How to get your CIBIL score

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Want it for free? Apply for a home loan with a friendly Banker. Once your loan processing is under way, they would get a very detailed credit report not accessible to us directly. Take a copy of it, and you can see what cards/ loans/ other stuff have worked to impact your score.
 
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What will be the CIBIL score for a guy who has never used a credit card, never taken a loan and never used any postpaid service (so no defaulting) ?
 
I don't think it will even exist. The whole concept of the score is to judge the credit worthiness based on how you manage your secured and unsecured loans. Secured - car loan, home loan etc and Unsecured - credit card, personal loan etc.
 
sabby said:
What will be the CIBIL score for a guy who has never used a credit card, never taken a loan and never used any postpaid service (so no defaulting) ?
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there must be some score or rating based upon the kind of money you have in investments, banks etc. i don't have any further info on this.

if you don't have any plans for taking a loan in future, you can get your credit report to find out if anyone is misusing your credentials.

BTW, even if someone's CIBIL score is too high, there's no guarantee that he/she can easily get a loan or CC.
 
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Criminal said:
there must be some score or rating based upon the kind of money you have in investments, banks etc. i don't have any further info on this.

if you don't have any plans for taking a loan in future, you can get your credit report to find out if anyone is using your credentials.

BTW, even if someone's CIBIL score is too high, there's no guarantee that he/she can easily get a loan or CC.
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There is no rating unless you've taken a loan. You'll probably get some default score. If the cibil score is high, a loan will virtually be always issued - unless there is some other problem. Last time I applied for a car loan, the application was processed by SBI in 3 hours. I asked the issuing officer what is checked - she said if the CIBIL score is more than 800, a loan is pretty much certainly issued unless the loan amount is too large or there are other issues. They do not check anything else mostly. Other documents are asked for formality and process.
 
Chaos said:
There is no rating unless you've taken a loan...
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so that means poor @sabby can never take a loan because he has no rating as he hasn't taken any loan before?

i've never taken a loan either but i have a huge CIBIL score.

Chaos said:
a loan is pretty much certainly issued unless the loan amount is too large or there are other issues. They do not check anything else mostly.
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yes, that means a CIBIL score doesn't guarantee a loan.
 
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Criminal said:
so that means poor @sabby can never take a loan because he has no rating as he hasn't taken any loan before?
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Without a CIBIL score the lender will check income and other demographic details to best judge the credit worthiness and loan eligibility.

It is not necessary to have a score but it is beneficial if you want to take a loan. As it happens most of us need a housing loan at the very least. So its good to have a credit card and use it wisely/sparingly if you want to maintain a good credit score for future.

Criminal said:
yes, that means a CIBIL score doesn't guarantee a loan.
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A good score (credit worthiness) guarantees a loan but not the amount (loan eligibility) that you are looking for. That will be determined by your income and spending.
 
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^^ you're quoting wrong person :)
i am debating on 2 points:
- a loan is not necessary for building a CIBIL score and
- a good CIBIL score doesn't guarantee anything at all

there are so many ifs and buts while availing a loan, which makes CIBIL score only a bragging right. anyone earning a regular income can get a "personal" loan of few lacs.

Credit scores have much more value for mature markets, such as USA.

we are at a data-collection stage in india which makes a CIBIL report good for the following:
- finding out any discrepancies in your financial data... old/wrong/fraudulent contact details.
- to know if you have any closed CC or loan which still shows up as 'active'. this issue always creates a serious impact in getting a new loan/CC.
- to identify any frauds (fraudulent loans, CC, bank accounts in your name)

we'll definitely have to deal with credit scores in the future but currently, CIBIL is into money making mode... anyone who has had any discrepancies in their reports would know about it. it's better to get this report to sort out any issues for future use.

BTW, loan/CC inquiries by various firms temporarily reduces your score by a few points. so, if you've simultaneously approached couple of institutions for a loan/CC then it impacts your overall score.
 
Slightly OT, do I get a house loan if I am buying a plot? And extra loan for constructing?
 
^i dont think he is trying to prove anything here...Without the history of loan or CC, ideally you score would be N/A...
 
^^ if you notice, i posted that CIBIL score comment to point out that a "loan" is not necessary to create a credit history.
 
Don't even bother checking CIBIL on paisabazaar or whatever free Services.

- You get minimum of 5-6 Spam messages per week
- A call often asking to open an 0 balance savings account
- Your data will be in public, once these cheap coded websites are hacked. Beware!!
 
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^^ but did they actually tell you your score ?

i have purchased score 3-4yrs back , after that i don't care about score.
I have a friend in retail whom i asked ecently and he told me my score :)


For general people, never step on the trap of free cibil score by BajajFinance your life will be spammed and if you to have linked your Aadhaar with mobile than only GOD save you! it will follow you even if you have changed your number :(
 
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Sobirvs said:
doesn't work. my dad has a 18L loan with bajaj for which he pays emi regularly and his no is registered but on chat it says no registered no found.
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Working for alteast 4 people I know.
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