CIBIL Membership

How to Understand and Manage CIBIL Membership Fees

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CIBIL, or the Credit Information Bureau (India) Limited, is India’s leading credit information company. CIBIL provides credit reports and credit scores to help lenders evaluate the creditworthiness of individuals and businesses.

You can access your CIBIL Report and Score for free once annually via their official website. However, for consistent access, you need to pay a CIBIL Membership fee. CIBIL Membership fees vary based on the type of membership you select, and can be acquired at a subsidised cost with a CIBIL subscription discount code available from time to time for new members. 

Purchase Credit Pass

If the recurring costs of CIBIL Membership fees are out of your budget, there is a more affordable alternative you can explore in the Bajaj Finserv Credit Pass. This CIBIL-powered subscription service is available for as little as Rs. 59 and is the must-have credit monitoring and management solution for veterans and newcomers alike. 

Steps to Purchase Credit Pass

The online registration process is completely hassle-free and will barely take a couple of minutes of your time. Here’s how you can go about it:

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  • Visit the official Bajaj Finserv website and navigate to the dedicated Credit Pass web page
  • Locate the ‘SUBSCRIBE’ button on the top of the page and click on it
  • Enter your mobile phone number and use the one-time password received on it to complete the authentication process
  • Share some basic information about yourself, such as your name and PAN card Status number
  • You’ll be prompted to select between two available subscription plans as outlined below, depending on your requirements
Plan Standard Premium
Price Rs. 59 Rs. 99
Duration 6 months 12 months
Features Monthly score checks
Regular credit score monitoring
Credit health report
Personalised dashboard
Customised view for managing credit at a glance
– Credit Score Simulator
– EMI Calculator

Upon successfully completing payment for the plan of your choice and concluding registration, you’ll receive a unique 12-digit Credit Pass number. Use it to login and use your real-time credit dashboard, check your monthly CIBIL Score updates, and manage your credit health.

The Value of Credit Pass Membership

Your Credit Pass membership makes significant benefits available at wallet-friendly prices:

    • Credit Insight: Access your CIBIL Score and credit health report to understand your credit health. Identify issues early on and safeguard your creditworthiness with consistent monitoring.
  • Credit Eligibility: Lenders rely on your credit score to determine credit approval and terms. With consistent updates on your credit status and the factors that impact it, you’ll always be in the know about your credit eligibility and be proactive about improving it.
  • Fraud Monitoring: Review your credit health regularly to catch any inaccuracies, discrepancies, and suspicious activity. Promptly dispute them with the credit information company concerned to protect your credit reputation. 
  • Future Planning: Know your credit standing before applying for loans and credit, and also know the impact that it will have on your credit score and your month-on-month financial commitments. Make informed decisions that help you improve your credit standing and meet your aspirations. 

Overall, a Credit Pass membership helps you monitor your credit, safeguard your creditworthiness, and plan your finances wisely for a stable and resilient financial future. The pocket-friendly fee is just a small investment in your financial well-being.

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