Borrowers can check their free credit score online using their PAN card. Your credit score is based on your past loan and credit card history, such as how you repay your debts. To see the latest credit score, you need to enter the same PAN number that is linked to your loans or credit cards.
Having a valid PAN card is very important in India if you want to take loans or use credit cards. A PAN card is a government-issued ID linked to your bank accounts, loans, and tax payments.
You can check your Free CIBIL score online for free using your PAN card. You can also get your credit report from different credit bureaus. Checking your credit score does NOT reduce or affect your score, because it is only for your information, not for taking a loan.
A CIBIL score is an important number that shows how well you repay loans or credit cards. It is a 3-digit number that banks and lenders use to check if your loan or credit card application should be approved. Checking your CIBIL score regularly helps you understand your financial health and make better money decisions.
What is a Credit/CIBIL Score?
A Credit Score is commonly called a CIBIL Score and is given by TransUnion CIBIL. It is a 3-digit number that shows your credit history and how trustworthy you are with money. This score ranges from 300 to 900. Your credit score tells banks and NBFCs how well you can repay loans or credit cards, based on how you handled credit in the past.
If your credit score is high, lenders see you as a low-risk borrower. It helps you get loans easily, at lower interest rates and better terms.Maintaining a good credit score is very important because it can affect many things in life, such as loan approval, renting a house, and sometimes even job opportunities.
Difference Between CIBIL Score and Credit Report
A CIBIL score is a number that shows how good your credit is. It is calculated from the details in your credit report and helps lenders judge your credit risk.
A credit report is a detailed record of your credit history. It includes information about your loans and credit cards, your payment history, the list of lenders who checked your credit, and any public records related to your credit.
Credit Score Companies in India
Credit scores are calculated by four main credit bureaus, also called Credit Information Companies. These companies are licensed and approved by the Reserve Bank of India (RBI). Here are the leading credit score companies (credit bureaus) in India. These companies collect your credit history, such as loan repayments and credit card usage, and then calculate your credit score and credit report as per RBI rules.
- TransUnion CIBIL (Credit Information Bureau India Limited) – India’s oldest and most widely used credit bureau. Its credit score usually ranges from 300 to 900.
- Experian Credit Information Company of India – A global company that checks your loan and credit card history and gives your credit score and report for people and businesses.
- Equifax Credit Information Services Private Limited – A global credit bureau that works in India and provides credit scores and credit reports.
- CRIF High Mark Credit Information Services – An RBI-approved credit bureau that provides credit scores and credit reports.
CIBIL Score Range and Meaning
In India, the CIBIL score ranges from 300 to 900. A higher score means better chances of getting a loan.
- 550 and below – Bad: Very low chance of getting a loan. You should manage your money better before applying.
- 550-649 – Poor: Late payments can lower trust. Clear your pending dues first.
- 650 to 699 – Average: Loan approval is possible, but interest rates may be high. Paying on time can improve your score.
- 700 to 749 – Good: Loans are easier to get, and higher scores mean less interest.
- 750 to 900 – Excellent: Shows regular and timely payments. You can get higher loan amounts, low interest rates, and easy approval.
How Does a Credit Score Work?
- Get Pre-Approved Offers
You can receive ready loan and credit card offers based on your credit score.
- Stronger Position with Banks
A good CIBIL score helps you negotiate lower interest rates and fees.
- Pay Less Interest
Higher credit scores mean lower interest on loans and credit cards.
- Faster Loan Approval
A good score shows you are reliable, so loans get approved easily.
- Get higher Loan Amounts
Banks are more comfortable giving higher loan amounts to people with good scores.
- Longer Repayment Time
A good score allows longer loan periods, which results in smaller EMIs.
Required Details to check CIBIL Score by PAN Card
Your CIBIL score is the most essential part of your CIBIL report. Banks and NBFCs check your CIBIL score before approving a loan or a credit card.
You can check your CIBIL score for free using your PAN card. It takes only a few minutes. You will also get monthly updates in the future.
To check your CIBIL score, you need:
- PAN card
- Mobile number
- Date of birth
- PIN code
- Email ID (only first time)
Check Free CIBIL Score by PAN Card Online (Step-by-Step)
Checking your CIBIL score with your PAN card is easy and takes only a few minutes. Follow these steps:
Step 1: Click here to enter your details.
Step 2: Enter your PAN number, mobile number, email ID, and date of birth. You can also tick the box to get credit report updates on WhatsApp, if you want.
Step 3: Click on “Get Free Credit Score” and verify your details using the OTP sent to your mobile.
Check your credit score from Experian and Equifax in your language and get monthly updates.
Importance of PAN Card in Credit Report
- You must have a valid PAN card to check your free credit score and get your credit report.
- Your PAN card is connected to your bank and financial accounts, which helps credit bureaus get your details and update your credit score.
- Your credit score allows banks and lenders make a decision whether to give you a loan or a credit card.
- When you use your PAN card to check your credit score or credit report, it is used only to verify your loan and credit card details, not for any other purpose.
Is It Safe to Check Free CIBIL Score Using a PAN Card?
You can safely check your CIBIL score online using your PAN card on trusted credit bureau websites. These websites keep your data safe and secure. Your PAN card is used only to match your credit details. Your personal and financial information stays protected.
Checking your credit score often does not affect your score. This easy process helps you track your credit health and be ready before applying for a loan or credit card.
Common Problems While Checking CIBIL Score Using PAN Card
You may face some problems while checking your CIBIL score online using your PAN card. Common issues include:
- Wrong PAN details, which can stop your credit records from matching
- Different personal details in bank records can cause verification problems.
- Inactive or old PAN, which may show an incomplete credit report
- Technical issues on the credit bureau website
- PAN is not linked to all bank or loan accounts, which can lead to missing credit details
Benefits of a Good CIBIL Score
A good CIBIL score helps you get loans and credit cards easily. It shows banks that you can repay money on time. These are the following benefits:
- Higher chance of loan approval
- Lower interest rates on loans
- Faster loan and credit card approval
- Pre-approved loan offers
- Higher credit card limit
- Lower processing fees and charges
A good credit score is essential, but it is not the only factor. Banks also check your income, job details, repayment ability, and existing loans.
Reasons that affect your CIBIL Score
- On-time payments: Pay your loans and credit cards on time to improve your credit score. Late payments lower it.
- Credit History: Using credit for a long time with regular payments shows good credit habits.
- Number of credit enquiries: If you apply for loans or credit cards again and again, your score may go down.
- Credit utilisation: Using a small part of your credit limit helps keep your credit score healthy.
- Credit mix: When you have loans and credit cards, it shows you can manage credit properly.
How to Improve Your CIBIL Score
Here are some easy ways to improve your credit score:
- Pay all loan EMIs and credit card bills on time
- Use less of your credit limit
- Check your credit report and correct errors.
- Limit your loan and credit card applications.
- Keep your old credit accounts active
- Use a mix of credit, like loans and credit cards
- Take help from a credit expert if needed
What information do CIBIL Scores not consider?
A CIBIL score mainly checks your credit history. It does not consider your income or salary, the money in your savings account, your current job or employment status, your education, or your lifestyle and personal habits. These factors do not directly affect your CIBIL score.
What to Do If You Do Not Have a CIBIL Score?
If you have little or no credit history, you may not have a CIBIL score. A secured credit card helps you start your credit history. Get added as an authorised user on a family member’s or friend’s credit card. Taking a small personal loan and paying it on time also helps. You should regularly use credit report services to check and track your credit history.
FAQs
- What Does a CIBIL Score Mean?
A CIBIL score is a 3-digit number that reflects your creditworthiness based on your loan and credit card repayment history.
- What is the CIBIL score range?
A CIBIL score can range anywhere between 300 and 900, where a higher score reflects better creditworthiness.
- What is a good CIBIL score?
A score of 700 or above is considered good.
- What is the process to check my CIBIL score?
You can check your CIBIL score online using your PAN card.
- Is it free to check the CIBIL score?
Yes, you can check your CIBIL score for free online.
- Does checking my CIBIL score reduce it?
No, checking your own score does not affect your CIBIL score.
- Why is a PAN card required to check the CIBIL score?
A PAN card helps credit bureaus find your loan and credit card details.
- How long does it take to check a CIBIL score?
It usually takes only a few minutes.
- Can I check my CIBIL score without a PAN card?
No, a valid PAN card is required to check your CIBIL score.
- What details are needed to check the CIBIL score?
You need your PAN card, mobile number, date of birth, PIN code, and email ID.
- Which companies provide credit scores in India?
CIBIL, Experian, Equifax, and CRIF High Mark provide credit scores in India.
- What is the difference between a CIBIL score and a credit report?
A CIBIL score is a number, while a credit report shows detailed loan and payment history.
- Why is my CIBIL score low?
Late payments, high credit usage, and many loan applications can lower your score.
- How can I improve my CIBIL score?
Pay bills on time, use less credit, and avoid applying for many loans.
- How often should I check my CIBIL score?
You should check it once every month or before applying for a loan.
- What happens if I do not have a CIBIL score?
You may not get loans easily. You need to start building credit.
- How can I build credit if I have no CIBIL score?
Use a secured credit card, take a small loan, or become an authorised user.
- Does income affect CIBIL score?
No, your income does not directly affect your CIBIL score.
- Is it safe to check CIBIL score online?
Yes, it is safe if you use trusted credit bureau websites.
- Why do banks check CIBIL score?
Banks check your CIBIL score to decide whether to approve your loan or credit card.
