List of Credit Bureaus in India

The list of Credit Bureaus in India registered under RBI are as follows:

CIBIL

CIBIL is probably one of the most popular credit bureaus in India and is associated with a large number of NBFCs and Banks. If you apply for a loan or Credit Cards in India, CIBIL comes handy in asserting your creditworthiness.

Experian

The Experian credit information report helps in determining the individual’s credit history. Companies can acquire a customer acquisition report, collection and money recovery report, customer targeting and engagement report, and data and analytics report too.

CRISIL

This is a global analytical company that rates companies, conducts detailed market research and provides policy and risk advisory services. The company has expanded its breadth of operation to many countries abroad apart from India.

Equifax

Equifax granted a fully functional license in 2010 and scores individuals from 1 to 999, with 999 being the highest. As a consumer, you can acquire a credit information report, Equifax risk score, and Equifax portfolio score.

ICRA

The ICRA agency is also responsible for grading and providing the ranking to mutual funds, corporate governance ratings, and performance ratings to real estate companies and hospitals.

CRIF High Mark

Banks that issue Credit Cards are also covered by CRIF High Mark to evaluate their current position in the market. CRIF also provides geo-analytics consulting, credit reports, portfolio management, etc.

Consumer CIBIL Report vs Commercial CIBIL Report

Consumer CIBIL Report:

The Consumer CIBIL report provides extensive data on the credit histories of the potential and existing borrowers. This report provides insights into a consumer’s borrowings across various lending institutions, helping the lenders to identify risk areas and disburse loan amounts quickly and efficiently.

Commercial CIBIL Report:

The Commercial CIBIL report provides the lender with a complete credit information of the commercial borrowers. This report helps in determining the eligibility of the commercial business for a credit. The report contains all the data of the business wealth, ranging from rich credit data sets based on business.

Key terms that feature on your report

SF/WD/WO/SETTLED Credit Accounts that are Suit Filed/Wilful Default/Written Off/Settled Closed Credit accounts that have 'Date Closed' populated ACTIVE** Credit accounts which are not closed DPD Days Past Due. Number of days that have elapsed from the agreed payment due date of EMI DPD ‘0’ The number '0' in the circle indicates that the Payment is made as agreed and the credit account is up to date DPD>0 The number in the circle indicates the "Days Past Due" reported by the respective lender In case the below mentioned alphabets are shown in the DPD table, it means the lender is reporting Asset Classification and indicates the following: STD: Standard As per RBI guidelines, an account which is overdue for less than 90 days is considered as a Standard asset SUB: Substandard According to RBI guidelines, an account which is overdue by 90 days for a period of less than or equal to 12 months is classified as Substandard asset SMA: Special Mention These accounts are “Standard” asset but are monitored closely by the lending organisation due to some discrepancy DBT: Doubtful As per RBI guidelines, an account which is overdue by 90 days for more than 12 months is categorized as doubtful asset LSS: Loss According to RBI guidelines, an account where loss has been identified but the amount has not been written off -wholly or partially, is categorized as Loss asset

How to Download CIBIL Report?

You can download your CIBIL report by following the steps given below:

Step 1: Visit https://www.CIBIL.com/freeCIBILscore.

Step 2: Click on ‘Get Yours Now’.

Step 3: Fill in your personal information like your name, date of birth, contact number, select the ID type and ID number, etc. and create your own username and password.

Step 4: An OTP is sent to you to verify your identity or additional details may be asked to confirm your identity.

Step 5: Once your identification is verified, you can check your CIBIL score and download the CIBIL report.

Components of CIBIL Report

A CIBIL report or a Credit Information Report (CIR) is used to derive the CIBIL score. The key components of CIBIL report are given below:

CIBIL Score:

The CIBIL report reflects an individual's credit history which is used to calculate the CIBIL score. The CIBIL score ranges between 300-900.

Personal Information:

The CIBIL report contains personal information such as your name, gender, date of birth and identification numbers like passport number, PAN and voter’s number.

Contact Information:

This section contains your contact numbers and addresses. Maximum 4 addresses can be mentioned.

Account Information:

This section contains details of your credit facilities like name of lenders, kind of credit facilities (overdraft, personal, home, etc.), account numbers, loan amount, month on month record of your payments, etc. are there in this section.

Enquiry Information:

When you apply for a loan or credit card, the respective financial institution or bank accesses your CIBIL report. These enquiries are listed in the report and contain the vendor’s name, amount of credit applied, date of application of credit and credit type.

Financial Health Credit Report (FHCR) Advantages

Financial well-being involves implementing prudent strategies for managing your money. Finserv MARKETS’ Financial Health Check Report was developed as part of our mission to educate and create financial awareness among our valued customers. It is intended to highlight your credit profile and the positive steps required to achieve your financial goals.

Finserv MARKETS Financial Health Check Report gets your CIBIL score and shows your performance across factors such as repayment history, the length of credit history, credit utilization and the type of credit you have taken. You will also find personalised advice regarding improving your credit standing in order to get better offers from banks and lending institutions.

We believe that protecting your financial stability and continuity is as important as fulfilling your investment and aspirational objectives. Therefore, in this report, we have also included our recommendations to find a balance between precaution and ambition based on your individual profile.

Being educated about your credit health and savings potential helps you in taking prudent decisions towards maintaining your financial well-being. We are sure that you will find this report informative and that it will lead you to the road ‘wealth’ travelled.