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Tata Capital > Blog > Personal Use Loan > How To Check Your Credit Score Using Your PAN Card

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How To Check Your Credit Score Using Your PAN Card

How To Check Your Credit Score Using Your PAN Card

Whether you're applying for a loan or a new credit card, one of the first things lenders will check is your credit score. It reflects your creditworthiness and your ability to repay debts on time. With a strong credit score, you not only have a higher chance of loan approval but can also avail of credit at lower interest rates.

And one way of ensuring a healthy credit score is by keeping track of it. You can check your credit score with a PAN card, Aadhar card, passport, driving license, etc. You can also enter your details in any of the free online tools to check your credit score. Whichever method you choose, you'll have to share certain details including your PAN card number.

So why not directly check credit score online by PAN card? Let's dive into it in detail to understand how you can check credit score by PAN card.

Steps to carry out PAN Card CIBIL Score Check Online

The best and most convenient way to check the CIBIL score by PAN card is directly visiting the CIBIL website. This ensures you get accurate and most recent updates. Follow these simple steps to check the credit score online by PAN card-

  • Log in to the official CIBIL portal
  • Select 'Get Free CIBIL Score and Report'
  • Enter the required details like your date of birth, email address, and phone number
  • Create a strong password for your account
  • Select your ID type as 'Income Tax ID (PAN)' and enter your PAN number
  • Proceed to 'verify your identity' and enter the required details correctly
  • Complete the process by navigating to the 'make payment' tab
  • If you want to check the credit score with a PAN card only once, you can cancel your subscription and proceed to your account
  • Now, use your email ID or an OTP to log in to your account
  • Enter the required details in the form and click on 'Submit'
  • You can see your CIBIL score on the dashboard

You can also take a subscription if you wish to receive your credit score regularly- monthly, half-yearly, or annually. For this, all you need to do is follow these steps-

  • Log in to the official CIBIL portal
  • Select 'Subscribe Now' from the top right corner
  • Choose your preferred subscription plan and click on 'Get Started'
  • Enter the required information like your email address, mobile number, date of birth, etc.
  • Select your ID type as 'Income Tax ID (PAN)' and enter your PAN number
  • Proceed to 'Verify your Identity' and enter the required details correctly
  • Navigate to the 'Payment' tab to make the payment
  • After you make the payment, you will receive the credit report in your email within 24 hours of submitting your application

Why Do You Need PAN Card to Check CIBIL Score?

To check your credit score online, you'll have to enter your PAN card details. It is a 10-digit alphanumeric number that is unique to every individual. You are required to link your PAN card to all your financial accounts. This makes it easier for credit bureaus to locate your details.

When you run a PAN card CIBIL score check online, credit bureaus only use your PAN number for locating and authenticating your credit information.

Effect of PAN Change on Credit Score

Did you lose your PAN card? Do you have two different PAN cards? Are you applying for a new one? These changes will have an impact when you check the CIBIL score by PAN card. 

Lost or stolen PAN card- If you've lost your PAN card or if someone stole it, you can request a duplicate. In this situation, when you run a PAN card CIBIL score check online, it will not affect the result as your PAN number will remain the same.

Owning two PAN cards- In India, owning two PAN cards is a punishable offense and you'll be liable to pay a penalty. It will create confusion when you check the CIBIL score by PAN card. Therefore, it is advisable to surrender one card to avoid any issues later.

Getting a new PAN card- If you get a new PAN card, the credit score will change. This is because your credit score depends on your credit history which is linked to your existing PAN card. So, if you get a new PAN card, the TransUnion CIBIL database might show a red flag on your account.

What Is a New PAN Card's Credit Score?

With multiple tools at your disposal, you can easily run a credit score check for free online by PAN number. But if you have a freshly issues PAN card and haven't applied for a loan or credit card yet, you cannot check credit score by PAN card. 

This is because the credit bureaus will not have any information about your credit behaviour and will mark your profile as 'New to Credit'. However, this doesn't mean that lenders will decline your credit request. You can still avail of a loan or a credit card as long as you meet other eligibility criteria.

Factors That Affect Your CIBIL Score

Whether you run a credit score check for free online by PAN number or using other methods, the factors affecting it will remain the same. Key factors that affect your credit score are-

  • Repayment History

To ensure a strong pan card credit score, you must have an excellent repayment history. Missing out on your EMIs or making late payments will bring down your credit score.

  • Existing Debt

Your existing debt obligations also come into play when you check credit score by PAN card or any other method. Possessing multiple credit cards and having existing loans indicate an increase in your debt burden. This will make lenders evaluate your new credit application cautiously and harm your credit score.

  • Credit Utilization Ratio

To calculate your credit score by PAN card or another ID type, credit bureaus also evaluate your credit utilization ratio. This ratio indicates the percentage of credit you use out of the total available credit. For a strong credit score, it is advisable to maintain this ratio under 30%.

  • Types of Enquiries

When you or the lender make a soft or occasional enquiry to check CIBIL score by PAN card, it doesn't reflect on your credit score. However, if you use multiple tools to run credit score check for free online by PAN number or another ID, it will hurt your credit score. The same applies if you apply for credit with multiple lenders. t will increase the number of enquiries about your credit history, lowering your PAN card credit score.

To Sum Up

A strong credit score indicates a healthy credit history and builds the lender's trust in your repayment ability. While it's important to keep a check on your credit score by PAN card or any other method, make sure you don't overdo it. Running multiple PAN card CIBIL score checks online can harm your credit score.

And while there are multiple tools to check CIBIL score by PAN card, the best way is to visit the official CIBIL portal. If you're running a credit score check by PAN card to avail of a loan, check out Tata Capital's multipurpose loan options. Besides quick processing and flexible repayment plans, we offer the most competitive personal loan interest rates in the industry. Avail of a personal loan and start building a strong credit profile today!

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