<\/span><\/h3>\n\n\n\nNot exactly. A CIBIL score is a specific type of credit score issued by TransUnion CIBIL. Many borrowers ask what is credit score? In the broader sense, Experian, Equifax, and CRIF High Mark issue credit scores in India, each using their own scoring model. All CIBIL scores are credit scores, but not all credit scores are CIBIL scores.\u00a0<\/p>\n\n\n\n
How Often Is Your CIBIL Score Updated?<\/strong><\/p>\n\n\n\nAs per the RBI 2024 mandate, TransUnion CIBIL updates credit data every 15 days based on information submitted by lenders. This means improvements, like paying off a large outstanding balance or clearing an overdue EMI, can reflect in your score within two to four weeks, significantly faster than the older 30-45 day cycle.<\/p>\n\n\n\n
<\/span>Does Checking Your Own CIBIL Score Lower It?<\/strong><\/span><\/h3>\n\n\n\nNo, and this is one of the most important things to understand about how your credit score<\/strong> works. Checking your own score is classified as a soft inquiry and has zero impact on your CIBIL score, regardless of how often you do it. The key distinction is between soft and hard inquiries: soft inquiries, like checking your own score, leaves no mark. Hard inquiries, triggered when a lender pulls your report during a loan or credit card application, can reduce your score by 5-10 points per check. <\/p>\n\n\n\nWhat Happens If Your CIBIL Score Is Below 600?<\/strong><\/p>\n\n\n\nA score below 600 makes most traditional bank loan applications very difficult. Lenders will either reject outright or offer credit at significantly higher interest rates with stricter terms. The priority should be to identify what’s dragging the score down, missed payments, high utilisation, or errors and address each systematically. Consistent, on-time repayments over 6-12 months are the most reliable path to recovery.<\/p>\n\n\n\n
Know your score. FatakPay offers free CIBIL score checks with zero impact and instant personal loans up to \u20b95 Lakh for scores 650+. Disbursed in 7 minutes, no salary slip required.<\/em><\/strong><\/p>\n\n\n\n