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Enter the name and date of birth as per your Aadhaar. Select the gender Enter the active email address and mobile for further verification purpose. Enter the PAN number and Aadhaar/VID number. Select the address type. Enter the full address, Select the state and enter PIN code as per the bank records. Provide the consent and click on proceed to submit.
VLE should read out the consent to the customer and make him understand the terms in local language and accordingly obtain his consent before applying for CIBIL credit report. Click Here
Frequently Asked Questions
CIBIL Score is a 3 digit numeric summary of your credit history, derived by using details found in the ‘Accounts’ and ‘Enquiries’ sections on your CIBIL Report and ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved.
There are four major factors that affect CIBIL score are: Payment History- Making late payments or defaulting your EMIs or dues (recently or consistently) will negatively impact the score. Multiple enquiries- If you recently been sanctioned multiple loans and credit cards, then lenders will view your application with caution because this behavior indicates your debt burden has increased, which will negatively impact your score. Credit Mix- Having a balanced mix between secured loans (such as Auto, Home loan) and unsecured loans (such as personal loan, credit card) is likely to have more positive score on your score. High credit utilization- An increase in current balance of your credit card indicates repayment burden and may negatively affect the score. Errors in Credit Report: Errors in CIBIL reports such as an incorrect mention of default in repayments, wrongly assigned loans/credit cards, errors in personal information, etc. may adversely affect your CIBIL score. Additionally, incorrect or delayed reporting by banks may also negatively impact your CIBIL score. Lack of Credit History: Your CIBIL score is calculated on the basis of your credit behavior, loan repayment history, credit utilization limit, etc. Absence of credit history negatively affects your CIBIL score. It becomes difficult for the lender to determine the risk category the individual falls into in case he/she has never taken a loan or never had a credit card.
You can improve your CIBIL Score by maintaining a good credit history, which is essential for loan approvals by lenders. Follow these 6 steps which will help you better your score: Always pay your dues on time: Late payments are viewed negatively by lenders. Keep your balances low: Always be prudent to not use too much credit, control your utilization. Maintain a healthy credit mix: It is better to have a healthy mix of secured (such as home loan, auto loan) and unsecured loans (such as personal loan, credit cards). Too many unsecured loans may be viewed negatively. Apply for new credit in moderation: You don’t want to reflect that you are continuously seeking excessive credit; apply for new credit cautiously. Monitor your co-signed, guaranteed and joint accounts monthly: In co-signed, guaranteed or jointly held accounts, you are held equally liable for missed payments. Your joint holder’s (or the guaranteed individual) negligence could affect your ability to access credit when you need it. Review you credit history frequently throughout the year: Monitor your CIBIL Score and Report regularly to avoid unpleasant surprises in the form of a rejected loan application.
Inaccuracies in CIBIL Report (Individuals) or Company Credit Report (Commercial) are considered as CIBIL Dispute. These can be related to ownership information of the company, personal details, address, contact information, etc. However, information such as account number, member name, enquiry date and control number cannot be rectified by raising a CIBIL Dispute.
Any dispute in the CIBIL Report or Company Credit Report can be notified by raising a CIBIL dispute resolution request. Those who have registered on CIBIL can directly raise a dispute by logging into myCIBIL. Follow the steps given below:
- Login to myCIBIL
- Click on Raise a Dispute tab
- Select the relevant section that you want to dispute
- Select your account
- If you are disputing over ownership or duplicate information, select the same on ‘Dispute Type’ and submit the details of the dispute in brief.
- If you are disputing a data inaccuracy, enter the correct value for the disputed field and submit.
Alternatively, the users can also fill out the CIBIL online dispute resolution form directly without logging in to myCIBIL. Individuals can file the same by filling this form- https://www.cibil.com/dispute/. Please Note –You can dispute multiple fields and information on your report in a single dispute by navigating to each section on the Online Dispute Form (i.e. Personal, Contact, Employment, Account Details and Enquiry). It may take approximately 30 days to resolve a dispute, subject to the time taken by the Credit Institution to respond.
CIBIL report is a single document which reflects your credit history over a significant period of time. This reports further assist in evaluating the credit worthiness of the individual or corporate entity. It includes the following information-
- Personal details of an applicant (name, age, gender and address)
- CIBIL score
- Number of enquiries made by potential lenders on receipt of the loan/credit card application
- Record of previous and current loans with payment history
- Any defaults on loan/credit card payment