Paytm has recently introduced the facility to check the CIBIL score on the app for free. With their free credit score feature, users can now view their detailed credit reports, including credit cards and loan account details. Additionally, they can also compare their credit rating with others at a city-state and national level. With this service, users can view their detailed credit reports, including active credit cards and loan account detail. The whole process can be known within seconds in four easy phases.
A better credit score and CIBIL score information are essential for everyone. Banks and NBFC regularly have to share loans, and credit card account deposits of their customers to four RBI authorized credit information companies (CIC) or credit bureaus in general. The shared detail includes your debit and credit card limits, loan EMI, and credit card bill payment history and credit default.
How to check credit score on Paytm let's know:
- Login to your Paytm app
- Tap the show icon on the home screen
- Select 'Free Credit Score'
- Enter your PAN card number and date of birth (if necessary) and submit. If you are a new user, you need to enter your name and mobile number, after which you will get an OTP for verification of your profile.
- You can immediately see your credit score without paying any fees and also read commonly asked questions about credit scores, such as credit score, why a credit score is important, etc. You can select 'All Debit and Credit Card Accounts' to access your credit report.
- Paytm facilitates the Special Credit Education section where users can get information, such as how to improve their CIBIL score, and explain your credit report.
Let me inform you that it is crucial to keep the credit score good. It helps the customer a lot in getting the loan. Banks also offer loans at a lower interest rate for customers with good credit scores.
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