Maintaining financial health requires individuals to remain informed and proactive. However, over 50% of Indians are unaware of their credit scores and the workings of credit bureaus. Addressing this need, Bajaj Finserv, one of India’s leading financial services companies, has launched Credit Pass. This product make individuals more informed and helps them achieve their full financial potential.
A key aspect of financial management is understanding your credit score, and one of the most vital steps in this process is the CIBIL login process. After logging into the CIBIL website, you can check your CIBIL score and obtain your credit report. Alternatively, you can subscribe to the Bajaj Finserv Credit Pass and manage your credit health.
Let us understand the importance of credit scores, learn the process of CIBIL login, and check how the Bajaj Finserv Credit Pass can assist you in enhancing your financial profile. Also, we will see how you can make Aadhaar updates by following a few simple steps.
What Is A Credit Score?
A credit score ranges from 300 to 900 and represents your creditworthiness. This score is calculated based on your credit history, which commonly includes:
- Your borrowing and repayment habits
- Length of your credit history
- Types of credit accounts, and
- Any outstanding debts
Most lenders, such as banks and financial institutions, use your credit score while approving your loan or credit card applications. They do so to assess the risk of lending you money or extending credit.
Generally, a high credit score is considered good as it signifies responsible credit behavior. It increases your chances of securing loans and credit cards at favourable terms. On the other hand, a low credit score usually limits your borrowing options and results in higher interest rates.
What is CIBIL?
The CIBIL full form is Credit Information Bureau (India) Limited. It is India’s leading credit information company, monitoring credit-related transactions of individuals and businesses, such as loans and credit cards. These records are then used to create credit reports and scores.
It is worth mentioning that a CIBIL score issued by CIBIL is one of the most critical factors in the loan approval process. It reflects your creditworthiness and helps lenders decide:
- Can the loan application be approved?
- What interest rate should be offered?
- What should be the level of scrutiny of a loan application?
- What additional terms and conditions should be implemented?
To help individuals track and monitor their CIBIL or credit scores, Bajaj Finserv has launched a unique subscription-based service called Credit Pass. Powered by CIBIL, it lets you obtain a bird’s-eye view of your credit health. Premium plan subscribers also get access to several modern predictive tools, such as the Credit Score Simulator and EMI calculator. Alternatively, you can log into CIBIL’s official website and obtain your credit score.
What Is the CIBIL Login Process?
To smartly monitor your financial health, it’s essential to check your CIBIL score regularly. You can do so by logging into CIBIL’s website. However, firstly, you will have to register yourself. Let’s see how:
- Go to the official CIBIL website.
- Find and click on the option ‘Get your CIBIL score.’
- Pick the subscription plan that suits you best.
- Fill in personal details, like your name, date of birth, email ID, and other required information.
- Accept the terms and conditions and complete the identity verification process.
- Follow the steps to make the payment for your selected subscription.
Now, after successfully registering, you can log in to access your credit report and score. Follow these steps to perform CIBIL login:
- Visit the official CIBIL website.
- Click on ‘Get your CIBIL score’ and then select ‘Member login’.
- Enter your credentials (username and password) to log in and access your account.
Once logged in, you can view your credit score and detailed credit report. Analyse them to stay on top of your credit health.
What Is the Bajaj Finserv Credit Pass?
The Bajaj Finserv Credit Pass is a one-of-its-kind subscription-based service that allows you to track and manage your credit health. It is a comprehensive financial tool designed to give you a holistic view of your financial standing. For more clarity, let’s check out some major advantages of the Bajaj Finserv Credit Pass:
- Every month, check your updated CIBIL score. Such regular checks do not have any influence on your credit score.
- Get access to a personalized dashboard where you can see all your loans and credit cards.
- Receive detailed information on the factors that are negatively impacting your credit health, along with corrective actions.
- Use advanced predictive tools like a Credit Score Simulator, which shows you how different credit scenarios can impact your current credit score.
- Track several credit factors, such as credit utilization and repayment history, to make informed decisions while applying for loans and credit cards.
- Based on your credit profile, you receive customized advice on how to maintain or enhance your credit score.
Currently, Bajaj Finserv is offering the credit pass subscription in two different plans:
- Standard Plan: Available at Rs. 299 for 6 months
- Premium Plan: Available at Rs. 499 for 12 months
How To Apply For the Bajaj Finserv Credit Pass?
The Bajaj Finserv Credit Pass is a subscription-based service. To subscribe to a plan, follow these simple steps:
- Go to the official Bajaj Finserv website and select the ‘Credit Pass’ option.
- Click the ‘Sign up’ button to begin the registration process.
- Enter your mobile number and verify it by entering the OTP (one-time password) sent to your phone.
- Now, complete the online form by providing your PAN card number, pin code, email ID, date of birth, and salary range.
- After filling in your information, click on ‘Verify details.’ This will take you to the payment page.
- Choose your preferred payment method from the available options.
- Pay Rs. 299 (standard plan) or Rs. 499 (premium plan) to complete your purchase of the Credit Pass.
- After successfully making the payment, you can log in to your Credit Pass account.
- Once logged in, you can view your personalised dashboard, check your latest credit score, and access your credit health report.
How To Make Aadhaar Updates?
Keeping your Aadhaar information up-to-date is important for maintaining an accurate credit score. Additionally, an updated Aadhaar card:
- Prevents identity theft.
- Ensures your credit profile remains accurate and current.
- Allows for quick identity verification when applying for loans or credit cards.
- Reduces the risk of errors in your credit report.
If you are looking to make changes to your name, address, date of birth, and gender in your Aadhaar card online, follow these simple steps:
- Go to the official UIDAI website: uidai.gov.in.
- Click on ‘My Aadhaar.’
- Click on the option ‘Update your Aadhaar’ to go to the update page.
- Enter your 12-digit Aadhaar number and the captcha code shown on the screen.
- Click on ‘Send OTP.’
- You will receive an OTP on your registered mobile number.
- Enter the OTP and log in to your Aadhaar account.
- Under the section of ‘My Aadhaar,’ choose the option ‘Update demographics data.’
- Here, update your details, such as name, date of birth, gender, or address.
- After this, your update request will be processed, and you will receive an SMS notification once it is completed.
- Within a few days, your latest Aadhaar update will be entered into the UIDAI database.
Conclusion
To maintain robust financial health and easily get approved for loan and credit card applications, you must regularly monitor your credit score. For this purpose, Bajaj Finserv has launched India’s first credit monitoring service, Credit Pass. This service is powered by CIBIL and allows you to check your CIBIL score every month, get a personalized dashboard, and use predictive tools like a Credit Score Simulator. With plans starting at Rs. 299 for six months (the premium plan is available at Rs. 499 for 12 months), it is a valuable resource for anyone looking to stay informed about their credit health.
Also, you can log in to the CIBIL website to check your credit score and get your credit report by following a few simple steps. In addition to monitoring your credit score, it is crucial to regularly update your Aadhaar information to avoid errors, which can lead to a decline in your credit score. This prevents identity theft and ensures accuracy in your credit reports. You can easily update your Aadhaar information online through the UIDAI website.
*Terms and conditions apply.
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Evelyn