Credit scores play an instrumental role in financial decisions, as they help lenders evaluate an individual's or a business's creditworthiness. In India, there are two primary CIBIL bureaus, commercial CIBIL and consumer CIBIL, catering to different segments of borrowers. Understanding the distinction between these two types of CIBIL bureaus is essential for businesses and individuals alike. In this blog, we will explore the definitions, purposes, factors influencing scores, and differences between Commercial CIBIL and Consumer CIBIL.
Commercial CIBIL is a credit bureau that focuses on assessing the creditworthiness and financial health of businesses, institutions, and other commercial entities. It provides credit reports and scores to lenders, enabling them to make informed decisions when granting loans or extending credit to commercial entities. The purpose of commercial CIBIL is to evaluate the credit risk associated with commercial borrowers and facilitate lending institutions in managing their business lending portfolios effectively.
Consumer CIBIL, also known as TransUnion CIBIL Consumer Services Limited, is the arm of CIBIL that assesses the creditworthiness of individual consumers. It gathers and analyzes data from various financial institutions, such as banks, credit card companies, and NBFCs, to create credit reports and credit scores for individual borrowers. Consumer CIBIL plays a crucial role in determining loan eligibility, interest rates, and credit limits for individuals.
Here is the detailed overview of the differences between commercial CIBIL and consumer CIBIL expressed in tabular form:
Basis of Difference
Businesses and Institutions
Credit Rating Model
Rating via ranks
Rating via scores
Credit Report Type
Commercial CIBIL Report
Consumer CIBIL Report
Range of Scores
Between 1 and 10. 1 denotes the highest rank
Between 300 and 900. The ideal score is 750+
Evaluation of the creditworthiness and repayment ability of institutions and businesses
Evaluating the creditworthiness and repayment ability of an individual
Considers credit related information regarding businesses
Considers financial and credit related information about an individual
Factors Influencing Scores
Financial stability, nature of credit, profitability, repayment history, credit utilisation ratio, credit mix and others
Credit cards, credit mix, credit utilisation ratio, debt to income ratio, active credit accounts and more
A commercial CIBIL report provides an overview of the financial health and creditworthiness of an organisation. Here are some details present in a commercial CIBIL report:
The key features of consumer CIBIL report are mentioned below:
Below mentioned are the steps for checking commercial CIBIL score. The steps include:
Step 1: Visit the official CIBIL website and fill out the application form with all necessary details
Step 2: Enter the login details of your commercial CIBIL and then select a specific mode of payment for paying the applicable fee.
Step 3: Upon successful payment, you will receive your transaction ID and registration number at your registered email address.
Step 4: To receive your commercial CIBIL report, upload your KYC documents.
Here are a detailed step by step guide for checking consumer CIBIL score. The steps are as follows:
Step 1: Visit the official CIBIL website and then click on ‘Get your CIBIL score’.
Step 2: Enter all the necessary details including your name, phone number, email address, date of birth, PIN code etc. Also, attach a valid ID proof.
Step 3: Click on ‘Accept and Continue’.
Step 4: Visit the dashboard again to check your credit score. Click on CIBIL consumer login.
Step 5: To view your consumer CIBIL score, enter all your necessary login details.
Understanding the difference between commercial CIBIL and consumer CIBIL is crucial for both businesses and individuals. While commercial CIBIL assists businesses in managing their credit risk and securing financial assistance, consumer CIBIL plays a vital role in individual credit assessment.
To access your commercial CIBIL or consumer CIBIL report, you can visit the official CIBIL website and follow the designated process. Lenders often consider these credit reports while evaluating loan applications and determining interest rates. Check your Free CIBIL Score with Poonawalla Fincorp.
A good commercial CIBIL score typically ranges between 750 and 900. However, the specific score requirements may vary based on the lender's criteria and the nature of the business.
The charges for accessing commercial CIBIL reports and scores may vary depending on the services availed and the volume of information required. It is recommended to visit the official commercial CIBIL website or contact their customer support for the most accurate and up-to-date information regarding charges.
A CIBIL score of 750 and above is generally considered safe and reflects a healthy credit profile.
The fee for checking commercial CIBIL score is Rs. 3,000.
To increase your commercial CIBIL score, it is mandatory to repay your dues on time, avoid any unnecessary credit products and stay away from any disputes.
Commercial credit evaluates the creditworthiness of the business owners at the time of applying loan for their business.
Any business entity has the liberty of accessing commercial credit reports online from the official website.
We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Loan disbursal is at the sole discretion of Poonawalla Fincorp.
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