Know Your Cibil

CIBIL - Credit Information Bureau (India) Limited

  • Cibil Score plays a critical role in the loan approval process. Your credit score gives loan providers an indication of your capability to pay back a loan. Every lender that uses the Cibil score has its own benchmark of what constitutes a “good score”.

  • India's first credit information bureau- is a repository of information, which contains the credit history of commercial and consumer borrowers. CIBIL provides this information to its Members in the form of credit information reports.

  • CIBIL is the repository of information which has been pooled in by all Banks and lending Institutions operating in India. Presently, CIBIL have a database size of over 170 million consumer records and 6.5 million company records contributed by our over 500 Members.

  • CIBIL’s aim is to fulfill the need of credit granting institutions for comprehensive credit information by collecting, collating and disseminating credit information pertaining to both commercial and consumer borrowers, to a closed user group of Members. Banks, Financial Institutions, Non Banking Financial Companies, Housing Finance Companies and Credit Card Companies are the members of CIBIL who use its services.

  • The establishment of CIBIL is an effort made by the Government of India and the Reserve Bank of India to improve the functionality and stability of the Indian financial system by containing Non Performing Assets (NPAs) while improving credit grantors’ portfolio quality. CIBIL provides a vital service, which allows its Members to make informed, objective and faster credit decisions.