What is CIBIL Microfinance Score and Report? sub-tab
What is CIBIL Microfinance Score and Report?
Your CIBIL Microfinance Score is a 3-digit numeric summary of your credit history that indicates your creditworthiness and demonstrates your ability to repay a loan. CIBIL Microfinance Score ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved.
Your CIBIL Microfinance Report (also known as MFI CIR i.e. credit information report) is a record of borrowers financial history compiled from information received from banks/financial institutions. It includes credit enquiries, open and closed credit accounts, personal & employment information and payment history across Microfinance loans.
What is in your CIBIL Microfinance Score & Report?
CIBIL Microfinance Score & Report is your all-in-one solution for tracking credit health and staying credit ready. Here’s what you get:
- Consumer Information section shows the data available in the microfinance bureau such as names, date of birth, gender, govt identifiers and addresses, as provided by the banks/financial institutions.
- Score section shows the CIBIL Microfinance Score.
- Account Information section shows the account details such as delinquency, bank name, current outstanding balance etc.
- Recent Enquiries section shows the enquiries done by banks/financial institutions up to the past 36 months