Want Car Loan ? Have Good Credit Score – Bankers Relying on CIBIL Report

Auto Loans in India are on rise in the past 3 years and the demand is especially coming from smaller cities. After the 2008 Crisis, Banks have tightened their lending norms towards unsecured loans – Credit Cards & Personal Loans and even for Auto Loans they are increasingly relying on Credit Reports ans Scores from […]

Regulatory Support for CIBIL / Experian and How CIBIL Helped Shape Retail Assets of Banks ?

One should not hesitate to extend credit when it is due, yes we are talking about the Government of India and RBI which needs to be given its due share of credit who were instrumental in pushing banks to give more data to CIBIL and keep cleaning the data time and again. The Credit Information […]

How is CIBIL Transuinion Credit Score Calculated for Indian Consumers ?

CIBIL is the Largest Credit Bureau in India as on date. In association with Transunion, they’ve been providing CIBIL Transunion Scores to consumers directly since Q2, 2012. Since 2008-09, CIBIL Scores were provided only to financial institutions to help evaluate the consumer. Many of you asked us – How CIBIL Score is Calculated and the […]

What is CIBIL Transunion Score ? Explained

Over the past few years, CIBIL has substantially increased its member base as well as borrower base. The members are banks, NBFCs and housing finance companies who provide borrower data to CIBIL. CIBIL now has 800 members with a database of 135m borrowers and 230 individual consumer loan accounts [20% of Indian Population] We’d like […]

What Type of Data Repositories CIBIL Collects? Ranging from Individual to Frauds

CIBIL Transunion is the leading Credit Bureau of India with with the largest number of credit information records. RBI the Indian Financial System regulator has mandated every Financial Institution including Banks in India to submit Lending Data to atleast one Credit Bureau / Information company. Over 800 FIs upload data about Borrowers on a monthly […]