How to check free CIBIL score online by PAN number
CIBIL score is a 3-digit number range between 300 to 900. The free credit score provided by ‘CIBIL’ stands for Credit Information Bureau India Limited. The score is accessible to any credit card holder based on the data on the credit report which depends on factors like the financial activities of users, credit history, and any loans in the past, etc. Cardholders can check their CIBIL score in multiple ways online including Aadhar Card, PAN card details, Passport, Voter ID, etc. In this article, we are specifically going to understand how to check free CIBIL scores online by PAN number.
What does the credit score range mean?
Before we proceed with the steps to get CIBIL score through PAN Card it is very important to understand what these numbers mean and how they impact the creditworthiness of users. For any loan or credit card approval process credit score plays a big role, it justifies the financial well-being of any individual and provides financial institutions an insight into the credibility of the user.
CIBIL Score Range:
| CIBIL Score Range | Rating |
| 750-900 | Excellent |
| 650-750 | Good/fair |
| 550-650 | Average/Needs Improvement |
| 300-500 | Poor/Immediate Action required |
Factors that influence CIBIL Score:
List of the factors that negatively impact the CIBIL score of any individual are:
Poor Payment Behaviour
Delayed or missed payment of any EMIs or credit card due amount is a major parameter that influences your credit score. Responsible payment on time is considered by creditors for the approval process. Repayment has to be on time. It marks the positive attribute towards the CIBIL score determination.
Requesting multiple Credit applications
Submitting multiple credit requests in a short period also creates a hindrance to your credibility. If your recent application is denied for any loan or credit application it is highly advised to wait for some time, before trying for the other application as it makes you seem like a credit hunter.
High Credit Utilization Ratio
As per the experts, the Credit Utilization ratio should not surpass the 30% of your credit limit. The credit utilization ratio refers to the amount of credit accessed in proportion to the credit limit available to you. High usage will again negatively influence your credit score as it increases the chances of defaulting.
How to check a free CIBIL score using a PAN Card
A PAN Card is a government-registered document that is connected with your financial accounts, bank institutions, and tax payments. It is an identity proof that provides a unique number to every individual and differentiates them. It allows CIBIL to accumulate all the required information to present the score. Let’s check the steps to get a CIBIL score using a PAN card:
- Visit CIBIL’s official website.
- Select the option available on the top right displaying ‘Get your Credit Score’ and it will redirect to the page where you have fill the requested information.
- Enter your E-mail address and password, First name, and Last Name.
- Select the PAN Card in the ID type section as it provides you the option to choose from multiple IDs.
- Enter your PAN ID number, DOB, PIN CODE, and Mobile Number.
- Accept the Terms and Conditions and proceed.
- A detailed report with a credit score will be displayed.
With CIBIL’s official website, users can access free reports and score analysis once a calendar year. However, they offer subscriptions or plans to choose from to avail unlimited credit scores and reports.
- Visit the official website and choose a plan type.
- Choose the mode of delivery for the score and report.
- Once the payment is done on the following screen their CIBIL score is displayed.
- Users can opt for a copy of the report emailed to them on their registered Email ID or a physical copy delivered to their address.
Why is a PAN card important to check the CIBIL score?
PAN stands for permanent account number is a 10-digit alphanumeric sequence number. It is a unique number differentiating one individual from another. PAN is generally linked with other identity proofs and financial accounts. It acts as an aggregated data source for the credit bureaus to track down your information easily.
The importance of a PAN Card is to validate the user's information. If cardholders don't have a PAN card they can still check their CIBIL score through various other documents including a Driver’s license, Aadhar Card, Ration Card, etc. In case users want to access the electronic PAN Card check out how to download e-PAN Card.
FAQs
- How often should one check their CIBIL score?
Cardholders can check their CIBIL score as often as they want to. However, we suggest checking it regularly to avoid any discrepancies or errors and have a clear picture of your creditworthiness. Regular monitoring can reduce the chances of any dispute and if there is any issue it can be rectified within the timeframe.
- How is the CIBIL score related to PAN?
CIBIL or Credit score depends on your financial behaviors within your credit card along with any loan activities involved. So as your Bank accounts are all linked with your PAN number that’s how the CIBIL score is related to the PAN. - Applying for a new PAN Card will hinder the previous CIBIL score?
CIBIL score is based on the credit or loan activities linked to your PAN Card. After the issuing of a new PAN Card if you are checking your CIBIL score with that, then yes the CIBIL score may vary. However, if an individual already has one PAN Card then applying for another is considered a serious offense.
- What minimum credit score is required to apply for any loan?
No fixed number is viewed as the minimum score value. A score ranging between 750-900 is considered a good score value and it increases the probability of loan approvals faster.
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