Credit Health Report
Your Credit Health Report is a detailed account of your credit history. It gives insights to your credit score, behaviour and summary of all your loan accounts.
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Checking your credit health report frequently has no impact on your credit score.
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CIBIL Score does not take in account your savings or investment account information.
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Closing your old loan accounts will not increase your credit score.
Importance of your CIBIL Score
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Frequently Asked Questions
Generally, a CIBIL Score above 700 is considered a good CIBIL Score according to TransUnion CIBIL. With this score, you can qualify for credit offers from different banks and NBFCs. You can check your CIBIL Score anytime you want with the Credit Pass. Checking your score regularly has no impact on your score.
Your credit score is based on your credit history. You cannot improve your score instantly. However, actions like timely repayment of loans, proper credit utilization, checking CIBIL Health Report regularly to ensure that there are no errors can help improve your CIBIL Score over time.
Your CIBIL Score is a measure of your credit health. Lenders like banks and NBFCs check your credit score before approving you for any credit. Checking your CIBIL Score and report regularly can help you fix any errors and take necessary steps to improve your credit score for easy credit approval. With the Bajaj Finserv Credit Pass you can check your CIBIL Score whenever you want. You can also check your detailed credit report.
No bank or NBFC specifies the minimum CIBIL Score required to get a loan. However, most lenders would prefer you to have a CIBIL Score of at least 700 and above. A credit score is a measure of your credit health. A high score reflects your creditworthiness and increases your chances of getting your loan amount approved quickly.
