Hard Inquiries vs Soft Inquiries: CIBIL Score Impact

Lenders check your credit file before approving credit. These requests are tracked as inquiries. Here is how they differ:

• Soft Inquiries: Happens when you check your own score on portals like EASYCRED. Has ZERO impact on your CIBIL score.
• Hard Inquiries: Initiated by banks when you apply for a credit card or loan. Each hard inquiry can shave off 5-10 points from your score.