The company CIBIL score is a summary of your Company Credit Report (CCR), presented as a single number.
Company CIBIL Score
A company CIBIL score and report reflect the creditworthiness of an enterprise, institution, or corporation. Similar to individuals who have a consumer CIBIL score, companies with liabilities of up to ₹50 Crores can review their credit history, repayment patterns, and financial behavior through their company CIBIL report.
What is a Company CIBIL Score
The company CIBIL score is a summary of your Company Credit Report (CCR), presented as a single number. This score, also referred to as a rank, ranges from 1 to 10, where a lower rank indicates better creditworthiness.
TransUnion CIBIL collects repayment data from various lenders to generate the company CIBIL report. The commercial CIBIL score is determined based on credit utilisation and repayment history.
Key Features of a Company CIBIL Score:
- The rank ranges from 1 to 10, with 1 being the best score.
- Available for companies with a current credit exposure of up to Rs. 50 crore.
- Reflects repayment behavior, which is a critical factor for lenders assessing loan applications.
What is a CIBIL Company Credit Report (CCR)
The CIBIL CCR is a comprehensive record of a company’s credit history, compiled from data submitted by lenders across India. Since past repayment behavior is a strong indicator of future financial conduct, lenders rely heavily on the CCR to evaluate business loan applications.
How to Check Your Company CIBIL Score
Your company’s GST report comes integrated with your Company Credit Report (CCR) and CIBIL Rank, providing a complete view of financial and credit health. You can access this report using GSTIN authentication during registration.
Follow these steps to check your company’s CIBIL score:
1. Visit the official CIBIL website and navigate to the ‘Products & Services’ section
2. Click on ‘CIBIL Rank and Company Credit Report’
3. Select ‘SUBSCRIBE NOW’
4. Choose from three available plans:
- Basic: 1-month access
- Standard: 6-month access
- Premium: 12-month access
5. Click on ‘Get for One Month,’ ‘Get for 6 Months,’ or ‘Get for 12 Months’ based on your requirement
6. Click on ‘Enter GSTIN and Go Paperless’ option, after entering the company’s GSTIN
7. If you do not have a GSTIN, click ‘Continue without GSTIN to upload documents’
8. Verify company details (name, address, PAN). Fill in any missing details and proceed.
9. Tick the checkbox and click ‘Submit and Continue to Step 2’
10. Choose your preferred mode of payment and complete the transaction
11. After payment, you will receive an email with your transaction ID and registration details
12. Upload KYC documents
13. Your company CIBIL report and score will be sent to your registered company address within seven working days
Benefits of Getting a Company Credit Report
Your CCR offers several advantages, including:
- Lower Interest Rates
A strong CIBIL Rank can help secure lower interest rates and faster approvals on business loans
- Stronger Business Proposals
Demonstrating financial credibility can enhance project proposals and business partnerships
- Loan Readiness
Monitoring your company’s credit health ensures you are always prepared for financial opportunities
By regularly checking and maintaining a healthy company CIBIL score, businesses can improve their financial standing and secure better credit terms when needed.
Conclusion
Just as a credit score determines an individual's creditworthiness, a commercial CIBIL report assesses a company's ability to repay the loans it applies for. You can check your company’s CIBIL report directly on the official website.
A strong CIBIL report can help you secure higher commercial loan amounts at lower interest rates. Additionally, having a higher commercial CIBIL rank simplifies the loan application process.
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