CIBIL Score holds extreme importance when you apply for a loan with a bank or financial institution. A person who wants to access his CIBIL Score and CIBIL Report can do so by registering on their website. CIBIL Registration Process is simple and hassle-free and only requires basic personal information and the details of your loans and credit cards. Individuals as well as commercial enterprises can register on CIBIL to get access to their respective credit information.
It is important to note here that there is a difference between ‘CIBIL Members’ and ‘CIBIL Consumers’. CIBIL Members can be banks and financial institutions, insurance companies, telecom companies, asset reconstruction companies and other credit rating agencies. Members help CIBIL in carrying out an in-depth credit analysis of individuals and companies. On the other hand, CIBIL Consumers are the individuals and companies who want to access their own credit report.
CIBIL Registration Process for Consumers
CIBIL has two different platforms for individual and commercial consumers.
To generate credit awareness among consumers and to make them understand the importance of their credit score, CIBIL allows one-time free access to credit score and report for individuals. Interested customers can visit the ‘Free CIBIL Score and Report’ page on their website and fill the form. Details regarding loans and credit cards will also be required.
However, for regular access to their credit score and report, individuals and companies have to register for CIBIL’s credit reporting services on their website. They have to take quarterly/bi-annual subscription to the reports which would provide credit reports at a discounted price. A CIBIL Subscription also lets you access other products and services like credit monitoring and dispute resolution. For a one time score and report, CIBIL charges Rs 550, Rs 800 for bi-annual subscription under which you will get two reports in a year, and Rs 1,200 for quarterly reports wherein you will get 4 updated reports in a year. Companies are charged a single amount of Rs 3,000 for their one time CIBIL Rank and Company Credit Report (CCR).
A. CIBIL Registration Steps for Individuals
Step 1- Visit the Credit Score section of the website- https://www.cibil.com/creditscore/ and select the subscription you would like to purchase. Fill in your basic information such as PAN, email address, date of birth and gender. Make sure that you enter correct PAN information. Acknowledge and accept all terms and conditions by ticking on the box. Click on Proceed to Payment.
Step 2- In this step, you have to make the required payment towards the purchase of this subscription. Net banking, cash cards and debit/credit cards can be used for this purchase.
Step 3- Answer a few question about your loans and credit cards. The bureau will contact respective credit organizations to collect information and then prepare the credit report.
CIBIL Score is a three-digit number ranging between 300 and 900. A score above 750 is considered ideal for getting loans and credit cards.
B. CIBIL Registration Steps for Companies-
Step 1 – Visit the ‘Company Credit Score’ Section on the official website of CIBIL. Complete the form given on the page. It requires details such as:
- Company Name
- Legal Constitution
- Registered Address
- Name of the Applicant and his/her relationship with the company
- Contact information such as mobile, landline and email address
- Enclose Authorised Signatory’s Identity Proof and Address Proof
- Additional Information such as Loan Account Number, Company Identification Number, Tax Identification Number, Director Identification Number and Company PAN
After filling all these details, click on ‘Proceed to Payment’.
Step 2- Make payment towards this CCR via net banking, credit/debit card or cash card.
Step 3- A unique CIBIL Registration ID as well as the payment transaction ID will be mailed to you on the provided email address. You can use the former to login to CIBIL.
Step 4- Upload the KYC Documents of your company.
After successful completion of the registration process, CIBIL will verify your KYC Documents and then deliver the CIBIL Rank and Company Credit Report (CCR) for your enterprise. CIBIL Rank is a number ranging between 1 and 10, 1 being the best and 10 being the worst. A CIBIL Rank of 4-1 is considered ideal for getting loans for credit institutions.
List of Supported KYC Documents for CIBIL Registration
To make sure that the credit report request is made by the rightful owner, CIBIL requires users to upload/submit KYC documents. Given below is the KYC documents checklist for individual users and commercial users.
- Identity Proof- PAN Card, Passport, Voters Identity Card, Driver’s Licence, Aadhaar Card.
- Address Proof- Bank statement, Electricity Bill, Telephone Bill.
- Address Proof- Bank statement, Electricity Bill, Telephone Bill.
Both individual and commercial users need to ensure that the address mentioned at the time of filling the CIBIL registration form should match with that mentioned on the KYC documents provided by them. Since the company’s identity is already verified with the help of PAN and other documents uploaded, they have to submit address proof only so that the Company Credit Report reaches the correct address.
How to Upload KYC Documents?
Your registration on CIBIL is not complete unless you upload necessary KYC documents to support the information provided by you in the application form. To upload the documents, visit the ‘KYC Check’ page on their website- https://www.cibil.com/kyc-check.
Select the type of report you are seeking- Credit Report or Company Credit Report. Once you click on Credit Score and CIR, you will be redirected to KYC upload page.
Step 1- Fill in the email address (Same and provided before) and Date of Birth.
Step 2- Upload identity proof document after selecting the type of document.
Step 3- Similarly, select the type of address proof you are providing and upload accordingly. Submit.
If you click on CIBIL Rank and CCR, you will be redirected to this page- https://www.cibil.com/uploadkycdocuments/. Enter your email ID and phone number and proceed with the uploading of documents. Make sure that all documents are valid (not expired) at the time of submitting, otherwise your CIBIL registration might be cancelled.
Alternatively, CIBIL consumers can also dispatch physical copies of their KYC Documents to the registered office of CIBIL. Do not forget to mention the transaction ID generated at the time of making online payment. The address is given below-
TransUnion CIBIL Limited
One Indiabulls Centre,
Tower 2A, 19th Floor,
Senapati Bapat Marg,
Lower Parel, Mumbai – 400013
CIBIL Consumer Login- How is it done?
CIBIL registration will allow you to access the myCIBIL section which is meant for the users. You can login to myCIBIL here- https://www.cibil.com/cas/consumer/portal/login. Put in your registered email ID and password to login.
Benefits of myCIBIL
myCIBIL is the platform for CIBIL customers where they can get regular updates of CIBIL Score and Report. Apart from this, myCIBIL offers the following benefits-
- Enjoy up to 45% discount per report by logging in to myCIBIL
- Get regular online access to your CIBIL Score and Credit Report
- Get pre-approved customized loan offers and negotiate a competitive rate
- Resolve disputes with great ease and also avail one free credit report when the credit institution accepts changes in credit report
- Manage your finances smartly with regular access to your credit report