It is important to ensure to check CIBIL score by PAN card or route for the free credit score check website to get an idea about your credit standings. CIBIL score is looked upon as one of the crucial parameters in the credit card or loan approval procedure. It is computed using distinct parameters like the applicant’s credit history, financial well-being, and past loans.
Considering its significance, it is considerably simple for you to check out your credit score. You can check up your score using your PAN card, Aadhaar card, voter ID or driving license. Also, there are various mobile apps that permit you to check up to conduct free credit score check. PayTM, MyMoneyMantra, Paisabazaar, and Bankbazaar, are a few such digital mediums through which you can check CIBIL score by PAN card. These mediums use a user-friendly and straightforward process that permits you to fetch your credit score report in 1-2 minutes.
Read on to understand how you can figure out your CIBIL score –
How to review your credit score using your PAN card?
Ensure to download any of the preferred apps – PayTM, Bankbazaar or Paisabazaar on your phone to check your credit score using your PAN card. Once you log in, ensure to verify yourself on the app and complete the listed steps –
∙ Login to your mobile app.
∙ Visit the ‘loan & credit card’ option.
∙ Choose the ‘free credit score’ option
How to review your credit score on the CIBIL site?
Besides using official documents like an Aadhaar card, PAN card and others, you must even check your credit score on CIBIL’s official site. Here are some of the important measures you must take –
∙ Sign into your official CIBIL site.
∙ Click on the ‘get your CIBIL score’ option.
∙ Choose the subscription plan as per your preference.
∙ Input the required details like your registered email address, mobile number, birth date, etc.
∙ Create a passcode for your bank account.
∙ Select PAN as the ID type and input your PAN card number.
∙ Authenticate and identify and input the needed info.
∙ To complete the process, visit the make payment tab.
∙ In case you just want to check your score once, you can choose to cancel your subscription.
∙ You must sign in to your account now through your email ID or OTP.
∙ Fill out all the needed info and hit on the submit option.
∙ On the next screen, your credit score will display.
Why is your PAN card crucial for checking your CIBIL score?
A PAN card provides a unique identity per individual in form of a 10-digit alphanumeric number. Note that this number is nothing, but the card number linked with all your bank accounts and financial institutions.
∙ PAN even aids in locating your info through credit bureaus.
∙ PAN card details just are used to locate credit details and verify your info.
∙ If you as a user do not hold a PAN card, you can check your CIBIL score through your passport, voter ID, and driver’s license on the official CIBIL site.
∙ Your score is one of the crucial things that the lender ensures to check when you place an application for a credit card or loan to know about credibility. This is to decide your potential to repay timely debt. A strong score ameliorates your chances of availing loan application approval.
∙ Note that most online financial platforms allow you to check your credit report for free with monthly updates while you require paying a charge on the CIBIL site to check the score. However, you must ensure to provide your PAN because this is one of the documents through which you can know your score online at zero cost.
Additional Reading: Check CIBIL Score by Pan Card
What is the step to check out your CIBIL score through PAN details?
Note that online financial platforms provide you with a free CIBIL score report along with your monthly update. To get a free CIBIL report through PAN, follow the below steps –
Step no. 1 – On the credit score application form, input your personal information like your name, date of birth, PIN code and others.
Step no. 2 – Input your PAN (permanent account number) and authenticate the details through an OTP code received on your registered phone number.
Step no. 3 – Click on the button ‘get your credit score’
Once you are done, you will get redirected to your created account on the online financial platform, wherein your score will show up. Also, you can review your score from multiple credit bureaus in distinct languages i.e., Tamil, Kannada, Hindi, and Marathi to get monthly updates about your credit score.
What is the effect of a PAN change on your CIBIL score?
If your PAN card is stolen or lost and you have requested a duplicate PAN, then this will not have any kind of effect on your credit score as your PAN details will stay the same. But if you hold 2 distinct PAN, it is recommended to surrender one to avoid any problems arising in the future owing to this.
Also, availing a new PAN may impact your score. It is because your score is dependent on your past credit background, which is mapped as per your existing PAN. So, in case you apply for the new PAN, then a database of TransUnion might show up as a red flag on your bank account.
If I don’t have my PAN card or have lost it, then will this impact my score?
If you have lost your PAN or have requested a replacement, then your credit score will not get impacted as the PAN number stays the same.
Is it fine to have 2 PAN cards?
The possession of 2 PAN cards is considered a punishable offence. You may incur a penalty if you have 2 PAN.
Is it possible for you to check your credit score if you do not have a PAN?
Yes, even though you do not have a PAN, you can ensure to check out your credit score. You can check your score using your Aadhaar card or passport details.