You can get 4 free credit reports each year
You can access one detailed report in the electronic form, free of charge, once a year, from each credit bureau
Some banks have started rewarding customers who have good credit scores with lower interest rates on big-ticket loans like a home loan. Bank of India, for instance, is currently offering home loans of Rs30 lakh and above at the marginal cost of funds based lending rate (MCLR) to borrowers with credit score of 760 and above. Borrowers with a lower credit scores pay 10 basis points more.