Credit Information Bureau of India Limited (CIBIL) is India’s first credit information company that maintains the records of the individuals and non-individuals based on their transactions. The report is the CIBIL report which is used by the banks and NBFCs for the verification purposes before they approve the application of the customers for credit score related products. Even though there are many portals from where the credit or CIBIL score can be checked. However, the online procedure is more preferred way of doing anything.
So is the case with checking CIBIL score. You can check the score online within a few minutes with the help of PAN card. Wishfin is the only portal that has been certified by CIBIL itself. Hence if you check CIBIL score by PAN card online through this portal, you have the security and surety that you do not have to pay even a single penny for this. Let us see how can you check your CIBIL or credit score online at Wishfin.
Check CIBIL score by PAN Card for free at Wishfin
As mentioned above, Wishfin is the only online portal in India that has been authorised by CIBIL. The online portal lets you know that credit score within a few minutes. All you need to do is keep your PAN card handy and that’s it. You just have to follow the below steps:
- Visit www.wishfin.com
- Go to check CIBIL score page
- Provide your full name as mentioned in the PAN card
- Enter your Date of Birth
- Choose the gender you belong to
- Mention your PAN card number
- Enter your contact address
- Provide the email ID on which you want to get the credit report
- Enter your mobile number
- Submit the form
On the successful submission of the CIBIL score form, you will get a confirmation on your email ID. You will get the detailed credit report on the email ID you have provided.
Why is good CIBIL score important?
You must be thinking why should you check your CIBIL? Well, you must know that in the banking industry, if you have a good credit score, you can get better deals on loans as well as credit cards. Even though the applicants who do not have a credit history which means they have never taken any kind of loan or have never had any credit card have 0 credit history. There is nothing these people are missing on but if you a credit history then it is an add-on.
The customers who have a good payment history are preferably given better deals in both loans and credit cards. For instance, if you do not have a credit history and you apply for a loan, the lender will have no track of your past payment history which can help it trust you for the future payments. In this case, they will offer a little higher rate as compared to those who have a good CIBIL score.
If you do not have a credit score yet or having a bad credit score, read here some of the easiest ways to improve your credit score.
How to Improve Credit Score?
There are many ways that can help in improving the credit score or even create one if you are new to this. If you have a PAN card and are above 18 years of age, you have the below-mentioned options:
- Apply for a consumer loan
- Apply for a home loan
- Apply for a personal loan
- Apply for a car loan
- Apply for a credit card
Factors Affecting Your Credit Score
It is important to note that there are certain factors that affect your credit score. If you keep a check on the below-suggested things, you can maintain a good credit score.
- Avoid carrying credit cards who are of no use to you.
- Do not increase your credit limit as it affects your credit score.
- If you are using more than 50% of your credit card limit, it will affect the score.
- No-loan people also have a bad score of no credit score.
- Prepayment of the loans also affects the credit score.
- Late payments of the loan EMIs or the credit card bill.
- Positive payment history will help build a good CIBIL score or credit score.