Become a TransUnion CIBIL Member
TransUnion CIBIL Limited (Formally known as Credit Information Bureau (India) Limited) is a Credit Information Company (CIC) founded in August 2000, which played a critical role in India’s financial system post Inception. The use of CIBIL’s products & Services have led to a massive change in the way the Credit Life Cycle is managed, when it comes to assisting the loan providers to manage their business or the consumers to secure credit at a faster pace and at better terms. If you are a credit institution.
Membership Types:
Specified user as per CICRA
As per CICA guidelines Clause every credit institution registered RBI is mandated to become a member of all Credit Information Companies
| Sr. No | Specified user (Member) as per CICRA | Type | Governing Act / To be registered with |
|---|---|---|---|
| 1.1. | Credit Institution |
|
Reserve Bank of India |
| 1.2. | Credit Institution | Non company -banking financial (NBFC) | Reserve Bank of India Act |
| 1.3. | Credit Institution | Public financial institution | Companies Act |
| 1.4. | Credit Institution | Financial corporation established by a state | State Financial Corporation Act |
| 1.5. | Credit Institution | Housing Finance Institution | National Housing Bank Act |
| 1.6. | Credit Institution | Credit Card companies | - |
| 2. | Insurance company | - |
|
| 3. | Cellular or phone services Company | - | Registered with Telecom Regulatory Authority of India |
| 4. | Stock broker | - |
|
| 5. | Trading member | - | Registered with recognized commodity exchange |
Membership documents eligibility and submission requirements – Credit Institution/SU
Constitutional documents requirement:
|
Membership Pricing:
| Category | Amount(INR) | GST @ 18% (INR) | Total(INR) |
|---|---|---|---|
| Membership Fee | 10,000 | 1,800 | 11,800 |
| Annual Fee | 5,000 | 900 | 5,900 |
| Total(INR) | 15,000 | 2,700 | 17,700 |
Payment Details:
- Payee – Name: Transunion CIBIL Limited
- Bank: HDFC Bank Limited
- Account No 00602050002971
- IFSC HDFC0000060
- MICR 400240015
- Branch Fort
You can conveniently pay through –
Net Banking Debit / Credit card UPI
If you fall under any of the above categories, please initiate the membership process by sharing your contact details through Contact us or call us on 022– 62358100 between 9:30 AM to 6:30 PM (IST) – Monday to Saturday, Excluding 2nd & 4th Saturday and public holidays
You can also courier us the physical copies to: Transunion CIBIL Membership Team, TransUnion CIBIL Limited, One World Center, 19th Floor, Tower 2A, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013.
Membership fee and annual fee payment to be made by cheque/demand draft to be issued in favour of “TransUnion CIBIL Limited”
Benefits of TransUnion CIBIL Membership:
- Regulatory Compliance - Becoming a member of a credit information bureau ensures your organization’s compliance with the Credit Information Companies (Regulation) Act 2005. The Act stipulates all credit institutions, including NBFC’s, banks and other financial institutions, should be a member of a Credit Information Bureau.
- Objective credit decisions – Shifting from relationship-based to information-based lending equips lenders to provide terms best-suited to a consumer’s payment track record and ability to take on additional leverage — while mitigating the consequences of adverse selection.
- Faster credit decisions – Enhances a credit institution’s ability to expand while maintaining credit portfolio quality.
- Speed and cost – Use of TransUnion CIBIL CIRs helps make home loan processing faster and cheaper by eliminating the need to research and verify borrower details. This results in improved profit margins.
- Differential pricing – Members can distinguish good borrowers and defaulters. In an increasingly commoditized credit market, credit grantors will be able to use price in order to differentiate their loan products.
Become a member today to take advantage of valuable, data-driven credit information that can prove extremely beneficial to your day-to-day lending practices and strategic decisioning.
Contact us:
If you have any further queries to complete your membership onboarding, please contact us on 022– 62358100 between 9:30 AM to 6:30 PM (IST) – Monday to Saturday, Excluding 2nd & 4th Saturday and public holidays. You can also write to us by clicking on Contact us.
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