How to Check your CIBIL Score using PAN Card?
Your CIBIL score is a three-digit number used by your lenders to determine your ability to repay the money borrowed. It is essential to keep track of your CIBIL score when you are planning to apply for a credit card or a loan.
Checking your CIBIL score is pretty much simple and can be done by using your PAN Card, Aadhar Card, passport, etc. Here, in this article, we’ll take a look at how you can check your CIBIL score using your PAN number.
Step-by-step guide on how to check CIBIL score using PAN Card
Below are a few steps on how to check your CIBIL using PAN number.
- Visit the CIBIL’s official website
- Click on the top right button that says ‘Get Your CIBIL Score’
- Select a subscription method
- Provide necessary details such as your PAN Card number, e-mail address, Date of Birth
- Choose the Gender
- Give a password for your account
- Select PAN as your ID type and provide your PAN number
- Get done with your identity verification and enter the required information
- Accept the terms and condition
- Lastly, click “Proceed to Payment’
Why is a PAN Card required for checking CIBIL or credit score?
A PAN card number is basically a ten-digit number that is linked with all the bank accounts of a PAN cardholder. Credit bureaus use it to locate an individual’s information.
What’s more? A PAN number is solely used to locate credit information alongside authenticating the applicant’s details.
Can a PAN change affect your CIBIL score?
In case you lose your PAN card or it gets stolen and you have applied for a duplicate PAN card, it won’t really impact your CIBIL or credit score since the number remains unchanged. But, if you own two PAN cards, then you must surrender the other one to avoid any sort of confusion.
Getting a new PAN card can lower your credit score by a few points. How? Your credit score is linked to your credit history which is mapped to your PAN card.
Frequently Asked Questions
Which is the official website for CIBIL?
It is- https://www.cibil.com/
Can I check my credit score if I do not have a PAN card?
Most of your financial transactions are recorded against your PAN card. So, if you don’t have a PAN card, chances are that you haven’t availed any credit. In such a scenario, any credit bureau will not be able to generate your credit score.
What is the CIBIL Score of a new PAN card?
If you don’t have a PAN card and have applied for a new one, your CIBIL or credit score will be affected and the same will be reflected as a red flag on your credit account.
How is my CIBIL score affected due to PAN change?
As already mentioned, your CIBIL or credit score is based on the credit products linked to your PAN card. If a different PAN card is mentioned in your CIBIL report, your credit score may vary.
It is advisable that you get it corrected ASAP; or else lowering your credit score due to inappropriate information can hinder the loan or credit card approval process.
Are having two PAN cards a punishable offense?
Yes, it is a punishable offense. If a person owns two PAN cards he/she might have to pay a penalty.
If I lose my PAN card, will it impact my credit score?
No, not really. In case you lose your PAN card, simply ask for a replacement.
How can I check my CIBIL score if I don’t have a PAN card?
If you don’t have a PAN card you can check your credit or CIBIL score using your Aadhar card or passport.