How to get Free Credit Scores in India

13-July-2016 written by : FSI-Team

Since the inception of credit bureaus in India in the year 2000, the awareness and use of bureau data is now on the rise. While a large chunk of the population continues to be unaware of how credit bureaus work and what credit information reports and scores mean to each of us at an individual level, we as a country are slowly but surely getting there.

For someone who wants to know about their credit health, the first step would be to obtain a copy of their credit report. The credit report provides a detailed history of one’s credit behaviour, and is the first go-to document for a financer when you apply for a fresh line of credit. It essentially tells them about an applicant’s creditworthiness, and the likelihood of a payment default. Stemming from the report is your credit score, which is a three-digit summary of the information detailed in the report. Typically between 300 and 900, a higher score signifies better credit behaviour and is looked upon more favourably by a lender.

How does one check their credit report?

Currently, no credit information company offers a free credit report. Upon payment of a nominal fee, one can choose to purchase their credit report from any one or all of the four credit bureaus operating in India today, namely CIBIL, Equifax, Experian and CRIF High Mark. Of course, given today’s technological times, the process to obtain a report is neither lengthy not tiresome. The process is paperless and one can effortlessly apply for a report online.

However, the reach of credit reports is not as much as it should be yet, and hence it becomes imperative to offer solutions to people that encourage them to request for reports and get to know their credit health. Stemming from there, websites such as are a boon for individuals. This site offers you the option to avail of a free credit score (not the entire report), which is a good place to start. Obtaining a report helps a person to take the first step towards understanding their own credit behaviour, and what it is that influences the score. Only once an individual has a fair estimate of the same, can they work on improving their credit health.

How does one get a free CIBIL score?

In countries such as the USA for instance, credit information companies provide one credit report free each year, as per a regulating Act. In India at present, however, there is no such regulation and hence it is mandatory to purchase a report, if you want to know your score.

At the belief is that given the awareness on credit scores is low, there is no better way to build reach than by offering free scores. This will also encourage people to garner more information, thereby bridging the gap of low to no information.

The process to be followed is very simple. Find below a quick, easy step-by-step guide to the same -

  • Log on to
  • Click on ‘Check your free credit score’.
  • Fill in an online application form.
  • You will need to provide some basic information such as your name, email address, city you are located in, and phone number.
  • The reason for requirement of the credit report also needs to be stated.
  • Once done, click on the ‘Submit’ button.
  • On submission of all the required details and documents, your credit report will be updated to your online account within 72 hours.
  • You will receive notification via email and SMS regarding the same.
  • Login, and view the details mentioned therein. It is always prudent to monitor your credit report, as any erroneous information in the same can lead to your credit score getting impacted negatively.

A word of warning!

While websites such as offer you the real deal, i.e. a free credit score, there are sites that provide a score simulator. Know that the two are entirely different things, and while a simulator may not be incorrect, it is merely indicative of what your score could be.



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