Check CIBIL score free by pan card
Did you know the very first criteria used to check the lender’s eligibility for any loan in CIBIL score and this score is prepared by the CIBIL? This score decides the chances of getting the loan. The more this score, the more chances you have. You can check the CIBIL score free by PAN Card.
Is your CIBIL score getting lower?
As per all Credit Information Bureau India Limited, all kinds of loan eligibility are based on the CIBIL score. This is nothing but a three-digit numeric of the entire credit history of the lender. This score is based on the information provided by the respective banks and any other financial organisation.
This score ranges from 350- to 900, and if you have a score above 700, it represents that you are a trustworthy borrower.
Here are the factors on which your CIBIL score depends-
- Based on the previous payment histories and dues
- High use of credit card
- Use of multiple loans and credit cards
- The higher percentage of unsecured loans
All the above factors are directly and indirectly responsible for lowering the CIBIL score. If you want to know about your score, you can check CIBIL score free by pan card.
If your debt burden is high and timely payments are not submitted, your CIBIL score will decrease. Make sure that you have paid your EMIs on time and your credit card bills within the decided period.
Eligibility for a loan despite a low CIBIL score
To get the approval for your loan, it is important to follow the following criteria, and this will help you get a loan despite a low CIBIL score.
- Show the stable income source
- Always file your taxes on time
- Try to get a secured government job
- Show a good bank balance to improve your CIBIL bank
Always check your CIBIL score free by pan card and keep your loan eligibility high. Always keep your CIBIL score at a medium level to easily get the sanction of your loans.
You might also like to read :- 4 proven hacks to build a great credit score
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