Your PAN (Permanent Account Number) card is a unique identifier issued by the Income Tax Department of India. It is a critical document for financial transactions, including filing taxes and availing of loans. When it comes to checking your CIBIL score, your PAN card serves as a unique identification tool that links your credit history across financial institutions.
The PAN card ensures that the credit report retrieved is accurate and specific to you. Since your PAN is linked to your financial activities, including loans and credit card transactions, it helps credit bureaus like CIBIL compile a comprehensive and precise credit report for you.
Is it safe to do CIBIL check by PAN card on the internet
Yes, it is entirely safe to check your CIBIL score using your PAN card, provided you use trusted and secure platforms like Bajaj Finserv. Reputable platforms use advanced encryption technologies to protect your personal and financial information.
To ensure safety, always:
- Use a secure website or app with HTTPS encryption.
- Avoid sharing your PAN details on unverified platforms.
- Regularly monitor your credit report for any discrepancies.
Bajaj Finserv offers a reliable and secure platform to check your CIBIL score by PAN card, ensuring your data remains confidential.
Step-by-step process to check CIBIL score by PAN number
Checking your CIBIL score using your PAN card is a straightforward process. Follow these steps:
- Visit a trusted platform like the Bajaj Finserv website or app.
- Locate the ‘Check CIBIL Score’ section.
- Enter your PAN card number along with other required details such as your name, date of birth, and email ID.
- Verify your identity using an OTP sent to your registered mobile number.
- Access your CIBIL score and detailed credit report instantly.
Actionable Tip: Use the Bajaj Finserv customer portal to check your CIBIL score for free and explore personalised loan offers based on your credit profile.
Information you need besides PAN card to complete CIBIL score check
To successfully check your CIBIL score, you will need the following details in addition to your PAN card:
- Date of birth: Ensure it matches the details on your PAN card.
- Mobile number: This must be registered with your financial accounts.
- Email ID: Used for verification and receiving your credit report.
- Name: Enter your full name as per your PAN card.
Having these details handy will make the process seamless and error-free.
Does CIBIL score check by PAN number reduce or impact your credit score
Checking your CIBIL score through trusted platforms like Bajaj Finserv does not negatively affect your credit score. This is because it falls under the category of a "soft inquiry," which is initiated by you to assess your credit health.
In contrast, a "hard inquiry" is conducted by lenders when you apply for a loan or credit card. Multiple hard inquiries within a short period can lower your credit score. Therefore, it is advisable to check your CIBIL score regularly on your own to monitor your financial health without any adverse effects.
How many times you can do free CIBIL score check by PAN card each year
You can check your CIBIL score for free once a year on the official CIBIL website. However, platforms like Bajaj Finserv may offer additional free checks, allowing you to monitor your credit score more frequently.
Regularly checking your CIBIL score helps you stay informed about your financial health and take corrective actions if necessary. Use Bajaj Finserv’s platform to access your CIBIL score conveniently and at no cost.
Common issues while doing CIBIL check by PAN card and how to fix them
Here are some common issues you may encounter while checking your CIBIL score by PAN card and their solutions:
- Incorrect PAN details: Double-check the PAN number you have entered to ensure accuracy.
- Expired OTP: Request a new OTP if the previous one has expired.
- Mismatch in name or date of birth: Ensure your details match those on your PAN card.
- Technical errors: Use a different browser or check your internet connection.
For a hassle-free experience, use Bajaj Finserv’s secure and user-friendly platform.
How to read and understand the CIBIL score you checked with your PAN
CIBIL scores range from 300 to 900, with higher scores indicating better creditworthiness. Here is a breakdown:
- 750-900: Excellent – You are highly likely to get loan approvals.
- 650-749: Good – You may get loans but at slightly higher interest rates.
- 550-649: Average – Loan approval is challenging, and interest rates will be higher.
- Below 550: Poor – You need to improve your credit score before applying for loans.
Understanding your score helps you evaluate your financial health and eligibility for Bajaj Finserv loans or EMI cards.
What is a good CIBIL score for Bajaj Finserv loans and EMI card after checking with PAN
For Bajaj Finserv loans and EMI Network Cards, a CIBIL score of 750 or above is considered ideal. It ensures quicker approvals and better loan terms.
If your score is below the required threshold, consider improving it by clearing overdue payments, reducing credit utilisation, and maintaining timely repayments.
