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CIBIL to provide credit report free of cost
Posted on: 23/Jul/2016 11:10:31 AM
The Reserve Bank of India’s Governor Raghuram Rajan has mentioned that the Credit Information Bureau of India (CIBIL) will be providing credit report free of cost.
Financial institutions, including banks, check the credit worthiness of an individual before extending credit or loan, through these credit reports.
An individual has to pay out Rs 550 for a report and a onetime credit score in the PDF format from CIBIL.
Now it has been decided to provide individuals with one free credit report a year.
Governor Raghuram Rajan while speaking said: By the end of the year, the Credit Information Bureau of India will start providing individuals with one free credit report a year, so that they can check their credit rating and petition if they see possible discrepancies.
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