How can I rectify my CIBIL report?

Created OnJune 21, 2020

Last Updated OnJune 21, 2020

byNeelam@FundsTiger.com

Banks and NBFCs will check an applicant’s CIBIL score to know their capability to repay loans, an error in CIBIL may affect their chances of getting loan it is important for the information to be correct . Here is how you can rectify your credit report online.

Components that can be changed:-

Personal details that are incorrect such as

Name
Address
Date of Birth
PAN

Incorrect information regarding loan balances, payments, outstanding and overdue amounts can also be corrected.

Process Involved:-

1. Online form:-

An online form needs to be filled out to a rectification request. This is available on the CIBIL website.

2. Internal Process:-
Once the customer submits the online form, the request is forwarded to the concerned credit institution to verify it. CIBIL does not make any changes on its own. The credit institution is required to authenticate the request and send the rectified information to be published. The customer is informed once the dispute is resolved.

3. Duration:-
CIBIL usually takes approximately 30 days to resolve the dispute depending on the time taken by the credit institution to revert with the same.

4. Charges:-
There are no charges levied by CIBIL for dispute resolution

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