How to Check CIBIL Score with Aadhaar: A Complete Guide

The CIBIL score is a three-digit number that varies between 300 and 900, keeping in view your creditworthiness based on the history of your repayments and usage of credit extended. A better CIBIL score normally ranges above 750 and opens up avenues to better financial prospects like quick sanctions of loans, lower interest rates, and higher limits on credit. While Aadhaar is a major document used in India for identity verification, it alone cannot be used to check your CIBIL score. In the following guide, different ways to view the CIBIL score, the role of Aadhaar, and some tips on how to improve the score for financial stability will be discussed.

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Can CIBIL Score be checked with only the Aadhaar number?

It is important to distinguish that it is not possible to check the CIBIL score with only an Aadhaar card. Adhaar acts as one of the identity verification documents along with other identification proofs like PAN; still, credit bureaus depend on PAN for checking your financial details because a PAN is directly connected to all your financial transactions. However, Aadhaar remains a supporting document in many online platforms for a CIBIL score check.

How to Check CIBIL Score?

1. Through Official CIBIL Website

The official CIBIL website offers a direct and secure way to access your credit score.

Step 1:Go to the CIBIL website and click on “Get Your CIBIL Score”.
Step 2: In this step, it asks the new user to sign up by providing personal information such as email, mobile number, and ID type (such as PAN).
Step 3: Fill in all the details and verify yourself with an OTP that will be sent on your registered mobile number.
Step 4: After verification, you will be directed to the CIBIL dashboard, where you can view your credit score along with a summary of your credit report.

To get detailed advanced credit information, you may subscribe to one of the CIBIL plans available: Basic at ₹ 500/month, Standard at ₹ 800 for six months, and Premium at ₹ 1,200 valid for a period of twelve months. These packages will accord you an inclusive overview, further including custom loan offers, credit alerts, and credit score simulators.

2. Third-party websites and Mobile Applications

Several third-party websites and mobile apps also offer free CIBIL score checks.

Step 1: There is an option on the website to sign up, providing all the necessary credentials including your mobile number, email address, and proof of identity such as PAN and Aadhar.
Step 2: Verification, usually authentication through OTP.
Step 3: These portals retrieve your credit score after verification and display it within minutes.

These third-party platforms retrieve your score from authorized credit bureaus, making the information veritable and reasonably accurate. However, even in those, you cannot view your CIBIL score with Aadhaar alone; PAN is required.

Eligibility criteria to access Credit Lines

The eligibility criteria for the StashFin Line of Credit are kept very broad to ensure that maximum people can fall into this category, which represents typical standards for accessing credit.

Age: 21 to 58 years in case of salaried individuals and 23 to 55 years in case of the self-employed.
Income: The minimum income is ₹20,000 in the case of salary and ₹21,000 in the case of self-employment.
Credit Score: A score of 650+, in fact, makes for better eligibility to any credit products.
Residency: The individual must be a citizen of India, residing in India.

Steps to Improve CIBIL Score

Here are some practical tips that will help you increase and develop a healthy CIBIL score:

Pay your EMI and credit card bills on time – Late payments negatively impact your score. Set reminders or put auto-pay to avoid defaults.
Keep a Low Credit Utilization Ratio Never max out your credit card. Keeping credit utilization below 30% of the granted credit limit depicts financial discipline.
Apply Less Frequently for Credit The impact of multiple inquiries in a short period decreases your CIBIL score. The reason too many inquiries are not good is because it indicates that a person might be credit hungry and he/she cannot manage his / her finances.
Check Your Credit Report for Errors Sometimes, misinformation may end up on your credit report. Follow up your report with regular checks.
Diversify Your Credit Mix: A good credit mix, meaning a mix of secured credit like home loans and unsecured credit like personal loans, will reflect well on your score.
Pay Off Overdue Debt Immediately Repaying overdue debts will help in raising your score. You can pay off the remaining balances and then apply for a new credit.

Key Features and Benefits of the StashFin Line of Credit

StashFin is positioned among the financial products that have made access to good credit scores with flexible loan solutions. Some of the salient features of this product include:

Credit Limit: ₹ 5,00,000.
Flexible Tenure: This ranges from 2 to 36 months.
Interest Rate: Starting from 11.99% annually, with 0% interest within a period of up to 30 days.
Processing Fees: Very nominal, starting with 2% only.
Instant Disbursal: It disburses credit through an app in just 90 seconds.

It helps in facilitating access to credit in less time, with minimal documentation through StashFin for easy loan sanctions.

Application Status Tracking by StashFin

Once you apply, knowing the status of your application will help you know what’s happening. Common Stages of Application:

Initial Application Submitted: The confirmation when an applicant first submits basic information, like email address and Aadhaar.
KYC Verification: Additional uploads of documents will be requested in case the lender requires further information, such as PAN or even Aadhaar.
Approval or Rejection: It is approved on the grounds of credit score and one’s income level.
Disbursements: Once approved, funds are instantly disbursed to your bank account.

Endnote

A healthy CIBIL score is very much important and forms a way to attain all sorts of financial benefits, including easy loan approval, lower interest rates, and pre-approved facilities. Though Aadhaar itself cannot be exclusively used as an entity to view the CIBIL score, it does find its place as part of the identity verification process along with PAN. You can improve your CIBIL score by embedding responsible financial behaviour. This, in turn, will help you in enjoying the privileges arising out of good creditworthiness. Keep on checking your score from time to time and make the necessary adjustments to stay ahead financially.