You may need a loan to cover big-ticket expenses, such as home purchases, car purchases, or funding a wedding, education, medical emergencies, home renovations, travel plans, etc. However, when you apply for a loan, lending institutions use the CIBIL score to statistically represent your creditworthiness. They evaluate your repayment capacity based on this 3-digit number ranging from 300 to 900. A high credit score projects you as a trustworthy borrower, helping you get faster loan approval at lower interest rates. Therefore, it is essential to check your credit score before applying for a loan to see where you stand.
You cannot check a CIBIL score by Aadhar card alone to gauge your current loan eligibility. You will need a PAN card for the purpose. In the following sections, you will learn more about that.
How to Check Cibil Score with Aadhaar Card?
A PAN card is the primary document containing information about all your financial and credit transactions. Although Aadhar card is also a valid identity and address proof, you cannot know how to check CIBIL score with Aadhar card solely using this document? These are the steps to follow:
-
Visit the official CIBIL website
-
Select 'Get your CIBIL Score’
-
Login by entering your name, email address, and password
-
Provide your PAN details
-
Enter your date of birth, phone number, and PIN code
-
Click 'Accept and continue.'
-
Create an Account in CIBIL
-
Enter an OTP received on your registered mobile number
-
Select 'Continue'
-
Verify your identity
-
Go to the dashboard, Click 'Member Login', log in with your password, and view your CIBIL score.
How Does One Access Their Credit Report?
A credit score is a 3-digit number that indicates your creditworthiness based on your past credit behaviour. On the other hand, a credit report is a detailed document containing information about your credit accounts, repayment history, outstanding balances, credit age, etc. Obtaining the credit report is essential to monitor your credit history and take steps to bring it on track. You also need your credit report to identify possible errors in it and file a dispute to correct them. Therefore, you can also request your credit report, though a CIBIL score check with Aadhar number is not possible.
We have made this step-by-step list to make it easy for you to access your credit report –
Getting your credit report online is a quick and simple process. Simply visit CIBIL's official website, log in to your ‘CIBIL Check’ section, and enter a few basic details. Once the credit bureau verifies your details, they will email your credit report directly to your email ID. Here is a stepwise process to access your credit report online:
-
Visit the official website of the CIBIL credit bureau
-
Click on the 'Get Your Credit Score’ option
-
Choose a payment plan before proceeding
-
Enter your details like your, email address, mobile number, etc.
-
After verifying your details, the credit bureau will pull up your credit report and send it to your email address.
CIBIL is liable to provide you with one credit report per year for free. However, if you need more copies at regular intervals, you will need to pay to subscribe to their plans. Depending on how frequently you want your credit report, you can choose a plan for 1, 6 or 12 months.
The basic plan for one month costs ₹ 550, the standard program for six months costs ₹ 800, and the premium plan for one year costs ₹ 1200. Along with unlimited access to your CIBIL dashboard, personalised loan offers, and score simulator available with all three plans, the standard and premium plans also provide 24/7 credit monitoring facilities with CIBIL alerts.
Also Read: How to Check Your Current CIBIL Score by PAN Card Number?
Other Ways to Get Your Credit Score Online for Free!
Although you cannot perform a CIBIL score check with Aadhar number, there are a few other ways to check it online for free. You can conduct an online CIBIL score check by PAN number by visiting CIBIL's official website and perform a PAN card CIBIL score check online. You can also use an NBFC website for CIBIL check by PAN card. Some third-party websites and apps also allow you to check your CIBIL score online.
What Is the Importance of Your Credit Score?
A credit score is a 3-digit numeric representation indicating your creditworthiness. You can perform an online CIBIL score check by PAN number to get an idea of how lenders perceive you. Your credit score is important due to the following reasons:
-
Boosts your chances of getting a loan or credit card quickly
-
Enhances your chances of getting a loan at lower interest rates
-
Helps increase your loan amount and credit limit
-
Gives access to pre-approved loans
-
Lets you avail discounted rates on processing fees and other charges
-
Attracts fast approval with assured credit trustworthiness
Conclusion:
Your CIBIL score is vital for loan application and approval. During the process, a PAN card is a mandatory document you can use to check your CIBIL score. Credit score check by Aadhar card is not possible through the CIBIL website, NBFCs’ websites, and other sites and apps. However, you can use it to enter your details. Therefore, check your credit score regularly and take the necessary steps to maintain a good CIBIL score and ensure a better financial future.
FAQ:
Is Online Cibil Score Check Safe? Yes, checking your CIBIL score with PAN card is generally safe as long as you use an authentic platform for the purpose. Do not enter your confidential information or provide an OTP for financial transactions while checking your CIBIL score. If the platform asks for unnecessary information, it's better to try elsewhere.
How Long Is Cibil Score Valid? CIBIL score is valid for a short period only, and it changes with each financial transaction you make. For instance, your credit score may change as soon as you miss an
EMI or apply for a new loan. However, credit companies may take a few days to report the activity to the credit bureau, during which you might not notice any change.
