Become a Member
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 continues to play a critical role in India’s financial system post inception of the company. The use of CIBIL’s products and services have led to a massive change in the way the credit lifecycle is managed as it pertains to assisting loan providers in managing their businesses and it also assist consumers in securing credit at a faster pace and better terms.
Membership Types:
Membership documents eligibility and submission requirements – Credit Institution/SU
- RBI Certificate / RBI License
- Certificate of Incorporation
- Company PAN Card
- GST Certificate/ GST Declaration
Membership related documents to be submitted post eligibility checks.
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 or UPI
Membership fee and annual fee payment can also be made by cheque/demand draft which needs to be issued in favour of “TransUnion CIBIL Limited”
If you fall under any of the above categories, please initiate the membership process by sharing your contact details through Contact us.
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
Benefits of TransUnion CIBIL Membership:
- Regulatory Compliance - Becoming a member of a credit information bureau helps 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 to become the 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 – A credit institution’s ability to expand while maintaining strong credit portfolio quality can be significantly enhanced.
- Speed and cost – Use of TransUnion CIBIL credit reports / score helps to make loan processing / credit decisioning faster. This results in improved profit margins.
- Differential pricing – Members can distinguish good borrowers from defaulters. In an increasingly commoditized credit market, credit grantors can use price 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, you can write to us by clicking on Contact us.
Contact Us
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