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Cibil Score for Two Wheeler Loan
Posted on Thursday, March 18th, 2021 | By IndusInd Bank
If you are planning to get a loan for your new two-wheeler, you shouldknow about the CIBIL Score or simply putting, CIBIL score for bike loan.
CIBIL score is altogether a credit score. Usually, credit score variesbetween 300 to 900; however, a score past 750 is considered a satisfactorycredit score. Your credit score is proofof how responsible you are as a debtor. Thus, it makes the whole process ofbuying a two-wheeler trouble-free and comfortable for you by enabling a lowerrate of interest for your purchase.
Your credit/CIBIL score means a good credit rating for bike loan, andyou become more capable of getting suitable loan. This even helps you when youlook for down payments or minimum EMIs for a bike loan. Click here to apply for your IndusInd Bank two wheeler loannow!
To prevent yourself from paying a large amount, a helpful recommendation is that, first, you should enhance your credit score, and then apply for a bike loan to get reasonable loan conditions that can be easily affordable for you.
Credit Information Bureau India Limited or CIBIL is a Credit InformationCorporation or Company of our nation that maintains the official records anddocuments of all individuals and companies engaged in credit-related activitiesthat include loans and credit cards. CIBIL has an ISO 27001 certification,which is considered as majestic security criteria globally.
The information it provides to various economic organizations andcreditors has a direct impact on them when they screen petitions for crediting.
How can you check your CIBIL Score?
If you want to know about your credit score for bike loan, you can follow these steps to get your Credit Score either offline or online.
Steps to check CIBIL Score Online:
- Log on to the website https://www.cibil.com
- Click on “Get your CIBIL score”, placed at the right-hand corner of the page at the top.
- Now, choose your membership plan for 1 month, 6 months, or 1 year and complete your payment.
- Register on the site by providing all your details.
- Your account will get created and you can check your CIBIL score now.
Steps to check CIBIL Score Offline:
- Download the form from the official CIBIL website.
- Fill out the form accurately with all your details.
- Make and attach a demand draft courtesy of TransUnion CIBIL.
- Mail this form with your Demand Draft to CIBIL’s official address.
- Your detailed CIBIL report and CIBIL score will be mailed to the address you provided.
If you are in need ofa two wheeler loan, IndusInd Bank has some lucrative options for you. Thevehicle loans come with attractive interest rates and flexible repayabletenures. Enquirenow at IndusInd Bank to know more about the vehicle loans.
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
