How To Check Active Loan On PAN Card

Unlike the past, loan approvals today happen in seconds. One integral part of these instant loans is the submission of a PAN card for identification.

How To Check Loan On PAN Card

PAN cards have been the subject of several frauds in recent times. To ensure the safety of your credentials and avoid unnecessary loans in your name, you must regularly check the active loans on your PAN card. You can do so by checking your credit report.

The credit report is a summary of your credit history, and it is mapped to your PAN card. The report summarizes your credit score and also allows you to check all your loans.

How To Check Credit Report

CIBIL and Experian are the major credit bureaus operating in India. Banks and lending institutions seek credit reports from these bureaus to check your creditworthiness and ensure a safe financial transaction. 

CIBIL and Experian also provide credit reports to individuals seeking them. The reports contain detailed information about your loan history, an overview of your job profile, repayment history, credit inquiries, personal and contact information, credit card utilization, and credit score.  

Check Your CIBIL Score

To check your CIBIL score, follow the following steps:

• Visit the official website of CIBIL

• Click on “Get Free CIBIL Score & Report”

• Create an account if you are a new user by entering your personal information, including your name, identity proof (PAN Card and PAN Card number), and date of birth, and press continue

• On the next screen, enter the OTP sent to your mobile number and email address for verification

• The page will be directed to the main dashboard of your CIBIL account

On your dashboard, you will find your CIBIL score along with information regarding your employment, account, and more. CIBIL also allows you to analyse your score and download the report free of cost.

Check Your Experian Score

You can find out your Experian score in the following way:

• On the Experian website, click on “Get your Credit Report”

• Provide your mobile number on the next page and enter the OTP sent 

• On the next screen, enter the details linked to your loan or credit card account (name, email address, DOB, PAN card number, address, and PIN code)
• Then, agree to the terms and conditions of Experian and click on “Get Report”

• The report gives a detailed insight into your loans and the factors that play a role in determining the score.

CIBIL and Experian also allow users to raise a dispute in case of any discrepancies in the credit report.

There are also several third-party applications that provide your credit score instantly. Most applications display both CIBIL and Experian scores in one place, making it easier for users. 

While it is quicker, you must be wary of possible illegal websites that might use your information for fraudulent activities. 

Conclusion

If you want to know how to stop misuse of PAN card, then you need to keep an eye on the activities that involve your PAN card. PAN card misuse has become a common problem in recent years. 

Users must stay vigilant and avoid sharing personal information regarding the PAN on suspicious websites. If your PAN is active but the details are not as per PAN, then immediately raise a complaint. Check your credit report regularly to see if there are any loans under your name that you are not aware of.