How to Check Your CIBIL Score Using Your PAN Card_- FS guest blog

1. How to Check Your CIBIL Score Using Your PAN Card? Checking the CIBIL score comes first while applying for a loan as it’s the indicator of your financial health. How much credit you can have, at what rate and for how long; all is measured by looking at the credit score. After considering many factors like your income, source and nature of income, financial liabilities, credit history, etc. your loan amount will be decided. Calculating the CIBIL score is a meticulous task made easier if done through PAN Card. Let’s understand how and why you should use a PAN Card for checking your CIBIL Score but before that there are other ways of calculating the CIBIL score as well. How to Check CIBIL Score or Credit Rating? The credit bureau takes into account your credit history, income, and repayment behaviour to find out your credit score. The credit score is mostly calculated by the credit rating agencies based on your ability to repay the amount borrowed. You too can check it using the o?cial CIBIL website- https://www.cibil.com. You can also use your voter ID, driving licence or passport number to calculate your CIBIL score provided it’s linked with all your financial accounts. Why Check CIBIL Score Using PAN Card? The PAN card number is a unique identifying document of every individual. It’s linked with all the financial and bank accounts of almost everyone making it easier to reach all the details of an individual e?ciently. Using the PAN card number for evaluating credit reports is a direct method that gives authenticated credit information by using associated details. Steps to Check CIBIL Score Using PAN Card 1. Visit the o?cial website of CIBIL 2. Click on- “Get Your Credit Score” 3. Choose a subscription method if applicable 4. Enter your PAN Number 5. Enter details like; Name, age, email id etc. 6. Acknowledge the terms and conditions 7. Proceed to the payment window

2. What if You Don't Have a PAN Card? In case you don’t have a PAN card, you can still check your CIBIL score using your voter ID, driving licence or passport number. Albeit using the PAN card to check your CIBIL score is the easiest. You can also apply for a new PAN card online in easy steps. What is the CIBIL Score for a New PAN Card? On a new Pan card, the credit score can still be calculated. While your PAN card is new, the TransUnion CIBIL database will reflect a “Red Flag” on your account. It happens because your credit history is mapped to multiple banking transactions along with other details like date of birth, address etc. In this case, the lender can dig deeper to evaluate your credit health. What are the E?ects of PAN Change on My CIBIL Score? If you have lost your Pan card or have applied for a new one, the same PAN number can be allotted to you. Since the PAN number remains the same, it doesn’t a?ect your credit score or CIBIL score. If you have more than one PAN card, surrender one to the authority. While taking a loan or opening any credit line, the CIBIL score plays an important role and mostly every lender observes it too. CIBIL score is a clear and direct method of checking your credit health further leading the lenders to measure the quantum of the sum to lend, rates and term of the loan. Whereas a few lenders have easy ways to lend credibility and give you the credit on relaxed terms. FlexSalary is one such lender that extends a line of credit to salaried professionals at reasonable rates. At FlexSalary, the CIBIL score is not mandatorily observed and just based on your salary slip and bank statement, the credit line is approved. Moreover, FlexSalary provides you with a flexible repayment option so that you can repay at your convenience.