How to check Credit Score for free?
Checking your credit score frequently helps you make smart financial decisions. Based on the score and your other financial information, you may approach a bank to apply for a loan or credit card and bargain for better terms. Even a small reduction in the interest rate of big-ticket loans can save you a lot of money in the long run.
One may check his/her own credit score for free through one of the following:
Credit Bureaus: As per RBI mandate, each credit bureau should give your credit report and score for free once a year. You can check it online at their official website or by mailing them.
Third-Party Financial Portals: Third party financial sites provide credit score for free round the year. You can check it anytime from anywhere and it’s completely free. Checking your credit score does not hurt it, and you can check it for any number of times.
Banks: These days some of the banks also provide credit score. Some lenders charge a fee while some provide it for free.
What information is required for checking Credit Score?
One is required to generally provide the following information for checking Credit Score:
Name: The name should be your original name which is recorded in your PAN and other official copies such as Voter ID, Passport, Birth Certificate, etc.
Date of Birth: The date of birth is mandatory to check your free credit score. This should match with the birth detail on your PAN and other official records.
PAN: This is the most important proof that is required to fetch your credit score from the bureau.
Gender: You may have to mention which gender you belong. Mobile Number: You need to mention your mobile in order to verify your profile. An OTP will be sent to your mobile for verification.
Employment Details: Information such as your employer, monthly salary and type of employment may be required to get your credit score.
PIN Code: You need to enter the PIN code of the locality where you stay permanently.