Unlimited benefits with a start-to-finish digital process with IDFC First Bank Home Loans
The only FASTag with triple benefits
Whether you are applying for a loan or a credit card, your CIBIL score plays a major role in your application and approval process. Having a good CIBIL score is essential. But what exactly is a CIBIL score and how can you find out your CIBIL score for free? Here’s more information:
The Credit Information Bureau India Ltd. (CIBIL) is authorised by the RBI to generate a detailed credit record of an individual. A CIBIL score or a CIBIL report indicates your credit information and creditworthiness with a three-digit number, on a scale of 300-900. The score is calculated based on your loan and credit repayment history. Banks and non-banking financial companies (NBFCs) take this score into account when you apply for a loan or a credit card with them.
A CIBIL score of between 700-900 is a good score. A good CIBIL score can simplify and speed up your loan application process. At IDFC FIRST Bank, a good credit score ensures you receive maximum rewards and rich benefits.
A score of above 750 puts you in a solid position to avail of personal loans, home loans and auto loans at low interest rates. A good credit score also gives you access to some of our premium products. You can get any of our top credit cards with a score of 750 or above.
Furthermore, our credit cards shield you against emergencies and offer exciting cashbacks that ensure maximum savings. From frequent international travellers to millennials, we offer credit cards for everyone.
To get your free CIBIL report and CIBIL score, follow these steps:
A good CIBIL report is a gateway to exciting benefits. At IDFC FIRST Bank, a good CIBIL score can help you grab personal loans and home loans at low interest rate, get the best credit cards, and avail of personalized offers.
Always pay your dues on time. Whether it is paying credit card bills or repayment of loans, ensure timely payments to get a good record in your CIBIL report.
To maintain a good CIBIL score, remember these three things:
Keeping track of your CIBIL score and paying all the dues on time will help you maintain a great CIBIL report, which will, in turn, help you get the best deals from banks.
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.