A healthy CIBIL score is crucial for accessing financial services, such as loans and credit cards. Your CIBIL score, determined by TransUnion CIBIL, ranges from 300 to 900 and is based on your credit report information. Scores between 750 and 900 are considered excellent, facilitating easier and faster loan approvals.
Here’s a quick guide on how to check CIBIL score free online by using your PAN number.
Why Use PAN for CIBIL Score Check?
Your PAN (Permanent Account Number) is linked with your financial accounts and tax payments, allowing CIBIL to easily aggregate your data. This linkage makes the PAN an effective identifier for checking your credit score.
Steps to Check Your CIBIL Score Online for Free
Checking your CIBIL score online using your PAN is a simple process that can be done on platforms like the Bajaj Finserv website. Follow these steps:
Share Basic Information: Visit the Bajaj Finserv website and provide some basic personal information, including your PAN number.
Verify Your Identity: Confirm your identity by entering the OTP (One-Time Password) sent to your registered mobile number and email ID.
Check Your CIBIL Score: Once your identity is verified, you can view your CIBIL score and credit report for free.
Benefits of Checking Your CIBIL Score
Regularly checking your CIBIL score helps you stay informed about your credit health. This practice has several benefits:
No Impact on Credit Score: Checking your CIBIL score on platforms like Bajaj Finserv App does not affect your credit score.
Loan Eligibility: Knowing your credit score before applying for a loan can help you understand your eligibility and improve your chances of approval.
Financial Planning: Awareness of your credit score aids in better financial planning and management.
Conclusion
By following these simple steps, you can check your CIBIL score online for free using your PAN. Regular monitoring of your credit score ensures you maintain good credit health, making it easier to access financial services when needed. Visit the Bajaj Finserv website today and take control of your financial future by staying informed about your CIBIL score.
