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Credit report: How you can access it for free and rectify errors

If you have a higher credit score, you can also negotiate for better interest rates on loans

July 01, 2020 / 09:28 AM IST

Opting for the loan moratorium would not affect your credit score. However, it’s important you keep a track on your credit score and check for any errors, especially if you plan to apply for a fresh loan. Here is how you can get a free credit report and keep track of your scores.

How many free credit reports can I get in a year?

In India, we have four credit bureaus: CRIF High Mark, Equifax, Experian and TransUnion CIBIL. As mandated by the Reserve Bank of India (RBI), consumers are entitled to one free credit report every 12 months (calendar year) from each credit bureau.

Any extra report that you wish to take comes at a cost. CRIF High Mark and Equifax charge Rs 399 and Rs 472, respectively for each new report. TransUnion CIBIL charges Rs 550 for one month and Rs 1,200 for one year, with unlimited access to credit reports.