Whenever there is a conversation going on about credit score, two of the most preferred portals are CIBIL and Experian. The score and report provided by the companies are genuine and correct which has made people prefer them for their free credit score check. If you have never checked your score, you can do it online for free with your PAN card. The steps involved are simple with the facility of instant score check. In this article, we have talked about the steps involved in checking the score from both CIBIL and Experian. You can choose the one as per your convenience.
Steps to check CIBIL score by PAN Card
The online portals let 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 CIBIL score page
- Provide your full name as mentioned on 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 fn 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 also get the detailed credit report on the email ID you have provided.
How can you check your Experian score?
The steps involved in the process of checking Experian credit score are mentioned here:
- Mention your Full Name, Mobile Number, and Email ID and click on the ‘Submit’ button.
- You will then receive an OTP on the registered mobile number
- Submit that OTP and click on ‘Verify & Continue’ tab
- Mention your Date of Birth and Gender
- Provide your Permanent Address including the state, city, Pincode
- Enter your PAN Number and submit.
After the completion of above process, there is a Q & A round which is the final step before you get your score. On the basis of the details you have provided, the credit score would range from 300-900.
What to do when you know your score?
The role of a credit score is to make you eligible for credit facilities such as credit cards and loans. Those who do not have any score are also eligible for these products but there cannot get the best ones. Once you have checked the score for yourself you know that where you stand. Based on the score you can apply for a credit card having higher reward points and cash back offers. In the case of loans, if your score is good that is above 750, you can get a lower rate of interest on your loan. A credit history or report shows you past payment habits which altogether is represented by a three-digit number. The score ranges from 0-900 but the score above 300 would only be represented.
Is there any minimum score requirement?
The score is subject to change from one product to another. For instance, when you apply for a loan, the minimum score would be different from the one required for credit cards. Also, the score is slightly different for the products within. If you want an average performing credit card with not much cash back offers or reward points, you can get it with a poor or no credit score as well. The best credit card would still be away from you. For loans, it is different depending on the type of loan. The score requirement is different for a personal loan and a home loan along with others.
With the above information, we hope that you find free credit score check simple and do it for yourself soon!
Author: Srishti Singh writers on various topics related to banking and finance industry. She has given her inputs on the importance of a good credit score and how can you build a strong credit history. You may also know Experian Credit Score and how can you check Experian score free within a few minutes.