Check CIBIL Score by PAN Card: Easy Steps

December 6, 2023
9:05 am

Your CIBIL score is a measure of your creditworthiness, based on your credit history and repayment behavior. It ranges from 300 to 900, with higher scores indicating better credit health. A good CIBIL score can help you get faster approvals, lower interest rates, and better terms for loans and credit cards.

One of the easiest ways to check your CIBIL score is by using your PAN card number, which is a unique identifier for your financial transactions. In this blog post, we will explain how you can check your CIBIL score by PAN card in a few simple steps.

Steps to Check CIBIL Score by PAN Card

There are many websites that offer free or paid services to check your CIBIL score by PAN card. However, the most reliable and authentic source is the official website of TransUnion CIBIL, the credit bureau that generates your CIBIL score and report.

Check Your Cibil Score in Free.

Here are the steps to check your CIBIL score by PAN card on the CIBIL website

Step:1 Visit the CIBIL official website and click on ‘Get Your Free CIBIL Score’.

Step:2 An online form will pop up where you must fill in details like your name, email ID, mobile number, date of birth, gender, and address.

Step:3 Under ‘ID Type’, select ‘Income Tax ID Number (PAN)’. Type in your PAN Number in the ‘ID Number’ field.

Step:4 Enter the captcha code and agree to the terms and conditions. Click on ‘Submit’.

Step:5 You will receive an OTP on your mobile number and email ID. Verify your identity by entering the OTP.

Step:6 You will be able to access your CIBIL score and report online. You can also download a PDF copy of your report for future reference.

Benefits of Checking Your CIBIL Score by PAN Card

Checking your CIBIL score by PAN card has several benefits, such as:

It is quick and easy. You can check your CIBIL score by PAN card in a matter of minutes, without any hassle.
It is accurate and up-to-date. Your PAN card number helps CIBIL to fetch your credit information from various sources and compile it into a comprehensive report.
It is free once a year. You can check your CIBIL score by PAN card for free once every 12 months, as per the RBI guidelines. If you want to check it more frequently, you can opt for a paid subscription plan.
It helps you improve your credit health. By checking your CIBIL score by PAN card, you can get a clear picture of your credit status and identify any errors or discrepancies in your report. You can also take steps to improve your score by paying your dues on time, maintaining a low credit utilization ratio, and avoiding multiple loan applications.

Suggested Read: Top Benefits of High CIBIL Score

Why you need PAN Card for Checking CIBIL Score

PAN card is a unique and secure identity proof for checking CIBIL score.
PAN helps CIBIL aggregate your credit information easily and accurately.
PAN is only used to locate and authenticate your credit information.
Other ID proofs like passport, driver’s license, or voter ID can also be used to check CIBIL score on CIBIL website.

Suggested Read: How to Stop Loan App Harassment

Factors which affects your CIBIL Score

Repayment history is the most important factor affecting CIBIL score.
Credit utilization ratio should be below 30% for a good CIBIL score.
Credit age reflects the length and stability of your credit history.
Number of enquiries should be minimized to avoid lowering your CIBIL score.
Credit mix shows your ability to handle different types of credit products.

How to Improve your CIBIL Score

The status of old loans should be closed or cleared to avoid negative remarks on your CIBIL report.
Errors in your credit report should be corrected as soon as possible by raising a dispute with CIBIL.
Timely payments of credit dues and loan EMIs improve your CIBIL score and avoid penalties.
Low credit utilization ratio indicates your financial prudence and management.
Balanced mix of secured and unsecured loans enhances your credit score and eligibility.
Regular examination of CIBIL report helps you monitor and improve your credit performance.
Resolution of any issues or comments in CIBIL report restores your credit score and reputation.

Conclusion

Your CIBIL score by PAN card is an important indicator of your financial health and credit eligibility. By checking your CIBIL score by PAN card regularly, you can monitor your credit performance and take corrective actions if needed. You can also leverage your CIBIL score by PAN card to get the best deals on loans and credit cards from various lenders.

FAQs on Check CIBIL Score by PAN Card

Q: What is CIBIL score and why is it important?

CIBIL score is a three-digit number that reflects your credit history and repayment behavior. It ranges from 300 to 900, with higher scores indicating better credit health. It is important because it determines your eligibility and terms for loans and credit cards.

Q: How can I check my CIBIL score by PAN card?

You can check your CIBIL score by PAN card by visiting the official website of TransUnion CIBIL or any other online platform that offers free or paid services to check your CIBIL score. You need to fill in your personal details, select PAN card as your ID type, enter your PAN number, verify your identity with OTP, and access your CIBIL score and report online.

Q: How often can I check my CIBIL score by PAN card for free?

You can check your CIBIL score by PAN card for free once every 12 months, as per the RBI guidelines. If you want to check it more frequently, you can opt for a paid subscription plan from CIBIL or other online platforms

Q: How can I improve my CIBIL score by PAN card?

You can improve your CIBIL score by PAN card by following some good credit habits, such as paying your credit card bills and loan EMIs on time, maintaining a low credit utilization ratio, having a balanced mix of secured and unsecured loans, checking your CIBIL report regularly for errors and disputes, and resolving any issues or comments in your CIBIL report.

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