CIBIL Part of TransUnion UNDERSTANDING YOUR CIBIL SCORE What is a CIBIL Score? CCIBIL Score is a3 digit numeric summary of your credit history, derived by using details found in the ‘Accounts and ‘Enquiries’ sections ‘on your CIBIL Report and ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved. What does my CIBIL Score mean? Your CIBIL Score is one of the most important parameters considered by lenders before approving your loan application. CIBIL Score also provides lenders necessary insights into your credit history through past patterns of credit usage and loan repayment behaviour. It acts as a guiding principle for lenders, making the loan approval process faster. What are the major factors that affect my CIBIL Score? ‘There are 4 major factors that affect your CIBIL Score: PAYMENT HISTORY: Making late payments or defaulting your EMIs or dues (recently or consistently) may negatively impact your score, HIGH CREDIT UTILIZATION: An increase in the current balance of your credit card indicates an increased repayment burden and may negatively affect your score. (Q) urriPLeENquines: Appng forced, 0 eave ina shor prod of ine can negative} impact your CBI. Sore [AGE OF CREDIT: The length of time youve had ereit accounts open can positively impact your CIBIL Score. What does it mean when my CIBIL Score is ‘NA’ or ‘NH’? ‘ACCIBIL Score of NA’ or ‘NH is not a bad thing at all. These scores can mean any 1 of 3 things mentioned below: ) You do not have a credit history or you do not have enough of a credit history to be scored ie. you are new to the credit system, 'b) You have had no credit activity in the last couple of years. ©) You have all add-on credit cards and have no credit exposure, Itis important to note that while these credit scores are not viewed negatively by a credit institution, some lenders’ credit policy prevents them from providing loans to an applicant with credit scores of NA’ or 'NH' (applicants with no credit track record). Hence, you may have a better chance of applying for a loan elsewhere. Regd. Office: TransUnion CIBIL Limited, One Indiabulls Centre, Tower 2A, 19th Floor, ‘Senapati Bapat Marg, Elphinstone Road. Mumbal - 400 O13. Tel: 61404300 | Email ciblinfoqtransunion.com ‘©COPYRIGHT 2017 TRANSUNION CIBIL LIMITED. ALL RIGHTS RESERVED.CIBIL HOW TO READ YOUR CIBIL SCORE AND REPORT? Your CIBIL Report is a record of your credit payment history compiled from information received from banks and financial institutions. The purpose is to help loan providers make informed decisions basis your credit history, quickly and objectively. healthy credit report can get your loan approved faster and often, at better terms, @ CIBILScore 6 Report CT’ ene Ese |-® CIBIL Score ‘This section reflects your CIBIL Score which is widely used by loan providers to evaluate loan applications. An individual's CIBIL Score ranges between 300-900 and is calculated basis the information in the “Accounts” and “Enquiry” section of the credit report. The closer the score 10 900 the more confidence the loan provider wil have in your ability to repay the loan and hence, the better chances of your application getting approved. Please note in some cases you might be displayed a CIBIL score of either NA’ or "NH" which indicates one of the following 3 things: 1. You do not have a credit history or you do not have enough credit history to be scored, ie. you are new to the credit system. 2. You have no credit activity in the last couple of years 3. You have all add-on credit cards and have no credit exposure. -e Personal Information ‘This section conteins your personal details ke Name, Date of Birth and Gender as reported to CCIBIL by various members, Identification type section contains details ke your Income Tax ID (PAN), Passport Number, Drivers License and Voter ID information reported by lenders. Contact Information Your addresses, telephone, mobile numbers and email addresses as reported by lenders appear here. The address category also explains whether the address is a residential adcress, official address, permanent address or temporary address. Up to 4 addresses and ‘email addresses are provided in this section.CIBIL a Best ae e @ e 3 o ‘6 Employment Information This section provides information on your ‘cccupation and income (atthe time of opening 2 credit facility) as reported by the lender fora portcular creit account. Account Information ‘The most important segment of your CIBIL Report it contains detals ofall your loan and credit card accounts. It displays the name of the lender/s, the type of credit facilities (home loan, auto loan, credit card ete), the account numbers, whether single or jointly held, when ‘each account was opened, date ofthe last payment, loan amount, current balance, ‘amount overdue (if any) and most importantly, a month on month record of up 10.36 months of your payments. * yellow box above the Account Details indicates that the section is under dispute will bbe removed when the dispute is closed However, upon closure, the disputed information may or may not be changed as per confrmation received from the lender \_6 Enquiry Information This section provides details ofall the enauiries, made by the lender for your various credit applications and includes name of the lender, {ate of the application, the type of loan an itsCIBIL UNDERSTANDING THE TERMS AND KEYWORDS Key Term potasse CLASSIFICATION) [ACTUAL PAYMENT AMOUNT ‘AvOUNT OVERDUE casi usir (on (cowrROL NUMER) COLLATERAL corer unt (CURRENT BALANCE ‘PD (BAYS PAST QUE} AMOUNT exQUEY High CREDIT OwnERSHP REPAYMENT TENURE ‘SANCTIONED AMOUNT ‘SETTLEMENT AMOUNT SUIFFRLED AMmLFUL DEFAULT WRITTEN. OFF AMOUNT (erniciray \WAITTEN-OFF AMOUNT rotay, \WaITTEN-OFF AND SETTLED STATUS, Explanation It smportant once that some barks reper PD [plese ret the DPD desertion for re nfrmten) a pr the Asset Caseeaton norms dened by RE which areas follows: Po Denotes Epanation sto srancae Payments are beng made within 99 days, Any secour oerdue by more then 90 dys ‘ass ea & Nen Performing Asset (NPA) by Barks ova ‘Special Menton Aoseunt Special acccunt create for reprting Standard accourt, moving towards Sub Standard ua ‘sub Standard ‘Jo account which hs remained an NPA for upto 12 mnths ost Dost ‘The ssount has remained a Substandard account for period af 12 months us Lose ‘an account where los has been ented and remains uneoetibe |sthe amourtyou have pat your lenderifna arent rom he EMI Amount. The may be mere oles than the EMI Aru. Insoates the otal amount that nas not een paid the lenceria a timely fashon linus peelpl and ines acu. ‘pple to crea earcs specealy. she amount of e3sh you ae permed to withraw fom your eres card Ths your report number and is essential #you fel youneesto ages Dspute Request. 'sprovded to lender assecurty to protec the ender nthe eet you are unable to repay youroan. Ths maybe property shares god et, ‘pple to rea cars and overdraft facies. eects the total amount of ered you have accesso with regard hat red caro” overeat ‘ais, |sthe amourt you stil ome on apatcular cred ality Lenders typical tke 20-4 days afer you payentisreceved to update this information win BL (PO or Days Past Que appear inthe Account information section of your CIR. The DPD indates now many days payment on hat acount ie late that month, Aneting ether than ODO" of "STO" [lease rete to the ASSET CLASSIFICATION desertion or mote neraton is considered negatveby lence’ Upto 36 mont efhs peyment nso luth he most recent mort dsolayed Fs) ar prowdes ‘On eccason you may ae22XK reported fer your DPD on a eta account which le that information for nase mene as not been report to CBI by the bank |s the EI Equates Monthy netalrnnt that you pay on he ean Enquiries are ade to your report when you apy for oan or ered car ane he lender eis ta ences our CIR, tals euch ae the name ‘ofthe lean prvider #2 and typeof oan are capture inthis eton, Pease note thatthe date ofthe nay may ler Fer your Btu pplton date because the ender may acces you CiRa day o mote afer you have spied Apalies to reese and facies, ete the highest amount ee ied ning test an Yes) or that paren ee eae | creat {hs fl the lnder who ie esporable for payments on that lagn or ert cara Ther are type of incor hat can appear an your Ci 1 Single You a sole responsi er making payments onthe aocnunt, 2 Joint You and someone ese bear joint respenssly fr payments on hese accounts. This wil also elect one the indus OR 13 Authorized User: Tse used or addon credit cards tot you may have Whe his eects en you! OR lenders know that yous nt ‘esponsiblefrpayng dues on tat pariouaaocoun, 4. Guano: A guaranor plespesoreay oan cn halo thd party who has taken loan, Hence he provides a guraneeto the ender ‘athe willhoner the again incase the prin applicants unable to do so |s the term of your lean. This felis tobe eas with the PAYMENT FREQUENOY eto acurtely understand the term of thelean. Fr expe, 120 at amenthiy payment equency woud ean the term fe fan i 1 years “Thsisthe oan amour disburse to you Applies to account types oer han credit cards and overeat ‘When an amount ened on aloanaecount is éispute he individual andere sete at some ameuntin beeen ts what the fonder blvesis ‘wos nd what the sid Beeves fe should ey This the smote nda ae ages oy. The eso he amount st the nde bles Is owed) s writen he lender Incase te lender nas fled a su aganst you, theres spec reporting prescribed bythe Reserve Bank of nda (RBI this ss follows: 1. No ‘Sat Fle (r theft ile bla) 2 Su fled 3. Wifl Dau 4. Sur fle fl Detaut) ‘Theres the principal aunt writen ff ty th dr follow hat the ference betwen he otal an piel wniten off mans isthe teres amount trathas ben writer of on thi account {When lean is writer of theres aninteest and principal component. This fd refets the total intret and prieipal amount writen this sections populated ene has ether restructures yout ban by offering you dierent es festended he loan ter or reduced the Inerst ae ee), wrttenoff ns amu sted at some amu less then wnat helerder elves 5s one “ha posse values ae as flows: 1. Rosirutused Loan 2. Restructure Loan (Gore Mandated) 3, Witton of WO) 4. Setled 5 Post WO) Settee?