Last Updated on December 7, 2022 by ayan zaheer
Checking your credit score indicates both your creditworthiness and your capacity to repay loans, your CIBIL score is something that you should monitor closely. When it comes time to check your CIBIL score online, your PAN card is one of the many identifiers that can be used. Learn the intricacies of how to access your CIBIL report via your Permanent Account Number (PAN) card by reading this page. Continue reading to find out more!
Discover Your CIBIL Score Online for Free by Using Your PAN Number.
If you want to check your CIBIL score by PAN card then you have to follow these following steps which are stated below:
- You will be able to see your CIBIL report by using your PAN card if you have one.
- To obtain additional information, please go to the CIBIL website.
- Choose the link that says “Get your CIBIL score” if it appears in your homepage’s upper right-hand corner.
- If you would like to subscribe, please choose the way that works best for you, and then continue. Remember that if you only want to verify the same thing once, you can easily skip this and move on to the next step.
- A new tab will open with a form that requires you to enter your Personal Identification Number (PAN), birth date, email address, gender, and a captcha code. In order to proceed, please click the “Proceed to Payment” button after entering your full name, email address, and payment information into the corresponding text fields on this page.
After you have completed the steps above, you will be taken to a website where your CIBIL score will be displayed.
Why is it Necessary for Me to Have My PAN Card When Checking My CIBIL Rating?
If you do not have a valid PAN card, you will not be able to obtain your CIBIL report for the following reasons:
- Your PAN card is connected to all of your financial information, including banking information and other data
- Your PAN card number is one of a kind and only associated with you, it is much simpler for credit reporting bureaus to locate and get your credit history.
- Components of Your Credit Reporting and Information Service (CIBIL) Score That Are Subject to Your Control
The following factors can have an effect on your CIBIL Score:
- If you have a pattern of making payments late or if you are unable to pay your EMIs on time, this will have a negative impact on your CIBIL score.
- If you have a history of paying your EMIs and credit card bills on time, this will be reflected. This is one of the most important factors determining your score.
- If you have recently applied for and been approved for a number of different loans or credit cards, potential lenders will view your application with a high degree of skepticism. This is due to the fact that such activity is suggestive of a growth in your debt load, which has a negative influence on your credit score.
- Moreover, the higher your debt burden, the lower your credit score.
The Benefits of checking credit score online:
There are a lot of benefits that come with checking your credit report on a regular basis.
- Checking your credit score on a consistent basis can allow you to monitor your financial behavior and make informed decisions.
- If you are aware of the factors that can lower your credit score, you can take preventative measures to ensure that you receive the best possible terms on any future loans you may need, whether they are for a car, house, or other financial investment.
- If you are aware of the factors that can lower your credit score, you can take preventative measures to ensure that you receive the best possible terms.
- A credit score that is lower than expected might sometimes be the result of inconsistencies or errors in the data that is included in a person’s credit report.
- If you are aware of your most recent credit score, you will have access to a wider range of possibilities for credit cards as well as loans to choose from.
You may determine your credit rating or score by visiting the official website of CIBIL and logging in there. However, you should only check your credit score by Pan Card only once or twice, as conducting more than that could have a detrimental impact on the results.
CIBIL uses a point system that ranges from 300 to 900 for assigning individuals their own credit ratings. The better you do on this scale, the higher your score will be.
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