TU CIBIL alternatives for Banks

[userman]

Do all banks use only TransUnion CIBIL for credit score check? Are credit scores of Bureaus like Equifax & Experian not being used by any Indian Banks for hard / soft enquiry?
@TechnoFino

 

[Tejo]

Do all banks use only TransUnion CIBIL for credit score check? Are credit scores of Bureaus like Equifax & Experian not being used by any Indian Banks for hard / soft enquiry?
@TechnoFino

Experian too will be used, even hdfc uses.

Recently cirf is being used several fintechs.

Equifax is the least once.

 

[akshayhs]

Established lenders like banks always use CIBIL and in some cases even Experian.
New age fintechs make use of CRIF credit score.
I am not aware of who uses Equifax.

 

[ALOAK]

Do all banks use only TransUnion CIBIL for credit score check? Are credit scores of Bureaus like Equifax & Experian not being used by any Indian Banks for hard / soft enquiry?
@TechnoFino

Banks relay only on transunion and no other agency

 

[moneyMaker]

So you are a bank owner and trying to find an alternative? 🤔

 

[Sahilhenzy]

CRIF and Equifax are least. CIBIL is the most favourite tool by most of the banks.

 

[Tejo]

CRIF and Equifax are least. CIBIL is the most favourite tool by most of the banks.

Preferred by rbi and psu banks

 

[Sahilhenzy]

Preferred by rbi and psu banks

Yes. CRIF is strict they never let anyone cross upto 750. See now my score is not even 700. in the other hand my cibil score ranks top 1%.