How to Check your CIBIL Score using your PAN Card?

March 09, 2023

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You must have often come across a financial term called “CIBIL Score”. But, what is it, and why is it important? In this blog, we’ll briefly discuss what a CIBIL Score is, what makes it so crucial, and how can you check your cibil score by PAN Card!

Lenders consider your CIBIL score highly when assessing your loan application. Therefore, it’s crucial to comprehend how the score is determined. A proprietary algorithm determines your CIBIL score; however, the essential components of the score composition are based on a person’s loan payment history. The evaluation of this score, its basic elements, and how to do a cibil score check free online by PAN number is what this log below will help you with.

What is CIBIL Score?

CIBIL score is a three-digit numeric summary of your credit history. The credit history is derived from the information in the “Accounts” and “Enquiries” sections of your CIBIL report. The factors to which the CIBIL score is proportional include but are not limited to your loan or credit card accounts, their payment status, and the number of days past due on outstanding balances. All these components are used to calculate your CIBIL score, a three-digit numerical summary of your credit history.

Based on the information provided by lenders about your borrowing and repayment history, the score represents your creditworthiness. The higher your CIBIL score, which runs from 300 to 900, the greater your chances of accepting your loan application. Clients with a CIBIL score above 750 get approved for 79 percent of loans.

CIBIL Score Range Rating
300-500 Poor
550-650 Average
650-750 Good
750-900 Excellent

Steps to Check CIBIL Score Using PAN Number

Since your PAN is linked with your financial accounts and tax payments, it helps CIBIL aggregate your data quickly. You can check your CIBIL score by PAN Card, free of cost, once a year or multiple times by paying the required fee. Here are the steps you should follow to check your CIBIL score using your PAN card.

To check your CIBIL score by PAN Card, you need to follow these steps:

  • Access the CIBIL portal.
  • Get your CIBIL score can be accessed by clicking the button in the top right corner of the screen.
  • Select one of the recurring payment options.
  • Fill in the required information: Your birthdate, phone number, and email address.
  • Make a login password that you will use.
  • Enter your PAN after choosing “Income Tax ID (PAN)” as your ID type. Continue to “verify your identity” and provide accurate answers to all questions.
  • Complete the steps under “Make Payment.”
  • If this is a one-time need, avoid the subscriptions and go directly to your account.
  • Sign in to your account by entering your email address or OTP.
  • Fill in the form that appears with details.
  • When you submit the form, your CIBIL score will be shown on the dashboard.

Observe the following while you carry out this procedure:

  • Once a year, you can use PAN verification to verify your CIBIL score for free.
  • If you don’t have a PAN card, you can still obtain your CIBIL score by providing your passport, voter ID, or driver’s licence as proof of identity.
  • If there are errors, you can file a complaint online at CIBIL’s website or by traditional mail.

How To Check CIBIL Score on the CIBIL Website

You can access your credit score on the CIBIL website for free or by choosing a membership plan. Once a year, you can view your most recent CIBIL Report using a free subscription. CIBIL offers paid programs to its users that, depending on their choice, provide access to several extra features. For accessing your CIBIL score online, all you need to do is follow the steps given below:

Step 1: Log in to the CIBIL website.

‘Get your CIBIL Score’ can be found in the top right corner of the CIBIL website at https://www.cibil.com.

Cibil home page

This will bring you to a page with subscription alternatives; scroll down to find the free option.

Cibil Website

Step 2: Create your Account

Your name, which will serve as the username for this account, your password, an ID proof (such as a PAN card, passport number, voter ID, or Aadhaar), your date of birth, your pin code, and your phone number must all be entered here. After entering this information, click “Accept and continue.”

Create Account on cibil

Step 3. Confirm your identity.

Verifying your identity is the next step. On the mobile number you entered in Step 2, you will receive a one-time password (OTP). After entering the OTP, press “Continue.”

Confirm identity on cibil

Step 4. Go to the dashboard.

A new window confirming your enrollment will open. Additionally, you’ll receive an email verifying the same. To view your credit score, click “Go to dashboard.”

go to the dashboard on cibil

Step 5: View CIBIL Score

Your browser will now open myscore.cibil.com. Viewing their free CIBIL Score and CIBIL Report is available to subscribers here.

cibil score

Visit https://myscore.cibil.com and click “Member Login” to view your CIBIL Score after creating an account. You must enter your email address and password to log in. You must subscribe to CIBIL, pay according to the plans’ availability, and receive your report to obtain your CIBIL Score again during the same calendar year.

Why is PAN Card Important for Checking CIBIL Score?

A PAN, or Permanent Account Number, differs from a CIBIL Score. PAN is a unique alpha-numeric identifying number granted to Indian citizens, whereas CIBIL Score is your credit score. PAN is crucial since it serves as identification documentation and prevents tax avoidance. PAN is a singular number. Hence no two people may share the same PAN. A person is only permitted one Permanent Account Number per Section 139A(7) provisions. A replica with the same number is issued even if you misplace your PAN card.

How Do You Check If There Is Any Loan On My PAN Card?

A Permanent Account Number or PAN card is an important document for the CIBIL score. One can check the CIBIL score on a PAN card connected to an individual’s bank account. Most sensitive information is accessible online, and anybody may carelessly misuse it. The most recent scam on this list involves con artists exploiting your PAN card details to apply for loans via rapid loan applications.

Your credit report can be checked to see if a loan has been disbursed using your PAN card. All loans and credit cards issued in your name will be listed on your credit report. As a result, you will be able to determine whether any loans exist that you did not authorise.

People are entitled to one free credit report every year. Furthermore, India has four credit bureaus, allowing you to obtain four free credit reports each year. You can save yourself from any fraud. As far as the question ‘does checking CIBIL score affect CIBIL score’ is concerned, take a breather and remember this soft inquiry will not lower your score.

Is the CIBIL Score and Credit Score The Same?

Since any of the four credit bureaus can supply credit ratings, it is the only significant distinction between them and CIBIL scores. Your CIBIL score is provided by TransUnion CIBIL exclusively, nevertheless. The lenders accept any credit rating from one of the four credit bureaus. However, a brief description has been provided for you to understand better.

CIBIL Score

Credit Information Bureau (India) Limited is the name of the company. A major bank, a housing finance company, and an NBFC are all connected to CIBIL, one of India’s four main credit bureaus. CRIF Highmark, Equifax, and Experian are the other three prominent bureaus. The Reserve Bank of India has authorised each credit bureau (RBI). The CIBIL score is the abbreviation for the credit rating that CIBIL calculates. The credit bureau’s official website will give you access to your CIBIL score. Your grade is free to obtain. A CIBIL report, also known as a Credit Information Report (CIR), is a continuous record of information on your credit and loan history that includes your CIBIL score. It must be noted that you can perform a CIBIL score check online by PAN card.

Credit Score

Your credit rating indicates your creditworthiness. Your credit history is considered when calculating your score, including the total amount of debt, the number of credit accounts, credit card bills, credit usage data, and payback history. In addition, the number of credit inquiries related to credit card or loan applications is also considered when determining your credit score. It’s important to remember that a credit score aids in determining your repayment prospects as a possible borrower. Additionally, it assists you in obtaining more advantageous interest rates. Before offering you a loan in India, most lenders typically demand a credit or CIBIL score of 750 or above.

What is CIBIL Clearance or CIBIL Dispute?

A crucial factor that significantly impacts a person’s credit card or loan application is their credit report. It is wise to regularly review your CIBIL report to spot any errors or discrepancies in your name, personal information, or incorrect account information. Any inaccuracy frequently lowers your credit score and might lead to loan applications being denied. Credit bureaus provide a free credit score for your convenience once a year. You can perform a CIBIL score check free online by PAN number.

Every 30-45 days, the credit institution (CI) company from whom the customer borrows money transmits information about the customer to credit bureaus. The credit bureaus then produce a Credit Information Report or CIR based on the data. Therefore, since credit institutions transmit the information to credit agencies, they bear responsibility for any errors or missing information. Before the credit institution reports it, no credit agency can alter the report.

There could be two causes if the information on your account is not updated. Either there is an ongoing dispute on your account, or the creditor wouldn’t have sent your most recent report to a credit bureau. Either the ownership of an account or any of its details may be in question. All other elements are considered if the disagreement is over who is the account’s rightful owner. Additionally, you can request if you want to dispute one or more fields.

The credit institution sends information on the customer’s credit accounts, including name, contact information, and job details such as permanent account number, address, birth date, income, and phone number. Therefore, updating the information with the credit institutions is crucial as any incorrect information may damage your credit report, lower your credit score and, consequently, your loan application. Other issues include improper loan types, incorrect ownership types, inaccurate dates, inappropriate statuses, incorrect asset types, etc. Hence, it becomes very important for a person to check the CIBIL score by PAN card.

How to Solve CIBIL Disputes?

CIBIL disputes refer to impertinent information present on your credit report. You must contact a credit institution or the credit bureau in case you encounter any misspelt or strange detail. As there is an involvement of both the credit bureau and the credit institution or lender, the process takes approximately 30 days to complete. The below-mentioned steps must be followed to resolve the CIBIL disputes and increase the amount of interest:

  • Get a better understanding of the issue that is affecting your credit report.
  • Once you know the issue, visit the credit agency’s official website and fill out the dispute resolution form online.
  • Upon successful submission of the form, a dispute ID or compliant ID will be received by you.
  • The credit bureau will forward a correction report to your credit institution or lender.
  • The changes will be made to your report upon approval of the lender
  • You will receive an email from the agency confirming the same.

Effects of PAN Change on CIBIL Score

Changing your pan or number won’t affect your CIBIL score. Other information on your credit report includes your date of birth, banking activity, residential address, etc. Therefore, the CIBIL software will typically display a warning in your account if your PAN changes. It is encouraged that people should not alter their Permanent Account Number to raise their credit score. They have alternative options if they want to increase their CIBIL score.

Related Resource
Importance of a Good Credit Score
Low CIBIL Score & How to Better It! 
CIBIL Score for Personal Loan

Frequently Asked Questions (FAQs)

How is your credit score calculated?

Your credit is determined based on the information provided by lenders about your borrowing and repayment history; the score represents your credit worthiness. The higher your CIBIL score, which runs from 300 to 900, the greater are chances of your loan application being approved. Clients with a CIBIL score above 750 get approved for 79 per cent of loans.

How can a new PAN card application affect your CIBIL score?

Your CIBIL/Credit score won't be impacted by applying for a new PAN card because the PAN number shalll stay the same.

If I don't have a PAN card, can I still check CIBIL score?

Yes, you can check your CIBIL score even if you don't have a PAN card. You can use your passport or aadhar card to access your CIBIL score.

Can I see my credit score using my Aadhaar card?

Yes, you can see your credit score using your Aadhaar card.

Tushar Gautam is a content writer inclined to enlighten his readers about the world of finance through Urban Money.

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