Ways to Check CIBIL Score by PAN without OTP

The word CIBIL stands for Credit Information Bureau (India) Limited. As the name might already be giving out, it is a credit information company that maintains credit files of many millions of individuals and businesses in India. If you are someone who uses a credit card and have taken/ considered taking any form of loan in the past, you are probably familiar with the term CIBIL score. To put it simply, it a 3-digit score between 300 and 900, which is a summary of your credit history, and report. Your CIBIL score, also known as credit score, is indicative of your reliability as a borrower of credit cards, and various loans. The closer to 900 your score is, the better it is for you. 

The next obvious question is, how to check your CIBIL score? There are various ways you can follow to check your credit score. These include your bank’s website and mobile app, as well as various third-party platforms. Typically, you need to enter some information such as your full name, PAN, registered mobile number, and once your identity is verified through an OTP, you get to access your credit score. 

Also Read: How to Get a Credit Card Without CIBIL Score – Practical Ways

However, in case you want to check your CIBIL score without having to go through the process of receiving an OTP, there’s a way out. The official website of CIBIL now enables you to check your credit score with your PAN. This is a subscription-based service, and the duration of the service can be chosen by you. 

How to check your CIBIL score with PAN, without OTP?

• Go to the official website of CIBIL
• If you are an existing user, then log in with your credentials 
• Click on the ‘Get CIBIL score’ option 
• Should you want a subscription for periodic CIBIL score refresh, then opt for the subscription option of your choice 
• Enter your accurate PAN 
• Enter details such as date of birth, gender, and email ID
• A unique captcha will be displayed; enter that 
• Check the ‘Terms & Conditions’ box 
• Proceed ahead 

Once this process is complete, you can get a copy of your CIBIL report on your registered email ID. 

Why do you need to check your CIBIL report regularly? 

• In today’s world where we are often faced with financial challenges, you might be in need to additional funds readily available, such as personal loans, credit cards etc. Your CIBIL score plays a crucial role in the lender determining your worthiness to borrow money. The higher your CIBIL score is, the better are the chances of your loan or credit card application getting approved. Keeping a track of your CIBIL score tells you when it is dropping and you need to be extra cautious about your financial behaviour. 
• Checking your CIBIL report rules out any mistakes in your report, such as a borrowing on your name that you did not perform. 
• If you took a loan in the past and have repaid it in full now, it is important that your CIBIL report records the closure of your loan. Check your report time to time to ensure that your records are reflecting correctly. 

Also Read: Easy Steps to Check CIBIL Score Online Without PAN Card

Tips to improve CIBIL score: 

A strong CIBIL score indicates that you’re diligent with your repayments, and that you borrow and use credit responsibly. To see your credit score dropping can be worrisome, but fret not. Here are some ways to improve your credit score. 

• Always make timely repayments. Failing to pay your EMIs or credit card bills on time has an adverse effect on your CIBIL score, and the score might drop significantly. 
• Use your credits wisely. It sure feels great to have a credit card with a high credit limit, especially since it makes big spends easy. But it is best to not exhaust your credit limit. Experts suggest that using up to 30% of the credit limit available to you is the best for your credit score. 
• Do not take too many loans at the same time. With an innumerable personal loan apps ready to lend us money within minutes, impulsive borrowing is possible, especially if you are already going through a financial crunch. However, having many active loan accounts might impact your credit score negatively. 

To sum it up, keeping a check on your CIBIL score is now easy, with the official CIBIL website enabling its users to check credit score without OTP. As part of your best financial behaviour, keep a track of your CIBIL report at regular intervals, and use your financial tools wisely to maintain a good credit score.