When you apply for a loan, your CIBIL score is calculated based on your credit history. Here is a step-by-step way to acquire your CIBIL score without a PAN card.
CIBIL is a credit information service that, among other things, calculates borrowers' credit scores. The credit score, or CIBIL score, is important because it allows banks to only provide credit cards and loans to individuals with strong credit histories.
Your score for CIBIL is a three-digit number that represents your creditworthiness and loan payback ability. It runs from 300 to 900 points, with higher scores indicating greater creditworthiness and a higher likelihood of loan approval.
When you apply for a loan, your CIBIL score is calculated based on your credit record. CIBIL computes this using an exclusive technique. However, the most important aspects in this calculation are your past credit behaviors, such as how you managed loans and credit card debt.
Acquiring a CIBIL score can be difficult at times, especially if you do not have a PAN card. To make things easier, here's a step-by-step process for getting your CIBIL score without a PAN card.
Step 1: Visit the verified Cibil website and click on 'Personal CIBIL Score,' then 'Get Your Free CIBIL Score.' It will direct you to another link, where you may fill out all of the details.
Step 2: If you do not have a PAN card, you can use a passport, voter ID, driver's license, or ration card. Enter the ID number of whatever identification you've chosen.
Step 3: Now, enter your birth date, PIN code, and state. At last, input your mobile numbers and select 'Accept and Continue'.
Step 4: On the next screen, enter the OTP that was sent to your mobile device to verify your identity. Choose 'Continue'.
Step 5: Select whether you wish to link the gadget to your account. Select either 'Yes' or 'No'.
Step 6: After successfully registering, you will get a page confirming it.
Step 7: Now, click on 'Go to Dashboard' to view your CIBIL score.
Some elements that affect the new CIBIL score are:
The Cibil website identifies the following elements that impact the new CIBIL score: depth of credit (calculated from the date your oldest bank account was started).
1. The long-term trend of unpaid balances
2. Credit Card Transaction History
3. The total number of new accounts opened and closed.
4. Actual repayment amount divided by total amount due.
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