What is CIBIL Commercial Report
A multi-dimensional and comprehensive data on commercial borrowers are provided by the CIBIL Commercial Report. This can help you make lending decisions in an informed manner. The borrowers may be proprietorships, partnership firms, private limited companies, and public limited companies.
Various details such as the credit date to the risk scores are mentioned on the CIBIL Commercial Report. By checking the credit report, you can lower the instances of serial and concurrent defaults. This can help your business get better opportunities as a credit grantor.
Features of CIBIL Commercial Report
The main features of the CIBIL Commercial Report are mentioned below:
- Credit history of potential commercial borrowers can be accessed.
- You can access financial responsibility before making a decision.
- Risks are lowered and you can lend with confidence.
- You can get insights into the overall borrowings across various lending institutions.
- The credit can be disbursed faster.
How to get CIBIL Commercial Report?
The step-by-step procedure to get the CIBIL Commercial Report is mentioned below:
- Visit https://www.cibil.com/cibilrank.
- Details about your company such as the name, ID Value, type, GSTN Value, contact information, and address must be provided.
- Agree to the terms and conditions and click on 'Submit & Continue to Step 2'.
- On the next page, choose the mode of payment. Depending on the plan that you have chosen, the amount that must be paid will vary.
- Once the payment has been made, a Transaction ID and Registration ID will be sent via email.
- The KYC documents must be uploaded next. Once the relevant KYC documents have been uploaded, the CIBIL Rank and the CIBIL Commercial Report will be sent to the registered address within 7 days.
Factors that Affect the CIBIL Commercial Report
The list of factors that affect the CIBIL Commercial Report are mentioned below:
- Company's Profile: The life and size of the company are considered. A sound financial history is usually maintained by older and bigger corporations. Therefore, they are considered more creditworthy than newer organisations.
- Outstanding Debts: Any outstanding debts will affect the CIBIL Commercial Report in a negative way. Therefore, it is vital to keep only feasible debts outstanding.
- Payment History: The payment history of the company plays a vital role in the CIBIL Commercial Report. The report will be affected if you do not pay your EMIs on time.
- Credit Utilisation Ratio: The credit utilisation ratio is an important factor that is considered on the CIBIL Commercial Report. In case your credit utilisation ratio is high, the report will be affected in a negative way.
- Credit History: The credit history length plays a huge role in the CIBIL Commercial Report. The report will be better if your credit history is long.
How to Improve the CIBIL Commercial Report?
Some of the ways to improve the CIBIL Commercial Report are mentioned below:
- You can avail a long loan and pay it on time. This can help in creating a good image with the lender.
- It is vital to keep a note of the money that has been received and spent. This can help in determining the amount of loan you will need from the lender.
- In case there are any issues with the credit statements, it must be rectified immediately. This can help in availing a loan.
- All your EMIs must be paid on time. It is also important that the entire outstanding amount is paid by the due date.
Difference between Commercial CIBIL and Consumer CIBIL
The main differences between Commercial CIBIL and Consumer CIBIL are mentioned in the table below:
Category | Commercial Bureau | Consumer Bureau |
Calculation of Rank/Score | Credit utilisation ratioCredit ratingIndustry’s natureBackground of the company | Usage of credit limitRepayment patternCredit cards presentLoans availedAccounts that have been closedAccounts that are active |
Credit Report Type | Commercial credit report | CIBIL credit report |
Credit Score Range | 1 – 10 | 300 – 900 |
CIBIL Credit Modelling | CIBIL Credit Rank | CIBIL Credit Score |
Applicable for | Businesses | Individuals |
Disclaimer
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
FAQs on CIBIL Commercial Report
- What is a Company Commercial Report?
A company commercial report or a company credit report (CCR) is issued by the credit rating agencies or CIBIL. This document denotes the creditworthiness and payback potential of the company.
- How is a CIBIL rank different from a CIBIL score?
The main difference between CIBIL rank and score is that the former is assigned to the business and the latter is assigned to an individual. The CIBIL rank ranges between 1 to 10, while the score ranges between 300 to 900.
- What is a 'Write Off'?
'Write Off' is a term used when a particular loan is not recovered, under certain conditions such as banks failing to track the borrower, or the borrower fails to repay the loan amount.
- Which number is used to track a company's credit history?
To track the company's credit history a unique number is required which is known as Data Universal Numbering System (DUNS) number.
- Who can access commercial credit reports?
Company Credit Report and CIBIL Rank can be accessed by the members of the CIBIL including the Non-Banking Financial Company (NBFCs), banks, and other financial institutions.
- What is CMR in commercial CIBIL?
CIBIL MSME Rank (CMR) provides a detail about the credit trend of the borrowing entities, as this is a credit default-predictor model. This also helps in predicting the default probability of the borrower over a year's range.
- Who uses commercial credit?
Companies use commercial credit issued by the banks that helps companies to access the funds during financial obligations such as purchase equipment, cover unexpected expenses, new business opportunities, and fund other daily operations.
- What are the benefits of commercial credit?
Commercial credit provides access to the funds to expand the business and invest in purchasing equipment, hiring staff, and also allows you to conserve the cash for daily operational cost of the business
CIBIL Score Requirements for Loans
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.