Your CIBIL score is an important figure that reflects your creditworthiness. It helps banks and financial institutions decide whether to approve your loans or credit card applications. Checking your CIBIL score regularly is important, especially if you are planning to take a loan or improve your financial health. Did you know that you can access your CIBIL score just by using your PAN card, without needing an OTP? Here’s an easy-to-follow, step-by-step guide to assist you.
What is a CIBIL Score?
Your CIBIL score is a three-digit figure between 300 and 900 that represents your credit history and repayment patterns. A higher score reflects a strong credit history, making it easier to secure loans with favorable interest rates.
Why is a PAN Card needed to check your CIBIL score?
Your PAN (Permanent Account Number) is linked to all your financial transactions, such as credit cards, loans, and bank accounts. Credit bureaus use this information to create your credit profile and calculate your CIBIL score.
A Guide to Check Your CIBIL Score Using PAN Card Without OTP
Step 1: Visit the Official CIBIL Website
Go to the official CIBIL website (www.cibil.com). This is a trusted platform for checking your credit score.
Step 2: Sign Up or Log In
- If you’re a first-time user, click on ‘Get Free Credit Score’ to register and create your account.
- Existing users can log in using their email ID and password.
Step 3: Enter Personal Details
Enter your name, date of birth, and details exactly as shown on your PAN card. Ensure accuracy to avoid errors.
Step 4: Enter PAN Details
Enter your PAN card number in the given field. PAN helps the system fetch your credit history.
Step 5: Select the Option Without OTP
Certain platforms may let you bypass OTP verification by providing other options, such as security questions or email verification. Follow the on-screen instructions.
Step 6: View Your CIBIL Score
Once the process is finished, your CIBIL score will appear on the screen. This is a free and easy way to stay updated on your credit health.
Benefits of Checking CIBIL Score Regularly
- Improved Loan Approval Chances: A high CIBIL score helps you qualify for loans easily.
- Better Credit Card Offers: Lenders prefer individuals with good credit scores for premium credit cards.
- Identify Issues: Regular monitoring allows you to find errors in your credit report and correct them quickly.
- Track Progress: If you are working to improve your score, regular monitoring keeps you motivated.
Tips to Maintain a Good CIBIL Score
- Pay EMIs and Credit Card Bills on Time: Late payments can hurt your score.
- Maintain a Low Credit Usage: Try not to use more than 30% of your available credit limit.
- Avoid Too Many Loans: Multiple loan inquiries can reduce your score.
- Monitor Your Credit Report: Regular checks help in identifying issues early.
Checking your CIBIL score using a PAN card without OTP is easy and hassle-free. It’s a convenient way to stay informed about your credit health without relying on mobile verification. By understanding your CIBIL score, you can make informed financial decisions and improve your creditworthiness over time.
Remember, maintaining a healthy CIBIL score opens doors to better financial opportunities!
