Get Your Credit Score Free On Kotak Mobile Banking

Don’t know how to check your credit score for free? Well, if you are a Kotak Bank customer then it is very easy for you to get your complete CIBIL report online for free. The bank has launched a free credit score facility on mobile banking.

When you apply for a credit card or loan, the bank will check your CIBIL Score or Credit score first and if they are satisfied with your credit report then you will be able to get your credit card or loan offers. However, if your credit card score is very low then the bank will reject your application or offer credit cards and loans with higher interest rates.

It’s important to regularly check your credit score and work on improving it if needed.

Let’s see how Kotak Bank customers can check free credit score (CIBIL Score) online by login into mobile banking.

A Comprehensive Guide to Checking Your Credit Score for Free On Kotak Mobile Banking

You can get your CIBIL report through the mobile banking app. Please follow the below steps:

(Step 1) Login to Kotak mobile banking and go to the “Credit Card” section. You will find this option at the bottom OR you can also use the search option.

(Step 2) Now select “Free Credit Score”

(Step 3) Next screen tap on “Get Credit Score” (Your CIBIL report will be fetched)

(Step 4) Great! Now you can check your Credit Score. You can tap on “Get Score Analysis” to get your full report of your loan and credit card accounts.

(Step 5) Once you go to the full report, you can view your credit report in detail. In the Credit Utilization option, you can check your usage and limit. Make sure your credit utilization is below 30% otherwise, it will affect your score.

(Step 6) In the Payment history, you can check whether you have paid all dues or not. If any payment is pending and marked as default then it is not good for your CIBIL score so make sure all due payments are paid timely.

(Step 7) In this credit report, you can also check your active and inactive loans and credit cards. Inactive means these loan accounts and credit cards are closed. If any unknown loan or credit card is running in your name then you can report it.

You will also find many options there to view more details about your credit report.

Some Tips To Improve Your Credit Score

• Pay your dues on time, never delay
• Do not apply for too many credit cards and loans
• Keep your credit utilization below 30% or less
• When you apply for a loan, choose the longer tenure for repayment

Please note, that only Kotak bank customers can check their credit score (CIBIL Score) for free on Kotak mobile baking. If you are a non-Kotak bank customer then don’t worry you can use the Google Pay UPI app to check your credit score for free.