Bajaj Finserv, one of India’s leading non-banking financial companies, recently unveiled the country’s first-ever online Credit Pass subscription service. Bajaj Finserv Limited has partnered with TransUnion Cibil, one of India’s premier credit information companies, to launch the Bajaj Finserv Credit Pass. TransUnion Cibil boasts extensive credit reporting and scoring expertise and is trusted by financial institutions across India.
Through their partnership with TransUnion Cibil, Bajaj Finserv can offer customers a comprehensive credit health report that gives an in-depth view of their credit history. With the Bajaj Finserv Credit Pass, customers can easily monitor their CIBIL score, understand their financial health and take steps towards improving it. This innovative online Credit Pass subscription program gives customers access to their Credit Health Reports in real-time, helping them monitor repayment history and take advantage of offers on loans, credit cards and other financial products.
Overview of Bajaj Finserv Credit Pass
The Bajaj Finserv Credit Pass is an online subscription service that gives customers real-time access to their Credit Health Reports. This report gives a detailed view of all accounts and factors affecting your CIBIL score, such as repayment history and inquiries. By subscribing to the Credit Pass, customers can check their CIBIL score frequently and use interactive tools like the CIBIL score Simulator to assess their financial health. This information helps determine eligibility for loans or credit cards.
Bajaj Finserv Credit Pass subscription plans are simple and affordable, making them accessible to a wide range of customers. Customers can subscribe by paying an annual subscription fee of Rs 99, which provides unlimited access to their Credit Health Report as well as other features of the Bajaj Finserv Credit Pass for one year from the activation date. After that period, customers may renew their subscriptions by paying another one-time fee.
Steps to apply for Credit Pass
Applying for the Bajaj Finserv Credit Pass is easy and can be done in simple steps. Here’s how you can apply for credit pass:
- Step 1: Search the Bajaj Finserv website for the ‘Credit Pass’ tab.
- Step 2: Click the ‘Get It Now’ button to apply for credit pass.
- Step 3: Enter your mobile number. An OTP will be sent to this number.
- Step 4: A new page will open after validating your mobile number successfully.
- Step 5: Fill in your contact information (name, phone number, email address etc).
- Step 6: Accept the Terms & Conditions to apply for credit pass.
- Step 7: Pay a one-time subscription fee of Rs 99 to activate your Credit Pass.
- Step 8: Once the payment is confirmed, you can access your Credit Health Report and other benefits.
Why is the Bajaj Finserv Credit Pass Important?
The Bajaj Finserv Credit Pass is essential because it gives you a comprehensive view of your credit history. It helps in explaining how financial behavior impacts your score and offers tools to improve it. A good CIBIL score is necessary to obtain loans or cards with favorable terms and conditions. With a subscription to this online credit pass, you can track your financial health effortlessly while taking steps toward improving it.
Benefits of Bajaj Finserv Credit Pass
- Real-Time Credit Health Report: The Credit Health Report provides an extensive overview of your accounts and factors affecting your CIBIL score, such as repayment history and inquiries. This data is essential in determining your eligibility for loans or credit cards.
- Access to Interactive Tools: With the Bajaj Finserv Credit Pass, you can access tools such as credit score Simulator that will help you understand how taking out a loan or credit card will affect your CIBIL score. Furthermore, you can use the EMI Calculator to plan monthly loan EMIs before applying.
- Latest Offers: By subscribing to the Bajaj Finserv Credit Pass, you’ll receive personalized offers on credit cards and loans from Bajaj Finserv with advantageous payback terms.
- Easy Application Process: Applying for a Bajaj Finserv Credit Pass is an easy online process that can be completed in just a few steps, making it convenient for customers to subscribe and access their Credit Health Reports.
Conclusion
Bajaj Finserv has launched India’s first-ever online Credit Pass, a subscription service providing real-time access to customers’ Credit Health Reports. With this offering, customers can monitor their CIBIL score, comprehend their financial health and take steps towards improving it. With interactive tools, personalized offers on loans and credit cards and an easy dashboard for tracking credit health. The launch of Bajaj Finserv Credit Pass marks an important milestone towards giving Indian consumers more control over their finances so they can make informed decisions about their creditworthiness. Overall, Bajaj Finserv Credit Pass offers customers a suite of features to monitor and improve their credit health, access personalized offers, and make informed decisions about their financial future.