In India, credit scores are provided by credit bureaus like CIBIL, Equifax, and Experian. However, the most common are the credit scores provided by CIBIL. A CIBIL credit score, like others, helps an individual get to know about his/her credit history. A good credit score will help in getting loans and visas to countries with ease.
Some banks even offer lower interest rates to an individual with high scores. But people normally get to know about their credit score after they apply for home loans or other loans and sometimes even have to pay to get their CIBIL score information.
But all that hassle may be over now as they can get the same information absolutely free on WhatsApp. Wishfin, a Fintech startup, has integrated with Whatsapp to launch a new product called ‘Whatsapp for Credit Score’. This is a first-of-its-kind facility where users will have access to their credit score on WhatsApp.
Source: Financial Express