Fintech companies interested in lending money are overrunning the Indian financial industry. You can use the apps and websites of these fintech companies to check your credit score for free in India. These CIBIL score apps allow you to check your score and help manage and maintain a positive CIBIL report. Online and in-person purchases can both be made using credit cards.
The oldest organisation in India that monitors your credit information and assigns you a credit score is Credit Information Bureau Ltd (CIBIL). Financial institutions use this score to determine your creditworthiness.
What are the best apps to check your credit score?
To maintain your credit score, there are various apps available today. They provide timely information and guidance to assist you in achieving and keeping a high score. Following is a list of the top five CIBIL score apps you can easily use to check and maintain your credit score.
The leading fintech business in India, Wishfin, gives its consumers a practical plan for choosing the best financial course of action to grant their wishes. Its product categories include investments, insurance, loans, digital gold, credit cards, and savings accounts. The app is readily available online for download. This is one of the best user-friendly and safe CIBIL score apps. The app is entirely free and needs a few simple details.
Wishfin operates under the premise that anyone may check their credit score; it’s not just necessary for financial institutions to do so. You can access your credit score through SMS as well as Whatsapp.
With the free CRED app, you may receive rewards and cashback offers for making on-time credit card payments. The incentives, often called CRED coins, can be used to obtain exclusive access to various goods and experiences. You can easily access your CIBIL score from the app, which also helps you in keeping a regular check on it by sending constant reminders and notifications. Statement analysis is also delivered to you that compiles all of your payments to further assist you in understanding where your money is spent.
Paytm is one of the most popular CIBIL score apps, India’s most used payment app. Paytm’s most useful service is the free credit score check option. To check your credit card score using Paytm, you must scan a QR code on the app and wait a little while. You may apply for credit cards or loans even within the app itself. You can easily check your score regularly, and the scores are even promptly updated. Moreover, you also get 12 free reports from Paytm per year or one monthly report.
Credit Karma uses Equifax and TransUnion data to estimate your FICO score. Users claim that the scores provided by Credit Karma are remarkably similar to their actual FICO scores. The app also includes information on your payment history and credit card usage, which impact your credit score. Additionally, they offer a summary of the details in your Equifax and TransUnion credit reports. Its credit Karma Money function also provides a brand-new Instant Karma cash payback on all debit purchases.
The last CIBIL score apps on the list are IndMoney. INDmoney is a powerful financial tool that manages and invests your funds with no commission. Additionally, it features a free credit score checker that provides a monthly update on your credit score. Additionally, you can use the application to transfer funds without paying a fee from your earned 6.5% interest on fixed deposits in a US stock account and plan for and increase your future net worth. You can access an Equifax credit score, CIBIL credit score, and a CRIF Highmark credit score with INDmoney.
Your credit card score is crucial if you want to retain your ability to obtain loans when needed. Your standing with lenders will improve the higher your score. To improve your CIBIL score, reviewing your credit card score and reporting regularly is essential. These CIBIL score app provide a wide range of options on montitoring your scores continuously, and the greatest part is that they are completely free.