Mumbai, 10th August, 2016: HDFC Ltd. goes live on CIBIL Consumer Connect solution
Credit Information Bureau (India) Limited (CIBIL), India’s leading credit information company, today announced a unique offering for HDFC Ltd. customers. HDFC Ltd. has implemented the CIBIL Consumer Connect solution through which its customers can now purchase their CIBIL Score and Report directly on its website within seconds.
Mrs. Renu Karnad, Managing Director, HDFC Ltd said, "We are committed to partnering in the financial journey of our customers by helping them make decisions that assist with their goal of purchasing a home. Given that the CIBIL Score & Report is important in our decision to lend, creating awareness and providing quick access to their own CIBIL Score on our website is a step in that direction. Regular monitoring of one's CIBIL Score and Report will help ensure that there are no surprises when one applies for a loan at HDFC.”
CIBIL Consumer Connect solution assists credit institutions in connecting better with their customers in order to improve customer delight and build a loyal customer base while driving consumer awareness on credit discipline.
While explaining the CIBIL Consumer Connect solution Mr. Satish Pillai, Managing Director and CEO, CIBIL said, “Our motive is to create information solutions that help drive growth for the credit industry while fuelling faster, easier and cheaper access to finance for the consumers. CIBIL Consumer Connect is a unique solution that can help credit institutions in enhancing customer delight and propagating awareness and financial literacy on credit management.”
The CIBIL Score and Report has become one of the most trusted indicators of an individual’s credit risk and repayment capability and therefore today almost no loan or credit card gets sanctioned without checking the applicants CIBIL Report and Score. By accessing and understanding their CIBIL Score and Report - consumers are able to better manage their credit history and ease their access to finance in the form of loans and credit cards. CIBIL data indicates that more than 79% of new credit is sanctioned to borrowers above a score of 750. It is important that borrowers therefore access their CIBIL Score and report regularly to assess their own creditworthiness
CIBIL is India’s leading credit information company. It creates immense value for financial institutions by providing objective data and tools to help them manage risk, and devise appropriate lending strategies thus reducing cost and maximizing portfolio profitability. CIBIL benefits both credit grantors and consumers by collecting, analyzing, and delivering information on credit histories of millions of borrowers. It provides its members with information on both consumer and commercial borrowers, thus enabling them make sound credit decisions across both individuals and businesses. It also provides services and education to consumers to help them better manage their finances.
To know more about CIBIL visit www.cibil.com