CIBIL Report - Explained in Hindi - YouTube

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Namaskar! my name is Mukul

and you are welcome to the Asset Yogi channel

where we unlock the finance-related knowledge instead of locking it.

I had done a complete video series on CIBIL score,

we've discussed the CIBIL score in quite a detail

How can you check the CIBIL score online?

What is the meaning of the CIBIL score?

how does calculation happen?

how can you improve the CIBIL score?

If you want to watch all those videos

then you'll get the links in the description below.

When you check the CIBIL score

then you get a complete credit report

in this video, we'll see in that report what information you get,

some abbreviations are used in that

NA, NH, XXX

so what is the meaning of all of these?

and whatever information you get

what is the meaning of that?

how can you interpret that?

So you must watch this video till the end.

Let's go straight to the blackboard.

In this video,

am going to show you the content of paid CIBIL report.

So when I bought this CIBIL report

after that, I've done login in the member section,

and after that, you'll see this kind of credit score.

For example, my current score is 860

and I've told you before also in previous videos

it lies between 300 and 900

as high or as near 900 your score will be

your credit score would be considered that good.

Here you're seeing the bands

so top 19% people have their score

between the range of 825 to 900.

A score above 750 is considered a good score

you'll get a loan quite easily.

In fact, 80% of loans are disbursed to those who have a credit score above 750.

It is possible that you don't get a score,

you may get to see NA.

The meaning of NA is no credit activity in the last couple of years.

Maybe you haven't taken any kind of credit or loan

in the last 3-4 years

then this score is not available,

Then it may show NA.

It can show you this NH also,

If you never have taken any loan

or you've used very less credit

or you've used a credit card for a very negligible time

then this may show you no credit history.

So if you've taken a loan or credit card for over a long period of time

which you've used.

Let's say for 6 months or 1 year you've used any of them

then your credit history is stars to be created

and your credit score starts to build up.

So on the front page, you get this credit score

after that, you get this Credit Summary

here you can see, you're getting these six things,

first of all, this shows your current balance.

This shows your current balance here

I've hidden the current balance for now.

So whatever are your total outstanding balances of active accounts,

whatever loans you've taken, credit cards, or any kind of loan,

be it a home loan, personal loan, gold loan

any kind of credit you have.

So whatever is total outstanding that will be shown here.

Then it shows your Late Payments here.

The meaning of late payment is the count of your late payments.

In the last three years,

as many times you've done late payments in all accounts

that number will be shown here.

Then it shows a utilization ratio here.

The meaning of utilization ratio is that,

whatever is your total credit limit

assume in a credit card the limit is 50,000

then if you use all the 50,000

then your utilization goes very high,

that means you are using a high credit very much.

So now in my case, it is 0%

which is fine.

Then Account opened in last 3 years

so as I opened 2 accounts,

so the meaning of 2 accounts is

either I've taken 2 loans or 1 credit and 1 loan.

So in the last 3 years, how many new accounts I've opened?

How many Enquiries have I've done?

The meaning of enquiries is in the last 3 years,

how many times the CIBIL score is asked by any banks or NBFC?

So if I generate credit enquiries many times

then that has a negative import on the CIBIL score.

I've told you this in my previous videos.

Then the meaning of Depth of Credit is that

whatever oldest credit card or loan I had taken,

when I had taken that?

So I had taken 9 years ago,

and my credit history is maintained for 9 years.

so you get a time period here.

Then here this shows you Available credit here.

The meaning of available credit is

difference between high credit field for all active credit cards

and total outstanding balances.

That means if you are not doing your payments on time,

especially of credit cards, then that will also have a negative impact

If you are using very much credit,

The meaning of high credit is

you're using completely whatever is your credit limit

and your outstanding balances are also very high

that means you are using high credit and not doing payments on time,

then this has a huge negative impact on your credit score.

So now we talk about the credit report.

When you log in you'll first see the credit score

then you get a credit summary,

now comes quite a detailed credit report.

First, you'll get your credit score here,

here you see a control number of every credit information report,

we call it CIR, credit information report.

It is a unique number of each information report,

if you want to raise any dispute,

then this becomes a reference number in a way.

As I told earlier that credit score lies between 300-900

here also this information has been repeated.

We already knew about NA and NH.

Ahead of this, you get your personal information,

in personal information comes your name, Date of Birth, Gender,

your identity prooves comes here

basically, numbers for example my PAN number and voter id are mentioned here.

Then after that, you get contact information,

your latest 4 addresses are mentioned here

along with the date of reporting.

These may be residential or official addresses.

Your office phone number

and house phone number or mobile number also updated as well

So, this is the basic information which you'll get in each report.

Similarly, this is one more basic piece of information

employment information, Right!

So you are from a salaried class or you work on your own

whatever is your occupation is mentioned is here.

The latest monthly income is also reported here.

Then the next section comes account information

This is the most important section,

I am writing here also.

Here only you'll get all the details

for example, I am showing you the information of one particular account

It is a loan from ICICI bank

So here we get all the information about this

so it is a housing loan, the account number is mentioned here.

It is a joint loan,

so whether it is a joint loan or single, it is mentioned here.

Then see in the account details what is mentioned?

This credit limit is for the credit card,

what is the total credit limit is on your credit card,

so here it is not applicable, this is a housing loan.

Then the sanctioned amount is mentioned here,

that many lakhs of loan I've taken?

Assume 15, 20, 25 lakh, whatever it is

Current balance means if this report is generated on 25 May 2018

then what is my current balance on today's date?

After that, the cash limit is also for the credit card.

Amount overdue means if you haven't done any payment on time

then how much overdue is left.

What is the rate of interest on the loan?

Repayment Tenure, for how much time you've taken the loan?

So you see here these things are not reported,

maybe ICICI bank has not reported these.

This is the EMI amount, it can also be mentioned here,

Maybe it is not mandatory that's why ICICI bank has not mentioned it here.

What is your payment frequency?

monthly, quarterly, or whatever, it is get mentioned here

How much is your Actual payment amount?

Whatever is your EMI,

if you've done less payment, then it gets mentioned here.

On what day you've opened this account,

means on what day you started this loan

means your loan's disbursement date gets mentioned here.

If your loan gets closed, then the closing date comes here.

When did you do the last payment?

In my case, it was 30 April 2018.

Date reported and certified,

so ICICI bank has reported this on 30 April itself.

After this, your value of collateral comes

for example, assume it is a housing loan

then how much is the value of the house, should get written here.

In this case, it is not mentioned here.

Type of collateral,

what kind of collateral is this,

whether it is a car, house, property, or gold

means this information comes in the case of a secured loan.

Right!

If you've done any kind of dispute

if any kind of court case is continued

then that detail comes here.

Then Written-off Status,

See these four things are important.

Written-off status means if you default on any loan,

then that will be mentioned here.

and how much amount you've defaulted, will be mentioned here.

And here it is basically the principal amount.

So here the meaning of total is principal + interest

Right!

and how much amount of principal you've defaulted?

So it viewed very negatively,

if you haven't paid any loan or defaulted,

then in a way, it will become a black mark on your CIBIL score.

Your CIBIL score will be less until then you will do a payment of this.

Second, you pay a little attention to the settlement amount,

the settlement amount is, if you don't do full payment of any amount

you settled it by the bank by doing a partial payment.

So the meaning of partial payment is also that you haven't done full payment

If you go for another loan then it'll also have a negative impact.

So written-off means default

and settlement amount has a huge impact on the CIBIL score,

so if you are going to settle any account, credit card, or loan

pay it completely then only your CIBIL score can increase

otherwise, your CIBIL score will remain less.

There is one more thing many times if you want to raise a dispute,

then you can raise the dispute.

The option to raise the dispute is on the website of the CIBIL

You can raise a dispute when you've closed an account

you had any outstanding and you've paid them

but the bank has not reported in the CIBIL.

Right!

So in this way, you can raise the dispute.

On whichever section you'll raise a dispute,

a red band will be shown there.

CIBIL will show there a red band

until then a confirmation does not come from the bank.

CIBIL does not settle any dispute from its own

you remember that.

Unless the bank confirm this, it will show a dispute

and a red band will be shown there.

After this, in the account information

you get the next section of payment status.

In the last three years how you've done payments

in a particular account.

For example, I am showing you the details of a credit card's account

Here it is given last three years.

So I've taken only the upper section here

you can see here 0, 0, 0, are mentioned.

That means there were not any kind of dues in that month,

and the payments have been done timely.

You can see here different kinds of abbreviations

let's see them once.

First of all, Days Past Due

If here it is written 0

so that means zero is date past due

It can be 000 also,

so zero-days due means, you're doing the on-time payment.

If it is any other number instead of 0

that means that payment is not done on time.

so if here 050 is written then it means 50 days past due,

so it has been 50 days above the due dates.

After this, STD can be written

STD means standard payments made within 90 days.

If you paid before 90 days then we call it standard payment.

After this SUB comes which means Sub-standard

If any payment is done after 90 days

after 90 days of the due date

then that is called sub-standard.

Then there is an SMA which we call a Special Mention Account.

The special mentioned account is

that basically is going towards substandard from standard.

From standard to substandard means,

Let's say your dues are of 50 days, right.

So if it's 50 days then in a way it's a special mentioned account.

This is going towards substandard from standard.

Then there can be DBT, which means doubtful.

If an account becomes substandard and stays for 12 months then,

it's put in the doubtful category.

LSS means, in an account loss is identified.

That loss is not being repaid. Assume,

there is no EMI being paid in an account, then the bank can mention LSS.

So these are all details of account information.

I have shown you the details of a particular account. Assume your

four accounts are running, maybe 3 are of loan and one is of a credit card.

Maybe you have four loans and 2 credit cards also, so you have six accounts.

So we can get detailed information for each account.

But if you see it in free, then you get it in summarized form

like this, I showed you the details.

You don't get that many details in it.

Now let's see the next section, which is enquiry information.

As I said before if you do a lot of enquiries,

then it has a negative impact on the CIBIL score.

Negative impact happens cause of many enquiries.

A lot of enquiries means if you,

want to take a lot of credit cards, a lot of personal loans

especially if you take an unsecured loan,

if you take a lot of personal loans and credit card loans

then there is a negative impact on your CIBIL score.

But if you take a secured loan for example,

be it home loan, car loan, or gold loan,

their impact on CIBIL score is a bit low. In fact,

if you timely pay your secured loan then your CIBIL score gets quite good.

So try not to generate a lot of enquiries. So as many times

you'll generate enquiries for loans in banks,

they will go to CIBIL to generate score that many times.

So CIBIL will get an indication this person is showing a high credit hungry behavior

Credit hungry behavior means that you

want to take a lot of unsecured loans like credit card loans.

which has a negative impact on CIBIL score.

So you get all this information in a paid credit report.

So as I said you get detailed information in a paid credit report.

Otherwise, if you only want a summary, that you can get in free

make a member login. If you haven't watched my video about how to check CIBIL score for free,

then watch that video for sure. You'll get the link in the description

I hope you enjoyed the video so do like and share,

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then you can do it in the comment section.

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