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Check CIBIL Score by PAN Card

How to get Check CIBIL Score by PAN Card

Last Updated 30th Oct 2020

A Credit Report is a summary of all the credit activities undertaken by you till date. From your first credit availed to your last payment of credit dues, it includes all the information. Banks and NBFCs use the Credit Report to assess the credit behaviour and credit-worthiness of credit applicants.

  • Get free credit score using PAN on CIBIL's website once a year.
  • Free Credit Score Check online at MyLoanCare.in.
  • Get a subscription from CIBIL to check your credit score at regular intervals.
  • Know CIBIL Score by using your details such as Name, Date of Birth and other Identity Proof if you don't have a PAN Card.
  • Knowing your Credit Score can help to review the irregularities in credit reports or to improve the credit scores.

Check CIBIL Score

To avail a loan from lending institutions such as Banks or NBFCs, you need to fulfil specific eligibility criteria, and one of those is having a good credit score. A credit score gives a snapshot of financial health based on past financial transactions and history and indicates whether the borrower can repay the credit on time.

Most of the banks check credit score provided by CIBIL before availing a loan. CIBIL is the most popular and oldest credit bureau in the country that provides credit scores based on financial transactions of the last six months ranging between 300 and 900, where 900 is the highest credit score.

How can you get a free credit score by PAN Card?

Individuals can also check their credit score to review the irregularities in their credit reports and to improve their credit scores. If you want to get a free credit report, you can visit the official web portal of CIBIL and check your Credit score once a year.

However, if you want to get a credit score at regular intervals, you can opt the below-mentioned methods.

  • Get a subscription from the CIBIL.
  • You can also get your credit score free at regular intervals through online marketplaces like MyLoanCare.

Why do you need PAN Card details to check the CIBIL Score?

To check your CIBIL score online through CIBIL website, you would require the details of your PAN Card. It is a common document that serves as an identity proof and contains records about significant financial transactions. Also, if you want to avail a credit or loan, banks ask you to submit PAN Card mandatorily. Thus credit bureaus can easily locate your credit details efficiently as PAN is associated with all financial and bank accounts of most individuals.

How to Check CIBIL Score by PAN Card?

Some of the common ways to get your CIBIL Score by PAN Card are:

  • CIBIL Website
  • Paytm

Steps to check CIBIL score on CIBIL website

To get a Free Credit Score, you need to follow the below-mentioned steps.

  • Visit https://www.cibil.com/freecreditscore/.
  • Now, enter details like full name, date of birth and gender.
  • Choose 'Income Tax ID Number (PAN) under the identity proof section and Enter PAN number.
  • Now, choose the income type and monthly income.
  • Next, enter your address, telephone number and email address and click on 'Submit'.
  • Finally, you will get your FREE credit score within 24 hours in your inbox.

If you have taken a subscription of CIBIL, you can get a Credit report by following the below-mentioned steps.

  • Firstly, visit CIBIL's official website by clicking on https://www.cibil.com/.
  • Now, on the top right option, click on 'Get Your Credit Score'.
  • Next, choose the subscription method.
  • Enter your PAN Card number, e-mail address, Date of Birth and captcha code etc.
  • Finally, accept the terms and conditions and click on "Proceed to Payment'.
  • You will now receive a Credit report on your Email Id in the next 24 hours.

Steps to check CIBIL score on Paytm platform

Paytm a common digital platform app for online shopping and utility payments can also be used to check your CIBIL score. To know the CIBIL score on Paytm app, follow these simple steps.

  • First, log in to your Paytm platform.
  • Now, type Credit Score in your Search Tab.
  • You will then be redirected to a new page. Submit your details such as PAN card number, date of birth and CAPTCHA code and click on Submit.
  • You can now view your CIBIL score.

What if you don't have A PAN Card?

If you don't have a PAN Card, you can request to get access to your CIBIL score by using your personal details such as Name, Date of Birth, Identity Proof number of another document, Address, and mobile number etc.

Impact of New PAN Card on your CIBIL Score

If you have lost your PAN card or it is stolen, you can request for a duplicate PAN card, and it won't affect your Credit Score as your PAN number remains the same. However, if you don't have your PAN number and you have requested to get a new card, then the PAN number will change, and it will impact your Credit Score.

Other Factors that impact your CIBIL Score

These are the factors that may impact your CIBIL score.

  • Past payments: The credibility of the borrower is determined by the capacity to pay the debts. Thus, if the borrower fails to make the payments on time or turns into a default, then the credibility of the person gets affected, thus leading to the poor credit score.
  • Debt to income ratio: If an individual has taken multiple loans and the sources of income are less as compared to the debts taken, then it indicates the poor credit score.
  • Types of enquiries made: A soft inquiry made by the lender or the borrower to know about the credit history does not appear on the credit report. However, if multiple lenders check your credit score, then it can hurt your credit score.
  • Utilisation of credit cards: Missing the credit card payments and having a high credit utilisation ratio in credit cards also impacts your credit score negatively.

FAQs

What is the CIBIL score for a new PAN card?

If you have requested for a new PAN Card and do not have a PAN number, then the CIBIL Score will be impacted severely, and it will show a red flag on your account.

How is the CIBIL score calculated?

CIBIL Score is calculated by analysing the financial record of the past six months on the defined parameters. To quantify the creditworthiness of the individual, the data connected with the loans, credit cards and investments made by the individuals are analysed, processed and then represented in the credit report. Some of the parameters for calculating CIBIL Score are repayment of loans and credit card bills, Debt-Income ratio, Credit Utilisation ratio etc.

Is it safe to check your CIBIL score online?

Yes, it is safe to check your CIBIL score online. You can get a free credit report online through CIBIL website or Online marketplace like MyLoanCare without hurting your credit score.


Our News - Oct 2020
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    To assess the credit quality customers in the small and medium enterprises (SME) segment, Bank of Baroda and CRISIL have signed a memorandum of understanding (MoU). CRISIL will assess the SMEs by analyzing the data streams through its digital platform its proprietary platform for data and analytics. This facility will be available for both existing and prospective customers from the SME segment, the lender said.
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