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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.
You can login to www.cibil.com/cas/consumer/portal/login with your registered email address and password. Once you have registered an account with CIBIL, it allows you to access ‘myCIBIL’ section.
For individuals, the CIBIL score is of three digits that ranges between 300 and 900. Anything above 750 is considered as an ideal score for getting loans and credit cards. For companies, CIBIL ranking 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 from credit institutions.
Keep your PAN details ready and follow these steps:
The following are the benefits of CIBIL (good CIBIL score)
Once you are registered with CIBIL, it allows you to access the myCIBIL 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.
To create awareness and help understand the importance of their credit score amongst the consumers. CIBIL lets an individual access one-time free access to credit score and reports. So, customers who are interested can visit the ‘Free CIBIL Score and Report’ page on their website and fill the form.
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.
What are the benefits of myCIBIL?
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:
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:
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.
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.
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.