cibil

How to improve CIBIL score to get loans quickly

Finance - Are you struggling with getting a loan? Do you need a quick solution for your credit scores, then let me tell you something- credit scores did improve in a day. If you want your credit score to be good enough, you need two things- 1) discipline and 2) educating yourself about available choices. Don’t worry […]...

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Can person with zero credit score get a home loan

Finance - My nephew who wanted to take a home loan and whom I had advised to obtain his CIBIL report, called me to express his shock when he found 0 credit score in his CIBIL report. He was worried that with 0 score, which he perceived to be negative rating, he would not be able to […]...

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Hidden features in new 26AS Form under Income Tax

Finance - 26AS Form in new format under I-Tax Rule 114-I have been notified wef 1.6.2020. Please note all the information in it is auto populated and earlier it was mainly providing information wrt Tax (TDS, TCS, Advance Tax etc) alongwith Gross Income only. But now new 26AS form shall be a complete profile of taxpayer’s financial […]...

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Role of CIBIL Score in Finance

Finance - CIBIL stands for Credit Information Bureau (India) Limited which is a part of “transunion” an american multinational group.  It maintains credit files of around 600 million individuals and 32 million businesses. TransUnion is one of four credit bureaus operating in India and is majorly trusted by banks and Financial institutions due...

Read More

Improve your Low CIBIL Score & Get Approved for Best Personal Loan

Finance - Getting approved for online loans with low credit score is a nightmare. Sometimes, your application might get rejected due to your credit history. If you have had a low CIBIL score & want to repair it, then you must know the options to improve and get approved for a personal loan you want. Why don’t […]...

Read More

Auditor cannot share client info with Credit Rating Agencies unless permitted: ICAI

Finance - It is hereby clarified that under the provisions of Chartered Accountants Act,1949 it is not permissible to members to share client information with the CRAs, except if permitted by the Auditee client....

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68% of borrowers are unaware of their CIBIL score, reveals Home Credit Survey

Finance - ♦ Patna reports lowest literacy levels with only 22% of borrowers aware of their CIBIL score, followed by Kolkata (25%) and Mumbai (25%), reveals research conducted to understand Financial Literacy levels ♦ 76% of borrowers do not know their interest amount on loan, research says ♦ 50% respondents aware about Mutual Funds; Kolkata l...

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Steps to Bring Potential Borrowers under Credit Net

Finance - Eligibility for credit is a function of a potential borrower’s repayment capacity and creditworthiness. Repayment capacity is assessed on the basis of both income and expenditure cash flows, as well as assets and liabilities. Further, creditworthiness is reflected in the borrower’s track record in meeting credit and other payment obli...

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Free Credit Information or CIBIL Report to individual assessee

Finance - WEF 01.01.2017, all Credit Information Companies shall provide, upon request provide a Free Full Credit Report popularly known as CIBIL report ...

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CIBIL Report one of the factors to be considered before granting any loan

Finance - The information contained in the CIR (which contains credit score) would be one of the factors that banks would consider before granting any credit facility to a prospective borrower. However, it will be the commercial judgment of the concerned credit institution to grant loan or other wise to such borrowers based on their Board approved ...

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Educational Loan cannot be rejected for Unsatisfactory Credit Scores of parents

Pranav S.R. Vs Branch Manager, State Bank of India (Kerala High Court) - In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner's father showed that there was a default in a commercial vehicle loan availed by him....

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Submission of Credit Information to Credit Information Companies – Dissemination of Credit Information of suit-filed accounts

RBI/2011-12/165 DBOD.No. CID.BC. 30/20.16.042/2011-12 - (05/09/2011) - Submission of Credit Information to Credit Information Companies – Defaulters of Rs. 1 Crore and above and Wilful Defaulters of Rs. 25 lakh and above – Dissemination of Credit Information of suit-filed accounts...

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Submission of information to Credit Information Companies

RBI/2010-11/286 DNBS(PD-SC/RC).CC. No. 23 /26.03.001/2010-11 - (25/11/2010) - It is therefore, advised that SC/RCs on becoming member /members of any Credit Information Company / Companies may provide them the current data in the existing format if not already furnished by the banks/FIs from whom SC/RCs acquire the assets. Care should be taken to ensure that accurate data / ...

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Submission of data to Credit Information Companies

RBI/2010-11/191 RPCD.CO.RF.BC.No.17/07.40.06/2010-11 - (06/09/2010) - We advise that apart from Credit Information Bureau of India Ltd., (existing credit information company in operation since January 2001), the Reserve Bank of India has issued certificate of registration to Experian Credit Information Company of India Pvt. Ltd. and Equifax Credit Information Services...

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List of Credit Information Companies

UBD.CO.BPD.Cir.No. 60/09.11.200/2009-10 - (29/04/2010) - In this connection, we advise that apart from Credit Information Bureau of India Ltd., (existing credit information company in operation since January 2001) DBOD has recently issued certificate of registration to Experian Credit Information Company of India Pvt. Ltd. and Equifax Credit Information S...

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Grant of ‘Certificate of Registration’ – For commencing business of credit information – Experian Credit Information Company of India Private Ltd

RBI/2009-10/345 , DBOD.No.DL.15214 /20.16.042/2009-10 - (09/03/2010) - As you are aware, Credit Information Bureau of India Ltd.(CIBIL) has been functioning as a Credit Information Company (CIC) from January 2001 onwards and banks and Financial Institutions have been reporting data to CIBIL as per our letters DBOD No. DL.BC.111/20.16.001/2001-02 and DBOD No. DL.BC.29 /...

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Recent Posts in "cibil"

How to improve CIBIL score to get loans quickly

01/01/1970

Are you struggling with getting a loan? Do you need a quick solution for your credit scores, then let me tell you something- credit scores did improve in a day. If you want your credit score to be good enough, you need two things- 1) discipline and 2) educating yourself about available choices. Don’t worry […]...

Read More
Posted Under: Finance |

Auditor cannot share client info with Credit Rating Agencies unless permitted: ICAI

01/01/1970

It is hereby clarified that under the provisions of Chartered Accountants Act,1949 it is not permissible to members to share client information with the CRAs, except if permitted by the Auditee client....

Read More
Posted Under: Finance |

68% of borrowers are unaware of their CIBIL score, reveals Home Credit Survey

01/01/1970

♦ Patna reports lowest literacy levels with only 22% of borrowers aware of their CIBIL score, followed by Kolkata (25%) and Mumbai (25%), reveals research conducted to understand Financial Literacy levels ♦ 76% of borrowers do not know their interest amount on loan, research says ♦ 50% respondents aware about Mutual Funds; Kolkata l...

Read More
Posted Under: Finance |

Can person with zero credit score get a home loan

01/01/1970

My nephew who wanted to take a home loan and whom I had advised to obtain his CIBIL report, called me to express his shock when he found 0 credit score in his CIBIL report. He was worried that with 0 score, which he perceived to be negative rating, he would not be able to […]...

Read More
Posted Under: Finance |

Hidden features in new 26AS Form under Income Tax

01/01/1970

26AS Form in new format under I-Tax Rule 114-I have been notified wef 1.6.2020. Please note all the information in it is auto populated and earlier it was mainly providing information wrt Tax (TDS, TCS, Advance Tax etc) alongwith Gross Income only. But now new 26AS form shall be a complete profile of taxpayer’s financial […]...

Read More
Posted Under: Finance |

Educational Loan cannot be rejected for Unsatisfactory Credit Scores of parents

Pranav S.R. Vs Branch Manager, State Bank of India (Kerala High Court)01/01/1970

In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner's father showed that there was a default in a commercial vehicle loan availed by him....

Read More

Role of CIBIL Score in Finance

01/01/1970

CIBIL stands for Credit Information Bureau (India) Limited which is a part of “transunion” an american multinational group.  It maintains credit files of around 600 million individuals and 32 million businesses. TransUnion is one of four credit bureaus operating in India and is majorly trusted by banks and Financial institutions due...

Read More
Posted Under: Finance |

Steps to Bring Potential Borrowers under Credit Net

01/01/1970

Eligibility for credit is a function of a potential borrower’s repayment capacity and creditworthiness. Repayment capacity is assessed on the basis of both income and expenditure cash flows, as well as assets and liabilities. Further, creditworthiness is reflected in the borrower’s track record in meeting credit and other payment obli...

Read More
Posted Under: Finance |

Improve your Low CIBIL Score & Get Approved for Best Personal Loan

01/01/1970

Getting approved for online loans with low credit score is a nightmare. Sometimes, your application might get rejected due to your credit history. If you have had a low CIBIL score & want to repair it, then you must know the options to improve and get approved for a personal loan you want. Why don’t […]...

Read More
Posted Under: Finance |

Know about CIBIL Score

01/01/1970

Article explains what is CIBIL Score, What are the things which impacts CIBIL Score, How much Score holds well and What to do to improve CIBIL score. Most of the time we hear about CIBIL score. Many of the loan seekers face this issue while applying loan, that there CIBIL score is bad. I am […]...

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Posted Under: Finance |

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