CIBIL
Community Rating
5.0 out of 5 stars (based on 1 review)
CIBIL (Credit Information Bureau (India) Limited) is one of India’s leading credit information companies. Established in 2000, it collects and maintains records of individuals’ and businesses’ credit-related transactions, such as loans and credit cards. Member banks and financial institutions provide these records monthly.
Features
- Credit Information Report (CIR)
- Free Credit Score Monitor
- Fraud Prevention
- Personal Loans and Credit Card Eligibility
- Loan Marketplace
- Alerts and Notifications
- CIBIL Score for Companies
Hours of Operation
CIBIL operates during the following hours to assist customers and financial institutions:
- Monday to Friday: 9:00 AM to 6:00 PM
- Saturday, Sunday, and Public Holidays: Closed
Contact
For any inquiries or support, you can reach out to CIBIL through the following contact details:
- Phone Number: +91-22-6140-4300
- Customer Support: 1800-22-2355
- Customer Support Email: info@cibil.com
- Business Inquiries Email: business@cibil.com
- Website: www.cibil.com
CIBIL Review
Pros
- Comprehensive Credit Information: CIBIL provides detailed credit reports that help individuals and businesses understand their credit standing.
- Credit Score Reliability: The CIBIL score is widely accepted by financial institutions, making it a critical factor in loan approvals.
- Fraud Prevention: By identifying and mitigating potential fraud, CIBIL enhances the security of financial transactions.
- Loan and Credit Card Eligibility Insights: Helps consumers understand their eligibility for various financial products, streamlining the application process.
- Loan Marketplace: Offers a convenient platform for comparing loan offers from multiple lenders.
- Real-Time Alerts: Keeps consumers informed about changes in their credit information, promoting better financial management.
- Business Credit Scores: Aids in assessing the credit risk of companies, supporting better business lending decisions.
Cons
- Limited Free Access: Free access to credit reports is limited, with detailed reports and scores often requiring a subscription.
- Potential Errors: Errors in credit reports can occur, which may affect credit scores negatively until resolved.
- Complex Dispute Resolution: The process of disputing inaccuracies in credit reports can be time-consuming and cumbersome.
- Privacy Concerns: Handling sensitive financial information always carries the risk of data breaches and privacy issues.
Overall