A good credit score is crucial for successful financial planning, as it plays a significant role in determining your eligibility for loans and credit cards. Bajaj Finserv offers a free CIBIL score check, allowing you to monitor your financial health without incurring costs. 

Role of CIBIL Score in Financial Planning

Your CIBIL score is a three-digit number that reflects your creditworthiness based on your credit history. Lenders use this score to assess your risk level as a borrower, influencing their decisions on approving or rejecting your loan or credit card applications. A high CIBIL score indicates better credit behaviour and increases your chances of securing loans and credit cards at favourable terms.

Benefits of a Free CIBIL Score Check in Financial Planning

1. Awareness of Financial Health: A free CIBIL score check allows you to stay informed about your financial health and make informed decisions when borrowing or spending.
2. Improve Creditworthiness: With a free CIBIL score check, you can identify the factors affecting your credit score and take proactive steps to improve it, such as timely bill payments and reducing credit utilization.
3. Identify Errors in Credit Report: Regularly performing a free CIBIL score check enables you to spot any discrepancies or errors in your credit report, allowing you to take prompt action to rectify them.
4. Monitor Identity Theft: A free CIBIL score check can help you identify any unusual activities that may indicate identity theft. By regularly monitoring your credit score, you can report and resolve such issues early.

How to Perform a Free CIBIL Score Check with Bajaj Finserv

Here are the steps to check your CIBIL score online for free with Bajaj Finserv:

• Visit the Bajaj Finserv website at https://www.bajajfinserv.in/check-free-cibil-score.
• Search the “Check Your CIBIL Score” section on the website.
• Click on the “Check Score” link to begin the process.
• Enter your mobile number for login purposes. You will receive a One Time Password (OTP) on your mobile number.
• Enter the OTP you received on the next screen and click the “Submit” button.
• Fill out the online form by providing your name, date of birth, PAN card number, and other required details for CIBIL score online checking.
• Accept the terms and conditions.
• Click on the “Submit” button to complete the process.
• Your CIBIL score and report will be displayed on the screen.

Conclusion

A free CIBIL score check is crucial for effective financial planning. Bajaj Finserv makes it easy to monitor your credit score without any costs. Regularly checking your CIBIL score with Bajaj Finserv Credit Pass allows you to identify areas of improvement and take necessary steps to enhance your creditworthiness.