A credit score or CIBIL score is essential in determining your creditworthiness or repayment capacity. That means the chances of your loan application getting approved increase with a higher credit score.

You must check your CIBIL score once before applying for a loan. It typically ranges from 300 to 900. You can check your CIBIL score with a PAN card on the CIBIL website.

You can check your CIBIL credit score for free once every year. However, opting for a subscription to the CIBIL website allows you to check it multiple times throughout the year.

Below are the steps for checking CIBIL score online with PAN:

• Step 1: Visit the CIBIL portal and click on “Get Your CIBIL Score”.
• Step 2: Select a subscription to “Log in” and enter all required details.
• Step 3: Choose ‘Income Tax ID’ as an ID type and enter your Permanent Account Number to check the CIBIL score using PAN card. Verify your identity after that and answer all the queries carefully.
• Step 4: Proceed with your payment to create an account and skip the subscription in case of one-time use. However, if you want to check your credit score regularly, proceed with the subscription.
• Step 5: An OTP will be generated to your mail for authentication. Fill in the form that appears on your screen after successful authentication.
• Step 6: Submit the form to check your CIBIL score.

The importance of PAN in checking CIBIL score is as follows:

• PAN is a unique alphanumeric code that can act as identity proof for a citizen of India. Therefore, checking CIBIL credit score with PAN enhances overall security.
• PAN helps CIBIL aggregate your score easily because it is linked to your financial accounts and tax payments.
• Since PAN is unique, having multiple PAN cards is a criminal offence in India.
• Also, it is mandatory to link the PAN card to the Aadhaar card. So, checking the CIBIL score with a PAN card helps in identifying individuals with loans from multiple banks.

Here are the following pointers to keep in mind while checking your CIBIL score with PAN:

• A PAN card is mandatory to get your CIBIL report.
• You can check your CIBIL credit score for free if you opt to do so with your PAN card.
• You will require a subscription to check your credit score multiple times in a year with your PAN card.
• Your credit score will not be affected if you lose your PAN card and apply for a copy.

A PAN card does not only act as your identity proof but also is a pivotal financial instrument. Above all, checking CIBIL score with a PAN card is now mandatory. So, follow the steps mentioned above to generate your CIBIL score quickly with your PAN.