Wishfin: CIBIL Score Check App 19.01

The Wishfin CIBIL Score App offers a comprehensive platform for users to monitor and manage their credit health. By providing free access to credit scores and detailed reports, it enables individuals to keep track of their repayment status effectively. Additionally, the app simplifies the process of applying for personal loans and credit cards, often with instant approval.

Key Insights on CIBIL Score:

• A CIBIL Score is a three-digit representation of one's creditworthiness, ranging from 300 to 900. Scores of 700 and above are generally regarded as excellent by financial institutions, highlighting the importance of regular monitoring.
• Wishfin is recognized as the first official fintech partner of TransUnion CIBIL, ensuring that users receive their official credit scores directly from the provider.
• Checking your CIBIL score via the Wishfin App does not affect your actual credit score.
• All personal information entered in the app is transmitted securely to TransUnion CIBIL, ensuring privacy and protection.
• A score of 0 or -1 simply indicates a lack of credit history, meaning that a score cannot be assigned until some credit activity occurs.

Features of the Wishfin App:

• Free access to check your CIBIL score for a duration of 12 months.
• Monitoring functionality for card repayments and credit utilization.
• A detailed credit report along with a summary of credit history is available.
• Monthly credit score progress can be tracked.
• Personal loan options are suggested based on your free CIBIL score, with offerings from leading non-banking financial companies (NBFCs) such as Tata Capital Limited and IIFL Finance Limited.

Important Considerations for Personal Loan Applicants:

• Loan amounts can vary from ₹10,000 to ₹50 lakh.
• The Annual Percentage Rate (APR) may differ based on the applicant’s profile, typically ranging from 10.50% to a maximum of 28%.
• Repayment terms can be set between a minimum of 12 months up to a maximum of 60 months.
• A processing fee may apply, ranging from 2% to 4% of the loan amount.

Representative Example:

For a principal loan amount of ₹500,000 with an APR of 20% over three years, a breakdown of costs would be:

• Equated Monthly Installment (EMI): ₹18,582
• Total Interest Charges: ₹168,945
• Loan Processing Fees (2%): ₹10,000
• Documentation Charges: ₹500
• Amortization Schedule Charges: ₹200
• Total Cost of the Loan: ₹679,645

Please be aware that any changes in payment modes or delays in EMI payments may incur additional charges based on the lender's policy. Pre-payment options may vary and associated fees will depend on the specific lender conditions.

Credit Card Application Process:

• The application process for credit cards through Wishfin is designed to be efficient and straightforward.
• Users receive instant approval for credit card applications from various top banks in India.
• Comparing credit cards enables users to select those that best suit their needs while exploring available features and rewards.

Reasons to Download the Wishfin CIBIL Score App:

• A holistic approach to credit management allows you to track your score while accessing low-interest personal loans within one platform.
• User data is kept confidential and secure, ensuring that information is not shared without consent.

About Wishfin:

Wishfin operates customer-centric financial marketplaces leveraging proprietary technology. The platform enables users to discover suitable banking solutions tailored to their needs. With over 56 million customers and more than ₹25,000 crore disbursed in credit through its services, Wishfin has established itself as a significant player in financial management.

Contact Information:

• Helpdesk: +91-8882935454
• Email: [email protected]