How to Check CIBIL Score by PAN Card Online?

In today’s dynamic landscape, a good credit score is required to obtain loans and credit cards. Your credit score shows your creditworthiness and is used by lenders to assess your capacity to repay loans. The Credit Information Bureau (India) Limited, or CIBIL, is one way to check your credit score. In this article, we’ll go through the process of a CIBIL Score check by PAN card, making it easier than ever to keep track of your credit health.

What is the Significance of Your CIBIL Score?

For the following reasons, your CIBIL score is critical:

• It assists lenders in determining your creditworthiness and the consequences of lending you money.
• A good credit score might help you get low-interest loans and credit cards.
• If you have good credit or CIBIL score, it increases your chances of getting a higher loan amount, along with a longer repayment tenure. 

Process of Checking the CIBIL Score with PAN Card

Keeping a decent credit score is an essential component of personal finance. A credit score is a three-digit figure that reflects your creditworthiness and is used by lenders to assess your capacity to repay loans and credit cards. 

A good credit score can assist you in obtaining loans, credit cards, and lower interest rates. A low credit score, on the other hand, can limit your financial options. As a result, it’s essential to regularly monitor your credit rating. One of the most reliable sources in India to obtain your credit score is Credit Information Bureau India Ltd or CIBIL.

The following steps shall be taken for the CIBIL score check by PAN card: 

• Step 1: Click on the option “Get your CIBIL score” at the official website of CIBIL. 

• Step 2: You need to provide your personal information, including name, date of birth, gender and PAN card number. Ensure that details are correct so as not to have any problems.

• Step 3: CIBIL will ask you to verify your identity by answering a few questions related to your credit history, such as loan details, credit card information, etc.

• Step 4: After verifying your identity, you’ll need to pay a fee to obtain your credit score. The fee varies depending on the subscription plan you choose.

• Step 5: Your CIBIL score will be displayed on the screen once you complete the payment process. You can also receive a copy of your credit report via email.

Things to Consider When Checking Your CIBIL Score

When verifying your CIBIL score, bear the following points in mind:

• To stay on top of your creditworthiness, check your credit score on a frequent basis.
• To avoid problems, ensure that the personal information you submit is correct.
• Pay the charge as soon as possible to avoid any delays in receiving your credit score.
• Examine your credit report thoroughly to ensure there are no inaccuracies or anomalies.

Conclusion 

Routinely reviewing your CIBIL score is a vital step in preserving your financial health. With the simplicity of obtaining your score online with your PAN card, there’s no reason not to keep track of your credit score. You’ll be able to maintain a close check on your creditworthiness and take proactive efforts to enhance it if you follow the procedures indicated in this article. Remember that a good credit score can lead to better financial chances, so don’t put off your free CIBIL score check any longer!

FAQs

Q1. What is considered an ideal CIBIL score? 

The CIBIL score is a three-digit number ranging between 300-900. An ideal CIBIL score is anything above 750. A score of 750 or above increases your chances of getting your loan approved in no time with low interest rates. 

Q2. How to improve your CIBIL score? 

To improve your CIBIL score, you should make timely debt repayments, keep your credit report in check, make sure to maintain a credit utilization ratio, and have a lengthy credit history.