CIBIL – All About Credit Information Bureau (India) Limited

CIBIL 

CIBIL stands for Credit Information Bureau (India) Limited and it is an ISO 27001:2005 company. CIBIL is the India’s premier Credit Information Company (CIC) which was founded in the year of 2000. This bureau has established itself as a key participant of the Indian financial system. This company was settled by the Reserve Bank of India to provide records of credit related information of individuals. TransUnion International Inc. and Dun and Bradstreet are the partners of this bureau.

CIBIL

This company is working with the two major segments i.e. viz. the Consumer Bureau and the Commercial Bureau. Both segments have their own work like Consumer Bureau maintains credit records of individuals while the Commercial Bureau maintains credit records of institutions/companies. CIBIL issues CIBIL Report and Credit Score to the Bank or other registered financial Institutions in order to make them aware from the actual position of the borrowers. To acknowledge All about Credit Information Bureau (India) limited, you need to scroll down this page as soon as possible!!

All about Credit Information Bureau India Limited 

Credit Information Bureau (India) Limited provides some factors that can affect CIBIL Score and need to be determined by the individuals, institutions and lenders. Credit Score is utilized by the lenders to ascertain the actual position of the appliers for loan or credit. CIBIL and two more bureaus arrange individuals or company’s credit history for generating Credit Information Report (CIR) from which is derived a credit score known as the CIBIL TransUnion Score.

Good CIBIL Score and CIBIL Report is an approval process of loans and credit by the lenders. Individuals having Credit score of 750 or higher is considered good.  As a consequence of rules, Credit scores range must be in between 300 and 900. The higher the score, the more creditworthy the borrower is, which translates to quick approvals and better interest rates.

Why CIBIL Score is Important?

Individuals must have knowledge of Importance of CIBIL Score before going to apply for any type of loan or credit cards. Credit Score is approval for the loan as it helps Bank and other recognized financial institutions to ascertain the creditworthiness of the appliers. You can major your eligibility for home loan or other loans with the help of Home Loan Eligibility Calculator.

Which Facilities are provided by CIBIL?

Individuals can concede the way to Improve CIBIL Score, monitor your credit rating or Credit Score, apply for a loan and other by going through the Official website of Credit Information Bureau (India) Limited or scroll down this page for more details also!!

  • It helps you to monitor your Credit Rating or CIBIL Score.
  • Customized pre-approved loan and credit card offers at competitive prices.
  • It provides way to correct CIBIL Report and you can get free credit report when financial institution accepts the change in the credit report.
  • Ability to share remarks with lenders on the data reported on your credit report.

Other Facilities:

Credit Information Bureau (India) limited offers you Self Service and in which you can accomplish the following works easily, so have a glance at once!!

If You Find You need to do
Not Disclosed Identify the lender and loan account number
Inaccuracy Submit a dispute
Filed a dispute Check if the account was updated
Verify your identity online Upload supporting documents
Submitted documents to verify your identity Get an update

Do you know about CIBIL Defaulter List?

CIBIL Defaulter List is the area which holds entire information related to lenders, borrowers, banks, and other financial institutions are Credit Information Bureau (India) Limited itself. Appliers for the loan or credit must know that their each and every step of financial journey is recorded in CIBIL Report. Any default in loan payments and credit card payments listed your name in CIBIL Defaulter List.  To collect more about it, please press above mentioned link!!!

CIBIL Shareholding Pattern

Credit Information Bureau (India) Limited is the leading Credit Information Company of India who enjoys considerable clout in the Indian credit system. How Credit Information Bureau (India) Limited becomes the prominent institution? you must have knowledge about it!!!

Credit Information Bureau (India) Limited has a diverse ownership structure which includes well-known banking and non-banking companies. Trans Union International Inc. is major shareholder with about 66% of the total share of this company. The remaining 34% is held by 8 other parties with stakes ranging between 1% to 6% each. To ascertain the decision process for better risk management, TransUnion deals in data analytics. For the acknowledgement of the shareholders of this company, please your cursor downwards on this page!!

CIBIL Shareholders

Trans Union International Inc. 66%
ICICI Bank Ltd. 6%
Bank of Baroda 5%
Bank of India 5%
Indian Overseas Bank 5%
Union Bank of India 5%
Aditya Birla Trustee Co. Pvt. Ltd. 4%
India Alternatives Pvt. Equity Fund 2.9%
India Infoline Finance Ltd. 1%

End Up!!

Let’s know more about Credit Information Bureau (India) Limited with the help of CIBIL FAQ’s by pressing this link. We hope individuals are persuaded with the presented details of Credit Information Bureau (India) Limited and now they know All About Credit Information Bureau (India) Limited.

You Should Put An Eye On This!!!

What is CIBIL Score? Who Issues Credit Rating Or Credit Score?
How To Check CIBIL Score How To Check CIBIL Score Using Pan Card
What Is ECN Control Number In CIBIL Report? CIBIL Score For HDFC Home Loan
KYC Documents For CIBIL CIBIL Score Required For SBI Home Loan

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