How to Check Your CIBIL Score By Using PAN Card

Credit Score

How to Check Your CIBIL Score By Using PAN Card

Your credit score is crucial in determining your ability to get a loan or credit card. It is a measure of your creditworthiness in numerical form. When you apply for a loan, the lending institution checks your credit score to decide whether to provide a loan based on your repayment capacity. If your CIBIL score is low, it projects you as a risky borrower with a high chance of default. On the contrary, a high credit score makes it easier to get credit. Maintaining a good credit score can also get you a loan with favorable repayment terms.

Given its significance, it is important to check your CIBIL score frequently. You can Check your Cibil score with your PAN card for free. A CIBIL score gives you a clear picture of where you stand financially and whether you qualify for a personal loan or not.

Step by Step Process of Checking Your CIBIL Score by Using PAN Card

A CIBIL score check with your PAN card is the easiest way to check your credit score. The PAN card is an official identity proof that the Income Tax Authorities of India issue to taxpayers. It is an important document that a person holds and also serves as a KYC document for multiple purposes. It is linked with various financial records, like your bank statements and IT returns, and it has the most accurate details about your financial status.

For those wondering how to check their CIBIL score with a PAN card, here’s how you can do it for free online.

You can use online platforms like OneScore to check your CIBIL score for free:

  • Download OneScore app
  • Open the app and click on “Check My Score”.
  • Enter details such as your name, mobile number, and PAN card details.
  • As soon as you enter these details, you will be redirected to a page where you can check your CIBIL score online for free in seconds.

Why Are Your Pan Card Details Needed to Check Your CIBIL Score?

The PAN Card is the most important document when it comes to checking one’s CIBIL Score. As everyone has a unique PAN, our financial and banking related data makes it easy for credit bureaus to locate details efficiently. Anyone can check their Cibil score for free by using a PAN card on websites facilitating Cibil score checks.

Does Change of PAN Card Affect Your CIBIL Score?

Yes, it does. If you have two PAN cards, you must surrender one to avoid confusion, as it might affect your CIBIL score. Every PAN Card has a credit history linked to it, and the same person carrying multiple PAN Cards may end up with conflicting credit histories. On the other hand, if you lose or damage your PAN card, you can apply for a duplicate copy at the Income Tax Department. Getting a duplicate PAN card does not impact your CIBIL score, as it does not change your PAN number.

Additional Read: Fix Your Credit Score

4 Important Factors That Affect Your CIBIL Score

  • Payment History: A borrower’s payment history is the most important factor. Borrowers with a good credit repayment history assure lenders of timely repayments, resulting in the best loan terms.

  • Multiple Enquiries on Credit: If a borrower’s credit report shows a lot of hard inquiries in the recent past, it has a very negative effect on their credit score. Multiple inquiries show the borrower in a bad light, giving the impression that they are desperate for credit.

  • Credit Utilisation Ratio: This is the amount of credit you use from the total credit limit put together. It is suggested by experts that borrowers keep their credit utilisation ratio low and ensure a good credit score.

  • Credit Mix: A credit mix is one of the most common variables used for calculating a borrower’s credit score. Borrowers with multiple credit accounts, such as a home loan, personal loan, and credit card, indicate that they can manage multiple types of debt at one time.

Frequently Asked Questions

1. Does applying for a new PAN card impact your CIBIL Score?

Applying for a new PAN card does not directly impact your CIBIL Score. Your credit behavior and payment history are the key factors influencing your credit score.

2. Is PAN card related to CIBIL score?

Your PAN card is not directly linked to your CIBIL score. However, a PAN card is often used as an identification document when accessing your credit report.

3. How can I check my full CIBIL score?

You can check your full CIBIL score by downloading the OneScore app and following the simple process for obtaining your credit score.

4. How can I check my loan details through a PAN card?

You can check your loan details through a PAN card by accessing your credit report, which contains information about your existing loans and their status.

5. How can I check my CIBIL score without impact?

You can check your CIBIL Score without any impact by accessing your credit report through the OneScore app. You only have to submit a few details, and you will get your report instantly.

To stay in charge of your credit accounts, Download OneScore

**Disclaimer: The information provided on this webpage does not, and is not intended to, constitute any kind of advice; instead, all the information available here is for general informational purposes only. Oneconsumer Services Private Limited and the author shall not be responsible for any direct/indirect/damages/loss incurred by the reader in making any decision based on the contents and information. Please consult your advisor before making any decision.

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