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Understand the difference between the CIBIL Score and the CIBIL Report to see how each element shapes your overall credit profile.
A low CIBIL Score can delay your loan approval or reduce your eligible amount. Lenders check this score first, so any mismatch or unpaid amount can affect your application. The score comes from your CIBIL Report, which holds your credit information in one place. It shows your repayment history, credit utilisation ratio, open accounts, closed accounts, and past delays, if any. This helps lenders measure your credit risk before they decide on your loan.
To better understand the differences between CIBIL Score and CIBIL Report, take a look at this table:
| Parameters | CIBIL Score | CIBIL Report |
|---|---|---|
Definition |
It is a numerical representation of your creditworthiness, ranging from 300 to 900 |
It is a comprehensive document with details of your credit history; includes information about your credit accounts and repayment patterns |
Purpose |
Used by both applicants and lenders as an evaluative metric that reflects the recent changes in your credit history and offers a quick view of credit utilisation |
A comprehensive document accessed by lenders and applicants to evaluate credit behaviour |
Level of Insight |
It provides a basic summary of your credit behaviour |
It offers an in-depth view of your credit behaviour and repayment history |
Time Frame |
As per new RBI rules, it must be updated every 15 days |
It contains detailed records of your credit activity in the last 36 months |
Impact on Loans |
A score above 750 improves the chances of loan approval and may help you secure competitive interest rates |
It helps lenders assess repayment behaviour, defaults, write-offs, and enquiries, offering a complete picture of your creditworthiness |
Your CIBIL report forms the foundation, and your CIBIL score is the outcome generated from it. The report records comprehensive credit information, including loan accounts, repayment history, and credit enquiries.
From this data, a three-digit score ranging between 300 and 900 is generated to reflect your overall creditworthiness.
In essence, the report provides detailed insights, whereas the score offers a concise summary. Lenders typically review both together, using the score for a quick assessment and the report for a more thorough evaluation.
In India, credit reports and credit scores are typically issued by four principal credit bureaus licensed by the Reserve Bank of India (RBI):
TransUnion CIBIL
Experian
Equifax
CRIF High Mark
These bureaus collect and maintain individuals’ and businesses’ credit information, compile detailed reports, and generate credit scores. Financial institutions rely on these reports and scores to evaluate creditworthiness, make informed lending decisions, and manage credit risk effectively.
Errors in your CIBIL Report can negatively affect your Credit Score and loan eligibility.
Incorrect personal details may delay loan approvals.
Wrong account status or payment records can lower your score.
Duplicate or unauthorised accounts listed can signal risk to lenders.
Discrepancies in credit limits or outstanding amounts may impact your score calculation.
Errors in the report can result in higher interest rates or loan rejection.
These issues show how inaccuracies in your CIBIL report can directly influence your credit score and borrowing outcomes, making timely correction important.
Reviewing your Credit Report helps you improve your CIBIL Score
Check your report for errors or unauthorised entries and dispute them immediately.
Pay all dues on time to avoid negative marks.
Keep your credit utilisation below 30% of your limit.
Limit new credit applications to reduce hard inquiries.
Regularly monitor your report to track progress and catch issues early.
Understanding how your credit report works helps you track and improve your CIBIL score over time.
Both your CIBIL score and CIBIL report play an important role in determining your loan eligibility and approval. An ideal credit profile should have a high CIBIL score and a healthy CIBIL report. By analysing both, lenders can get a complete view before making lending decisions.
When you access your CIBIL report, the score is prominently displayed at the start of the document.
TransUnion CIBIL, Experian, Equifax, and CRIF High Mark are the four major credit bureaus in India that issue credit scores. A CIBIL score is the credit score assigned by TransUnion CIBIL, but it does not represent the scores issued by other bureaus.
A credit report contains details of your borrowing, repayments, outstanding credit, loan enquiries, defaults, and personal information. A CIBIL report specifically refers to the credit report generated by TransUnion CIBIL.
You are entitled to one free credit report every year from each of the four major credit bureaus in India by visiting their official websites. For additional reports within the same year, you will need to purchase them by paying a subscription fee. You can also use authorised third-party platforms such as Bajaj Markets.
CIBIL provides one free credit report per year. If you want to monitor your score more frequently, you can subscribe to a paid plan that offers multiple reports across the year.
Yes. You can get one free copy of your CIBIL report annually by visiting the official TransUnion CIBIL website. By completing the authentication process and uploading the necessary documents, you can download the report.
No, a Credit Score and a Credit Report are not the same. The Credit Score vs. Credit Report difference lies in their purpose and format. A Credit Score is a three-digit number (300-900) summarising your creditworthiness, while a Credit Report is a detailed record of your credit history, accounts, and payments.
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