1. WHAT IS CIBIL?
SHAREHOLDING PATTERN
Stands For Credit
Information Bureau (India)
Limited
Simply Put, CIBIL Keeps A
Track Record Of Your Credit
History & Allots Every
Individual A CIBIL Score
This Score Is Used By Banks & Non Banking
Financial Corporations To Assess Your Loan
Applications
10%27.5%
10%
5%
5%
5%
5%
5%
5%5% 5%
5%2.5%
5%
DID YOU KNOW?
You Can Check Your CIBIL Score At
www.cibil.com For A Nominal Fee
Of INR 470
HOW YOUR SCORE STACKS UP TIPS TO IMPROVE YOUR CIBIL SCORE
900S U P R E M O
700+VERY GOOD
800+ OUTSTANDING
500+POOR
600+ SCOPE OF IMPROVEMENT
500> NO HOPE
TransUnion
International Inc
ICICI Bank LtdState Bank of India
Bank of Baroda Bank of India
HSBC
Central Bank of India
Punjab National Bank
Standard Chartered
Citicorp Finance India Indian Overseas Bank
Union Bank of India HDFC
Sundaram Finance Ltd
Public Entities Private Entities
ALLOTMENT OF HOME LOANS
ACCORDING TO CIBIL SCORES IN
2012
EVERYTHING YOU WANTED TO KNOW ABOUT CIBIL
Less Than 750
Above 800
750 To 800
Pay your bills on time. Late
payments affect your score
negativity
Never increase your Credit Card debt.
An increased CC spend reduces your
score proportionately
ALLOTMENT OF ALL LOANS
ACCORDING TO CIBIL SCORES IN
2012
58%
23%
10%
5%
4%
Above 800750 To 800
700 To 750
650 To 700 Less than 650
Make sure your credit basket is a
uniform mix of Home Loans, Personal
Loans and CC spend. Too much of only
CC spend hampers your score
Seek new credit only when you have
paid off some old credit because
paying off old credit increases your
score
Even if you do not use your CC
regularly do not close it. Unused CCs
imply that you do not need credit
Make sure payments for your Joint
Accounts are timely because they too
affect your score
DID YOU KNOW?You Can Bargain With Banks and NBFCs If You
Have A Good Score. For Example, If You Have
A Score of 800+ , You Can Get A Lower
Interest Rate Than A Score of 750+
Sources:
http://www.cibil.com
http://www.wikipedia.com
http://www.livemint.com