Check Cibil Score With a Pan Card: Everything You Need to Know

Wondering if you can check CIBIL score with a PAN card? The answer is yes. As you may be aware your CIBIL score plays an essential role in your credit approval process. Lenders consider it a reflection of your repayment behaviour. If your CIBIL score is on the lower end, lenders may hesitate to approve your applications. 

By checking your CIBIL score with a PAN card, you can assess well in advance if you meet the credit score criteria set by a lender. Read on to learn how to check CIBIL score with a PAN card.

Steps to Check Your CIBIL Score Using a PAN Card

Here are the steps you need to follow to check your CIBIL score with a PAN card:

• Step 1: Visit the official website of CIBIL
• Step 2: Click on the ‘Get Free CIBIL Score & Report’ tab
• Step 3: Enter necessary details, including your name, gender, e-mail address and date of birth
• Step 4: Select PAN as the ID type for checking the CIBIL score and provide your PAN number
• Step 5: Click on ‘Accept and Continue’

Benefits of Using a PAN Card for Checking Your CIBIL Score

Check out the benefits of checking your CIBIL score with a PAN card:

• A PAN card helps banks and NBFCs evaluate a borrower’s personal and financial information via credit bureaus
• It aids in the verification and authentication process carried out by financial institutions
• It helps financial institutions during the loan and credit card approval process
• A PAN card makes the process of checking your CIBIL score easier and more inclusive

Important Factors That Influence Your CIBIL Score

Here are some key factors impacting your CIBIL score:

Credit Mix

You must have a healthy credit mix, including secured and unsecured credit. A credit card comes under the category of unsecured credit and a home loan is considered a secured loan. 

Having various types of credit demonstrates that you are adept at handling credit and the lender considers you a responsible borrower. This improves the chances of approval for future credit and helps maintain a healthy score.

Repayment History

Your credit repayment history plays a significant role in influencing your CIBIL score. Missing your loan EMIs and credit card bills impacts your CIBIL score negatively since it shows negligent repayment behaviour. 

To keep your CIBIL score high, prioritise timely repayment of your loans and credit cards. You can set reminders or opt for auto-debit facilities to help avoid missing any payments.

Credit Report Inquiries

When you apply for a credit card or a loan, the financial institution carries out a hard enquiry to assess your eligibility and creditworthiness. A hard inquiry can stay on your credit report for years. Therefore, you must try to avoid any hard inquiries. 

You can do so by applying for credit wisely. Make sure not to apply for multiple forms of credit simultaneously, as that can hurt your score.

Credit Utilisation Ratio

To maintain an optimal CIBIL score, you need to keep your credit utilisation ratio low. It refers to the amount of credit that you use in comparison to the sanctioned credit limit. A high credit utilisation ratio reflects a high reliance on credit that can impact your score. Ideally, you must try to keep your credit utilisation below 30%.

Now that you know how to check CIBIL score with a PAN card, take the necessary steps to maintain an ideal score. However, if you are new to credit or have a low score, there’s no need to stress as you can apply for a loan at Fibe. We don’t rely on credit scores and have an alternate scoring system, helping you get immediate access to funds. 

Get a Fibe Personal Loan to bridge your monetary gaps. You can get up to ₹5 lakhs instantly at affordable rates. Simply download the Personal Loan App or log in to our website and apply today!

FAQs on How to Check Your CIBIL Score with a PAN Card

Is it possible to check my CIBIL score using a PAN card?

Yes, you can easily check your CIBIL score with a PAN card.

How can I get loan details using a PAN card?

You can find your loan details and other financial information, along with your credit score, on your credit report. You can access your CIBIL report and score with a PAN card.

Will my CIBIL score be affected when I apply for a new PAN card?

No, applying for a new PAN card does not have an impact on your CIBIL score.