Free CIBIL Score Calculator

Estimate CIBIL Score Online

Last Updated 25th Apr 2017
Estimate your CIBIL Score online free, based on your past repayment record of personal loans, home loans, auto loans and credit cards using MyLoanCare CIBIL Score Calculator Simulator
  • MyLoanCare free CIBIL score calculator estimates your score for free of cost. No credit card or registration is required.
  • Actual calculation of credit score is done using algorithms by CIBIL Transunion, Equifax, Experian and Highmark.
  • CIBIL reports are available online and offline to customers to check their CIBIL record.

Estimate your Credit Score

Running Home Loans How many Home Loans have you availed and running currently?

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Running Personal Loans How many Personal Loans have you availed and running currently?

Closed Personal Loans
How many Personal Loans have you availed and closed in the past?

Running Credit Cards How many Credit Cards have you availed and running currently?

Closed Credit Cards
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What is good CIBIL Score for loans?

Target a score of more than 750 to avail best loans from banks in India.

How is CIBIL Score calculated?

CIBIL score is calculated by various credit bureaus using their own proprietary algorithm, but the main elements of score composition revolve around loan and credit card repayment behavior of an individual. You can calculate CIBIL score based on following factors:
  • Credit card utilization in the past.
  • Servicing of EMI’s of loans availed
  • Delay in loan repayment availed in the past. Recent defaults may affect your CIBIL score more than past ones.
  • Type of credit used (secured or unsecured), balance of credit mix and line of credit.

How to check CIBIL score in India?

CIBIL score is provided by CIBIL along with detailed Credit Information Report (CIR) on payment of Rs. 550 to CIBIL. From 1st January, 2017 you can ask CIBIL or any of the other bureaus, Experian, Equifax or Highmark to issue a copy of free credit report along with score without paying any charges. However, to simulate your CIBIL score based on your past credit history, use MyLoanCare Free CIBIL Score Calculator. You can also check CIBIL score free by using PAN card.

CIBIL Score details

CIBIL score is a composition of various factors and their contribution is as follows:
  • Payment history: Your past performance on debt obligation is the most important criteria and it is the major contributor in your CIBIL Score. About 30 percent of your CIBIL score reflects the record of past repayments.
  • Credit Type and Duration: The type of loan (secured or unsecured) availed in the past and duration of credit affects your CIBIL score. Type and duration of credit contributes about 25 percent to your CIBIL score.
  • Credit Exposure: Approximately 25 percent contribution in your CIBIL score is made by total credit exposure. High obligation as proportion to income will hurt this part of the CIBIL score.
  • Other Factors: Remaining 20 percent of your CIBIL score is contributed by factors such as credit behavior and credit utilization.

Why should you get your CIBIL score?

  • Ensure Accuracy: Your CIBIL report contains information of your credit history and track record of your loans. By assessing your CIBIL report annually you can ensure that the information reflected in the report is accurate. If you find any corrections in the report then you can address the problem on dispute resolution forum of CIBIL.
  • Keep an eye on your loan accounts: A CIBIL report is detailed summary of all your loan accounts and credit cards. CIBIL report helps you in monitoring your loans and credit cards. If your CIBIL report shows any loan that you have never availed, then you can easily address that problem on credit dispute resolution board.
  • Maintaining your credit health: CIBIL score reflects your credit position. It tells you about the debt owned and the outstanding amount of your loan accounts and credit cards. If your CIBIL report shows low CIBIL score than you must try to increase it to improve your credit position. Healthy credit position always helps you in getting better loan opportunities.
  • Individuals should keep assessing their CIBIL report and CIBIL score time to time in order to maintain a good CIBIL history. You should always go for the financial check up just like a health checkup to maintain financial stability.

CIBIL Score for personal loan

A high CIBIL score and a clean CIBIL report are one of the most important eligibility criteria for a personal loan from leading banks like HDFC Bank, SBI, Axis Bank, ICICI, Citibank and others.

    What is a good CIBIL Score?

  • There is no good or bad score. Lenders tend to be little apprehensive granting loan to borrowers with score less than 700 for secured loans such as home loan. Banks in India tends to target customers with score more than 750 or above for unsecured loans like personal loan. Get an estimate impact of CIBIL score scale from 300 to 900 on your credit health.
CIBIL Score Range What it may mean for your credit health?
750 - 900
  • CIBIL score between750-900 shows your exemplary credit history which will help you to get the loan with best market rates.
  • The score between this range shows your impeccable consistency in repayments made in the past.
  • With subject to credit report and eligibility, you will easily obtain home loan, car loan and other unsecured loans such as personal loans and credit cards.
700 - 750
  • CIBIL score in this range also shows a great track record of the past repayments but sometimes banks need to conduct further credit analysis depending upon the internal credit policies to judge your credit history more precisely.
550 - 700
  • CIBIL score in this range is considered low that reflects some of the irregularities in the past payments.
  • Banks may feel dicey to give you loan except exceptional credit check. There are some banks who may consider you for loans but with the higher collateral and interest rates.
300 - 550
  • Score in this range is considered poor that reflects your defaults such as write offs, past delinquencies and over leverage. You may face prime difficulty in obtaining the loan from any of the banks.
News - Apr 2017
25th Apr 17 SBI and Credai sign MoU to develop real estate sector
State Bank of India has entered into an agreement with Confederation of Real Estate Developers’ Association of India (CREDAI) to collaborate and work towards the development of the real estate sector, specifically aimed at developing affordable housing and greenhousing projects. This initiative will help millions of home buyers fulfill their dream of owning a home. SBI, the largest mortgage lender, will give CREDAI member developers an interest concession up to 35bps for construction finance for eligible affordable housing projects.
25th Apr 17 Ujjivan SFB to convert all NBFC branches by FY20
Bengaluru-based Ujjivan Small Finance Bank (SFB) is planning to convert all its existing non banking finance company (NBFC) branches into small banks. Currently, the bank has 457 branches out of which it includes less than 200 NBFC bank branches, that have been converted to bank branches. The objective of formation of small finance bank is to cater the needs of the underserved customer segment with a full range of banking services.
25th Apr 17 IndusInd Bank opens 94th branch in Rajasthan
Private sector lender, Indusind Bank has inaugurated its 94th branch in Rajasthan at Bhinder, Udaipur District, which is famous for its silver and cloth market. The branch will cater to the needs of the SME customers in the district of Rajasthan state.
25th Apr 17 Indiabulls Housing Finance Q4 net up 24%
Indiabulls Housing Finance has reported a 24 per cent increase in net profit for the March quarter.Net profit for the fourth quarter of this fiscal year stood at Rs. 841 crore as against from Rs. 676 crore a year ago. Vice chairman, Gagan Banga, Indiabulls, stated that the company has observed a good growth in the geographies of Bombay, Pune, Bangalore and Hyderabad in its home loan portfolio.
25th Apr 17 Mogae media ties up with Kotak Mahindra Bank
One of the leading integrated marketing and communications agency providers, Mogae media, has tied with Kotak Mahindra Bank for providing its call to action service. Tango Media, which is a wholly owned subsidiary of the company, has developed this initiative that enables brands to connect better and quicker with their target audiences on the mobile.
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