Loan