What is the CIBIL Report? 

A CIBIL report describes a person’s credit history based on credit market actions. Credit bureaus such as TransUnion CIBIL analyze their customers’ credit histories and assign them CIBIL score ranging from 300 to 900 based on their performance. 

TransUnion CIBIL was founded in August 2000 and plays an important role in India’s financial sector. It generates timely reports to assist individuals in understanding their credit repayment behavior, approving loans and credit cards. 

In this blog, learn how to read a CIBIL report and check your CIBIL score online. 

How to check your CIBIL score? 

There are different ways to read your CIBIL Report. Follow these steps to make the process easy 

CIBIL score: 

The CIBIL score is the most important to read in the report. It is a three-digit number expression issued by a lender to reflect a person’s creditworthiness throughout the loan application process. The three digit range is usually 300 to 900, but it sometimes shows NA or NH because of the following reasons: 

• No credit history. 
• No credit activity in the recent few years. 
• No credit exposure, and all new credit cards 

A CIBIL score between 750 to 900 can be considered as good score. Banks and Financial Institutions like Zap Money offer quick personal loans for people with good CIBIL scores. 

Personal Information: 

This section contains your personal information such as name, age, and gender. It also includes your identity information, such as your PAN, Aadhar number, and passport number. 

Contact section: 

The contact section have information like phone number, office information and house address etc. 

Employment information: 

This section contains information about the employee’s income and occupation to apply for new credit. 

Account Section: 

The account portion contains the user’s details and is a crucial section for the lender to declare the CIBIL score. Based on the user’s previous and current status, the lender assigns the CIBIL score. This section includes a table with your lender’s name, kind of credit product, ownership type, account number, date of account opening, personal loan amount, date of last payment, outstanding balance, and a monthly payment history. 

The column includes DPD (Days Past Due), which shows the number of days a payment for an account is past due. The most attractive values in this column are STD (Standard) or 000 (zero), which indicate that the payment is not past due.  

Any other value indicates that the payment was late. XXX indicates that the credit bureau has not received any payment information for the account in the preceding few months. Similarly, a value of 030 indicates that the account payment is 30 days past its due date. 

Red Box:

A red box shows an issue in the account information, which appears above the account details. In the CIBIL report, you may notice a red box next to the field in question. It can be returned once the issue is resolved. 

Enquiry Information: 

The enquiry area contains information about any inquiries related to credit applications. For each inquiry, the lender checks your CIBIL score to learn about your credit history. Too many queries make the lender assume you are a risky borrower. 

How to Download CIBIL Report online? 

• Go to the CIBIL website (www.cibil.com) on your computer or mobile device. 
• Find a button or link that reads “Get Your Credit Report” or “Order Your Credit Report” and click on it. 
• CIBIL will ask you if you want to get just your credit score, your full credit report, or both. Choose the option you want. 
• Next, you’ll need to enter some personal details like your name, date of birth, and identification proof (like your PAN card or Aadhaar card number). It’s a way to make sure that you are who you claim you are. 
• After entering your details, you’ll need to make the payment for the report(s) you selected. CIBIL will give you options to pay using a credit/debit card, net banking, or other available methods. 
• Once you’ve made the payment successfully, CIBIL will send you an email or SMS with a link to download your report. 
• Click on the link provided in the email/SMS, and your CIBIL report will be available for you to download. Usually, it is in PDF form. 
• Save the report on your computer, or mobile device, or take a printout for future reference. 

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