CIBIL Report

The CIBIL report comprises its most important component which is the CIBIL score, along with the details of your existing or past loans and credit card EMIs, as well as information related to Days Past Due (DPD) or submitted collateral/security, etc. It also contains the consumer’s personal and contact information, and account details, as well as the summary of payment history and enquiries.

How to Check CIBIL Report for FREE

Here, you can check your free credit score and CIBIL report online within a few minutes with no impact on your credit score by following the below-mentioned steps:

Step 1: Go to the ”All Products” section to click on Credit Score

Step 2: Select your gender, add your full name, date of birth, PIN Code, PAN, email address and mobile number

Step 3: Select the On/Off Tab to receive ‘Check regular credit report updates via WhatsApp’ as preferred

Step 4: Further click on the ‘Check Free Credit Report’ button to Verify and Log in using an OTP sent to your registered mobile number to get credit scores from all leading credit bureaus

Step 5: On CIBIL tab, click on ‘Check Report’ to further choose the language and month to check it

Step 6: Your Password to check the CIBIL report will be your Date of Birth (DDMMYYYY format)

Note: If you plan to buy a credit report directly from the TransUnion CIBIL, the first report shall be free, but further it would cost you Rs. 550 per month, Rs. 800 for 6 months, and Rs. 1200 for a year, but here you can receive credit reports absolutely free, along with monthly updates.

Credit Information Report (CIR) vs. Company Credit Report (CCR) 

Let’s discuss informative details regarding the CIBIL report and related aspects.

Primarily, there are 2 types of credit reports generated and issued by TransUnion CIBIL. The first one is for individuals which is termed as ‘CIBIL Information Report (CIR)’ and the second one is for companies, named as ‘Company Credit Report (CCR)‘. Below find the basic differences between the two credit reports generated from TransUnion CIBIL:

CIBIL Dispute Resolution Process

Check CIBIL report for errors and get them rectified at the earliest in case you notice any minor or major discrepancies, such as administrative errors or errors in reporting by banks/financial institutions or incorrect or faulty details. Make sure you get errors resolved immediately to avoid any major impact on your CIBIL Score/Rank. The simple steps involved in the Consumer Dispute Resolution process are mentioned below:

Consumer Dispute Resolution

For Individuals:

Step 1: Login to ‘myCIBIL’ and go to the Credit Reports Section

Step 2: Navigate to ‘Dispute Center’ and Click on the ‘Dispute an Item’ button

Step 3: Fill in the online dispute form

Step 4: Choose the relevant section as per the nature of your dispute and click on ‘Submit’ button. In case you are disputing data inaccuracies, enter a value for the disputed field and click on ‘Submit’ button

For Companies:

Step 1: Visit the official website of TransUnion CIBIL or click here

Step 2: Click on the ‘Dispute Resolution’ button and select the ‘Company Dispute Resolution’ option

Step 3: On the page that opens next, click on the ‘Raise an Online Dispute’ button

Step 4: Fill in the Online Commercial Dispute Form, enter the captcha code, and click on the ‘Submit’ button

Note: Once the dispute form has been submitted online, the disputed field(s) under relevant section(s) are marked ‘Under Dispute’. Then the dispute is taken up with the concerned lenders and the lender can either reject or accept the dispute. Corrections are made if the dispute is accepted and ‘Under Dispute’ is removed from the disputed field(s) under the relevant section(s). 

Alternatively, you can also raise a dispute by writing to TransUnion CIBIL at the following address:

TransUnion CIBIL Limited

One Indiabulls,
19th Floor, Tower 2A-2B,
Senapati Bapat Marg, Elphinstone Road,
Mumbai 400 013.
Tel : +91 – 22 – 6638 4600

Common Abbreviations

Some common terms used in both the Credit Information Report (CIR) and Company Credit Report (CCR), are discussed below:

• SF/WD/WO/SETTLED: Credit Accounts that have Suit Filed/ Wilful Default/ Written Off/ Settled.
• DPD: Days Past Due. It refers to the number of days that have passed from the agreed payment due date of EMI.
• DPD ‘0’: It indicates that the payment is made as agreed i.e. on time and the credit account is up to date.
• DPD>0: The number indicates the ‘Days Past Due’ reported by the respective lender i.e. how many days the payment was late as compared to the due date.
• When any of the following letters are shown in the DPD table, it means that the lender is reporting Asset Classification and indicates the following:

CIBIL Report FAQs

Q. What is the difference between a CIBIL Report and a Credit Score?

Ans. Credit Report contains information about the credit history and credit behaviour of individuals and companies. There are 4 major Credit Bureaus in India – TransUnion CIBIL, Equifax, Experian, and CRIF High Mark, each of which generates its own credit reports and scores. 

CIBIL Score on the other hand is one of the components of the CIBIL Report. It is a 3-digit numeric summary of an individual’s credit history and credit score ranges between 300-900. The closer your score is to 900 the better are the chances of approval of your personal loan application.

Q. What is considered to be a good CIBIL Score? 

Ans. Any CIBIL Score of 750 or higher is usually considered good by lender banks and NBFCs. The closer your credit score is to 900, the better your chances of being approved for new loans or credit cards.

Q. Can I have a CIBIL Score of zero, if I do not have any loan or credit card?

Ans. No, the minimum CIBIL Score that you can find on your report is 300. However, in case you have a very short credit history or haven’t taken a loan/credit card in the past, you can have a credit score designated as NA (Not Available) or NH (No History).

Q. How much time does it take for a dispute resolution process to complete?

Ans. The dispute resolution process involves a turnaround time of up to 30 days, subject to the time taken by the credit institution to respond.;