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The importance of a CIBIL score—or credit score—becomes evident when you apply for a loan or are planning to take one out. A good CIBIL score can enable you to secure a larger loan amount at a lower interest rate. But what exactly is a CIBIL score, and how does it relate to loans? Let's find out.

What is a CIBIL Score?
Banks use the CIBIL score to assess whether a borrower is capable of repaying a loan. Banks operate on the premise that an individual with a superior CIBIL score is more likely to make their EMI payments on time. This is because a CIBIL score is determined by evaluating an individual's past loan repayment history and their track record regarding credit card bill payments.

Now, let's learn how you can check your own CIBIL score.

How ​​to Check Your CIBIL Score?
**Step 1:** First, you need to visit the official CIBIL website: www.cibil.com.

**Step 2:** Next, enter the required details to log in.

**Step 3:** If you are a first-time user, you will also need to complete the registration process.

**Step 4:** Now, enter your personal details, such as your name, date of birth, PAN card number, mobile number, etc.

**Step 5:** After entering your mobile number, click on "Generate OTP."

**Step 6:** Enter the OTP that you received on your mobile phone.

**Step 7:** Select the "Free Option" (or equivalent free service) from the available choices.

**Step 8:** Finally, your current CIBIL score will be displayed on your screen.

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