Steps to check your CIBIL score using PAN card

To check your CIBIL score you need to have a valid PAN card, as it is linked with your financial accounts and tax payments. A PAN card acts as a Government-approved identity proof for individuals and businesses. Your PAN card helps the Credit Information Companies (CICs) or credit bureaus in analysing your credit information and further assists in loan approval. Checking your credit score by using your PAN card does not impact your CIBIL score. As directed by the RBI, you can check your CIBIL score by using a PAN card, free of cost once a year by each of the four credit bureaus named as TransUnion CIBIL, Experian, Equifax and CRIF High Mark.

TransUnion CIBIL is the leading credit bureau of India that collects and manages consumer credit information provided by the financial institutions. The easiest way to check your credit score is by entering your PAN card details along with other information at the TransUnion CIBIL’s official website.

Usually, most of the Banks and NBFCs check your CIBIL score before approving your loan or credit card application. Therefore, it is highly recommended to check CIBIL score for free by PAN card and remain updated about changes in your credit report with monthly updates and reports.

Steps to check your CIBIL score by using your PAN card

Checking your credit score from TransUnion CIBIL is the most convenient way with the help of your PAN card. Follow the below mentioned steps to perform a CIBIL check by PAN card verification:

Step 1: Visit the CIBIL’s official website and click on the ‘’Personal’’ Tab at the top of the page.

Step 2: Click on ‘’Get your CIBIL score’’ and further select one of the subscription plan (Basic – 1 month for Rs. 550) (Standard – 6 month for Rs. 800) & (Premium – 12 months for Rs. 1200), respectively

Step 3: Click on ‘’Get Started’’ by entering your email address, creating a password, and fill in your personal information, such as your name, date of birth, and mobile number

Step 4: Select Income Tax ID number (PAN) from the drop down of ID type and click on ‘’Accept & Continue

Step 5: Verify your Identity and complete the payment process, but if its a one-time check then you may skip the plans and the payment procedure

Step 6: Login to your account by authenticating via email or OTP

Step 7: Enter all the details as required in the form and click on Submit

Step 8: It will further redirect to the main dashboard where you can check your CIBIL score and download your CIBIL report

How Change in PAN Card effects your CIBIL score

Issuance of Duplicate PAN card

If in case, your original PAN card is lost or stolen and you request for a duplicate PAN card, your CIBIL score won’t get impacted and the past details shall remain intact with the newly issued PAN card.

Issuance of New PAN card

Issuance of a New PAN card shall lower your CIBIL score because your existing credit history that is linked with your previous PAN card shall disappear. Any newly issued PAN card shall display fresh credit history that may result in the fall of your credit score. Even TransUnion CIBIL may display a red alert on your account, if you issue a new PAN card. This action could make it tough for you to avail fresh credit from leading Banks and NBFCs.

Credit Score Ranges

It is always beneficial to maintain a high credit score and any credit score as close to 900 is considered better by lenders for credit application approval. Credit score ranges from 300-900 depicts your past credit behaviour and creditworthiness. It further helps the lenders in the loan or credit card approval process. Higher your credit score is, increased are your prospects for credit product approval.

Below is a tabular representation of the credit score ranges that are used by various Credit Information Companies (CICs).

Please Note: The credit score range mentioned above is only indicative and may vary from lender to lender and credit bureau to credit bureau.

Conclusion:

CIBIL score check by using your PAN card is the most convenient way for you to take informed decisions related to existing and future borrowings. CIBIL score depicts your creditworthiness to the lender banks and NBFCs. Therefore, try maintaining a high credit score of as close to 900 to avail lending benefits and ease your borrowing process.