To get your credit score it is required to generate the credit report for which one must perform CIBIL Login Registration. CIBIL scores are vital for credit decisions and hence you need to register if you need your score. Understand all about the registration process and what you need to do for a seamless CIBIL Login Registration.
TransUnion CIBIL is the most popular credit information Company in India that collects credit information of Companies and Individuals from various financial institutions to compile the credit profile and generate a credit score based on the credit behaviour of the individuals and Companies. To generate the credit report to know the credit score, CIBIL Login Registration is necessary, and this article is all about the registration process.
Click to Check: Cibil Report Online
CIBIL Score is an integral part of a credit decision. The moment a credit application is received, lenders draw the credit report to understand the credit repayment behaviour of the borrower and the risk attached to the proposal. There are two types of CIBIL Reports generated for the consumers. One is the report for individuals, i.e., Credit Report and the other is the report for Companies, i.e., Company CIBIL Report.
To generate the CIBIL Report, both individuals and Companies have to access the CIBIL Portal. To gain access to the CIBIL portal, CIBIL Login registration is required. Companies have to pay a fee of Rs. 3000/- to generate Company Cibil Report with Credit Rank every time. Individuals can get a free report once a year.
Once the registration to the CIBIL portal is completed following the CIBIL Consumer Login Registration process, you can generate a CIBIL report by logging in to your account. Knowing your CIBIL Score before applying for a loan is mandatory for a seamless loan process. The minimum CIBIL Score required for personal loan is between 700 to 750, and the minimum CIBIL Score required for home loan is between 600 to 750. The higher the Score, the better is the prospect of procuring a loan easily.
On completion of the second step, click on the ‘Proceed’ button
Use any payment mode like net banking, debit card or credit card for payment of subscription fee, i.e., Rs. 3000/-
A CIBIL Registration ID and Transaction ID will be sent to the email ID registered to the Company account.
The Company can use the CIBIL Registration ID for CIBIL login henceforth.
Also Check: Credit Policy of Banks
CIBIL login new registration is mandatory for both individuals and companies to gain access to the CIBIL Portal. Once the registration is complete CIBIL login will be enabled to generate CIBIL Report Online. The process for CIBIL Login for CIBIL score check online free in the case of individuals and CIBIL Login to generate Commercial CIBIL Report is discussed further in this article.
Also Check: Credit Bureau of India
Follow a few simple steps and check the CIBIL Score by PAN card or any other Government ID.
Additional Reading: How to read cibil report?
The procedure for CIBIL Login for Companies is given below:
It is recommended to keep track of your CIBIL Score and CIBIL Rank so that any slippage in the CIBIL Score/CIBIL Rank can be dealt with before it is too late. Managing the CIBIL Score at 750 and above, i.e., the minimum CIBIL score level at all times, will give you easy access to credit at times of emergency.
There are various advantages of CIBIL Login Registration.
Also Check: Credit Monitoring
The following are the KYC documents required for CIBIL Login Registration of individuals:
The KYC documents required for CIBIL Login Registration of Companies is given below:
Also Check: Cibil score required for personal loan
Uploading the required KYC documents is a mandatory procedure before CIBIL Login to generate the CIBIL Report. You should ensure that the KYC documents are valid before uploading to avoid the cancellation of registration.
Additional Reading: What is cibil grievance?
You have various plans with a different fee structure to access CIBIL Report and Score.
Also Check: CRIF credit score
Credit Rating in India is done by TransUnion CIBIL based on the credit information provided by the financial institutions from time to time. CIBIL Score calculation is done by taking into factors like payment history, type of credit, duration of credit, hard enquiries etc. Each factor is assigned with a percentage, and the Score is calculated. The credit score range is er 300 to 900. The higher the score, the better are the chances of loan approval.
CIBIL Score is a representation of your credit health and creditworthiness and has various benefits in the loan scenario.
The best site to check credit score is the official CIBIL Website.
Know how good your score is
Get insights on how to improve it
Unlock offers as per your score
Individuals and Companies need to access the CIBIL Portal for drawing their CIBIL Reports. CIBIL registration or CIBIL Login Registration is the process to gain access to the CIBIL Portal and login to their respective accounts to draw the CIBIL Report.
On completing the CIBIL Registration process by providing basic details like name, email id, mobile number, type of government ID, number of the government ID and uploading the required KYC documents, you will get the CIBIL User ID to access the myCIBIL section and generate the CIBIL Report.
If your Company has already subscribed for TransUnion Direct, you can get an individual user ID by contacting the Company Administrator or Local Administrator, who will be authorised to create a User ID for you.
The password for opening the CIBIL PDF is the first four alphabets of your name as appearing in the online application form in the lower case along with the year of birth. For instance, if your name in the online application is Shobha and the date of birth is 10/11/1958, then the password will be shob58.
Banks and other financial institutions have to enrol for Transunion by filling up membership and paying a fee to vide cheque/draft favouring ‘TransUnion CIBIL Limited’. The membership fee will be Rs. 10000/- plus taxes, and the annual fee will be Rs. 5000/- plus taxes.
The reasons why you cannot log in to Transunion are:
To ensure the correct link, first, clear the cache and browser history and then look in the settings/options/tool section of your browser.
If the username and password are incorrect, you will have to go for the reset option by selecting the right link. Several questions have to be answered as an identification process. Once the process is done, you will be provided access to your account. On completion of the process, you will receive an email as a part of privacy protection.
Choose any of the options given below to reset the username or password:
Generally, your email ID will be the username of CIBIL.
A one-time CIBIL fee is Rs. 550/-. There are two other types of CIBIL Fee, i.e., Standard and Premium subscriptions. For a Standard Subscription, you will be charged Rs. 800/- and you will receive 2 CIBIL Reports in 6 months. For a Premium Subscription, you will be charged Rs. 1200/- and you will receive four credit reports in a year.
When there is no credit history available for an individual, the credit score will be -1, which is a negative CIBIL Score. Now, if how to improve Cibl Score to come out of the negative CIBIL Score is the concern, then you can apply for a credit card against Fixed Deposit and follow the thumb rule for good credit given below.