How do I Check CIBIL Score by PAN Card?

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The following are the steps to check CIBIL score using your PAN card:

Visit the official CIBIL website
Type in your PAN card details
Select ‘Submit’
Select ‘Proceed to Payment’.
Make payment for the same
Your CIBIL report and your score will be sent to your email

Improving Your CIBIL Score

The following are the points that should be remembered to improve your CIBIL score:

Use credit responsibly:

You have to repay the amount borrowed to your lender, with or without interest, depending on the type of credit line, and your repayment behaviour.
So, avoid borrowing more than you can afford to repay.
Use your credit card, loan amount, or any other type of borrowing wisely.

Avoid late or missed payments:

Apart from being charged late payment fees, the repayment behaviour will also get reported to the credit bureaus, and this will affect your credit score.
If you have multiple credit card payments and loan EMIs to make, it is advised to set up payment reminders or due date alerts to get more organised.

Maintain a low credit utilisation ratio:

You should not exceed 30% of your total credit card limit. This is especially important if you apply for a home loan.
When you apply for a home loan, banks will assess your debt-to-income (DTI) ratio. The ratio evaluates your total debt with respect to your total income. If your debt exceeds 50% of your income, banks are more likely to reject your application.

Make sure to close accounts:

If you have defaulted on any payments in the past, it will be reflected in your credit history and will bring your CIBIL score down.
Make sure to pay off the unpaid amounts and close the account instead of opting for a settlement. You should ensure that the account gets a ‘closed’ status.

Review your credit report:

You should check your credit report periodically to understand your credit health. This should be done to ensure that your credit report is free of any errors related to your credit accounts.
This is important because any incorrect information recorded on your report could bring down your score through no fault of yours.

Check your Credit Score for Free

FAQs on CIBIL Score Calculation

Is my credit score and my CIBIL score one and the same thing? Yes, your credit score and your CIBIL score are the same. The Credit Information Bureau (India) Limited was the very first credit bureau in the country and so, CIBIL score was a term that was used synonymously with the term, credit score.
Does SBI have its own CIBIL score? SBI does not issue credit scores for its customers. The CIBIL is the credit bureau which collects information from and NBFCs about people and they then calculate the credit score.
How can I check my CIBIL score online at no cost? If you want to check your CIBIL score with paying any money, you can search for cibil website on the internet. You should then fill in all details and once you submit this, you will be able to see your credit score.
Will a loan rejection affect my CIBIL score? Yes, a loan rejection will lower your CIBIL score.
Which one is a good score, 650 or 772? According to TransUnion CIBIL, a credit score of 650 is considered average, whereas 772 is considered a good score. Borrower will CIBIL score of 722 can avail themselves of cards or loan offers from the lenders at an affordable rate. While individuals with credit scores of 650 may not avail themselves of pre-approved card or loan offers depending on the lender as some lenders, such as banks or NBFCs may consider these borrowers as fresher.
How frequently does your CIBIL score get calculated monthly or yearly? The record of an individual is submitted to the CIBIL by the lenders or the bank on a monthly basis. The CIBIL score and report is prepared using this record on a monthly basis that helps the lenders to decide whether to approve the loan or not.
Can I check my CIBIL score myself without impacting my score? Yes, you can check your CIBIL score without impacting your score. Checking your score is considered as a soft enquiry that does not impact your CIBIL score negatively.
How to calculate the CIBIL™ score for a personal loan? Calculating CIBIL score for easy approval of home loan is simple and effortless. Ensure that you have a CIBIL score ranging between 720 to 750, as any score lower than the minimum limit will lead to extra payout of interest to lenders as compensation for the risk borne by them.
How to calculate the CIBIL™ score for a personal loan? Calculating CIBIL score for easy approval of home loan is simple and effortless. Ensure that you have a CIBIL score ranging between 720 to 750, as any score lower than the minimum limit will lead to extra payout of interest to lenders as compensation for the risk borne by them.
How to calculate the CIBIL™ score for education loan? For approval of education loan, CIBIL score of 750 and above is considered good enough by the lenders. The CIBIL score of the parents is also considerable and in case of minor, the CIBIL score of the guarantor is considered as there is no credit activity of the minor.
How to calculate the CIBIL™ score for a home loan? Credit agency of India, CIBIL, calculates the CIBIL score of the borrower and determines whether they are eligible for home loans. CIBIL considers various factors depending on which the CIBIL score is given which helps deciding whether the loan will be approved or not. For easy approval of home loan, CIBIL score of 750 and above is required.
Does my credit score get affected by my salary? No, your credit score does not get affected by your salary.