In the current scenario or ever since digital lending started, the NBFCs have been providing personal loans instantly with a fast lending mechanism. Due to various techniques which are associated with almost every step of lending, it has become easy for customers to get instant financial support. The transactional information of the customers can easily be found by the lenders through PAN cards only. At the same time, it has become essential to check your credit score and existing loan on your PAN card, because recently many cases have been noticed where some person or agency can misuse your PAN number delinquently by taking a loan on your PAN number. It can hamper your credit score also. Therefore, it is essential to check your score at least once a month where you can get the details of the active loan. Let’s discuss the way how to check active loan on PAN card for the updated information.
The process to check the active loans
To check the active loans, you need to check the credit score which is provided by the four main institutes, and these are TransUnion CIBIL, Experian, Equifax, and CRIF High Mark. Almost all lenders use one of these to check the score before approving your loan. It reveals your credit score and the entire transactional history along with the active loans. So, you can check your credit score using any of these. The steps to check the CIBIL score are as follows
- Go to the official website of the CIBIL
- Click on “Get Free CIBIL score”
- Create an account: If you are a new user and don’t have an account then open it by using your PAN card and PAN number.
- Enter OTP: You will receive the OTP on the registered number. So, enter the OTP to get the score
- Get the details: Once your OTP is submitted you will get the details with your credit score and all the existing loan.
Once all the information is there, match all the loans and check whether have you already taken these loans or not. Is there any effect on your credit score?
If you find any changes or misuse of your PAN card, immediately inform the regulatory body, i.e., the credit bureau with the brief details.
More Options to Check the Credit Score
There are various options to check the credit score, especially through other credit bureaus like Experian, Equifax, and CRIF High Mark, where you need to go to their website and repeat the steps where you must have a PAN and Aadhar card. So, by entering all this information, you will get the credit score easily.
There are other options to check credit scores and these are:
Directly through lenders: You can check the credit score and information of the existing loan directly through the lender because while getting a loan your documents are verified and using your PAN your CIBIL is checked.
With Net Banking or UPI App
Mobile banking or UPI Apps also provide free credit score checks. So, you can also check your credit score there.
Through Lenders Website
It is also possible to check the credit score through the lenders as most of them provide the facility to check credit score.
Conclusion
Considering the enormous challenges and data security, it is always necessary to be updated on the credit score and existing loan. With the above details, it might be clear how to check active loan on PAN card. So, once you have checked your credit score and find any undesired changes in your credit score, immediately report to the credit bureaus and get the resolution of your queries. Because your fair transaction and higher credit score is always essential for better financial assistance in future.
