www.cibilcheck.info

CIBIL Check by PAN Number

CIBIL Check by PAN Number:-

To check here your CIBIL using your PAN Number you need to go official website at http://www.cibil.com and register yourself.

As you know all loan process required PAN (Permanent Account Number) by which your Income Tax Proof Monitor. What you have previously taken loan or if you already paid or currently paying all details PAN card keeps record.

We always suggest you to please make EMI payment on time of your good and services you bought on loan and do never let cheque get bounced it affects your CIBIL Credit Score. Best CIBIL Credit Score 750+. Then you will grant for loan easily and fast.

Check My Name in CIBIL

Are you willing to check your name in CIBIL, yes first of all you need to know What is CIBIL Credit Score and how many ways it helps you in future if you required for loan or apply for credit cards.

To check Name in CIBIL, Defaulters List, Credit Card Defaulter, My CIBIL Report, CIBIL Defaulters, List Online, you need to register website http://www.cibil.com

Having Dispute with Banks while Applying Loan?

Having Dispute with Banks while Applying Loan - FreeCreditHelp.in (Money Life Foundation)

Are you having dispute with banks while applying loan, don't worry now FreeCreditHelp.in will solve your issue and get confidential help and support indeed.

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Who are Moneylife Foundation?

Moneylife Foundation was set up by Sucheta Dalal, Debashis Basu and Nita Mukherjee. Moneylife Foundation is a not-for-profit organisation registered with the Charity Commissioner of Mumbai with a mission is to spread financial literacy and be the voice of Indian savers. The Foundation was launched on 6 February 2010, and the hub of Foundation’s activities, Moneylife Knowledge Centre where seminars and several hundreds of books are stocked for benefit of its members. In just a spate of three years, our membership base has swelled to over 30,100 members, making it one of the fastest growing non-profit organisations in India. The Foundation has hosted eminent speakers such as CAG Vinod Rai, Dr Subramaniam Swamy, ad guru Anand Halve, ex-RBI Governor KC Chakrabarty, ex-Railway Minister Dinesh Trivedi, ex-CIC Shailesh Gandhi to name just a few. These luminaries, along with our flagship foundation events provide incisive insights to consumer interest, stock markets, financial literacy and more. Moneylife Foundation spreads financial literacy through a free reading room of business books, workshops, counselling, grievance redressal, lectures by experts and inputs for effective policy-making. Membership to the Foundation is completely free with no hidden riders and thousands have benefited from our efforts. We have had seminars on the Union Budget, investments, savings, mutual funds, financial scams, pensions, insurance, wills, transmission & nomination, m-commerce, real estate, credit cards, tax returns, how to deal with mis-selling by banks, credit bureaus & credit scores, etc.

Moneylife magazine is a fortnightly that is focused on personal finance topics borrowings, mutual funds, real estate, stocks, insurance and taxes. It empowers the individual to invest and spend wisely by offering hard facts, insightful opinions, unbiased options and useful tips from the world of money. Moneylife has created a high mindshare with its innovative content and pro-reader stance. It delivers a stellar mix of unique content, sharp analysis and a lucid writing style in a classy design and layout that is a cut above its competitors. Moneylife offers a totally honest opinion about financial products; we are one of the rare publications to analyse life insurance products from with the interests of policyholders in mind and have carried a crusade against debilitating pyramid schemes. Among Moneylife’s innovations are unique long career interviews that have drawn out the fascinating stories of the biggest and the best achievers in their own words. Moneylife has been the only magazine to feature luminaries such as Mukesh Ambani, Ratan Tata, Professor CNR Rao, RK Laxman, Professor MM Sharma, Keki Dadiseth, KV Kamath, Dr RH Patil, Amitabh Bachchan, Geet Sethi, etc. These gripping interviews have become the talking points across the country and have been compiled as bestselling two-volume titles called Pathbreakers and Pathbreakers 2.

Total Attendees 4,64,679 and Counting
Total Members 36,189 and Counting
Total Events 248 and Counting

Just make a call from your mobile or landline : 022-4920 5000 or email it if any issues need to advise and support at freecredithelp@moneylife.in

Get Free Cibil Credit Score Report Check Online - freescoreindia.com

To know your financial Status report, please read our blog posts by which you will surly benefits while applying for fast loan approval. India's First Free Credit Score provider to make people aware of their Credit Worthiness. Apply today and know your Credit score for FREE.

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Features you will love & enjoy.

Having a good credit score will help you save money and make your life much easier. If you’re looking for inspiration to improve your credit score or reasons that you should maintain your good credit, here are some great features to having a good credit score.

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Low interest rates on credit cards and loans.The interest rate is one of the costs you pay for borrowing money and, often, the interest rate you get is directly tied to your credit score.
Better chance for credit card and loan approval.With a shaky credit history, you’ll probably avoid making new credit card or loan applications because you fear you’ll be turned down.
More negotiating power. With a good credit score, you can often negotiate a lower interest rate on your credit card or a new loan, just by referencing your good credit score.
Easier approval for rental houses and apartments. More landlords are using credit scores to screen tenants.

Benefits you will love & enjoy

Credit score basically defines your credit worthiness which helps banks & other lenders gauge your ability to repay the credit back. Checking your credit score beforehand helps you become aware of your credit repaying abilities and improve it if needed. Regular checking of your credit score also helps you spot any errors or mistakes.

Find Errors: Checking your credit report at regular intervals helps you spot errors or mistakes made by the bank and take immediate action against it.

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Watch through Video - How Loan Approval Process Work and How Its Impacts of Credit Score on Loan Application?

Video : Loan Approval Process

Please watch this video to understand how actually loan approval process work and how its impacts of Credit Score on Loan Application.

How Loan Approval or Rejection Process Work?

How Loan Approval or Rejection Process Work?

Taking a loan can be a complicated process for most people. The illustration below indicates what to expect at every step during the loan evaluation process. It helps understand how the credit decisioning works in banks and the steps they take before deciding to accept or reject a loan/ credit card.

750 IS GENERALLY CONSIDERED A GOOD SCORE
79% of the loans or credit card disbursed are to individuals with a CIBIL TransUnion Score greater than 750.

WHAT DO THE BANKS BROADLY CHECK FOR?

Suit filed or written off cases reported in the Credit Information Report [CIR]. This is indicated in the 'Account Status' section of your CIR
Payment history trend - if there has been any default or amount overdue. This is indicated in the 'Days Past Due' [DPD] field of your CIR
Company profile where you work - the banks generally have an approved list to whom they extend loan / credit card.
EMI to Income ratio : if your current total EMI exceeds your monthly salary by more than 50% then chances of getting loan are reduced. Let's take the help of an example to understand this further.

DETERMINATION OF ELIGIBILITY

Case 1 *

Income : 50,000
Total EMI's being paid : 10,000
EMI to Income Ration : 20% [10,000 / 50,000]
Rule of thumb EMI to Income Ratio: 50% [lenders assume you will need half salary for living expenses].
Total Borrowing Capacity : 50% *
50,000 = 25,000
Total Incremental EMI that individual can afford :
25,000 - 10,000 = 15,000
Basis this EMI, total additional loan that may be sactioned at an interest rate of 10% over 20 years = 15,00,000

LOAN APPLICATION IS LIKELY TO GET APPROVED

Case 2 *

Income : 1,00,000
Total EMI's being paid : 50,000
EMI to Income Ration : 50% [50,000 / 1,00,000]
Rule of thumb EMI to Income Ratio: 50%
Total Borrowing Capacity : 50% *
1,00,000 = 50,000
Total Incremental EMI that individual can afford :
50,000 - 50,000 = 0
Basis this EMI, total additional loan that may be sactioned at an interest rate of 10% over 20 years = 0

LOAN APPLICATION IS LIKELY TO GET REJECTED

Can CIBIL delete or change my records?

Can CIBIL delete or change my records?

CIBIL cannot delete or change records reflecting your CIR on its own; we simply collect records of individuals provided to us by our members (Banks and financial institutions). There are no ‘good’ and ‘bad’ credit or defaulters lists either.

CIBIL CREDIT SCORE AND LOAN BASIC QUESTIONS WITH ANSWERS:-

What is the CIBIL TransUnion Score 2.0?

What is the CIBIL TransUnion Score 2.0?

The CIBIL TransUnion Score 2.0 is a new, updated version of the Credit score which has been designed keeping in mind the current trends and changes in the consumer profiles & credit data. Banks are gradually switching to the new version and you may find a difference in the new version when compared to the earlier version (i.e., the score 2.0 may be lower than the earlier version). Please note, the score currently available to you is the earlier version. However, the difference in the Credit Score does not impact the credit decisioning during the Loan approval process as both the versions of the score may have a different score eligibility cut off while processing the loan application.

For example, if your Bank earlier used to sanction loans/credit cards to individuals with a credit score of 800 and above it may now lower its score cut-off, if it has switched to the new version.

The CIBIL TransUnion Score 2.0 also introduces a risk index score range for those individuals who have a credit history of less than 6 months. These individuals were categorized under the category of “No History- NH” in the earlier version. The score range is from 1-5, with 1 signifying “high risk” and 5 signifying “low risk”.

Score 2.0 summary and interpretation :

Score & Index	Interpretation (i.e., for whom does this score reflect)
NA or NH	Individual has no credit history & it has not been reported to us. Individual has no credit history but has only been enquired upon. Individual has credit history but none that is reported in the 24 months prior to enquiry. Individual has a credit history but it has not been reported to us in the last 24 months.
1-5	Individual has a credit history which is less than 6 months, hence a risk Index is returned Higher the index, lower the risk
300-900	An individual with a credit history of more than 6 months (in the last 24 months) Higher the score, lower the risk

CIBIL CREDIT SCORE AND LOAN BASIC QUESTIONS WITH ANSWERS:-

What does it mean when my Score is "NA" or "NH"?

What does it mean when my Score is "NA" or "NH"?

A Score of “NA” or “NH” is not a bad thing at all. These mean one of the below :

You do not have a credit history or you do not have enough of a credit history to be scored, i.e. you are new to the credit system

You do not have any credit activity in the last couple of years

You have all add-on credit cards and have no credit exposure

It is important to note that while these Scores are not viewed negatively by a lender, some lenders’ credit policy prevents them from providing loans to an applicant with Scores of “NA” or “NH” (applicants with no credit track record). Hence, you may have better chances applying for a loan elsewhere.

CIBIL CREDIT SCORE AND LOAN BASIC QUESTIONS WITH ANSWERS:-

What major factors affect my credit score?

What major factors affect my credit score?

There are 4 major factors that affect your score

Payment history

Making late payments or defaulting your EMIs or dues (recently or consistently) shows you are having trouble to pay your existing credit obligations and will negatively affect your score.
High utilization of Credit Limit While increased spending on your credit card will not necessarily affect your score in a negative manner, an increase in the current balance of your credit card indicates an increased repayment burden and may negatively affect your score.
Higher percentage of credit cards or personal loans (also known as unsecured loan) Having a balanced mix between the secured loans (such as Auto, Home loan) and unsecured loan (such as Personal loan, Credit Card) is likely to have a more positive affect on your score.
Many new accounts opened recently If you have recently been sanctioned multiple loans and credit cards, then lenders will view your application with caution because this behavior indicates your debt burden has increased increase, which will negatively impact your score.

CIBIL CREDIT SCORE AND LOAN BASIC QUESTIONS WITH ANSWERS:-

How can I improve my Credit Score?

How can I improve my Credit Score?

You can improve your Credit Score by maintaining a good credit history. This will be viewed favorably by lenders and it can be done with 6 simple rules :

Always pay your dues on time
Late payments are viewed negatively by lenders
Keep your balances low
Always prudent to not use too much credit, control your utilization
Maintain a healthy mix of credit
It is better to have a healthy mix of secured (such as home loan, auto loan) and unsecured loans (such as personal loan, credit cards). Too many unsecured loans may be viewed negatively.
Apply for new credit in moderation
You don’t want to seem Credit Hungry; apply for new credit cautiously
Monitor your co-signed, guaranteed and joint accounts monthly
In co-signed, guaranteed or jointly held accounts, you are held equally liable for missed payments. Your joint holder’s (or the guaranteed individual) negligence could affect your ability to access credit when you need it
Review you credit history frequently throughout the year
Purchase your CIR from time to time to avoid unpleasant surprises in the form of a rejected loan application

CIBIL CREDIT SCORE AND LOAN BASIC QUESTIONS WITH ANSWERS:-

What is CIBIL?

What is CIBIL?

Credit Information Bureau (India) Ltd; CIBIL is India’s first Credit Information Company, also commonly referred as a Credit Bureau. We collect and maintain records of individuals’ and non-individuals’ (commercial entities) payments pertaining to loans and credit cards. These records are submitted to us by banks and other lenders on a monthly basis; using this information a Credit Information Report (CIR) and Credit Score is developed, enabling lenders to evaluate and approve loan applications. A Credit Bureau is licensed by the RBI and governed by the Credit Information Companies (Regulation) Act of 2005.

CIBIL CREDIT SCORE AND LOAN BASIC QUESTIONS WITH ANSWERS:-

Why is my Credit Score important for getting my loan sanctioned?

Why is my Credit Score important for getting my loan sanctioned?

The CIBIL TransUnion Score plays a critical role in the loan application process. After an applicant fills out the application form and hands it over to the lender, the lender first checks the credit score and credit report of the applicant. If the credit score is low, the lender may not even consider the application further and reject it at that point. If the credit score is high, the lender will look into the application and consider other details to determine if the applicant is credit-worthy. The credit score works as a first impression for the lender, the higher the score, the better are your chances of the loan being reviewed and approved. The decision to lend is solely dependent on the lender and CIBIL does not in any manner decide if the loan/credit card should be sanctioned or not.

CIBIL CREDIT SCORE AND LOAN BASIC QUESTIONS WITH ANSWERS:-

CREDIT SCORE AND LOAN APPROVALS

CREDIT SCORE AND LOAN APPROVALS

APPLYING FOR A LOAN OR CREDIT CARD?

THE SCORE PLAYS A CRITICAL ROLE IN THE LOAN APPROVAL PROCESS.

The CIBIL TransUnion Score is a 3 digit numeric summary of your credit history which indicates your financial & credit health. The higher your score, the higher are the chances of your loan application getting approved!

Your CIBIL Credit information report (CIR) is provided to you along with your score, because it is the basis on which your Credit Score is generated. It's a record of your credit history. i.e past loans or credit cards availed from various loan providers who are members of CIBIL. For more information please go to the Frequently Asked Questions section.

WHAT GOES INTO THE LOAN APPROVAL PROCESS?

ONCE YOU HAVE YOUR SCORE, CHECK YOUR ELIGIBILITY FOR LOAN AND CREDIT CARD OFFERS ON CIBIL XPRESS ACQUIRE.

BUY CREDIT SCORE

APPLY FOR A LOAN

IF YOU WISH TO PURCHASE ONLY YOUR CIBIL CIR FOR 159/-. PLEASE CLICK ON 'DOWNLOAD FORM' AND FOLLOW THE INSTRUCTIONS. CLICK HERE TO GO THROUGH THE DOCUMENTS REQUIRED TO BE SENT ALONG WITH THE FORM.

What is CIBIL?

What is CIBIL?

CIBIL Facts

Credit Information Bureau (India) Limited or CIBIL is a Credit Information Company (CIC) founded in August 2000. Post Inception, we have come to play a critical role in India’s financial system. Whether it is to help loan providers manage their business or help consumers secure credit faster and at better terms, the use of CIBIL’s products have led to a massive change in the way the credit life cycle is managed by both loan providers and consumers.

So what exactly do we do?

CIBIL collects and maintains records of an individual‘s payments pertaining to loans and credit cards. These records are submitted to CIBIL by banks and other lenders, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit scores which are provided to lenders in order to help evaluate and approve loan applications.

What is our role in the Loan Approval Process?

CIBIL’s products, especially the CIBIL TransUnion Score and the CIR are very important in the loan approval process. The credit score helps loan providers quickly determine, who they would like to evaluate further to provide credit. The CIBIL TransUnion Score ranges from 300 to 900. Our data indicates that loan providers prefer credit scores which are greater than 750.

Once the loan provider has decided which set of loan applicants to evaluate, it analyzes the CIR in order to determine the applicant's eligibility. Eligibility basically means the applicant's ability to take additional debt and repay additional outflows given their current commitments.

Post completion of these first 2 steps the loan provider will request for the applicant's income proof and other relevant documents in order to finally sanction the loan.

What this means for you as an individual

Since, the credit score and CIR not only helps loan providers identify consumers who are likely to be able to pay back their loans, but also helps them to do this more quickly and economically. This translates into faster loan approvals.

Until recently, there was little visibility and transparency with regards to the loan approval process and the elements that loan providers used to evaluate your loan application. Since, CIBIL has made your credit score and CIR available to you, you will be able to see how valuable a customer you are to loan providers.

In alignment with our creed, CIBIL empowers both loan providers and individuals to see their world more clearly and hence, take better and more informed decisions.

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CIBIL Check by PAN Number:-

Having Dispute with Banks while Applying Loan - FreeCreditHelp.in (Money Life Foundation)

Get Free Cibil Credit Score Report Check Online - freescoreindia.com

just go to : www.freescoreindia.com

Video : Loan Approval Process

WHAT DO THE BANKS BROADLY CHECK FOR?