Free CIBIL Score Calculator

Estimate CIBIL Score Online

Last Updated 24th Jan 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?

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

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

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

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
How many Credit Cards have you availed and closed in the past?

Personal Details
Your Loan Requirement
 Salaried 
 Self Employed - Professional 
 Self Employed - Business 
I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
X
MyLoanCare

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 - Jan 2017
24th Jan 17 Kotak Mahindra Bank is likely to register a strong growth in net profit during third quarter of FY 17
Analysts at CNBC have forecasted a strong growth in net profit of Kotak Mahindra Bank during the third quarter of FY 17. As per the polls, the bank is likely to see an increase of 27 percent in its net profit to Rs. 808 crore on a year on year basis. Kotak Mahindra Bank is scheduled to announce its Q3 results on 25th January, 2017.
24th Jan 17 HDFC Bank may register a decent growth in its net profit even as its loan growth is expected to come down
Analysts at CNBC have forecasted an increase in net profit of HDFC Bank during the third quarter of FY 17. As per the polls, the bank is likely to see a growth of 12 percent in its net profit Rs. 3, 770 crore on a year on year basis. Analysts have, however opined that the bank is likely to see a slower growth in its loan book. HDFC Bank is scheduled to announce its Q3 results on 25th January, 2017.
24th Jan 17 PNB Housing Finance to invest Rs. 300 crore in a realty developer commercial project
PNB Housing Finance has entered into an agreement with the realty developer, Parinee Group to invest Rs. 300 crore in its commercial project. The funding is expected to be done in instalments with tenure of four years. The commercial project is an office complex being built in Andheri, western suburb of Mumbai.
24th Jan 17 Indian NBFCs raises Rs. 29, 000 crore via NCDs during FY 17
Indian NBFCs have raised a total funding of Rs. 29, 000 crore via non convertible debentures (NCDs) in the current fiscal year. Under the arrangement, DHFL raised funds worth Rs. 14, 000 crore through NCDs in the current financial year. The funds will be utilised for financing expansion plans, retiring debt, supporting working capital requirements and for other corporate investments. NCDs are loan linked bonds that are not convertible into stock and carry higher rate of interest than that of convertible debentures.
24th Jan 17 HDFC Bank to see a fall in its loan growth during third quarter of FY 17
Analysts at Bloomberg have forecasted a decline in loan growth of HDFC Bank during third quarter of FY 17. As per the reports, loan growth is likely to fall to 15.4 percent during the third quarter on a year on year basis. Retail loan disbursements and corporate loans are likely to suffer the most resulting in weak loan disbursements.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.