If you want to apply for a loan and for this you need to know your CIBIL score, now you will get this facility on Paytm app as well. Actually, Paytm has launched a new feature for its users. With this, users will now have the facility to check the CIBIL score on Paytm. Mobile wallet app Paytm has recently launched the facility of checking the CIBIL score on its platform. Along with checking the credit score on this app, you can easily see the details of your credit report. Let’s get started how you can check your credit score-
How to check CIBIL score on PayTm App
- First login to your Paytm app.
- Tap the Show More icon on the home screen or you can search the CIBIL score on the top search bar.
3. Now choose free credit score.
4. Now enter your PAN card number and Date of Birth
5. Now click on submit
New users credit or CIBIL score check guidance:
If you are a new user, you will have to enter the name and mobile number. After this, your profile will be verified, after which a one-time password will appear on your registered number. You can check your credit score only after entering it.
If the credit score is good…
Explain that for all those who have a credit card, it is most important to keep their CIBIL score good. Banks take your credit score to give you a loan. Banks offer loans at low interest to customers who have a good credit score.
How credit score is determined?
Some important things have to be taken care of in preparing credit score. To repay the loan on time, there is a 30 percent share in the credit score. With this, secured or unsecured loans have a 25 percent stake. Secured loans include car loans or home loans etc. At the same time, unsecured loans include personal loans, etc. Credit exposure is 25 percent of the credit score. Whereas the credit score for the use of debt is 20 percent.
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