About CIBIL Login Registration
CIBIL plays a crucial role while applying for a loan with banks or other financial institutions. It helps in determining your creditworthiness and processes your loans faster and smoothly. An individual who wants to access CIBIL Score and the CIBIL Report can do so by registering on their website. The CIBIL registration and login is an effortless process that requires some basic information. Both individuals, as well as the commercial enterprises, can register on CIBIL and get access to their particular credit information.
Access to CIBIL is open for CIBIL Members and CIBIL Consumers. However, there is a difference between these two. The Banks, Financial institutions, Telecom companies, Asset reconstruction companies or the credit rating companies can be addressed as CIBIL Members. And the Companies or the Individuals can be addressed as CIBIL Consumers.
Once you are registered with CIBIL, it allows you to access the My CIBIL section (which is only meant for users). You can login to www.cibil.com/cas/consumer/portal/login with your registered email address and password to access the same.
Registration Process For Consumers
There are two different platforms for individuals and consumers introduced by CIBIL.
Note: Loan and credit card details will also be required.
However, in case the Companies and Individuals want regular access to their credit score and report, they will have to register themselves to CIBIL’s credit reporting services on their website. They can take a monthly /bi-annual/annual subscription to the reports which are available at discounted prices. Subscribing with CIBIL will also let you access other products and services like credit monitoring and dispute resolution. The charges levied by CIBIL for unlimited access to score and report is Rs. 550 for 1 month, Rs. 800 for bi-annual subscription and Rs.1200 for annual subscription.
CIBIL Registration Steps for Individuals
Following are the steps to for individuals to register with CIBIL:
Step 1: Visit www.cibil.com/creditscore (which is the credit Score section of the website) and select the subscription you would like to purchase. Fill in all your basic information like the PAN card details, date of birth, email address, gender etc. Entering correct PAN card detail is important or you may not be able to proceed. Post this, accept all the terms and conditions by ticking on the box and then click on Proceed to Payment.
Step 2: Make the required payment and move ahead with the purchase of a subscription. You can use online mode of payment like net banking and debit/credit cards.
Step 3: You may also need to answer a few questions about your loan and credit card. The bureau will get in touch with the respective credit organizations to collect information and then prepare the credit report.
Note: The CIBIL score is of three digits that ranges between 300 and 900. Anything above 750 is considered as an ideal score in getting loans and credit cards.
Following are the steps for companies to register with CIBIL:
Step 1: Visit the ‘Company Credit Score’ Section on CIBIL’s official website and complete the form given on the page. It will require details like:
In addition to the above information, it will also ask for your Loan Account Number, Company Identification Number, Tax Identification Number, Director Identification Number and Company PAN
Click on ‘Proceed to Payment’ once the above steps are done.
Step 2: Make payment to register your company on CIBIL via net banking, debit and credit cards.
Step 3: A unique CIBIL Registration ID, as well as the payment transaction ID, will be sent on your email address and you can use the same to login on CIBIL.
Step 4: You need to upload KYC documents of your company. Once you have completed the registration process successfully, CIBIL will verify your KYC documents and deliver the CIBIL Rank and Company Credit Report (CCR) for your company.
Note: CIBIL ranking, in this case, ranges between 1 and 10, where 1 is the best and 10 is the worst. Any rank between 4 to 1 is considered ideal in getting loans for credit institutions.
CIBIL requires you to submit your KYC documents to make sure that the credit request is made by the right (true) owner. Following is the KYC document checklist for individual users and commercial users:
Checklist for Individuals:
Identity Proof: Your PAN card, Passport, Aadhaar Card, Voters Identity Card, Driver’s License is considered as an identity proof
Address Proof: Your electricity bill, telephone bill, and bank statement can be considered as address proof.
Checklist for Companies:
Address Proof- Telephone bill, bank statement Note: Both Companies and commercial users have to make sure that the address mentioned at the time of filling the CIBIL the registration form should match with that mentioned on the KYC documents provided by them. Companies only need to submit the address proof as their identity, as that gets verified with the help of PAN.
How to upload KYC documents ?
The CIBIL registration will not be considered complete unless you upload the KYC documents to support the information provided by you in the application form. To upload KYC documents with CIBIL, all you need to do is visit their website and select KYC check.
Select the report type i.e. Credit Report or Company Credit Report and once you click on Credit Score and CIR, you will be redirected to KYC upload page.
Step1: Fill in the email address and date of birth
Step2: After selecting the type of document, you can upload the identity proof
Step3: In a similar manner, select the type of address proof you are providing and upload accordingly.
Note: CIBIL users can also opt to dispatch the physical copies of their KYC Documents to the registered office of CIBIL. Also, mention the transaction ID generated at the time of making payment.
What is a CIBIL Score / CIBIL TransUnion Score?
Credit Information Bureau (India) Limited, known as CIBIL is a Credit Information Company. CIBIL maintains records of individual and company credit history, submitted to them by lending Institutions across India.
Individuals are rated and given a CIBIL TransUnion Score ranging from 300 to 900. Higher the Score, greater the chance to get a loan or credit card application approved. 79% of loans are approved to individual borrowers with a score greater than 750. In addition, individuals will get A Credit Information Report (CIR)
What is Credit Information Report (CIR) and Company Credit Report (CCR)?
The Individual Credit Information Report and Company Credit Report give in-depth details in terms of past applications for the loan / credit card, approval / rejection of the same, amount sanctioned, repayment pattern, closure, defaults if any, and the like.
It’s quiet comprehensive and shows that somebody knows your credit history better than you do. And banks / other lending institutions quickly check with CIBIL before the sanction of loans / credit cards. Any individual / company with a PAN card can register to get the CIBIL Information Report / Company Credit Report. The registration process is hassle free and can be completed quickly online.
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