Your credit score is a measure of your credit health. Read on to understand how you can check your latest CIBIL Score using your PAN card online.
When looking to get insights to their financial wellbeing, many turn to the CIBIL score. This is a marker assigned by the TransUnion CIBIL - a credit rating agency. This score is based on your history with credit. It takes in account your repayment history and patterns, ability to handle debt, and whether or not you can utilise credit well. Naturally, it is important to keep tabs on your score, and you can do so online. You can check CIBIL score on various digital service providers. Lenders like Bajaj Finserv also allow you to check your CIBIL Score for free.
The process does differ based on the service provider, but does share certain similarities. For instance, you will have to provide basic KYC information, and this is mainly standardised. In fact, most services allow you to check CIBIL score by PAN card since this document is linked to most of your financial accounts. To know how to complete the process to check CIBIL score by using your PAN information, read on.
Steps to check CIBIL score by PAN card on the CIBIL website
One option to check CIBIL score online is to go to the official CIBIL website. The process is fairly easy and here is a step-by-step guide to follow.
Step 1: Go to the official CIBIL website
Step 2: Click on ‘GET FREE CIBIL SCORE & REPORT’
Step 3: Fill the enrolment form with basic information and choose ‘ID type’ as ‘Income Tax ID Number’
Step 4: Enter PAN information, fill the rest of the form and click on “ACCEPT & CONTINUE”
Step 5: Verify your identity with the OTP
Step 6: Access the dashboard and check CIBIL score details
Steps to check CIBIL score by PAN card on Bajaj Finserv
Besides the official CIBIL website, you can check CIBIL score by PAN card online on other websites as well. For instance, Bajaj Finserv is a trusted financial entity, and you can check CIBIL score details on this site for free. Here are the steps to follow.
Step 1: Go to the official Bajaj Finserv webpage and click on ‘GET YOUR CIBIL SCORE’
Step 2: Fill the form with basic information, enter your PAN information, and click ‘SUBMIT’
Step 3: Enter the OTP sent to your mobile number and email ID to verify your identity
Step 4: Check CIBIL score details and access the Credit Health Report
Why you should check CIBIL score frequently
Your credit score is a metric that is constantly changing, and this is true for your CIBIL score as well. Your CIBIL score updates based on your financial dealings and you will notice changes every month, based on your activity. This is one of the key reasons why you should check CIBIL score information frequently as unwarranted changes can indicate potential problems.
Dips in your score generally occur when there is a hard inquiry into your profile. It may also drop if you have missed payments, or if there is a reporting error. Sometimes, your score may drop in case of any fraud or misuse of card. Hence it is important to check your score regularly. Ideally, you should check your CIBIL score at least thrice a year to ensure that errors do not affect your financial wellbeing.
Another reason to check that CIBIL score frequently is to notice improvements when you are trying to improve your score. Improving your score is a worthwhile undertaking and it is one that takes time. You need to take a strategic approach to build the score, and maintain it too. Here, frequent checks offer meaningful insights into the impact of your actions, and whether you are on the right track.
If you notice your score improving steadily with each month, it means that you are practising the right credit habits. These will help you sustain a healthy score for the foreseeable future.
These easy-to-follow guides and pointers should help you get the information you need to maintain a healthy credit profile.
It is important to check your credit health regularly. Checking your CIBIL score frequently has no effect on your score. You can check CIBIL score for free on Bajaj Finservwebsite.
Just fill up the online form and submit it to get your latest score without any hassle.