Equifax Report

Check Your Free Credit Score

 

Personal Details

 

 

What is credit score?


In simple words, acredit score is a measure that displays a person's ability to pay the borrowed amount back to the lender. In financial terms, this 3 digit number represents their creditworthiness. The range of a credit score will be between 300-900, with 300 being the lowest and 900 being the highest.

In India, the credit bureau calculates and findsthe credit score of each individual in the country. This score is decided after taking into consideration various factors like,

When you wish to apply for a credit card or any loan from Banks or NBFCs, with a high credit score, you might receive better benefits like,


Now you can check credit score online and here are the steps thatyou can follow to get your free credit score


1. Visit https://www.ruloans.com and click on the credit score icon on the right-hand side of website.

2. Enter your first, middle, and last name along with gender and date of birth.

3. Add your PAN details, mobile number and an OTP will be sent for verification.

4. Add your phone type (mobile, home, office) and email ID along with email ID type (personal or office).

5. Finally, add your residential address, city, pincode, state, and which loan you want (Personal loans, home loans, business loans, car loans, loans against property, gold loans, loan against shares or securities, consumer loan, education loan, loans for professionals, and credit card).

6. After you submit all these details, your credit scorein your free credit reportwill be then displayed on the screen.


Please Note - Fill the details accurately and to the best of your knowledge. If you enter details incorrectly, your credit score will not be accurate.



About Equifax


Equifax Credit Information Services Private Limited is one of the oldest credit information companies & happens to be the largest credit reporting agency headquartered in Atlanta, USA.They are known to providecredit reports for individuals and businesses and have tied up with major banks and institutions in India.


Who Computes Credit Score?
Your Credit Score is computed bycredit agencies in your country.Whenever you initiate a transaction, Banks and NBFCs send those details about it to every credit bureau. Sending these details to all credit agencies is a mandate that has been set by the RBI. With the help of these details, Banks can approach any one of the bureaus.
Why Should I check my Credit Score?
Checking credit score is important as a higher score improves your chances to get a line of credit. Not just that, checking your score is important as if it drops, or if an error has been made by the credit agencies while calculating your score, you can immediately report it and get it checked.
Why is Ruloans Giving me my Credit Score for Free?
We believe that any individual must be in complete command of their finances. Hence keeping that in mind, we decided to set up this facility where you can check your credit score online for free.
Does my Credit Score Get Impacted if I enquire about it?
There are 2 types of enquiries - hard and soft inquiry. Hard inquiries (made by Banks) when made will lower your Credit Score by a few points, while soft inquiries (made by you) will not impact your Credit Score at all.

What kind of loans can I get at lowest interest rates with high credit score?


Personal loan
A personal loan can be taken to sort out personal expenses. Whether it is to pay for medical emergencies, tuition fees, renovating your house, travel, wedding, etc., you can opt for a personal loan.
Home loan
A home loan can be taken by a person who wants to buy a house. Since the property rates are too high, hence you can use the full loan amount to purchase a house.
Business loan
A business loan can be taken by a business person to sort expenses related to their business. This amount can be used to start, expand, purchase raw material, machines, improve infrastructure, etc.
Loan against property
A loan against property can be taken by a person who is the owner of a property and needs a lot of funds. By keeping the property as collateral, they can get a loan from the Bank.
Used Car Loan
A used car loan can be taken by a person who wants to buy a second-hand car. Since the car rates vary as per different brands and models, you can accordingly apply for the loan amount to purchase a car.
Car Refinance
In case you opted for a used car loan at higher interest rates, you can switch to another lender at the lowest interest rates using balance transfer. You can also get a Car Loan Top Up facility.
Fixed Deposits
Ruloans also deals in fixed deposits via HDFC and ICICI Bank. If you wish to open an FD through these banks and enjoy higher interest rates, do apply.
Personal loan balance transfer
In case you opted for a personal loan at higher interest rates, you can switch to another lender at the lowest interest rates using a balance transfer.

Home loan Balance Transfer
In case you opted for a home loan at higher interest rates, you can switch to another lender at the lowest interest rates using a balance transfer.

Professionals (Business) loan
A business loan is given to professionals like freelancers can be termed as a loan for professionals.

Loan against property BT Top Up
In case you opted for a loan against property at higher interest rates, you can switch to another lender at the lowest interest rates using a balance transfer. In such a situation, you can also get a "Top-Up" facility.
Gold loan
A gold loan can be taken by a person who owns gold and needs a lot of funds urgently. By keeping the gold as collateral, they can get a loan from the Bank instantly within a few hours*.
Credit Card
A credit card can be taken by a person who has a bank account. As per your account, Bank will set a credit card limit for you where you can spend money on a credit basis and repay the bill amount at the end of the credit period.
Insurance
Ruloans also offers insurance policies via Kotak E Term Plan and HDFC Ergo Insurance. If you wish to get an insurance from these banks, do apply.

Frequently Ask Questions

Your credit score reflects if you are creditworthy or no. If your score is on the higher side then Banks understand you are a responsible customer who will repay EMI and bills on time. Also, a higher score implies that Banks will mostly approve your loan application 9/10 times.

PAN Card information helps us in obtaining the person's credit score in the most accurate manner. Using other Identity proofs, Banks can still identify the credit score of a person.

When you inquire to check your credit score, it's called a soft inquiry and hence your score won't be affected. When you wish to apply for any loan, Banks make a hard inquiry and hence your credit score will be impacted slightly.

Apart from identity proof, the individual's phone number helps Banks identify the person and the credit records too. Your phone number helps in verifying records.

You will be pleased to know that there is no limit for you to inquire about your credit score. Since it's a soft inquiry, there will be no credit impact on your credit score.

The credit score is a part of your credit report. Whenever there is a positive or a negative impact on your credit report, there will be a change in your credit score.

Eg: When you apply for a loan, Banks will make a hard inquiry and check your credit score. This is a negative impact on your credit report and hence your score will be impacted.

Depending on credit rating companies, a good credit score will vary. In general, scores above 700 are considered to be a good credit score. Any score below that is average and hence must be worked upon.

Various factors will be considered while calculating your credit scores like information on past loans, current credit cards, information related to your Income tax, bankruptcy (if any), and hard inquiries made by Banks too.

Depending on your credit history, your credit score will be affected. Having multiple credit cards is not a problem. But your utilization ratio is important. If you have a lower utilization ratio, it's good for your credit score. If youhave a higher utilization ratio, it's bad for your credit score.