CIBIL score plays a crucial role in the process of securing credit from lending institutions. Lenders usually assess your creditworthiness before giving you a loan. A high CIBIL score is a reflection of your strong repayment history. And can increase your chances of getting a loan.
You can access a user-friendly platform like OneNDF that offers a free check CIBIL score by PAN card generating an inquiry. You can quickly acquire your CIBIL score by simply entering your PAN card details along with additional information that is required, like your registered mobile number, date of birth, PIN code, and email address.
Steps to check CIBIL Score by PAN Card On CIBIL Website
Step 1: Visit the official website of CIBIL:
Type “https://www.cibil.com/creditscore/” in your web browser’s address bar.
Step 2: Click on “Get Your Credit Score”:
On the top-right corner, look for the option ‘Get Your Credit Score’ and select it.
Step 3: Choose a subscription method:
Select the subscription option that suits your requirements, or proceed without subscribing.
Step 4: Enter your PAN Card number:
Input your correct PAN Card number associated with your financial records.
Step 5: Provide your e-mail address:
Enter your e-mail address to receive your credit score.
Step 6: Enter your Date of Birth:
Input your accurate Date of Birth in the specified format.
Step 7: Select your Gender:
Choose your gender from the options provided.
Step 8: Enter the captcha code:
Carefully enter the characters displayed on the screen to verify you are not a bot.
Step 9: Acknowledge the terms and conditions:
Read and accept the terms and conditions of using the CIBIL website and its services.
Step 10: Click on ‘Proceed to Payment’:
Proceed to the payment page to complete the process.
If you have checked your CIBIL Score before and have an e-mail ID and password, you can access your existing information.
Steps to check CIBIL Score by Pan Card for free
To generate a free Credit score report, all you have to do is follow these simple steps:
Step 1: Visit the OneNDF website.
Step 2: Click on the ‘Credit Score’ tab.
Step 3: Scroll down to and furnish a few basic details like Name, DoB, Gender, Mobile no., Address and PAN number.
Step 4: Click on Submit.
Step 5: Now validate your mobile number by entering the OTP received on your number.
Step 6: Viola!! Your Credit report will be generated for free.
Why do you need PAN Card to check your CIBIL Score?
The PAN Card serves as a common document that can effectively identify an individual through its unique PAN Card number. It holds significant relevance as it is associated with various financial and bank accounts of most individuals. This connection with multiple accounts allows credit bureaus to locate individual details efficiently, ensuring a smoother process when you use the PAN Card number to view your CIBIL score.
It’s important to note that the PAN Card number is solely utilised for the purpose of locating your credit information and authenticating it using the associated details.
If you don’t have a PAN, you can still request your CIBIL Score by utilising the identity proof number mentioned on alternative documents such as your Passport, Voter ID, or Driver’s License. These alternative identification documents can serve as valid substitutes for the PAN Card, ensuring that you can access your CIBIL Score even without the PAN Card in hand.
7 Tips to improve your CIBIL score
Tip 1: Pay your credit card bills and loan EMIs on time
Timely payment of your credit card bills and loan Equated Monthly Installments (EMIs) is crucial. Make it a priority to settle these obligations promptly to demonstrate responsible credit behaviour.
Tip 2:Opt for a higher credit limit if you are a frequent user
If you frequently utilise your credit card, consider requesting a higher credit limit. A higher limit can help maintain a lower credit utilisation ratio, which positively impacts your credit score.
Tip 3: Don’t use more than 30% of your credit limit
It’s advisable to keep your credit utilisation below 30% of your approved credit limit. This shows strong credit management and can boost your CIBIL score.
Tip 4: Avoid revolving your credit or paying less than the due amount
Avoid revolving your credit or making minimum payments, as it can negatively affect your credit score.
Tip 5: Check your eligibility for loans and credit cards and apply strategically
Before applying for loans or credit cards, assess your eligibility with different lenders. Focus on applying with the lenders where your chances of approval are higher, as multiple rejections can adversely impact your credit score.
Tip 6: Have a mix of secured and unsecured loan types for different tenures
Maintaining a diversified credit portfolio can be beneficial. Always go for a mix of secured and unsecured loans with different tenures.
Tip 7: Maintain a significant gap between two credit card applications
Applying for multiple credit cards within a short timeframe can raise concerns among lenders. To avoid this, maintain a reasonable gap between credit card applications.
Conclusion
Using your PAN card to verify your CIBIL score is an easy way to determine your creditworthiness. The PAN card acts as a unique identification number that enables credit bureaus to precisely locate your credit information. By carefully following the steps mentioned in this article, you can swiftly get your CIBIL score and learn more about your financial situation.
You may actively work towards boosting your creditworthiness and securing a more secure financial future by putting the suggestions to increase your CIBIL score into practice.
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FAQs
Is it safe to check CIBIL score by PAN Card online?
Yes. If you use trustworthy sources like OneNDF to check your CIBIL score online using your PAN card, you don’t have to worry about anything.
Is it okay to have two PAN cards?
It is illegal to have two PAN cards in your name. If you possess two PAN cards, then there is a penalty that must be paid.
Will my CIBIL score be affected if I update my PAN card?
No, your CIBIL score won’t get affected if you update/change your PAN card.
What is a good CIBIL score?
A score above 700 is usually considered good. It opens up various loan options for you at relatively low-interest rates.
How can I increase my CIBIL score?
Follow these simple tips to boost your CIBIL score:
- Pay your credit card bills and loan EMIs on time
- Opt for a higher credit limit if you are a frequent user
- Avoid revolving your credit or paying less than the due amount
- Check your eligibility for loans and credit cards and apply strategically
- Have a mix of secured and unsecured loan types for different tenures
- Maintain a significant gap between two credit card applications
