If you wish to get a personal loan from HDFC or check whether you can get more credit cards from the bank, you need to check the HDFC CIBIL score. If you know how to check the CIBIL score on the HDFC portal, you can rest assured about your financial products from the bank. In this guide, we will show you how to check CIBIL score HDFC in a few easy steps.
It is essential for you to understand why you need to check the HDFC CIBIL score. Here’s why:
Loan Approvals: A good CIBIL score increases your chances of getting loan approvals at favorable interest rates from HDFC Bank. If you’re looking for a personal loan or any other loan type, a formidable CIBIL score will help you secure it.
Financial Planning: Knowing your credit score helps in planning your finances better and making informed decisions regarding HDFC bank credit cards, loans, and other banking products and services like prepaid cards, Forex, etc.
Error Detection: Regularly checking your CIBIL score helps in identifying any errors in your credit report and getting them rectified promptly. If HDFC Bank is your banking partner, they will help you with such services instantly if you find any discrepancies in your CIBIL score.
If you wish to know how to check CIBIL Score, HDFC bank has made it quite simple for you. Simply follow these steps to check your CIBIL score using the HDFC bank website.
Step 1: Open the HDFC Bank official website.
Step 2: On the top right corner, click on ‘Login.’
Step 3: It will reveal a dropdown of multiple options. Click on ‘Netbanking.’
Step 4: It reveals a page that will ask you to enter your Customer ID/User ID to login to HDFC Netbanking Portal.
Step 5: Enter your HDFC Customer ID and login to the Netbanking portal.
Step 6: If you don’t have an HDFC bank savings account, don’t fret. There are multiple options to login whether you’re a credit card user, a retail loan or home loan applicant, a prepaid card user, etc.
Step 7: Enter your unique password.
Step 8: Click ‘Enter’ and your HDFC CIBIL score will be displayed along with your credit report.
For those who aren’t HDFC Bank customers, they can simply register first on the homepage of the HDFC Bank official website and then follow the above procedure. However, if you aren’t registering as a customer, you have to follow these steps.
Step 1: Go to the ‘Loans’ section on the HDFC Bank official website.
Step 2: Click on the ‘Check Credit Score’ option.
Step 3: Insert your basic details like name, mobile number, PAN card details, date of birth, etc.
Step 4: Once done, you will receive an OTP for verification on your connected mobile phone or email.
Step 5: Insert the OTP on the portal and hit ‘Enter.’ You will be able to view your CIBIL score.
Another way is to log in to the HDFC Bank Member Login portal, enter your username and password, and get your CIBIL score.
If you would like to check CIBIL score, HDFC bank gives you some unique upsides.
Free Service: HDFC Bank offers you the CIBIL score check service for free. Therefore, the bank makes it accessible for all its customers to monitor their credit health.
Regular Updates: If you check your HDFC CIBIL score regularly, you can stay informed about your credit status and take necessary steps to improve it.
No Negative Impact: HDFC Bank is an official partner of TransUnion CIBIL. Thus, if you know how to check CIBIL score using the HDFC bank portal, it will never create a hard impact on your credit score. As a result, your credit score doesn’t deteriorate.
Detailed Report: HDFC Bank provides a detailed credit report along with your CIBIL score, helping you understand the factors influencing your score.
Checking your HDFC CIBIL score is a pretty straightforward process that can provide multiple benefits in maintaining your financial health. Regular monitoring helps in keeping a good credit score, which is crucial for securing loans and credit cards at favorable terms from HDFC bank or any of its partner lending institutions.
The only way to check your CIBIL score online using HDFC is visiting the HDFC netbanking portal and then following a few easy steps like inserting your customer ID and password or entering your basic details and verifying an OTP.
Yes, HDFC Bank has made it absolutely straightforward so that you can check your CIBIL score without any hassles. You don’t need any tech expertise to do so.
The minimum CIBIL score requirement for an unsecured personal loan from HDFC would be 750. However, sometimes, the bank might also grant you a loan if your CIBIL score is between 700 to 750, based on exceptional credit history and past actions.
According to HDFC, it is a partner of TransUnion CIBIL. So, the CIBIL Score is the basic credit score that is used to run a background check on a potential borrower to assess their creditworthiness.
Yes, 750 is usually considered to be a good CIBIL score by most banks and lending institutions.
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