CIBIL
Regardless of how much income one happens to have, all banks and financial institutions base their loan eligibility criteria on certain important factors as informed by the Credit Information Bureau Limited (CIBIL) of India. All details of a borrower’s loan and credit card, are shared by the bank with CIBIL, which in turn shares this [...] Continue Reading »
State Bank of India (SBI) has planned to speed up the home loan approval process by making it online. Now, the national bank will approve the loan amount online by linking it with Credit Information Bureau of India (Cibil). For doing so, the bank is thinking of finalising the service providers who will enable the [...] Continue Reading »
According to a study by credit rating agency, CIBIL, home loan enquiries increased by more than 18 per cent in the first quarter of 2012. This shows that demand for home loans have increased as more consumers are seeking home loans. Home loan enquiries have more than doubled from first quarter of 2007 to third [...] Continue Reading »
The Credit Information Bureau of India, or Cibil, says that there is a less chance for home loan defaulters, as most individual borrowers taking home loans from banks have very high credit scores. Cibil provides home loan for individual borrowers. The CIBIL Transunion Score is a three-digit number ranging between 300 and 900 assigned to [...] Continue Reading »
Home loan seekers can access their credit information details from the Credit Information Bureau (India) Ltd (CIBIL). Credit Information Reports (CIRs) of CIBIL have become an important tool for banks and housing finance companies. They provide vital information on the credit history of applicants. A home loan application was liable to be rejected on account [...] Continue Reading »
