CIBIL Score: Google Pay is a trending online payment platform nowadays. Not only is it fast, but it also facilitates sending payments to anyone easily and without risk. You can use it for various services ranging from online shopping to mobile recharge. Along with its payment service, now you can easily check your CIBIL score for free using Google Pay.
Understanding CIBIL score and its importance
The CIBIL Score is a three-digit number ranging from 300 to 900, indicating the creditworthiness of a person based on their credit history. This score helps lenders assess whether you can repay a loan or not. A high CIBIL score reflects good financial discipline and often improves the chances of loan approval with better interest rates.
Regularly monitoring your credit score is essential as it is required for obtaining a loan, issuing a credit card, and even for employment opportunities. With the Google Pay app, you can now stay updated on your financial health and work towards improving your credit score.
Google Pay’s CIBIL score tracking provides actionable suggestions to enhance your credit score, enabling you to make informed financial decisions and improve your credit health. In this range of scores, those below 680 are considered subprime or poor, while those at 791 and above fall into the super prime category.
How to check CIBIL score on Paytm
- Open the Paytm app on your smartphone.
- Scroll down and tap on “Loans & Credit Cards”.
- Tap on “Loans and Credit Cards”.
- Tap on “Free Credit Score”.
- Enter your PAN card number and date of birth.
- Tap “Submit”.
- Your CIBIL score will be displayed on the screen.
- There is no charge to check the CIBIL score on Paytm.