How to check CIBIL™ score for free

Your CIBIL™ score will help SBI to determine whether you fall within the eligibility criteria or if it can decrease your chances of approval. Normally, SBI fetches your CIBIL score directly from CIBIL™ at the time of application processing, and retains this report with your loan documentation. Applicants can ask for a copy of this report to understand their financial health. However, how can non-SBI Customers or non-loan applicants get their CIBIL™ Score from SBI? This guide will explain how you can get the SBI CIBIL™ score check for free, if that is what you are looking for.

Why Checking Your CIBIL™ Score Matters Before Applying for SBI Loans?

• Influence on Loan Approval: SBI considers your CIBIL™ score as one of the primary parameters when rejecting or approving loans.
• Impact on Interest Rates: Having a good CIBIL™ score can ensure you avail loans at lesser interest rates, which can mean big savings in the long run!
• Better Financial Planning: Knowing your CIBIL™ Score can help you take steps to improve your credit score before applying for a loan. This in turn increases your chances of getting approved for a favourable loan. You can use the SBI Free CIBIL™ Score facility for FREE and stay ahead in your financial planning.
• Improved Credit Awareness: By keeping an eye on your CIBIL™ score, you would be alerted in case of any mistakes, issues, discrepancies or identity theft which is crucial for maintaining a healthy credit profile.

Click here to learn more about ‘The 6 Benefits Of Checking CIBIL™ Scores Online’

How to Check Your SBI CIBIL™ Score as an SBI Loan Applicant?

• Automatic CIBIL Check: While submitting a loan application at SBI, the bank checks your CIBIL™ score as part of the loan application process. This score is the basis for SBI for granting approval.
• Score Kept with Loan Documents: The retrieved CIBIL™ score is stored with your loan paperwork. The Score is only for the internal purpose of SBI, but it becomes a part of your Loan records.
• Request a Copy: As the loan applicant, you can ask for a copy of the CIBIL™ score. This will help you to understand what score was used in granting the loan and keep record of your credit.

Interesting Read: Credit Score Ranges Everything You Need To Know

How to Check Your CIBIL™ Score through SBI General Insurance Portal (for Both SBI and Non-SBI Customers)

SBI offers a free CIBIL™ score check service through its SBI General Insurance portal, which enables SBI customers and non-customers alike to access their credit score online without having to pay for it. You can use this facility even if you have not applied for any loan with SBI.

1. Visit the SBI General Insurance official website.

2. From the top menu bar, click on ‘Quick Links’, and choose ‘View All Links’.

3. This will open the ‘Quick Assist’ page. On top of the page, you will see the button ‘Check Your Credit Score’. Click on that.

4. You now have to enter your name, mobile number and email address in the given fields. It will autofill your PAN number based on these details. Check if it the PAN details are correct and click on ‘Check your Credit Score’.

5. It will send an OTP to your mobile number. Enter it.

6. Your credit score will be displayed on the next screen.

How to Check Your CIBIL™ Score via SBI YONO App or the SBI Credit Card Portal?

SBI Credit card holder can easily check their CIBIL™ score using SBI Card platform. Users can access this real-time feature through their SBI Card mobile app and the SBI Card online portal. The scores can be viewed under a cardholder's profile on their SBI Card account and is a simple way to stay updated with your credit health.

1. Login to your SBI credit card account through the SBI Card online portal or the SBI Card mobile app.

2. Click on your profile.

3. You will see the option ‘Credit Score’. Click on this.

4. Your latest CIBIL score will be displayed.

Disclaimer: The process to apply, and all other information specified above are as of when this page was written and are subject to change. For exact information, contact the bank or refer to the official website.

Alternative Ways to Check Your CIBIL CIBIL™ Score Outside of SBI

If you don't want to rely on any of SBI's sites or portals to check your CIBIL™ score, there are other online available options. These alternatives may be useful for someone in need of more detailed data or extra insights about their CIBIL™ Score.

Method 1: Check Directly on the CIBIL Website

Visit the CIBIL Website: Start the registration process on the official CIBIL™ website.

Provide Personal Details: Enter personal details such as your PAN number, date of birth and contact details to verify your identity.

Choose Between Free or Paid Options: CIBIL™ offers one free credit report in a year. So you can get your first CIBIL score for free. If you plan to check your CIBIL™ score regularly, you can opt for one of their paid plans too.

Access Detailed Reports: Once successfully verified, your credit score is generated and shared with you.

Method 2: Use the CreditMantri Website

Another option to access your credit score is through CreditMantri. We offer a free credit score check

Click here to Check your Credit Score for Free at CreditMantri today!

Why Should You Check Your CIBIL™ Score Regularly?

Your CIBIL™ score is an indication of your credit management & overall financial health. Regular checks help you to keep track of your credit status and take timely action to increase it. When you are planning to apply for loans or credit cards, this is particularly important. A high CIBIL™ score not only improves your chances of loan approval, but also gets you better terms, including lower interest rates and higher credit limits. Regularly checking how your credit score stacks up will save surprises or being turned down for credit when you need it.

What to Do if Your CIBIL™ Score is Low?

If your CIBIL™ score is lower than desired, the first thing to do is understanding the factors behind so that you can take corrective action.

• Pay Off Outstanding Debts: Reduce the outstanding balance on your loans and credit cards to show better financial management.
• Pay Credit Card Bills on Time: Regular on-time payments boost your score over time.
• Limit New Credit Applications: Applying for too many loans or credit cards in a short span of time could indicate that your are credit hungry, making you a credit risk for lenders.
• Maintain a Healthy Credit Utilization Ratio: Utilizing less than 30% of your available credit shows that you are good at managing credit, improving your chances for loan approval.
• Monitor for Errors: Check your CIBIL™ score regularly to catch any errors and deal with any discrepancies (such as errors or fraud) in your report early on before they affect your CIBIL™ score adversely.

FAQs on SBI CIBIL™ Score Check

Disclaimer

The 4 credit bureaus- CIBIL™, Equifax, Experian, and CRIF Highmark offer credit reports in India. The points mentioned above are true for credit reports from any bureau.