In today’s fast-paced financial world, maintaining a good CIBIL score is essential for availing loans and credit facilities. Your CIBIL score is a three-digit numeric representation of your credit history, and it is crucial in determining your creditworthiness.
The PAN (Permanent Account Number) card is an essential document that serves as an identity proof and income tax filing tool for Indian citizens. So, it is very important to understand how to check CIBIL score with PAN card.
What Is A CIBIL Score?
A CIBIL score is a three-digit numeric summary of your credit history based on your past loan and credit card repayments. The score ranges from 300 to 900, and a higher score indicates better creditworthiness of an individual. A good CIBIL score is essential when you apply for a loan or a credit card, as it reflects your creditworthiness to the lender.
How To Check CIBIL Score With A PAN Card?
Bajaj Finserv is a leading NBFC that offers a range of financial products and services to its customers. The company provides free CIBIL score check services to its customers, and you can understand how to check CIBIL score with PAN card by following these simple steps:
- Step 1: Visit the official website of Bajaj Finserv at bajajfinserv.in and click on the ‘Check Your CIBIL Score’ option on the homepage to know how to check credit score online.
- Step 2: Enter your Mobile Number to Login. Bajaj Finserv will send you an OTP (One-Time Password) to your mobile number. Enter the OTP to verify your identity and proceed.
- Step 3: Enter your personal details such as your name, date of birth, and PAN card number in the given fields.
- Step 4: Accept the Terms and Conditions
- Step 5: Once you have authenticated your details, you will be able to view your CIBIL score for free.
Understanding Your CIBIL Score
When you check your CIBIL score with your PAN card, knowing how to check credit score online is essential. Your CIBIL score ranges from 300 to 900, with higher scores indicating better creditworthiness. Here’s a breakdown of CIBIL score ranges:
- 300-549: Poor credit score
- 550-649: Fair credit score
- 650-749: Good credit score
- 750-900: Excellent credit score
Read Here More: Why Is a Good CIBIL Score a Key Factor in Your Financial Future?
Tips to Maintain a Healthy CIBIL Score
Now that you know how to check CIBIL score with a PAN card, it’s crucial to take steps to maintain or improve your CIBIL score. Here are some tips:
- Make Timely Payments: Always pay your bills, EMIs, and credit card dues on time to maintain a healthy credit history.
- Maintain a Low Credit Utilization Ratio: Keep your credit card balances low compared to your credit limits. A high utilization ratio can negatively impact your score
- Monitor Your Credit Report: Regularly check your credit report for errors or discrepancies. Report any inaccuracies immediately to the concerned authorities.
- Avoid Applying For Multiple Loans or Credit Cards: Too many inquiries in a short period can harm your credit score.
Benefits of Checking CIBIL Score Online
- Improved Credit Management: Regularly checking your CIBIL score can help you keep track of your credit history and improve your credit management habits. You can monitor any changes in your score and take corrective measures if necessary.
- Better Loan Eligibility: A high CIBIL score can increase your chances of getting approved for loans and credit cards at competitive interest rates. By knowing how to check CIBIL score with a PAN card, you can work on improving it if necessary and increase your chances of getting the financial products you need.
- Early Detection of Errors: Checking your CIBIL score online can help you detect errors in your credit report early. This is important as errors in your credit report can negatively impact your score and make it more difficult to get loans and credit in the future.
Conclusion
Your PAN card is an indispensable document granting free CIBIL score access. Bajaj Finserv provides a convenient and secure way to understand how to check CIBIL score with a PAN card through its Bajaj Finserv Credit Pass service. Simply providing your PAN card details gives you a comprehensive and precise overview of your credit history and score. Bajaj Finserv Credit Pass service is an online service for monitoring your credit health, whether you’re applying for a loan, credit card or any other financial product.