In today’s world, managing your finances wisely is crucial. One of the most important aspects of financial management is understanding your credit health. Your credit score, often represented by your CIBIL score, plays a pivotal role in determining your ability to get loans and other credit facilities. With the advent of technology, you can easily conduct a CIBIL score check online free of cost. Regularly monitoring your credit score has become essential, and here’s why.

What is a CIBIL Score?

A CIBIL score is a three-digit number that represents your creditworthiness. It ranges from 300 to 900, with higher scores indicating better credit health. Banks and financial institutions use this score to assess the risk of lending money to you. A high CIBIL score makes it easier to secure loans at favourable interest rates, while a low score can limit your financial options.