What is Soft Enquiry and Hard Enquiry of Credit Score?

Soft Enquiry:

When you check your own Credit Score through Credit Bureaus, Banks or Third-Party websites, it is referred to as a “Soft Enquiry”, and it does not affect your credit score.

Hard Enquiry:

When a lender, such as a Bank or NBFC, checks your credit score at the time of your loan application, it is referred to as a “Hard Enquiry”. In case of multiple applications to Banks/NBFCs, multiple hard enquiries are made, which may have a negative impact on your credit score.