Checking Your CIBIL Score Through Bajaj Finserv: Step-by-Step Guide

Today, for financial health and access to credit, an individual must have a good credit score. The CIBIL score, which is also known as Credit Information Bureau (India) Limited score, is a three-digit numeric summary of your credit history. Naturally, when talking about personal finance, it becomes important to learn how to check one’s CIBIL score. Thus, Bajaj Finserv provides a hassle-free method to check CIBIL score. Follow this step-by-step guide on how to check your CIBIL score through Bajaj Finserv efficiently.

What is a CIBIL Score?

The process is preceded by a little relevant discussion about what CIBIL score means. The CIBIL score lies between 300 and 900 and is determined based on certain criteria: credit history, credit limit utilization, repayment pattern, etc. A higher score means that the individual is more creditworthy than others and so would be a preferred candidate for loans and credit cards.

Why Checking Your CIBIL Score is Important

Get check your CIBIL score regularly through all of Bajaj Finserv’s platforms so that you can stay updated about your credit status and take corrective measures whenever necessary. The following are some reaons why you should check your CIBIL score:

1. Loan approvals- Most lenders owe that favour to those with above average CIBIL scores.
2. Credit card approvals- With high scores, things become much easier when applying for a credit card.
3. Better interest rates- Good scores entitle much better interest on loans.
4. Self-awareness: Knowing your score gives better control of personal finances.
5. Help in error detection- It can help in spotting those hidden errors that might be found in the credit report.

How to Check Your CIBIL Score Through Bajaj Finserv: Step-by-Step Guide

Checking your CIBIL score via Bajaj Finserv is very easy and much straightforward. Go through the steps below, and voila, you will acquire the access to your score in just a few minutes:

Step 1: Visit the Bajaj Finserv Website 

Open your preferred web browser and go to the Bajaj Finserv website. The online platform is user friendly-built consumer navigation is fairly easy. 

Step 2: Navigate to Credit Score option 

You will see many options available on the homepage. Search for the option, which says, ‘Check your CIBIL score’ or ‘Get Your Free Credit Score’ and Click on it.

Step 3: Completing Form With Personal Information 

You will be required to fill in a form with your personal details. For example, some of the details include your name, date of birth, gender and possibly your PAN card number. Ensure that the details you provide match your official records to get an accurate CIBIL score.

Also Read: http://viprow.us.com/

Step 4: Contact Information 

The next step will require you to provide your Contact Details. Enter mobile number and email id. An OTP (One Time Password) will be sent to your mobile number for verification. Enter that OTP correctly to proceed.

Step 5: Provide Employment Information

To assess your creditworthiness, employment details will be required of you. Employment type, name of your employer, and monthly income are to be provided. These details help more accurately determine your credit score’s consideration.

Step 6: Agree to Terms and Conditions

Before you check your CIBIL score with Bajaj Finserv, you must first agree to the terms and conditions. Read through the terms to clarify what you are agreeing to, thereafter, tick the checkbox confirming your agreement.

Step 7: Get Your CIBIL Score and Report

After all details have been correctly filled in, you may go ahead and click the ‘Submit’ or ‘Get Your Credit Score’ button, after which Bajaj Finserv will pull your CIBIL score based on the provided information and create a CIBIL report. Depending on server response time and data validation processes, it takes a few seconds to a few minutes. 

Read More: Invest1Now.com

Step 8: Inspect Your CIBIL Report

After checking your CIBIL score, it is important to inspect the full report. The CIBIL report gives in detail all about your credit history, including:

– Outstanding balances on loans

– Credit card usage

– Payment history

– Loan accounts, be they opened or closed

– Defaults and/or settlements

You should review the report carefully in order to appreciate the factors influencing your score. This will help you identify the areas that need your improvement.

What to Do If You Find an Error

Mistakes in your CIBIL report can greatly ruin your score. Therefore, do not delay taking corrective measures upon finding discrepancies. Usually, you can file a complaint through the CIBIL website or have Bajaj Finserv customer support guide you on how to have the correction made.

Read More: Titaniuminvest.com

How Often Should You Check Your CIBIL Score

You can check your CIBIL score from time to time, that is to say, at least once or twice in a year. This is necessarily because regular checking helps in retracing:

– The financial implication it has on you.

– Unauthorized transactions or errors.

– It keeps your credit score high at the time of taking loans or applying for credit cards.

Advantages of Applying for Bajaj Finserv for Checking CIBIL Score

Not only this, but Bajaj Finserv provides you with additional benefits while checking your CIBIL score:

1. User-friendly: The website provides a hassle-free experience.
2. Fast and Reliable: It fetches credit scores very quickly with accuracy.
3. Extensive Report: It provides a detailed credit report for better insights.
4. Safety and Security: All personal information is completely safe.
5. Support Services: Wonderful customer support assists understanding of the report and correcting issues.

Conclusion

CIBIL scores are very important when assessing your creditworthiness. Checking your CIBIL score through Bajaj Finserv regularly will help you stay ahead of the curve. With the help of the above-mentioned step-by-step guide, you not only ensure that you know your score, but you also get to appreciate what exactly impacts it. That knowledge in turn gives you the power to effect actions to better your score; hence you will be a more attractive applicant for loans and credit cards in the future.

Author Bio:

This is Aryan, I am a professional SEO Expert & Write for us tech blog and submit a guest post on different platforms- Technooweb provides a good opportunity for content writers to submit guest posts on our website. We frequently highlight and tend to showcase guests.