CIBIL – Frequently Asked Questions

You can request for your CIBIL report by visiting www.cibil.com. You will need to enter personal information such as name, PAN card number, date of birth, gender, contact details. Clear up the identity verification process, and make a fee payment in order to fetch your CIBIL score/report.

The inability to authenticate yourself may be a hindrance to fetch a CIBIL score / report. No worries! the reason you are unable to get the CIBIL score is shared with your registered email Id.

To get a Free CIBIL Score and Report from CIBIL, just follow the below mentioned process:

  • Create an Account

Create your own user name and password. Enter your name, email ID and mobile number.

  • Enter Personal Details

Share your basic details like DOB, Residential address, identity proof such as PAN card number and Aadhar number. (Make sure you enter these details as per the ID proof)

  • Authentication

To verify your identity, CIBIL will send OTP or may ask more details to confirm whether it’s you or not. (For faster authentication, keep all account loans details to enter)

  • Fetch Report

After successful authentication, you can fetch your CIBIL score and Report from CIBIL.

A 'No-Hit' or No History on your CIBIL score simply means that you don't have a credit history on your credit bureau. This happens when you've never taken a loan from a bank or used a credit card before.

In general, CIBIL score/report is fetched from the official CIBIL website at a cost of INR 550.

A good credit score is usually considered to be 750 or more. If your credit or CIBIL score is within this range, you can apply for loans and credit cards.

If your online authentication is not successful, you need to contact CIBIL Customer Support to complete your identity verification. You will be able to access your account as soon as you have completed the verification process.

You will have access to personalized loan and credit card offers based on your CIBIL score. You may also raise disputes online if you identify any discrepancies or inaccuracies that are reflected in your CIBIL report.

Errors in your credit report can vary from incorrect personal information to wrong credit accounts. You must correct these inaccuracies in your credit report at the earliest in order to avoid further problems.

To raise a dispute regarding inaccuracies in your CIBIL report, just follow the below mentioned online dispute process.

  • Fill the form

You can raise an online dispute with the credit bureau to dispute errors and inaccuracies. Visit the dispute resolution section and fill the form to correct the error. Note that you need to submit the nine-digit number provided on your credit report which contains the disputed details.

  • Process

Once you submit your online complaint form, the credit bureau will verify the dispute by approaching the concerned bank. Kindly, note that credit bureaus cannot make changes in the credit report on their own.

  • Dispute resolving period

Generally, it takes around 30 days to resolve your dispute. As per laws, banks have to come up with a formal resolution for a dispute within 45 days of the dispute being raised. You will be notified about the result once it is resolved, through an email.

 

Here are some common status flags that can occur on an individual's credit report and what they mean:
Closed:

If you notice a date adjacent to the 'Closed' field in your account section, this means that the loan account has been closed by the lender. In other terms, you have paid off your loan in full and the bank has reported this account to CIBIL as "Closed."

Settled:

If you have partially paid the dues and settled a loan or credit card, then the status will be reflected on your credit report as "Settled."

Written off:

If you are unable to make payments against the outstanding balance of the loan / credit card for more than 180 days, then the lender is required to "write off" the balance in question. The lender then proceeds to report this as "Written off" to your CIBIL report.

To fetch CIBIL score/report, you need to mention the following credentials.

  • Personal details (Your First Name & Last Name should be as per your PAN Card)
  • Valid PAN
  • Gender
  • Date of Birth
  • Contact details (A valid Email Id and Mobile Number that you use for all your credit related activities)
  • Current Residential address

TransUnion CIBIL authenticates your credentials by asking questions related to your credit activities. This process is followed to prevent any unauthorized access to an individual account and to help create a secure network.

In general, the minimum credit score to get a loan varies from one loan to another. Indeed, if you have a credit score of 750 or higher, most of the loans are within your reach.

To enhance your credit score, you can start with taking simple steps, such as paying credit card bills and paying home loans on time. Also, if you have a zero credit history, you can apply for either of these to build your score. Furthermore, you can consult us to get more insights on how to improve your CIBIL score.

The minimum credit or CIBIL score needed to get credit card is 750. However, the score is different depending on the card you applied for and also on the creditor.

CIBIL will obtain a monthly report from its member banks and financial institutions. The details of the customer's credit activity are sent to the credit bureau to check the payment history on the basis of which the report and the score are generated.

Yes, the banks will check your credit score and report back. Whenever you apply for a credit loan or a credit card, banks review your credit history to know your creditworthiness and determine whether you are eligible for loan approval or not.

Yes, credit score inquiries may affect your CIBIL score, but only in the case of hard query.

Checking your score won’t create any negative repercussions. Your score is only affected if you apply for credit, i.e. a hard inquiry. There are no restrictions on how often you can check your own credit.

Whenever you request for your own credit report and credit score, it is considered to be a soft query.

Yes, you can totally improve your CIBIL score without buying any bank loan. The CIBIL score depends on one and the only thing is your repayment history.

Credit agencies send details to CIBIL every 30-45 days, and if you review your score or record within those 45 days of the closing / payment of your accounts, it may not be reflected in the CIBIL reports. In addition, in the event of any inaccuracies, mistakes or disputes, CIBIL will contact the credit institutions and will update the CIBIL score within 30 days on the basis of the information received from them.

No, there will be no impact of the closing of your bank account on the CIBIL score. The CIBIL score solely depends on your credit history, and any sort of bank account (savings / current) does not include information about your credit history or debt management.

If the Credit Score is high, the chances of the loan application getting approved are high and the interest rates on repayments are low whereas the Credit Score is low, the chances of the loan application getting approved are low and the interest rates on repayments are high.

Yes, it does. Whenever you apply for a credit card, the inquiry will be noted on your credit reports, and it will reduce your score by at least a few points.

No, there are total four credit bureaus in the country which provide a credit score. Apart from CIBIL, there are three other credit information bureaus that issue credit reports and credit scores in India – Equifax Credit Information Services Pvt. Ltd. , HighMark and Experian Credit Information Company of India Pvt. Ltd. Credit reports and scores issued from all these three bureaus are equally valid.

First, you need to get your credit report and check it out. If you've found the error, you can take it with the creditors who reported it to the credit bureaus. You may also visit the official website of the credit bureaus and make an online dispute settlement procedure to clear up the incorrect details. You will get a response from the bureau within a month of the dispute. The bureau will get in touch with the creditor and re-confirm the information and update the changes.

A Control number is a nine-digit number that lets CIBIL track your report. It is generated when the banks access your credit report. It's listed on the top right side of your CIBIL report. This is a reference number for CIBIL to find your credit report and should be mentioned in every communication with CIBIL.