How to read Your CIBIL Score and Report:

Your CIBIL is a is a record of your credit payment history complied from information received from banks and financial institutions.The purpose is to help loan providers make informed lending decisions on basis of your credit history,quickly and objectively. A healthy credit report can get your loan approved faster and often, at better terms.

1. Credit Score/ Number Mentioned:

This Section reflects your credit score, which is widely used by loan providers to evaluate loan applications. An individual's CIBIL Score ranges between 300-900 and is calculated on the basis of the information in the "Accounts" and "Enquiry" section of the credit report. The closer the score to 900, the more confidence the loan provider will have in your ability to repay the loan and hence, the better chances of your application getting approved.

Please note in some cases you might be displayed a CIBIL Score of either “NA” or “NH” which indicates one of the following 3 things:

1. You do not have a credit history or you do not have enough credit history to be scored, i.e. you are new to the credit system.
2. You have no credit activity in the last couple of years.
3. You have all add-on credit cards and have no credit exposure.

2. Personal Information:

This section contains your personal details like Name, Date of Birth and Gender as reported to CIBIL by various members. Identification type section contains details like your Income Tax ID (PAN), Passport Number, Driver’s License and Voter ID information reported by lenders.

3. Contact Information:

Your addresses, telephone, mobile numbers and email addresses as reported by lenders appear here. The address category also explains whether the address is a residential address, official address, permanent or temporary address. Up to 4 addresses and email addresses are provided in this section.

4. Employment Information:

This section provides information on your occupation and income (at the time of opening a credit facility) as reported by the lender for a particular credit account.

5. Account Information:

The most important segment of your CIBIL Report, it contains details of all your loan and credit card accounts. It displays the name of the lender/s, the type of credit facilities (home loan, auto loan, credit card etc.), the account number/s, whether single or jointly held, when each account was opened, date of the last payment, loan amount, current balance, amount overdue (if any) and most importantly, a month on month record of up to 36 months of your payments. A red box above the Account Details indicates that the section is under dispute will be removed when the dispute is closed. However, upon closure, the disputed information may or may not be changed as per confirmation received from the lender.

6. Enquiry Information:

This Section provides details of all the enquiries made by the lender for your various credit applications and includes name of the lender, date of application, the type of loan and its size.

Understanding Online CIBIL: myCIBIL

HOME

myCIBIL is an online platform that gives you access to all CIBIL services such as purchasing and/or renewing your subscription, the ability to dispute inaccuracies in your credit report and getting pre-approved loan and credit card offers based on your CIBIL Score.

CIBIL Score

This section reflects your 3 digit credit score, which is widely used by lenders to evaluate your loan applications. CIBIL Score ranges from 300-900, and is derived by using details found in the ‘Accounts’ and ‘Enquiries’ sections of your CIBIL Report. The closer your score is to 900, the more confidence lenders will have in your credit repayment ability, leading to higher chances of loan approvals.

Where You Stand

This section illustrates, in the form of 5 different bands, where you stand on the basis of your CIBIL Score when compared to other consumers who also have a CIBIL Score. For example, if your score is 830, you are amongst the 19% of consumer who have a CIBIL Score in the range of 825 to 900.

Personalized Loan Offers

This section provides a range of pre-approved loan and credit card offers, based on your CIBIL Score. You can compare offers made by different lenders and apply for a loan that best suits your needs.

Refresh Center

This segment gives you the opportunity to refresh your report once on a daily basis until your subscription period gets exhausted. It also depicts the latest status of your CIBIL Score and Report indicating the time until its next renewal.

CREDIT REPORT

This section reflects your CIBIL report details which are organized under 5 sub-sections i.e. Personal Information, Contact Information, Employment Information, Account Information & Enquiry Information as they appear in your CIBIL Report.

Dispute Center

 This section gives you the ability to dispute inaccuracies, account ownership and duplication of information that reflect in your CIBIL Report.

CREDIT EDUCATION

This section provides you with different informative articles related to your CIBIL Score and Report. From how to improve your CIBIL Score, its important role in the Loan Approval Process, to myths and facts around your credit score and report, it contains relevant articles that will help you take informed credit decisions.

MY ACCOUNT

My Account section gives you the ability to update or reset your password settings.

FAQs

Frequently Asked Questions gives you answers to your most common queries helping you understand and navigate the platform easily.