Check Your CIBIL Score with PAN Card

Updated on: 9 Dec 2024

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

Keeping your PAN card handy, you can check your score on the official website of TransUnion CIBIL. Here are the steps you need to follow:

Step 1: Click on the ‘Get Your Free CIBIL Score’ button
Step 3: Enter necessary details, including your name, e-mail address and date of birth
Step 3: Select PAN as the ID type for checking the CIBIL score and provide your PAN number
Step 4: Click on ‘Accept and Continue’

Follow the next steps to complete the OPT verification and get your free score and report.

You can also use your PAN number to check your credit score for free on Fibe. Follow these steps:

Step 1: On the Fibe website or app, navigate to ‘Check Credit Score’ section and click to proceed
Step 2: Enter your mobile number and add the OTP to verify it
Step 3: Add your email ID and verify the OTP you receive
Step 4: Fill in your personal details and add your PAN number
Step 5: Complete your KYC and get your credit score and report

Using a PAN Card for Checking Your CIBIL Score

A PAN card makes the process of checking your CIBIL score easier and more inclusive since:

It aids in the verification and authentication process carried out by financial institutions and credit information companies
It helps banks and NBFCs keep track of personal and financial information

Important Factors that Influence Your CIBIL Score

Want to know what makes your CIBIL score increase or decrease? This list has your answer:

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 experience with various types of credit demonstrates that you are adept at handling it all. This improves the chances of approval for future credit and helps maintain a healthy score.

Repayment History

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 reduce your score for a short period. Try not to apply for multiple forms of credit simultaneously, as that can hurt your score.

Credit Utilisation Ratio

To maintain an optimal CIBIL score, 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 ratio reflects a high reliance on credit that can impact your score negatively. Ideally, you must try to keep your credit utilisation below 30%.

Credit History Duration

The age of your credit accounts plays a significant role in your credit score. A longer credit history indicates that you have had time to prove your ability to manage credit responsibly.

Lenders often view a well-established credit history as a sign of stability and financial reliability, making it easier to qualify for future credit.

Status of Unresolved Loans

Any old loans marked as ‘settled’ or remaining open, especially if they were not fully paid off, can negatively affect your CIBIL score.

If you have any unresolved loans in your credit history, it’s advisable to settle the outstanding balance and request the lender to officially close the account. This will help prevent any ongoing negative impact on your credit score.

Errors or Discrepancies in Credit Reports

Errors in your credit report, whether from credit bureaus or lenders, can sometimes lead to an inaccurate reflection of your credit status, ultimately damaging your credit score.

To avoid such issues, it’s essential to regularly monitor your credit report for discrepancies. If you spot any mistakes, you must dispute them with the relevant parties to ensure that they are corrected promptly.

Now that you know how to check your 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. For this, you need to visit the CIBIL website or check your score for free on the Fibe App or website.

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.