Fintech advancements have made many financial instruments quicker and easier to access. One particularly noteworthy provision is digital tools that now allow you to monitor your credit profile with ease. In the past, this information was only accessible when applying for credit, which is far from ideal. This also meant that you couldn’t check your credit score frequently.


Thankfully, checking CIBIL score information is much easier today. You can do so right from the comfort of home, and this offers greater control over your finances. 


What’s more, the process is relatively simple too. You can do a CIBIL score check by PAN card, wherein you only need to submit your PAN number and other basic information. In fact, you can enjoy this benefit if you are checking CIBIL score for free on Bajaj Finserv. 


For a detailed guide on how to check your CIBIL score online, read on. 


Steps to check your CIBIL report and score on Bajaj Finserv


To check your CIBIL score on Bajaj Finserv, you only need to complete 3 steps:


Step 1: Enter your personal information as per official ID proofs



  • Full name

  • Mobile number

  • PAN 

  • Date of birth

  • Net monthly income

  • PIN code

  • City

  • Email ID


Step 2: Submit the online form and enter the OTP sent to you


Step 3: Access your CIBIL report and view your CIBIL score


 


Alternatively, you can also use the official CIBIL website to check your score. Do note that checking your score on the official CIBIL website more than once a year will attract a fee. 


Steps to check your credit score on the CIBIL website


Checking CIBIL score information on the official website is easy, but it may take longer to complete. Here are the steps to follow



  • Step 1: Visit the official website

  • Step 2: Click on ‘Help Center’ and then click on ‘Free CIBIL Score and Report’

  • Step 3: Select the ‘Get Your Free CIBIL Score and Report’ button

  • Step 4: Fill out the form with the requested information 


    • Name 

    • Email address

    • Password

    • Mobile number

    • ID type & ID number

    • DOB

    • PIN Code


  • Step 5: Verify that all the information is accurate and then select ‘Accept and Continue’

  • Step 6: Pick a subscription plan or click on ‘No Thanks’

  • Step 7: Check for the message, “You have successfully enrolled!” 

  • Step 8: Click on the ‘Go To Dashboard’ option

  • Step 9: Click on the ‘x’ window on the optional form requesting your income, city and employment details. You may complete this form if you wish to get customised offers. 

  • Step 10: View your score


Both these ways of checking CIBIL score information can work well, but you should pick the easiest for you. There are other third-party services that can help you initiate a CIBIL score check by PAN card or other relevant financial documents. So, whichever option you end up choosing, ensure to have these documents handy for a hassle-free experience. Note that there may be some variance in your score when checking the CIBIL score via third-party service providers. Not all apps and online services are credible, which is why your best option is to stick with reputed financial institutions and agencies. 


Regardless of the service you use, checking CIBIL score and related credit information shouldn’t be overlooked. It is important to maintain healthy finances and a strong credit profile. In fact, there are several benefits to checking your CIBIL score and here are a few pointers to help you understand these better. 


Helps you catch and address discrepancies in your report 


It isn’t uncommon to find discrepancies in your credit profile. These commonly occur due to errors made by lenders when sending updates to credit agencies. In any case, it is your responsibility to get inaccurate information rectified because it can negatively affect your score. Checking your CIBIL score and report often helps you catch such errors and get them addressed at the earliest. 


Allows you to negotiate for loans confidently


It is very important to check your credit score before applying for credit or a loan. Doing so gives you an idea of your credit standing and creditworthiness. Knowing that you comfortably meet the minimum requirements set by the lender helps you negotiate for a better deal confidently. You are better positioned to convince the lender to offer better terms as you are well informed about your finances. 


Minimizes the number of hard inquiries 


By checking your CIBIL score before you apply, you can know if you meet the lender’s requirement for a loan. This eliminates the need for unnecessary hard inquiries, especially if you have a low score. 


Maintaining a healthy credit profile is very important, and with Bajaj Finserv, you can keep tabs on your score at any time. Build these good financial habits early, and you can certainly have a CIBIL score that helps you secure the best deals in the market.


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