Your CIBIL score is your credit score as determined by TransUnion CIBIL, a credit rating bureau. It is a 3-digit number, ranging from 300 to 900, and is based on the information in your credit report. One easy way to calculate your CIBIL score is to get it from CIBIL itself by submitting your PAN card details, which serve as an identifier.
Since your PAN is linked with your financial accounts and tax payments, it helps CIBIL aggregate your data easily. You can check CIBIL score by PAN number, free of cost, once a year, or multiple times by paying the required fee. Here are the steps that you should follow to check your CIBIL score by PAN card.
Additional Read: CIBIL Dispute Resolution
Procedure to Check CIBIL Score by PAN Card
The best way to get your CIBIL score is to obtain it from CIBIL itself to ensure you can see the most recent updates. Follow these steps to carry out a CIBIL check by PAN number verification:
Log on to https://www.cibil.com/
Click on the button at the top right corner of the screen that reads: ‘Get your CIBIL score’
Choose one of the subscription plans
Provide details like your date of birth, mobile number and email address
Create a password that you will use to login
Select ‘Income Tax ID (PAN)’ as your ID type and enter your PAN number
Proceed to ‘verify your identity’ and answer all questions accurately
Complete the process at the ‘make payment tab’
If this is a one-time need, sidestep the subscriptions and proceed to your account
Login to your account by authenticating yourself via email or OTP
Enter details in the form that appears
Submit the form to see your CIBIL score displayed on the dashboard
Additional Read: Improve your CIBIL Score
Here are a few things to note as you go about this procedure:
You can check CIBIL score for free by PAN number verification, once a year.
You can also get your CIBIL score without a PAN card by using your passport, voter’s ID or driving license as your identifier.
In case of inaccuracies, you can initiate a dispute through CIBIL’s website online or by regular post.
Applying for a Loan after Checking your CIBIL Score
You are most likely to conduct a CIBIL check by PAN number free of cost just before you apply for a loan. This is a good thing to do as your eligibility partially hinges on your score. A score of below 700 indicates some financial hiccups in your credit repayment and experience. Thus, obtaining a loan may be difficult. A CIBIL score of 700 to 750 is good, especially for secured loans. Having a high credit score, of 750 and above, helps you obtain an unsecured loan like a personal loan quickly.
Another way to streamline your loan application further is to avail of funding via a pre-approved loan offer. One financial solution that comes with such an option is Bajaj Finserv’s Personal Loan. It offers you financing up to Rs.25 lakh at economical interest rates for a flexible tenor of 12 to 60 months. Its Flexi loan facility helps lets you borrow from your sanction in parts, pay interest only on what’s withdrawn and prepay at zero extra charges. Finally, you can pay EMIs that are lower by up to 45% when you choose to pay interest-only EMIs for the whole tenor. You can then repay the principal at the end of the term.
Additional Read: Personal Loan with Bad CIBIL Score
To get approval in under 5 minutes for this cost-effective loan, check your pre-approved Loan offer from Bajaj Finserv, and get instant approval for a customised deal.
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