PayTM CIBIL Score: A Guide on How to Check and Verify

PayTM CIBIL Score:  The Paytm CIBIL score concept is one of the most important concepts that Paytm customers must understand. A three-digit number known as the CIBIL Score is consulted during the loan application process. In addition, it varies between 300 and 900. We are all aware of how important it is to frequently verify our CIBIL Score. We can maintain a healthy credit score by monitoring our CIBIL score frequently.

If you discovered a significant or minor error in your CIBIL score, you must take immediate action to correct the error. Because credit score plays a crucial function in obtaining any type of bank loan. Therefore, using Paytm is an alternative method to verify your CIBIL score online. So let’s investigate how PayTM CIBIL Score works.

How do you view your CIBIL Score on Paytm?

On the Paytm mobile app, you can effortlessly check your CIBIL Score. There are a few simple procedures involved. These straightforward procedures are listed below.

• Download the Paytm application from the App Store to your smartphone.
• After the installation is complete, install the application.
• Register for the Paytm app by providing the required information.
• After successfully registering in to Paytm, select the ‘Loan and Credit cards’ option.
• Click the ‘Free Credit Score’ link.
• Congratulations! You are done. Additionally, you can request an overview of your credit score.

Is Paytm’s CIBIL rating accurate?

Compared to other applications or tools currently available, Paytm offers a simple and straightforward method to access or verify credit scores. Here are some of the most important reasons why consumers prefer to check their Paytm CIBIL score.

• Free CIBIL rating The paytm verification procedure is straightforward and user-friendly.
• It displays a precise credit score.
• Checking your credit score requires less than one minute.
• The Paytm application also offers advice on how to enhance one’s credit score.
• The borrower must complete a few easy steps to verify their credit score.
• Paytm does not require a borrower to supply more or excessive data.
• Paytm’s CIBIL Score check procedure is secure.
• Users are able to verify their Credit scores for no cost.

The Paytm application, however, allows users to view their credit scores for free. But CIBIL Score is provided on the credit report, which contains separate financial data or information such as a person’s income details, total number of transactions, expenditure information, and other borrowing information, among others. Consequently, it is evident that the veracity of the paytm CIBIL score is maintained.’

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How do I remove the CIBIL Score from my Paytm account?

To eliminate CIBIL Score information from Paytm, you must first remove your credit or debit card information. The procedure of removing details is straightforward; the steps are outlined below.

• Navigate to the Paytm app on your device.
• The menu option is located in the upper-left quadrant and is denoted by three horizontal lines.
• Click my payment settings to access it.
• After that, navigate to settings and saved payment information will be displayed.
• Swipe left on the card you wish to delete.
• You will get a delete option. Click the link.
• It will request affirmation, “Are you certain you wish to delete this saved card?”
• Click “yes, delete the card,” and you’re done.

Thus, it is simple to remove your PayTM CIBIL Score.

What is the Paytm Postpaid service?

The post-paid option of Paytm is comparable to a credit card. People are therefore uncertain as to whether or not Paytm post-paid affects the credit score. However, Paytm’s post-paid service is one of its most distinctive offerings.

• The advantages of Paytm’s postpaid services
• There is no requirement to submit any documents.
• Interest rates of zero.
• You will have the opportunity to earn rewards.

How do I utilise the post-paid services of Paytm?

• Launch the Paytm app on your mobile device.
• Navigate to financial services and select post-paid.
• Following the completion of KYC, Paytm will inform you of your credit limit.
• Criteria for obtaining Paytm postpaid services

Your post-paid limit will be determined by Paytm based on your Paytm transaction history, CIBIL score, payment categories, etc. Also, you must be at least 18 years old.

How do I make a postpaid payment with Paytm?

On the first of each month, a postage-paid bill will be generated. You may also pay this bill via UPI, credit card, or debit card. Every month, the bill will be due on the seventh. You can increase your Paytm post-paid limit by consistently making on-time payments.

Increase your CIBIL score with Paytm Postpaid

The Paytm postpaid facility provides you with a certain sum to spend on Paytm. You can pay it when the bill is generated in the future. This procedure may involve credit card service. You initially propose RS 500 on Paytm, but this amount will subsequently increase.

Additionally, ICICI bank will provide this amount, while Paytm functions as a facilitator. Therefore, it is true that Paytm Postpaid payments may impact your credit score. We trust that you intended to ask, “Does Paytm Postpaid Increase Cibil Score?” The answer is yes, and it could even get worse.

Does using Paytm PostPaid lower your CIBIL score?

As previously discussed, a missed Paytm post-paid payment could affect your credit score. If you fail to make timely payments, the ICICI bank will disclose your PAN to credit rating agencies. Therefore, there is a possibility that these agencies will lower your credit score.

However, Paytm Postpaid may be reduced or denied in the future due to this behaviour while paying the bill.

Questions answered frequently

Is the Paytm CIBIL Score reliable?

A1: PayTM allows its customers to examine their credit scores at no cost. This credit score, however, differs from the Paytm CIBIL score. Paytm currently provides TransUnion CIBIL credit scores. The credit score provided by Paytm is used to determine the customer’s credibility. The CIBIL result is available on the official website of CIBIL.

Is it secure to view one’s CIBIL Score on Paytm?

A2: Using the Paytm application to verify your credit score is completely secure and completely free. Therefore, use Paytm CIBIL score for convenience.

What are the negative aspects of Paytm Postpaid services?

A3: Listed below are some drawbacks of Paytm Postpaid services:

• Reduced credit score in the event of late bill payment.
• High penalty for late payment.
• They charge exorbitant rates of interest.

We trust you have an accurate understanding of PayTM CIBIL Score and the impact of Paytm Postpaid on CIBIL.