India’s first personal loan score will enable the granters to take quick and confident decision on personal loans. The personal loan score provides lenders with greater predictability in making more loans to creditworthy applicants. This move will create greater credit awareness, higher credit penetration and a more informed consumer who understands the importance of maintaining a healthy credit life cycle, definite win-win for the Indian customers, credit granters and the economy.
ABOUT CIBIL: CIBIL (Credit Information Bureau (India) Limited) is India’s first credit information bureau. CIBIL creates immense value for financial institutions by providing objective data and tools to help them manage risk and device appropriate lending strategies, thus reducing costs and maximizing portfolio profitability.
ABOUT TRANSUNION: It is a global leader in credit and information management. Transunion creates advantages for millions of people around the world by gathering, analyzing and delivering information.
