Check your credit score on the Paytm app in one minute; here’s how
Paytm will now offer the possibility to check the CIBIL score on the app. Users will be able to view their detailed credit reports, including details of their active credit card and loan account, free of charge. In addition, one will also be able to compare their credit scores with others at the city, state and country level.
CIBIL or credit score is like your financial report card. A CIBIL score is a three-digit number that ranges from 300 to 900 and represents an individual’s creditworthiness. A higher CIBIL score suggests a good credit history and responsible repayment behavior. In addition, it improves the chances of your loan being approved and ensures faster processing of your application. The digital platform claims that the whole process can be done in 3 steps, in one minute.
Paytm also offers a special section on credit education where one can access information such as “how to improve their CIBIL score”, “interpret their credit report”, “the checklist required for a loan application. “,” The importance of having a good CIBIL score to benefit from a loan “, etc.
Here’s how to check your CIBIL score on the Paytm app:
– Log in to the Paytm app and tap the “show more” icon on the home screen
– Select “free credit score” in the featured section
– Enter your PAN card number and date of birth (if necessary). If you are a new user, you will receive an OTP for your profile verification.
With this, you can instantly view your credit score at no additional cost. You can also select “All Loan and Credit Card Accounts” to access your CIBIL credit report as well as the Credit Education section.