The rise of instant personal loans has increased the importance of the CIBIL score. Your credit score plays a crucial role in determining your financial health and eligibility for credit facilities. This is why, keeping track of your credit score is essential and PhonePe provides a convenient way to do so.
This guide will walk you through the simple process of checking your CIBIL score using the PhonePe app.
Open the PhonePe app on your mobile device
On the footer of the screen, you will find an option named ‘Credit’
Click on it and you will be taken to a new screen where you can check your credit score for free
Click on ‘Check Now’ and then choose ‘Check Credit Score’
PhonePe will need access to your credit information to fetch your details, so click on ‘Allow Access’ during this step
Next, provide your PAN, full name, and your date of birth
PhonePe will instantly secure the credit history and score of the number linked with your PAN
Want to check CIBIL score on Google Pay in seconds? Follow these steps -
Open the Google Pay app on your phone.
Scroll to the app's bottom.
Look for the option that says "Check your CIBIL score for free" and tap on it
Accept the terms and conditions, then click on 'Continue'
Following the steps suggested above will help you check your CIBIL score.
When checking your CIBIL for the first time on the app, it will request some basic details such as your PAN, date of birth, and other necessary information. However, you can check your score without providing that information from the next time onwards.
There are four CIBIL or credit score ranges - Poor, Average, Good, and Excellent). Google Pay will show you where you are regarding score and ranking.
That is how quickly Google Pay users can get their CIBIL score. Additionally, it also offers a fun game to help individuals learn about credit and methods to improve their scores.
You can also check your CIBIL score online for free. Just follow the instructions outlined below:
Go to the official CIBIL website and select 'Get Your Free CIBIL Score'.
First, create an account. Then enter your email address (your future username) and choose a secure password.
Fill in your name and select any document from the dropdown menu. Then enter the document's details as specified.
Fill in your other information, such as date of birth, PIN code, and state. Then provide your mobile number and click 'Accept and Continue'. Make sure you have your mobile phone with you at that point.
You will receive an OTP on your mobile number. Enter the OTP and click 'Continue'.
Next, you'll be asked if you wish to link the device to your account. Select 'Yes' if you are accessing the CIBIL website from a secure device (your personal laptop or mobile device). If you logged in from a public or shared device (such as a library or an internet cafe), select 'No'. Finally, click on 'Continue'.
The message 'You have successfully enrolled!' will appear on the screen. You can now access your CIBIL score by clicking on 'Go to Dashboard'.
After you've created an account on the website, simply click 'Member Login' to access your dashboard with your credentials.
Another way to easily check your credit score is through the moneyview credit tracker. Follow these steps to check your credit score in under one minute!
Visit the moneyview credit tracker
Enter your mobile number and click on ‘Get Score & more’
Then enter the 5-digit OTP sent to your mobile number and click on ‘verify OTP’
Your details will be fetched immediately
Your Permanent Account Number (PAN) is the most crucial document for banking and credit products. It is a unique number that confirms your identity and is linked to all of your bank accounts.
Thus, the PAN card contains all of the information about your financial history and credit behavior. It makes it easier for credit bureaus to trace loans you may have obtained from multiple banks.
Checking your CIBIL score using PhonePe or any other way mentioned above is simple and convenient. By checking your CIBIL score in PhonePe, you can stay informed about your creditworthiness and take proactive steps to improve it. Maintaining a good credit score is essential for accessing credit facilities and financial opportunities in the future. Following the steps outlined in this guide, you can quickly access your credit score and take control of your financial health.
No, checking your CIBIL score in PhonePe is considered a soft inquiry and will not impact your credit score.
You can get your CIBIL score instantly after completing the verification process in PhonePe.
Yes, PhonePe provides a detailed credit report along with your CIBIL score.
If you find any errors in your CIBIL report, you should immediately raise a dispute with CIBIL to rectify the errors.
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