There have been numerous instances when a loan application may be rejected for numerous reasons. One of the reasons could be your credit report, i.e. a repository of your borrowing and repayment habits and an indicator of your financial health. You can get this report only from your banks, that too, once you apply for a loan which may get rejected for the given reason.

Not anymore. A written communication from CIBIL to Apnapaisa has clarified that CIBIL has started offering Consumer disclosures through an interim solution. This interim solution is a testing phase and we will be able to operationalize the full-fledged Consumer Relations System basis our learning from this phase. In this interim phase CIBIL will be manually handling consumer requests for a copy of their credit information report.  CIBIL is also developing the infrastructure, systems and processes for an automated solution that would be needed to enable an individual direct access to their Credit Reports from CIBIL on-line.  The full-fledged Consumer Relations System will have world-class features that will allow consumers to access their report on-line and banks to respond to errors via an on-line maintenance tool. The automated phase is expected to be ready by the beginning of next fiscal year.