Personal Loan Score by CIBIL TransUnion
By Vaibhav Aggarwal
May 21, 2009
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The Credit Information Bureau (India) Ltd.(CIBIL) in association with TransUnion have come up with ‘CIBIL TransUnion Personal Loan Score'. One of its kind in the Indian market, the personal loan score enables the credit lenders in taking lending decisions objectively based on customer's history. The software provides analysis on the probability of an applicant turning 91 days defaulter, over the next 12 months on consumer or personal loan. In other words, the score provides creditor predictability in extending loans to creditworthy applicants.

Arun Thukral, managing director of CIBIL, said, “With CIBIL becoming one of the first credit reporting companies receiving an ‘In principle approval’ from the Reserve Bank of India in India and the first in the market, we are pleased to continue in the tradition of providing value-added service offerings to our customers that continue to meet and exceed their demands.”

The score was developed using technical expertise of experienced TransUnion analysts. CIBIL inputs included providing data related to credit history and understanding of Indian market. Thukral added, “Our partnership with TransUnion allows us to accelerate the implementation of world-class services and solutions for the market, while keeping it tailored to our Indian customers and economy.”

India's first credit information bureau, CIBIL was launched in 2004. It provides both consumer and commercial services and maintains database of nearly 90 million trades. The agency also provides several value added services in association with TransUnion.

"Businesses can use the score to retain current customers and determine potential customers, ultimately reducing losses and increasing profitability," said Satish Pillai, General Manager, Analytics and Decisioning Services -TransUnion.









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