myCIBIL: Credit Report & Other Benefits

myCIBIL: Credit Report & Other Benefits

CIBIL is licensed by the Reserve Bank of India (RBI) under the Credit Information Companies (Regulation) Act, 2005. One of India's leading credit bureaus, Credit Information Bureau (India) Limited (CIBIL), keeps track of all credit-related transactions, including loans, for both businesses and people. CIBIL receives information regularly from the registered member banks and other financial institutions. CIBIL provides applicants and financial institutions with Credit Information Reports (CIRs) and credit scores based on the data given by these organisations.

CIBIL provides a credit score, an individual credit report, and a company credit report. CIBIL is a database of credit information, not a loan decision-maker. Banks and other lenders can rapidly and effectively sort through the many loan applications they get daily using the information it offers. 

Did you know? Apart from India, RBI has also served as the Central Bank of Pakistan till 1948 & Myanmar till 1947.

How does your Cibil score work?

  • Your CIBIL score depends on an overview of your credit history and how you managed credit in the past. Since it considers characteristics such as timely repayment of EMls, credit utilisation, credit inquiries and current debt, your credit score demonstrates your dependability to lenders.
  • The CIBIL Report & Score acts as a gauge of your creditworthiness, allowing lenders to assess your application as a possible borrower based on your financial history.
  • Your CIBIL score & report are simply one of many factors taken into account when deciding your eligibility for a loan and the approval of your application. Your income and place of residence, current debt, and employment play a factor in your credit score and rating.
  • CIBIL Transunion offers a free credit report once a year to all consumers. As soon as you apply for a loan with a bank or a non-bank financial organisation, the lender will assess your borrowing capacity based on your income level, age, salary, and credit score. Your credit report provides information on your credit history and your debt repayment history, among other things.

Also read: What are Debit, Credit Note and their Formats?

What is myCIBIL Portal?

  1. myCIBIL is a single online platform that allows you to access all of the services provided by CIBIL, which are as follows:   
  • obtaining your CIBIL score for a fee 
  • seeing the results of your CIBIL report 
  • apply for a loan 
  • raising an issue at CIBIL 
  • renewing your subscription.  
  1. You will be able to access your myCIBIL account as soon as your CIBIL Score and Credit Information Report (CIR) request have been successfully processed. The login details for the MyCIBIL Portal will be sent to you by email or speed post/express delivery, as appropriate. 
  2. You can access the myCIBIL Portal on www.cibil.com/mycibil

How to Download CIBIL Report in PDF?

  1. First, you need to have a subscription to access the myCIBIL portal to view your CIBIL Report. If you don't already have one, you can get one using the following link: https://www.cibil.com/select-plan. 
  2. Now, you can access your latest Credit Information Report by CIBIL and your CIBIL score by logging into the myCIBIL Portal. You will get your myCIBIL Portal login credentials through email or speed post. 
  3. Once you have logged in, you can access your CIBIL Report pdf by clicking on the 'View Report' tab on the Home Page, as has been shown here: 

  1. The View Report section has been divided into five categories to make it easier to navigate based on the information that would be included on your credit report: Enquiry information, Account information, Contact information (including address), Personal information (including name), and Employment information.  
  2. Also available on the myCIBIL Portal is the ability to download the CIBIL Report in PDF format or transmit a copy of the report by selecting either "Download" or "Email" from the drop-down menu.

Also read: What Are Debit and Credit? Bookkeeping Basics Explained

What is the CIBIL Report PDF password?

Numerous clients are out there who can provide you with the CIBIL report pdf. They have been listed below, along with their password:

1. myCIBIL pdf password - your date of birth in DD/MM/YYYY format.

2. SBI CIBIL pdf password - your date of birth in DD/MM/YYYY format.

3. PaisaBazaar CIBIL Score pdf password- your date of birth in DD/MM/YYYY format. 

The default password to open your CIBIL Credit Information Report pdf is your date of birth in DDMMYYYY format.

But, that doesn't hold for all credit reports, for example, the one provided by Experian. 

  1. Experian notifies the password for its credit report to the viewer via email.  
  2. More often than not, the Experian Credit Report pdf password is the first four letters of your name and the last four digits of your registered phone number.

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