Awareness Fridays: Have You Heard of CIBIL?

by Vinaya HS on February 27, 2009

in Finance

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Have you ever been rejected for a loan or some other form of credit (such as a credit card) and then wondered why your case was rejected? Though a financial institution must now tell you why your application was rejected, there is a lot more that goes on behind the scenes.

Enter CIBIL.

CIBIL or Credit Information Bureau (India) Limited is India’s first credit information bureau and is a repository of information, which contains the credit history of commercial and consumer borrowers. CIBIL provides this information to its Members (i.e. banks and other financial institutions) in the form of credit information reports.

I’ll let the Frequently Asked Questions explain the rest.

Awareness Fridays is my initiative to spread awareness on topics relevant to personal finance — every Friday. I urge you to take some time off and absorb this information — it’s pretty useful. And, as always, do spread the word if you find this useful.




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 3 comments… read them below or add one }

Anonymous February 27, 2009 at 10:27 AM

A similar entry was published in another financial blog, earlier this week:
http://chawanni.blogspot.com/2009/02/your-credit-score-cibil-getting-your.html

Vinaya HS February 27, 2009 at 11:23 AM

Thanks for the link. I’ll check it out.

Mary D'souza October 23, 2013 at 11:15 AM

My application was rejected. Credit Sudhaar was my choice. Initially they were slow. But their counsellors were able to handle all my queries. I will give Credit Sudhaar a positive review.

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