Commercial / Business Credit Report API - cibil API

Overview

• The Commercial / Business Credit Report API from cibil provides comprehensive credit information.
• It is designed for non-individual borrowers like corporations and limited liability companies.
• The API is a powerful tool for credit scoring and risk assessment in the FinTech industry.

Major Customers Using It

• Major customer of this api is banks, lending company and Business loan brokers

Features & Integrations

• Detailed credit reports
• Comprehensive risk assessment
• Seamless integration with existing systems
• Real-time credit scoring
• Compatibility with various platforms

Use Cases

• Credit scoring for non-individual borrowers
• Risk assessment for lending institutions
• Creditworthiness evaluation for corporations and limited liability companies

Developer Support

• Comprehensive API documentation
• Community forums for developer interaction
• Dedicated support channels for troubleshooting
• Resourceful developer guides for easy integration

Advantages

• Detailed and accurate credit reports
• Real-time credit scoring for efficient decision-making
• Easy integration with existing systems
• Robust support for developers
• Scalable and flexible to suit diverse needs
• Adherence to compliance standards and security protocols
• Cost-effective solution for credit scoring

Company Information

• cibil, a TransUnion Company, is a leading credit information company in India.
• It was founded in the year 2000 and has been an industry leader in credit information services.

Year Company Founded

• 2000

Social Profile Links

Linkedin: (CIBIL Linkedin)

FAQs

1. What is the Commercial / Business Credit Report API by CIBIL?

• The API provides detailed credit information for non-individual borrowers such as corporations and limited liability companies. It is a tool used for credit scoring and risk assessment in the FinTech industry.

2. Who are the major customers using this API?

• Major customers include banks, lending companies, and business loan brokers who rely on it for credit evaluation and decision-making.

3. What kind of information does the Commercial Credit Report contain?

• Credit history and payment behavior
• Credit usage and outstanding loan accounts
• Risk assessment and credit score
• Public records such as insolvency or legal disputes
• Business identification details like PAN, CIN, and registered address

4. How is this API used by financial institutions?

• Financial institutions use it for assessing creditworthiness of businesses applying for loans or credit facilities, enabling quick and accurate lending decisions and risk management.

5. How does the API integrate with existing systems?

• The API offers seamless integration with existing lending and credit decision platforms, supporting real-time credit scoring and report retrieval through a RESTful interface.

6. What are the benefits of using this API?

• Detailed, accurate, and real-time credit reports
• Faster and more informed lending decisions
• Compliance with industry reporting standards
• Scalable and cost-effective solution for credit evaluation

7. What compliance and security standards does it follow?

• The API adheres to regulatory compliance and security protocols to ensure privacy and data protection in line with RBI and other financial authorities.

8. When was CIBIL founded?

• CIBIL was founded in the year 2000 and is a TransUnion company, leading credit information services provider in India.

9. Where can I learn more about CIBIL?

• Connect with CIBIL on LinkedIn:
  CIBIL Linkedin