Know The Key Insights Of Cibil Score For Personal Loan

Know The Key Insights Of Cibil Score For Personal Loan

Are you someone who is willing to avail a personal loan so as to meet your varied needs? If yes, in order to get this credit facility, all you need to know about a cibil score.

Now you must be wondering why knowing about the cibil score for personal loan is important here? Wanna know more insights of the same, let’s read the article below:

Importance of a Cibil Score while Availing a Personal Loan

The moment you apply for a personal loan, one of the most important things that play a crucial role in availing the same is none other than your three-digit numeric summary. Yes, the moment, a lender receives a loan application, the first and foremost thing it does is to check the score of an applicant. And, why not, after all, knowing the same is important that actually helps the lender to have a quick access to an applicant’s credit profile and repayment record.

If we talk more about the PL, it is an unsecured credit facility which does not require any security/collateral thus it is important for lenders in such a scenario to rely on the credit profile of an applicant. Usually, a score of 700 or above out of 900 is considered to be good enough in grabbing the best deal. If an individual is having a good score, it shows that he/she can be trusted. The better score an individual has, the more it works in his favour in enjoying a better deal. This is the reason that why many borrowers prefer to check their score so as to know whether they are eligible for a better deal or not.  So, here comes the question,i.e. how to check the score online?

How to Check Your Score Online?

You need to login to the official website of a credit agency by using your credentials. Soon after login and successful verification of the documents, you would be able to know your score in just a few simple and quick steps. You can either check your score via PAN Card or WhatsApp. So, let’s just know step-by-step process of the same in the article below:

Know Your Score via PAN Card

With the help of having a Permanent Account Number and by entering a few details, you can know your score in just 2 minutes.

Step 1: Go to CIBIL score page

Step 2: Enter your Name as per PAN Card

Step 3: Mention correct Date of Birth

Step 4: Select Gender

Step 5: Provide PAN Card number

Step 6: Enter contact details such as email address, residence address and mobile number

Step 7: Agree to the terms and condition

Step 8: Click on the submit button

Know Your Score via WhatsApp

India’s first ever process to check your cibil score for loan on WhatsApp. Wanna know more, go through the steps below:

Step 1: Give a missed call to +91-8287151151

Step 2: Mobile Number will be added to WhatsApp Chat

Step 3: Mention your Name, Date of Birth & Gender

Step 4: Enter your PAN Number

Step 5: Provide your complete residence address

Step 6: Enter your Email ID

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