CIBIL is the Largest Credit Bureau in India as on date. In association with Transunion, they’ve been providing CIBIL Transunion Scores to consumers directly since Q2, 2012. Since 2008-09, CIBIL Scores were provided only to financial institutions to help evaluate the consumer. Many of you asked us – How CIBIL Score is Calculated and the Methodology for the same? [We had to touch base with several leading Banks, CIBIL and Institutional Finance experts to answer your question]

If you don’t know what a CIBIL Transunion Score is, kindly read the same here.

How is CIBIL Transunion Score Calculated ?
There are various factors which influence the score such as payment history, outstanding debt, length of credit history, number and types of loan accounts, utilization, applications for new credit etc. However, it is important to note that each member i.e. Banks, NBFCs etc (that chooses to use the CIBIL Score) has

Over the past few years, CIBIL has substantially increased its member base as well as borrower base. The members are banks, NBFCs and housing finance companies who provide borrower data to CIBIL. CIBIL now has 800 members with a database of 135m borrowers and 230 individual consumer loan accounts [20% of Indian Population] We’d like to explain in-depth about what CIBIL Transunion Score is and how is it calculated.

What is CIBIL Transunion Score ?
CIBIL score is an objective numeric summary of the credit report generated on an individual. It takes a “snapshot” of a consumer’s CIR (Credit information report) and with the use of advanced analytics moulds the information into a 3 digit number representing the probability that a consumer will default on a credit facility over the next 12 months. The possible score ranges between 300-900.

Sample CIBIL Score is as Shown in the Report Below