I have earlier written about the articles on credit report and improving the credit history. In India, all the banks made it necessary to check the CIBIL report before approving the loan applications for the customers. So, it becomes necessary to every individual to have the proper understanding on the CIBIL report and how it would impact their eligibility of getting the loans.
CIBIL is coming up with new ways to improve their service. When they started in India, it is only possible to get your credit report through the post. Recently they have introduced the online facility to make the payment and get the credit report through your nail box. This article explores the step by step process to apply the credit report online. If you have any doubts, please post it in the comments section. Subscribe to our future articles here.
Login to the CIBIL Website
As a first step, you have to login to the CIBIL’s website. You would find the lot of options in the home page. Using CIBIL‘s website a company can become member of the CIBIL, become partner or existing customers can resolve their issues in the CIBIL report.
In the above screen click on the “Consume Home“, the following screen will be shown to you.
The above screen shows that you can apply for the credit score of your company or if you are an individual please click on the link “Consumer“. The following screen will be shown to the user.
Process to Get the CIBIL Report
In the above screen you would see the list of options in the left hand side. You have to move the mouse cursor to the “Order“, then it will expand and another two menus “Credit Score” and “Company Credit Score” will be shown to the user. Please click on the menu “Credit Score“, it will take the user to the following page.
This page would show the process of getting the CIBIL report. The following are the steps for getting the credit report:
- Complete the request form in online (which is shown in the next screen)
- Make the payment through net banking.
- After making the online payment, you would receive the unique CIBIL registration id and transaction id.
- Then it would ask you the five questions about your financial transaction like you loan amount, past EMI, etc. If you could answer all the questions correctly, then the authentication would be successful and you could get the report within a week.
- If you cannot answer the questions then the authentication will be failed. In that case, you have to send them manually your PAN card and other requested details through post to get the credit score.
Online Payment for CIBIL Report
In the above screen click on the “Buy Now” button. It will take you to the online request form which you need to fill your details.
In the next pages you would be asked five questions which will be presented in the objective type questions. That means they provide multiple options for each questions and you have to choose one right answer. If you are able to answer all the questions. The following screen would appear and your credit score report will be processed and sent to you within a week.
I hope this article would have provided more details on the step by step process to apply for the CIBIL report. In next next couple of years, the need for the credit score for any kind credit facility would become mandatory. If you are not having the decent record on your loan repayment or your credit card usage, it would drastically affect your loan eligibility. If you have any doubts, please post it in the comments section.
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