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TransUnion CIBIL Limited is India’s Credit Information that is first Company

1. What exactly is TransUnion CIBIL? So what does it do?

TransUnion CIBIL Limited is India’s first Credit Information Company, additionally commonly introduced as being a Credit Bureau. We collect and keep maintaining documents of individuals’ and entities that are commercial re payments related to loans and bank cards. These documents are submitted to us by banking institutions along with other loan providers for a basis that is monthly by using this information a CIBIL get and Report for people is developed, which allows loan providers to gauge and approve loan requests.

A Credit Bureau is certified by the RBI and governed by the Credit Information businesses (Regulation) Act of 2005. Continue reading