9 July 2025 - postingstock@gmail.com
Top Posts
Can Your Industrial Paint Booth Really Handle Both...
Understanding the Role of an FMLA Lawyer and...
Why That Foot Cramp Might Be More Than...
Exciting Games at PG Slot with Easy-to-Get Maxwin...
Custom vs. Modular Exhibition Stands: Choosing the Perfect...
Can A Family Lawyer Represent You in a...
Common Drywall Repair Mistakes and How to Avoid...
slot gacor Terbagus dengan Teknologi Terbaru
What is the current price of Bitcoin? Risk...
How Durable is the Trezor Wallet? A Deep...
Posting Stock – Home Improvement & Technology
  • Home
  • Business & Trade
  • Gaming & Sports
  • Politics and Legal
  • Services
  • Privacy
  • Contact Us
Banking & FinanceBusiness & Trade

Credit Bureaus in India – CIBIL vs Equifax vs Experian vs CRIF

by singhkirti January 25, 2022
by singhkirti January 25, 2022

Credit Information Companies (CICs), often known as credit bureaus, are licenced by the Reserve Bank of India to collect and retain credit data for both individuals and businesses in India. These businesses then use this data to generate credit reports and credit ratings for individual consumers across a wide range of lenders and loan kinds. Despite providing similar services, the four credit bureaus differ in significant ways. Among the four credit scores, the Cibil score online is the most widely used in India.

Currently there are 4 credit bureaus in India, that are listed below:

  • TransUnion CIBIL
  • Equifax
  • Experian
  • CRIF Highmark

1. TransUnion CIBIL

TransUnion CIBIL was founded in the year 2000 and is India’s first and most well-known credit bureau. In India, CIBIL members include all major banks, financial institutions, home financing companies, and non-banking financial organisations (NBFCs). It collects and maintains credit data on over 1000 million people and companies. Using credit information collected across its three divisions: Consumer Bureau, Commercial Bureau, and Micro Finance Institution Bureau, CIBIL generates Credit Information Reports (CIR) and CIBIL Scores for individuals and CIBIL Commercial Reports and CIBIL Ranks for commercial companies.

2. Equifax

Equifax India is a joint venture between Equifax Inc. of the United States and seven major Indian financial institutions. It was established in Mumbai in 2010 as a Credit Information Company. It aggregates credit information for individuals and corporations using Credit Information Reports and Credit Scores and offers it in a practical and intelligible format. Equifax also has a specific bureau focused on the growing lending and regulatory demands of Microfinance Institutions.

3. Experian

In 2010, Experian became the first credit bureau to be licenced under the new Credit Information Companies (Regulation) Act (CICRA) 2005. Experian India offers its own credit report and score that people and businesses can utilise. Its research, business solutions, and analytic tools can help you make informed credit decisions.

4. CRIF Highmark

CRIF Highmark, situated in Mumbai, bills itself as India’s first full-service credit bureau, offering comprehensive credit information to all sorts of borrowers in the country, including MSME (Micro Small and Medium Enterprises), retail customers, commercial, and institutional borrowers. In addition to credit reports and ratings, this credit bureau offers insights, analytics, database administration, and related software solutions to banks, MFIs, NBFCs, Housing Finance Companies, Insurance Companies, Telecom Service Providers, and others. 

The secret formulas used by each bureau to calculate a person’s cibil score varies, and the exact breakdown of these components is unknown. As a result, a person’s cibil score can differ from one credit bureau to the next.

Differentiation Between The 4 Bureaus

BASIS CIBIL EQUIFAX EXPERIAN CRIF
Registration Year Registered in 2000 Registered in 2010 Established in 2006 but got licensed in 2010 Got Licensed in 2010
Report  Charges CIBIL charges INR500 for a credit report.

However, you can check your CIBIL report on various websites for free.

EQUIFAX offers one free report every year, and charges INR400 for every report after that. It charges INR100 + taxes. For an EXPERIAN report. CRIF report is available at INR399.
Time Taken to Prepare Credit Report  It is available online through the CIBIL website. If you request a complete credit report using the Equifax mobile app, you will receive it through email within one day. The report is available online on the EXPERIAN website CRIF report is sent instantly to your email address

 

Despite the fact that the cibil score created by each of the four credit information providers varies, the credit reports and credit scores generated by each are equally authentic. Because all credit bureaus receive the same information from lenders like banks and financial institutions, this is the case. All four credit bureaus have been awarded licences by the RBI: CIBIL, Equifax, Experian, and CRIF Highmark.

Read Also:- How To Calculate Housing Loan EMI India?

Post Views: 739
check cibil scorecibil logincibil reportcibil scorecibil score checkcibil score onlinecredit scorecredit score checkfree cibil scoreonline cibil score
Share
singhkirti

previous post
How to Convert PST Emails to Thunderbird without Outlook?
next post
Cybersecurity For The Time After COVID

Related Posts

Can Your Industrial Paint Booth Really Handle Both...

April 27, 2025

Custom vs. Modular Exhibition Stands: Choosing the Perfect...

February 15, 2025

What is the current price of Bitcoin? Risk...

December 21, 2024

How Durable is the Trezor Wallet? A Deep...

December 16, 2024

A Business Development (BD) Job Title at Xenex:...

November 15, 2024

The Impact of Small Business Startup Loans on...

October 10, 2024

DOGS Price Surge: Key Drivers Behind DOGS’s RiseIntroduction...

September 2, 2024

Student Loan Attorney NJ: Expert Legal Help for...

August 28, 2024

Fixed Deposits for Education Planning: Securing Your Child’s...

August 11, 2024

Beginner’s Guide to Investing in AIcoin on MEXC

August 5, 2024

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Can Your Industrial Paint Booth Really Handle Both Painting and Curing?

    April 27, 2025
  • Understanding the Role of an FMLA Lawyer and How They Can Help You

    March 27, 2025
  • Why That Foot Cramp Might Be More Than Just Dehydration—Insights From A Foot and Ankle Specialist Near Me

    February 17, 2025
  • Exciting Games at PG Slot with Easy-to-Get Maxwin Jackpot

    February 17, 2025
  • Custom vs. Modular Exhibition Stands: Choosing the Perfect Fit for Your Brand

    February 15, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Categories

  • Automotive (94)
  • Banking & Finance (143)
  • Business & Trade (943)
  • Computers and Technology (471)
  • Digital Marketing (126)
  • Education & Reference (171)
  • Family & Relationship (47)
  • Fashion & Lifestyle (252)
  • Featured (142)
  • Food & Drink (67)
  • Gadgets & Accessories (28)
  • Gaming & Sports (72)
  • General (3)
  • Health and Medical (464)
  • Home Improvement (226)
  • Kids and Teens (41)
  • Movie and Entertainment (81)
  • News and Society (25)
  • Pets and Animals (21)
  • Politics and Legal (82)
  • Real Estate (101)
  • Services (347)
  • Travel and Leisure (140)

About Us

Welcome to Posting Stock. Our team of experts writes quality content about Stock and other niches. Produce relevant, engaging, informative samplings of top News for Visitors. Posting Stock produces highly ranked links to major search engines with human-readable content.

For Quick Response Contact Us at:


support@postingstock.com

For Advertisement:

postingstock@gmail.com

Featured Posts

  • How to Pick the Perfect Flooring for Balcony

  • Top Assignment Editing And Proofreading Approaches By Experts

Recent Posts

  • Can Your Industrial Paint Booth Really Handle Both Painting and Curing?

  • Understanding the Role of an FMLA Lawyer and How They Can Help You

@2019 - All Right Reserved by Posting Stock

Posting Stock – Home Improvement & Technology
  • Home
  • Business & Trade
  • Gaming & Sports
  • Politics and Legal
  • Services
  • Privacy
  • Contact Us