How to Check Cibil Score With PAN Card

The most convenient way to access your credit report and check CIBIL score is through the website of CIBIL. When you log on to the website you will have to provide some personal details and then enter your PAN details for verification. There will be questions about your credit history to answer and another personal ID may be required. If you are checking your CIBIL score for the first time then you don’t need to pay any fee as it is completely FREE for the first time.

Once you have submitted all the required details, they will email your credit report.

Experts recommend that you should at least check your credit score once a year to avoid any surprises at the time of applying for the loan. If you are considering applying for a loan then you should check your score one year before applying so that you have enough time to improve your CIBIL score, if required. As good credit score improves your chances of getting accepted for loan and lets you enjoy low interest rate.

We know that CIBIL (or any other credit bureau) has a collection of data that yields comprehensive details about the applicant. The major components of it are:

Your repayment history
Available credit balance from all sources
The number of your loans and their age
With all this information in hand, CIBIL uses a complex mathematical formula to calculate your credit score.


Similar to a credit card, there is no minimum cibil credit score that guarantees acceptance of your loan. Every bank follows its own norms to approve an application. But as a general rule, a cibil score of 750 or above significantly increases your chance of acceptance. Don’t think it’s a completely bad news forc those with less than 750 scores, some banks offer loan to even such prospects.

A bad score would be anything less than 750 and yes, it is possible to get a loan even with a poor cibil credit score. But, the only difficulty is that the process might take longer than usual and the lower your score; the difficult it becomes to get a loan. You would be a risky customer to the lenders with a low score, the lender might even put some strange terms and conditions on your long. Not only you may face longer processing time but maybe your lender would grant you a loan at a higher rate of interest, or even more number of documents. Moreover, a lower amount of loan and shorter repayment period. That is why it is advised and highly recommended that you have a CIBIL score of 750 or more.

Generally, it should take somewhere between 4 to 12 months to improve your score. This also one of the reasons for why you should check your CIBIL score at least 12 months prior to applying for a loan. In this way, you have enough time to improve your score if your score is low. It should take less time if you are closer to 750 and vice-versa.


CIBIL score is not mandatory to apply for a loan and you can apply for a loan even without it. However, the process will be difficult; more documentation will be required, longer processing time, and obviously higher risk of rejection.

Is there any Defaulter or Negative list?

People too often have this misconception but let us break the myth that no credit bureau maintains a list of defaulters. Credit bureaus collect information from all the banks and financial institutions of every payment, irrespective of whether it is defaulted or paid on time. Information of every type of customer is collected by the bureau. So, you can be sure that CIBIL (or any other bureau) does not keep a tab just on defaulters. However, your credit score may segregate you as a defaulter or a reliable borrower.

Role of CIBIL score in your approval process

CIBIL directly has no control over your approval process and it holds no responsibility for approval domain. CIBIL only provides the information that might be useful to the lenders in making decisions about the applicants. The credit report saves time and money of the lenders on carrying out background checks.This makes the process more transparent and convenient for both the parties. The cibil credit score helps in making a quick decision about the applicant. Once shortlisted the lenders make a complete judgment by looking at the credit information report.

Usually, lenders consider a score of anything above 750 as a good score. CIBIL score is a three-digit number which ranges from 300 to 900. This cibil credit score is mentioned in your CIBIL report along with all the comprehensive information about you.

Benefits of having a good CIBIL score

If your score is above 750 then it means that the applicant has a good repayment history. With such a score chances of your loan application being accepted rise manifold.

Faster Approvals
Your goof CIBIL score will expedite the acceptance process and rather than taking months or weeks; it will get done within days.

Lower rate of interest
A high score means that the customer is reliable and banks would like to deal with such customers. Banks may even offer you a lower rate of interest to allure you as their customer.

Repayment tenure might increase
Your good credit score makes the lender confident that you will repay the amount and thus, it may even offer you a longer time to repay your loan.

Higher credit limit or loan amount

A score of 750 and above is considered sufficient to apply for a credit card. Banks, NBFC and credit card companies consider such customers as low-risk borrowers and thus, your application process is expedited. However, one must not think that it is some threshold which has to be met.

Lenders approve credit cards to even those borrowers who have less than 750 credit score.

But as a general practice, most lenders don’t approve credit card applications with a lower credit score that is less than 750. However, not all customers with low credit score have poor credit discipline. There could be many other reasons for low credit score, like a medical emergency which might have gone hefty of your pocket leaving you with almost no money for repayments, or you don’t have sufficient credit history to judge as you don’t have much credit, even then your credit score would be low.

An alternative can be a ‘secured’ credit card. Such a credit card works the same as a normal credit card but you have to open a fixed deposit account in the bank to be eligible for that. Additionally, your credit limit will be only 80-90% of the amount you have in fixed deposit. In those cases when you are unable to make the repayment; the bank will automatically deduct the amount from your fixed deposit account. Banks have zero risks of losing money in such a case. You can build your credit score by making timely repayments on this credit card.


In layman terms, a credit report is a document that encloses details of someone’s borrowing history and repayment record. The document provides a comprehensive insight and helps the potential lenders have a detailed picture of that person’s (or company’s) credit-worthiness.The decision is made on the basis of the past and current credit behaviour. Lenders can make right decisions with the report as it is a quicker way to have accurate information of the applicant. They get instant access to so much information that it expedites the lending decision and maintains transparency while making decisions.

If you have ever borrowed money from Banks,NBFCs, or credit card companies, then your credit-related behaviour is always being tracked. All your transactions (only related to credit) are sent to the credit bureaus, including CIBIL, and over there it is maintained properly and taken care of. The information passed on to credit bureaus include details of all your loan and credit card repayments including the details of late or missed payments; details of all the things inquired by the lenders on loan or credit card applications made in the past; all of your current loans and currently running credit cards; total credit limit provided to you; and other coherent credit-related information about you.

Thus, the credit report is just a single document that serves as a compilation of your credit history across all the different lenders you have ever interacted with in a significant period of time. Here’s a list of the things that are included in your credit report.

Personal information such as name, age, gender, and correspondence address.
Details about your employment.
All the hard enquiries ever made by potential lenders on receipt of your loan/credit card application.
Everything related to your previous and presently going on loans, including your payment records.
All ‘settled’ loans, if any
Credit Utilization Ratio, it is your credit limit and the percentage of your consumption out of it
Credit card payment defaults, if any
The most important component, Credit Score.
As we know, CIBIL Report is a documented briefing of an individual’s or firm’s creditworthiness. It holds great value because of several reasons and here we are mentioning them.

It is a single document with a comprehensive report of the customer’s past and ongoing borrowings with the history of repayments.
Potential lenders can literally scrounge through every aspect of customer’s spending discipline and ability to fulfil debt.
It provides customer’s credit strengths and their weaknesses. The customer can also use it to make smarter focused decisions to improve credit health.
Transparency is maintained. It also streamlines the loan approval process. This is because the customers and lenders share the same information for credit. Customers can clearly witness the reason for being rejected and lenders make quick decisions on customers. Lenders also save money on field verification and checking background.
Detailed description of a CIBIL report

We have already discussed the overview of your CIBIL report but now we will go in depth of it. A usual credit report has the enlisted demographic and identification data on the report.

Date of birth
Current and previous address
Email ID
Telephone number
PAN number
Passport Number
Income per annum
Driver’s license number
One should make sure that this information is up to the mark as this can cause a number of problems while applying for a loan. A good practice would be to check the CIBIL report at least once every year. In case, if there are issues in details, then get them resolved by coordinating with the lender or the credit bureau.

The next thing is the details of every loan that you have taken so far. There will be a list with particulars such as name of those lenders, type of loan (personal, credit card, auto loan etc.), date of disbursing the loan, the amount of loan, current outstanding balance (if any), rate of interest, time period of loan, monthly EMI installments, current profile of loan, 36 months repayment history behavior, etc. If you have made late payments then their recorded DPD or Days past due, every overdue payment recorded, and a status field for signifying the presence of negative status- like if it was settled, or it is in write-off status, whether the loan is current or if some legal suit has been filed. This information holds considerable sphere in deciding your credit score. Thus, it is crucial that this area is completely accurate all the time.

The last section has the number of times you have applied for loan or credit card- the section is called Credit Enquiry. If there are a number of credit enquiries but a corresponding loan has never been passed then it leaves a bad impression on the lender and affects your score. Such a customer is considered ‘credit hungry’ and holds a negative impact on credit score.

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