Your CIBIL score is a 3-digit number that measures your credit health and reflects your creditworthiness. It ranges from 300 to 900, with higher scores indicating better repayment history and lower risk of default. A good CIBIL score can help you get faster loan approvals, lower interest rates, higher loan amounts, longer loan tenures, and better negotiating power with lenders.
However, keeping track of your CIBIL score can be challenging, especially if you have multiple loans and credit cards. That’s why Bajaj Finserv has introduced the Credit Pass, India’s first credit monitoring service powered by CIBIL. The Credit Pass allows you to check your CIBIL score every month, get a personalized dashboard with a summary of your credit profile, access a credit health report with detailed insights into your credit factors, and use tools like the credit score simulator and the EMI calculator to plan your future borrowing decisions.
Benefits of Bajaj Finserv Credit Pass
The Bajaj Finserv Credit Pass offers you many benefits, such as:
- Monthly score checks: You can use your Credit Pass to check your updated CIBIL score every month without impacting your credit score. This way, you can monitor your credit health regularly and take steps to improve it if needed.
- Personalized dashboard: You can get a customized view of your credit profile with a summary of all your loans and credit cards in one place. You can also get handy tips to improve your credit score based on your credit factors, such as repayment history, credit utilization, credit mix, and credit inquiries.
- Credit health report: You can access a comprehensive report that shows your credit history, payment behavior, account status, and credit score trend. You can also compare your score with the national average and see how you rank among other borrowers.
- Tools to manage your credit health: You can use the credit score simulator to see how different actions, such as paying off debt, applying for new credit, or increasing your credit limit, can affect your credit score. You can also use the EMI calculator to estimate your monthly repayments for different loan amounts, interest rates, and tenures.
- Exclusive offers: You can get pre-approved offers on loans, credit cards, and more based on your credit score. You can also enjoy lower interest rates and processing fees from Bajaj Finserv and its partner lenders.
How to subscribe to Bajaj Finserv Credit Pass
You can subscribe to Bajaj Finserv Credit Pass by following these simple steps:
- Visit https://www.bajajfinserv.in/credit-pass
- Select a subscription plan that suits your needs. You can choose from the standard plan for Rs. 59 for 6 months or the premium plan for Rs. 99 for 12 months.
- Enter your name, mobile number, email address, and PAN number.
- Verify your identity with an OTP sent to your mobile number.
- Make the payment using any of the available modes.
- Access your Credit Pass and start monitoring your CIBIL score.
Conclusion
Bajaj Finserv Credit Pass is a convenient and affordable way to keep track of your CIBIL score and improve your credit health. By subscribing to the Credit Pass, you can unlock the doors to a brighter financial future and achieve your goals with ease.