Check Your Free CIBIL Score by PAN Card
Every time you want to borrow money or apply for a credit card, it is crucial to monitor your CIBIL score. One of the key considerations in determining whether to approve someone for a loan or credit card is their CIBIL score. It is determined by taking into account a number of variables, including the applicant’s credit history, prior loans, and financial situation.
Given its importance, checking the CIBIL score is rather straightforward. Using your Aadhar card, PAN card, passport, driver’s licence, or voter ID, you can check your CIBIL score. You may also check your CIBIL score for free online by a pan card or you have a variety of mobile applications.
How To Check CIBIL Score on the CIBIL Website By Pan number?
Follow these steps to check cibil core free online by pan number-
- Go to the CIBIL website at https://www.cibil.com.
- In the top right corner of the page, select the “Get Your Credit Score” button.
- Alternately, you can go straight to https://www.cibil.com/creditscore/.
- If necessary, pick a subscription method.
- Enter information such as your full name, birthdate, and gender.
- Enter your PAN Card number in the identity proof section.
- Enter your phone number, address, and email in the following field.
- Type the captcha code in.
- Recognizing the terms and conditions
- Then select “Proceed to Payment.”
Why is the PAN Card Required to Check the CIBIL Score?
Every person has a distinct identification thanks to their PAN card, which contains a 10-digit alphanumeric number. This is the card number linked to all of the PAN cardholder’s bank accounts and financial institutions.
PAN helps find the applicant’s information from credit bureaus as well.
Only credit details and user information are authenticated using the PAN card number.
On the official CIBIL website, users without PAN cards can check their CIBIL scores using their passport, driver’s licence, or voter ID.
How to Raise Your CIBIL Score?
The following advice will help you raise your CIBIL score if it is low:
- Pay your loan EMIs and credit card bills on time.
- Choose a greater credit limit if you are a frequent user.
- Use no more than 30% of your available credit.
- Never cycle your credit or make a partial payment.
- Examine your eligibility for loans and credit cards, then submit an application to the lenders with the best approval rates.
- Regularly check your credit report for any inconsistencies or mistakes.
- mix different tenures of secured and unsecured loan types.
- Keep a long time in between applying for two credit cards.
Factors That Affect the CIBIL Score
Length of Credit History: Your credit history’s age provides a clear indication of how financially sound you are. In essence, it indicates that you have had a substantial amount of credit history, which enables the lender to assess your credit management abilities more accurately. However, without an older credit history, it is difficult for lenders to determine your repayment habits. Lenders are likely to hesitate to provide funds under uncertain circumstances.
Credit Utilization Ratio: Your desire for credit is indicated by your credit utilisation ratio. It is the proportion between your credit use and the overall credit limit that is accessible to you. The credit bureaus have a bad impression of your profile when you use your credit more than you should. It essentially raises the likelihood that you’ll miss a loan payment. As a general rule, keep your credit consumption to between 25 and 30 percent of the credit that has been provided to you.
Existing/Outstanding Debt: Your credit report will be greatly impacted by unpaid debt. Make sure to pay off any outstanding debt as soon as possible. Unpaid debt history might negatively affect your score significantly. Make sure to pay back both large and small sums as soon as possible.
Credit Mix: The variety of credit accounts you have compared to your loan portfolio has a significant impact on your credit score. The total amount of secured and unsecured credit lines in your name makes up your portfolio. A secured loan is one that is supported by collateral in the form of an asset, as the name suggests. Collateral is used as security for a non-secured loan. Your capacity to effectively handle the various available loan options is demonstrated by your ability to service a mix of loan EMIs and credit card dues. Your credit history is further strengthened, and your profile seems creditworthy as a result.
Credit Repayment History: Your ability to make credit repayments is revealed by your credit repayment history. It is also the main factor taken into account when calculating your credit score. Your capacity to meticulously satisfy your financial responsibilities by making on-time credit and EMI payments is demonstrated by your payback history. Your credit health is harmed and your credit score is significantly reduced when you fall behind on credit card payments or do not repay loans within the allotted time.
Read: How to Raise CIBIL Dispute?
Check Your Free CIBIL Score by PAN Card- FAQs
- How can I view the history of my PAN card loans?
Answer-Checking your credit record is the simplest approach to determine whether a loan has been disbursed using your PAN card. All credit cards and loans issued in your name are listed on your credit report. As a result, you will be able to determine whether any loans were made without your consent.
- Is a 700 CIBIL score good?
Answer-Your credit activity as shown in the “Accounts” and “Enquiries” section of your CIR is used to determine your CIBIL score, which has a range of 300-900. Most people consider a score of 700 or more to be good.
- What is the new PAN card’s CIBIL score?
Answer-Your CIBIL score won’t be impacted if you change your PAN card or number. Other information on your credit report includes your date of birth, banking activity, residential address, etc. Therefore, the CIBIL software will typically display a warning in your account if your PAN changes.
- How long is a valid CIBIL score?
Answer-If you have a current CIBIL Subscription, you can view your updated CIBIL Scores (previous version) for up to a year in the Score History part of the dashboard.
- How do I get rid of my CIBIL history?
Answer-By paying off credit card debt, limiting credit card usage, correcting any inaccuracies in the credit report, etc., a person can resolve their CIBILTM issues.