Your credit score is calculated based on your credit history, repayment records, and other credit information in your credit report. 

So before approving a loan, lenders use your score to measure your creditworthiness as a borrower. The credit score is a picture of you as a credit risk to the lender at the time of your loan application.

Your PAN is unique and is linked to all your financial transactions. Credit bureaus use your PAN as a unique identifier to locate your credit information in their records. This is why you need to provide your PAN to check credit score.

Enter your PAN and get your free credit score check online with Tata capital

Yes, some types of inquiries can affect your score.

When you apply for a credit card or a loan, lenders perform a credit check, which reflects in your credit report as a hard inquiry. Hard inquiries can decrease your credit score.

However, employer credit checks and self credit checks are soft inquiries and do not affect your score.

Avoid having too many loans and active credit cards simultaneously.
Pay your credit card bills timely.
Keep your credit utilisation under 30% of your credit limit.
Be consistent and punctual with your EMI repayments.
Check your online credit score and report regularly, and notify credit bureaus about any mistakes.

Credit scores are computed by credit bureaus in India. These include Equifax, CRIF High Mark, CIBIL TransUnion and Experian. Financial institutions and lenders rely on the scores attributed by these credit bureaus to ascertain a borrower’s creditworthiness.

You should check your credit score to ascertain your current credit position. Since financial institutions and lenders rely on your credit score to determine your creditworthiness, ensuring your credit score is error-free and accurately depicts your creditworthiness is imperative to a successful loan application.

Yes, a credit score of 750 is generally considered good. It reflects strong creditworthiness, increasing your chances of loan approvals and favourable terms from lenders.

No, only authorized entities like lenders, financial institutions, or you can check your credit score. Unauthorized individuals cannot access your credit score without your consent.

The minimum credit score to get a loan varies with financial institution. Be sure to discuss this with your chosen lender.