A 3-digit number that represents your creditworthiness is called Credit Information Bureau (India) Limited (CIBIL) score or credit score. It’s calculated by credit bureaus based on your credit history, like your repayment history, credit utilization, and the length of your credit history. A CIBIL score of 750 or above is considered good, and a score of 850 or above is considered excellent.
Lenders use your CIBIL score to assess your credit risk and determine whether to approve you for a loan or credit card. A higher CIBIL score indicates that you are a low-risk borrower and are more likely to repay your loans on time. This means that you may be eligible for lower interest rates and better terms on your loans.
Important:
- You should have a personal PAN and must be the owner of the business.
- Authentication happens through security questions and mobile one-time password (OTP).
- If the mobile number and PAN that you registered with Google Pay match the data present in CIBIL, no additional authentication is needed.
- You don’t need video verification to fetch your CIBIL score.
- You can check your latest credit score and track it over the past 6 months.
- You can get your updated CIBIL score report every 30 days.
- To check how a credit score changes with credit behavior, you can use a credit simulator.
- CIBIL CIR and simulator are available at no extra cost.
Check your CIBIL score
- On your mobile device, open the Google Pay for Business app
.
- To check your CIBIL score, go to either:
- Homepage
- Tap Home
.
- In the “Loans & more” section, tap Check CIBIL score at no cost
Check CIBIL score.
- Tap Home
- Offers tab
- Go to the “Loans” section.
- Tap Offers
- Homepage
- The form is prefilled. If the name is incorrect, then you can edit it.
- You can’t edit your PAN and mobile number here.
- To agree to the security statement and terms and conditions, tap Continue.
- Your credit report shows on the screen after a few seconds.
- To check the full credit report, tap See full report.
Additional information
- If no CIBIL score is fetched, it can be because:
- You’ve never taken a credit card or loan, and you don’t have any debt.
- CIBIL doesn’t have enough data about your credit history.
- If CIBIL can’t verify your identity, you didn’t answer the security questions correctly.
- In 6 months, the score is wiped out. To refresh the score, you must fetch it manually.
- There are no restrictions on the number of fetches you can do.
- You can get a fresh report every 30 days.
