YOU’RE RUNNING A BUSINESS AND NEED A LOAN? Understand why your CIBIL RANK and Company Credit Report (CCR) matter!
WHAT IS THE CIBIL RANK?
The CIBIL RANK, summarizes your CCR in the form of one number. The rank is similar to the CIBIL Score provided for individuals. However, it is provided from a scale of 1 to 10, where 1 is the best rank that can be achieved. The rank is only provided to businesses that have credit exposure of Rs. 10 lakh to Rs. 10 crore.
Most importantly, CIBIL Rank indicates your company’s likelihood of missing payments, which is one of the key factors considered by a lender while evaluating a loan application. The closer your rank is to 1, the better are your chances of securing a loan.
WHAT IS YOUR CIBIL CCR?
A CIBIL CCR is a record of your company’s credit history. This is created from data submitted to CIBIL by lending institutions across India. The past payment behaviour of a company is a strong indication of its future behaviour. It is therefore important to understand that the CCR is heavily relied on by loan providers to evaluate and approve loan applications.
If you wish to purchase your CIBIL Company Credit Report (CCR) through Demand Draft (DD), please "DOWNLOAD" and follow the instructions.