Your credit score is a key indicator of your financial health, influencing your ability to get loans, credit cards, or other financial products. Fortunately, in India, you can check your credit score for free using your PAN card.
This process is simple, secure, and helps you monitor your credit history and take steps to improve your score.
Step-by-Step Guide to Get Free Credit Score with PAN Card
1. Choose a Credit Bureau
Several credit bureaus in India provide free credit scores:
CIBIL (TransUnion CIBIL)
Experian
Equifax
CRIF High Mark
You can get your free annual credit report from any of these bureaus.
2. Visit the Official Website
Go to the official website of the chosen credit bureau.
Look for the ‘Get Your Free Credit Score’ option.
3. Provide Personal Details
Enter your PAN card number, full name, date of birth, and other requested details.
Some bureaus may ask for address verification or OTP authentication.
4. Verify Your Identity
You may receive an OTP on your registered mobile or email.
Complete verification to proceed.
5. Access Your Credit Score
Once verified, you can view your credit score and credit report instantly.
The report includes details like loan history, credit card usage, repayment behavior, and defaults.
Benefits of Checking Credit Score with PAN Card
Free and Convenient: No fees involved, accessible anytime online.
Accurate Record: PAN card ensures unique identification and accurate credit report.
Monitor Financial Health: Track your loan repayments, credit card usage, and defaults.
Plan Better for Loans: Helps you understand eligibility for loans and interest rates.
Tips to Improve Your Credit Score
Pay EMIs and Credit Card Bills on Time
Late payments negatively affect your score.
Maintain Low Credit Utilization
Keep your credit card usage below 30% of the limit.
Check for Errors
Review your credit report and dispute incorrect entries.
Avoid Multiple Loan Applications
Frequent applications lead to multiple hard inquiries, which reduce score.
Build a Credit History
Small loans or secured credit cards can help establish a positive track record.
FAQs:
Q1. Is it really free to check my credit score with PAN?
Yes, all major credit bureaus in India offer one free credit report per year.
Q2. How often can I check my credit score?
You can check your score once a year for free or more frequently via paid services.
Q3. Do I need a PAN card to check my credit score?
A PAN card is highly recommended for accurate identification and report access.
Q4. Can checking my credit score reduce my credit rating?
No, checking your own credit score is considered a soft inquiry and does not affect your score.
Q5. How can I improve my credit score after checking it?
Focus on timely repayments, low credit utilization, and resolving any errors in your credit report.
Published on : 1st October
Published by : SMITA
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