Monday, May 20, 2019
Saturday, April 6, 2019
Check your CIBIL Score
Banks check your CIBIL Score before approving your loan.*
CIBIL Score
Unlimited access to your CIBIL Score,Score History & Score Analysis.
Credit Report
Unlimited access to your CIBIL Report & Credit Summary.
Loan Offers
Customized loan offers tailored to your needs.
Credit Disputes
File disputes on incorrect data online quickly and easily.Wednesday, November 2, 2016
Apply for Company Credit Report from TransUnion CIBIL Limited (Formerly: Credit Information Bureau (India) Limited). (CIBIL)
A CIBIL Company Credit Report is a record of your company's credit history.
This report is created from data submitted to CIBIL by lending institutions across India.
This report is created from data submitted to CIBIL by lending institutions across India.
It is important to understand while the Company Credit Report is not a credit rating it is heavily
relied on by loan providers to evaluate and approve loan applications.
The past borrowing behavior of a company is a strong indication of its future behavior.
relied on by loan providers to evaluate and approve loan applications.
The past borrowing behavior of a company is a strong indication of its future behavior.
Company Credit Report plays a critical role in the loan approval process.
This report is used by the lender to make informed lending decisions - quickly and objectively.
You can also use the Company Credit Report to negotiate better credit terms while doing
business by providing this report potential business partners as confirmation of your
company's financial strength.
This report is used by the lender to make informed lending decisions - quickly and objectively.
You can also use the Company Credit Report to negotiate better credit terms while doing
business by providing this report potential business partners as confirmation of your
company's financial strength.
HOW TO GET YOUR COMPANY CREDIT REPORT (CCR)?
Complete Form Below
Payment - 3000/-Via Credit Card / Debit Card / Cash Card / Net Banking
Registration IDYou will be mailed a unique CIBIL Registration ID & Transaction ID on your email id upon successful completion of your payment transaction.
UploadPost payment, upload your KYC documents
DeliveredCCR delivered
Sunday, December 20, 2015
Loan Evaluation Process
Taking a loan can be a complicated process for most people. The illustration below indicates what to expect at every step during the loan evaluation process. It helps understand how the credit decisioning works in banks and the steps they take before deciding to accept or reject a loan/ credit card.
750 IS GENERALLY CONSIDERED A GOOD SCORE
79% of the loans or credit card disbursed are to individuals with a CIBIL TransUnion Score greater than 750.
79% of the loans or credit card disbursed are to individuals with a CIBIL TransUnion Score greater than 750.
WHAT DO THE BANKS BROADLY CHECK FOR?
- Suit filed or written off cases reported in the Credit Information Report [CIR]. This is indicated in the 'Account Status' section of your CIR
- Payment history trend - if there has been any default or amount overdue. This is indicated in the 'Days Past Due' [DPD] field of your CIR
- Company profile where you work - the banks generally have an approved list to whom they extend loan / credit card.
- EMI to Income ratio : if your current total EMI exceeds your monthly salary by more than 50% then chances of getting loan are reduced. Let's take the help of an example to understand this further.
DETERMINATION OF ELIGIBILITY
Case 1 *
- Income : 50,000
- Total EMI's being paid : 10,000
- EMI to Income Ration : 20% [10,000 / 50,000]
- Rule of thumb EMI to Income Ratio: 50% [lenders assume you will need half salary for living expenses].
- Total Borrowing Capacity : 50% *
50,000 = 25,000 - Total Incremental EMI that individual can afford :
25,000 - 10,000 = 15,000 - Basis this EMI, total additional loan that may be sactioned at an interest rate of 10% over 20 years = 15,00,000
LOAN APPLICATION IS LIKELY TO GET APPROVED
Case 2 *
- Income : 1,00,000
- Total EMI's being paid : 50,000
- EMI to Income Ration : 50% [50,000 / 1,00,000]
- Rule of thumb EMI to Income Ratio: 50%
- Total Borrowing Capacity : 50% *
1,00,000 = 50,000 - Total Incremental EMI that individual can afford :
50,000 - 50,000 = 0 - Basis this EMI, total additional loan that may be sactioned at an interest rate of 10% over 20 years = 0
LOAN APPLICATION IS LIKELY TO GET REJECTED
What is CIBIL Xpress Acquire?
Xpress Acquire is an online platform that enables you to choose from multiple offers across products and from across participating lenders all in a single view. What is unique about the CIBIL Xpress Acquire is that the offers are customized basis your CIBIL TransUnion Score, income and other parameters. These offers are best fit as per your eligibility from across the participating lenders.
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