Of the four credit information companies operating in India, CIBIL, or Credit Information Bureau (India) Limited, is the most prominent. In fact, the term ‘CIBIL Score’ is often used synonymously with the term ‘credit score’ in our country. Known as TransUnion CIBIL since 2016, India’s oldest and largest credit bureau offers credit reports and ratings to individuals and businesses.
CIBIL consumers can access their CIBIL Report for free once every year via the official website. Those looking for consistent access will need to acquire a paid CIBIL Membership. There are numerous plans available, catering to varied requirements, which can be bought at a lower price with a CIBIL subscription discount code by new members.
For many, however, the annual charges for their CIBIL Score subscription can get overwhelming. That’s where the Bajaj Finserv Credit Pass comes in.
Advantages of Credit Pass
This innovative credit monitoring and management service by one of India’s most trusted NBFCs is powered by CIBIL and available for as little as Rs. 99 annually. It comes with a host of benefits that make it the perfect tool for newcomers and veterans alike seeking to manage their credit health efficiently. A Credit Pass subscription provides:
- Monthly Score Updates: Your CIBIL Score updates every 30-45 days. With the Credit Pass, you get unlimited access to your monthly CIBIL Score update so you can stay current on your credit status.
- Personalised Dashboard: Get a comprehensive overview of all your credit card and loan accounts in one convenient place for easy monitoring and real-time access to your credit health report. Immediately spot and rectify errors and discrepancies, and safeguard yourself from potential fraud by promptly disputing unknown accounts or credit checks.
- Credit Factors Tracking: With a bird’s eye-view of all the factors that impact your credit score neatly laid out on your consolidated dashboard, it’s easy to analyse your repayment track record and credit utilisation trends, etc. and course correct as required.
- Credit Score Simulator: Say goodbye to guesswork and hello to confident credit applications. With the Credit Score Simulator, an interactive and predictive tool, you can simulate scenarios to gain clarity on the kind of impact a new credit card or loan will potentially have on your credit score, even before you apply. Reduce your hard enquiries and keep your credit health intact.
- EMI Calculator: You no longer have to walk into life with a new loan blindfolded. With the EMI Calculator you can predict the kind of month-on-month financial obligation that a new loan will entail, before you apply. Plan your future finances and stay on track with your budget with ease.
Purchase Credit Pass
Ready to avail this top-notch support in your credit journey, then follow a few simple steps to sign up:
- Visit the Credit Pass web page on the Bajaj Finserv website and click on ‘SUBSCRIBE’
- Complete the OTP-authentication process after providing your mobile phone number
- Provide your name and PAN Card Status details, among other information, as prompted
- Choose between the two available subscription plans, per your need, complete purchase, and submit your registration
You can now sign in with your unique 12-digit Credit Pass number and begin maximising the benefits provided by this novel service.
Remember, the key is to review your report regularly and take proactive steps to build your credit health. Your Credit Pass subscription is an investment in your financial wellbeing.