How to find out Loans or any kind of similar cr...

How to find out Loans or any kind of similar credits (like chit funds or any) taken on a persons name without their knowing/permission/consent?

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How to find out Loans or any kind of similar credits (like chit funds or any) taken on a persons name without their knowing/permission/consent?

trying to find out out how much fraud has been done.

is cibil the best to get all details? i mean even details regarding loans / chit funds and all.?

in icici internet banking we now have the option to view cibil report. is it already generated or it generates when one asks for it? if one downloads that report it wont affect his/her cibil score right? just confirming.

pls let me know.

@A2Zdeals @Black_Knight @Roushh @rsai01 @panchabhut @rpal and all

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Cibil does show all past loan details as to amount borrowed, outstanding, overdue etc. Dont know if there’s any other way!
I believe when lenders frequently view our cibil report, only then our score may get affected!

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Cibil is one of the 4 credit bureaus working in India. If you are serious about maintaining a healthy credit history then you should signup on all bureaus and monitor your credit history. Cibil is the oldest one and widely accepted.
If any loan has been taken in your name from a recognized loan agency then they must report about it to all credit bureaus.

If you want to keep track of your Cibil credit report then don’t signup from ICICI bank. But signup directly on Cibil website. Downloading report will not effect your credit score/history.

ICICI doesn’t has your Cibil credit report already. When you signup for this service in ICICI, they will charge you for it and request your credit report from Cibil. They will also use it for their own benefit.

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THere are at multiple credit score rating agencies like Cibil, Experian, Crif, Equifax, Highmark,… All use same base data reported by various banks/FIs. SO to the extent reporting of data is accurate and complete to that agency, you can get such information from their report. Cibil has apparently better awareness or reputation currently.

Cibil – on their site or in icici net banking – provides report, but it is chargeable. Once a year they were giving it for free on their site when I checked last. Experian report one can get for free, courtesy sites/apps like bank bazaar, paisabazaar, CRED, …

Score calculation parameters and principles are explained in the report. It clarifies that when there is a credit related inquiry done by a bank (say for issuing credit card), only then there may be some (monor i believe) impact per inquiry… Info seeking queries have no impact, which is only logical.

So yes, as these agencies by rbi regulation get all the bank credit related authentic data reported to them periodically for long periods, it is probably the most easily available, almost free and authentic data available at one consolidated place.

Basic info afaik shared…Baaki experts tagged can add!! smile

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CIBIL is fairly most common and accepted measure

It has all credit related details

ICICI one is paid one
Same is available in SBI also

Paisabazaar gives free report
They give Experian report also

Checking score never impact score
Indeed CIBIL have annual plan where one can check daily

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@Awake @Roushh @rpal @A2Zdeals

thx for the reply guys. im trying to register on cibil website but its asking to choose membership plans. is it not free on register on cibil web?

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rajrocks wrote:

@Awake @Roushh @rpal @A2Zdeals

thx for the reply guys. im trying to register on cibil website but its asking to choose membership plans. is it not free on register on cibil web?

Like i said, 1 year back when I registered, it was free for something like one report per year!! Most likely status should be same still, but cannot say for sure…

Try paisa bazaar, CRED app if you quickly need to access similar information w/o paying… confused

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rajrocks wrote:

@Awake @Roushh @rpal @A2Zdeals

thx for the reply guys. im trying to register on cibil website but its asking to choose membership plans. is it not free on register on cibil web?

Nope bhai
Hence I wrote ways to get it free

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rajrocks wrote:

@Awake @Roushh @rpal @A2Zdeals

thx for the reply guys. im trying to register on cibil website but its asking to choose membership plans. is it not free on register on cibil web?

Yearly report is free. Get it from here.
https://www.cibil.com/freecibi...re

If you require frequent updates then signup for a premium plan.

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guys, i have updated the title & reason.

How to find out Loans or any kind of similar credits (like chit funds or any) taken on a persons name without their knowing/permission/consent?

trying to find out out how much fraud has been done.

@Awake
@A2Zdeals @Black_Knight @Roushh @rsai01 @panchabhut @rpal
@Simbha3 and all

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rajrocks wrote:

guys, i have updated the title & reason.

How to find out Loans or any kind of similar credits (like chit funds or any) taken on a persons name without their knowing/permission/consent?

trying to find out out any fraud has been done.

@Awake
@A2Zdeals @Black_Knight @Roushh @rsai01 @panchabhut @rpal and all

Cibil is a credit rating agency and hence all the credits (not chit fund) taken by you from recognised lenders will be shown in your cibil report.
Once you open your cibil report u can see all the loans taken by you (even closed) and thus u can check it yourself if a loan appears and you didn’t take it!
Personally speaking, it would be very difficult to take loan on another’s name as banks have to update kyc, and even if banks/nbfc don’t do the same, security would be registered in the borrower’s name and there will be name mismatch.
Hence, unless bank employees and borrower collide to do such thing, it would be very diff to do the same.

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rajrocks wrote:

guys, i have updated the title & reason.

How to find out Loans or any kind of similar credits (like chit funds or any) taken on a persons name without their knowing/permission/consent?

trying to find out out how much fraud has been done.

@Awake
@A2Zdeals @Black_Knight @Roushh @rsai01 @panchabhut @rpal
@Simbha3 and all

Once you signup and login, go to “Credit Report” and select “Account Information” tab. All your loans will be listed there and how much of those loans are paid and other key info.

You can check the list of the loans there and if you do not recognize any one of them then you can also file a dispute.

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Awake wrote:

Personally speaking, it would be very difficult to take loan on another’s name as banks have to update kyc, and even if banks/nbfc don’t do the same, security would be registered in the borrower’s name and there will be name mismatch.
Hence, unless bank employees and borrower collide to do such thing, it would be very diff to do the same.

True. I completely agree.

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I am getting my score everywhere (paisabazaar, bankbazaar, cred, creditmantri etc) and it’s around 800. Using credit cards since 18 months. But the official CIBIL dot com site shows me that I don’t have any credit history. Now I have applied for Home loan. Will they offer me at competitive rates or higher rate just because CIBIL is not showing any score?? Awake</a> "Roushh":https://www.desidime.com/users/103299...sp; @rajrocks

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MSDfan wrote:

I am getting my score everywhere (paisabazaar, bankbazaar, cred, creditmantri etc) and it’s around 800. Using credit cards since 18 months. But the official CIBIL site shows me that I don’t have any credit history. Now I have applied for Home loan. Will they offer me at competitive rates or higher rate just because CIBIL is not showing any score?? Awake</a> "Roushh":https://www.desidime.com/users/103299...sp; @rajrocks

not much idea bro, better ask experts here.

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MSDfan wrote:

I am getting my score everywhere (paisabazaar, bankbazaar, cred, creditmantri etc) and it’s around 800. Using credit cards since 18 months. But the official CIBIL site shows me that I don’t have any credit history. Now I have applied for Home loan. Will they offer me at competitive rates or higher rate just because CIBIL is not showing any score?? Awake</a> "Roushh":https://www.desidime.com/users/103299...sp; @rajrocks

AFAIK banks use cibil score (Atleast in banks i have audited).
Banks don’t charge discriminatory interest rate depending upon credit history/worthiness, nbfc do.
They have a particular fixed interest rate (for a particular time span) per loan category (say housing) for all borrowers
If cibil shows no credit history, they will generally ask you for co borrower or guarantor, considering u can provide good amount of security and income!
Your relationship with bank and the kind of loan officer decide how much weightage they give to No credit history!

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rajrocks wrote:

not much idea bro, better ask experts here.

K bro, thanks.

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Awake wrote:

Cibil is a credit rating agency and hence all the credits (not chit fund) taken by you from recognised lenders will be shown in your cibil report.
Once you open your cibil report u can see all the loans taken by you (even closed) and thus u can check it yourself if a loan appears and you didn’t take it!
Personally speaking, it would be very difficult to take loan on another’s name as banks have to update kyc, and even if banks/nbfc don’t do the same, security would be registered in the borrower’s name and there will be name mismatch.
Hence, unless bank employees and borrower collide to do such thing, it would be very diff to do the same.

the thing is a personal loan has been taken on a persons name without their knowing of the same. they are related and can be done via forgery, stealing or xeroxing docs and all. so trying to find out are there any other loans or credits taken like the personal loan which is known now.

@Roushh

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MSDfan wrote:

I am getting my score everywhere (paisabazaar, bankbazaar, cred, creditmantri etc) and it’s around 800. Using credit cards since 18 months. But the official CIBIL site shows me that I don’t have any credit history. Now I have applied for Home loan. Will they offer me at competitive rates or higher rate just because CIBIL is not showing any score?? Awake</a> "Roushh":https://www.desidime.com/users/103299...sp; @rajrocks

Are you sure all these websites are showing your Cibil score? As far as I know they are trying to promote their own credit score based on what info they fetch from other major credit bureaus. Their credit score do not worth 2 paise unless it’s widely accepted.

Cibil is slow in updates but you don’t need to worry much if you have a healthy score on all other bureaus. Algorithm for credit score calculation is different for all bureaus but end result is almost the same. Meaning if you have a healthy credit history and score in one bureau then most probably you will have healthy credit score on other bureaus too.

As @Awake said, loan approval depends on many other things. If your relationship with your bank is good then they will ignore 0 Cibil score for smaller loans.

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rajrocks wrote:

the thing is a personal loan has been taken on a persons name without their knowing of the same. they are related and can be done via forgery, stealing or xeroxing docs and all. so trying to find how is there any other loans or credits taken like the personal loan which is known now.

@Roushh

What kind of personal loan was it?
Like pension, vehicle, demand loan, against fd, or any other?

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Awake wrote:

AFAIK banks use cibil score (Atleast in banks i have audited).
Banks don’t charge discriminatory interest rate depending upon credit history/worthiness, nbfc do.
They have a particular fixed interest rate (for a particular time span) per loan category (say housing)
If cibil shows no credit history, they will generally ask you for co borrower or guarantor, considering u can provide good amount of security and income!
Your relationship with bank and the kind of loan officer decide how much weightage they give to No credit history!

They have sanctioned at 8.55% to one of my friend as against 8.45% just because she doesn’t have any credit history. Yeah bro, they may change it later. My application is in processing stage now. Fingers crossed! By the way I have my salary account in the same branch.

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Roushh wrote:

Are you sure all these websites are showing your Cibil score? As far as I know they are trying to promote their own credit score based on what info they fetch from other major credit bureaus. Their credit score do not worth 2 paise unless it’s widely accepted.

Cibil is slow in updates but you don’t need to worry much if you have a healthy score on all other bureaus. Algorithm for credit score calculation is different for all bureaus but end result is almost the same. Meaning if you have a healthy credit history and score in one bureau then most probably you will have healthy credit score on other bureaus too.

Hoping the same bro… All sites showing different scores like cibil, Experian, crif etc.

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Awake wrote:

What kind of personal loan was it?
Like pension, vehicle, demand loan, against fd, etc?

bank told its a personal loan on joint acct where the primary acct holder is not even aware of the existence of the loan until the bank told them that they have and the secondary acct holder didn’t even tell and don’t know how the loan was taken without primary acct holder signature docs or any.

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not everything at I.T. (information technology) or ITD (income tax department) is really properly traceable via PA Number.
thus it is nearly impossible.
you said you changed the title, but it sounds even more suspicious (like you ate sitting for interview in bank, Nbfc).
if the person is victim of identify theft, fraud or forgery….. ….. then why wish to know ‘without knowledge of person’. they your known person only so all okay.

loan against FD in corporate or banks are a common way that small builders do farziwada.
they show you book property in your name and get assured FD (from their specified bank and branch).
banks collude and give money to builders by creating lien on FD (builder never lets you keep original receipt).
.
same way coop bank or chit fund data may not always reflect I’m this cibil vibil.
so unless you’ve access to ITD master data or some idea of which bank, nbfc to dig into, no way to know every transaction.

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rajrocks wrote:

@Awake @Roushh @rpal @A2Zdeals

thx for the reply guys. im trying to register on cibil website but its asking to choose membership plans. is it not free on register on cibil web?

Why you are not using paytm app to view your CIBIL Score? It is free of cost and does nottake.much time and send the report to your registered email id in pdf format.

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rrel wrote:

not everything at I.T. (information technology) or ITD (income tax department) is really properly traceable via PA Number.
thus it is nearly impossible.
you said you changed the title, but it sounds even more suspicious (like you ate sitting for interview in bank, Nbfc).
if the person is victim of identify theft, fraud or forgery….. ….. then why wish to know ‘without knowledge of person’. they your known person only so all okay.

loan against FD in corporate or banks are a common way that small builders do farziwada.
they show you book property in your name and get assured FD (from their specified bank and branch).
banks collude and give money to builders by creating lien on FD (builder never lets you keep original receipt).
.
same way coop bank or chit fund data may not always reflect I’m this cibil vibil.
so unless you’ve access to ITD master data or some idea of which bank, nbfc to dig into, no way to know every transaction.

To post this you created new account today?

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MSDfan wrote:

They have sanctioned at 8.55% to one of my friend as against 8.45% just because she doesn’t have any credit history. Yeah bro, they may change it later. My application is in processing stage now. Fingers crossed! By the way I have my salary account in the same branch.

Banks generally charge base rate + mclr , wherein base rate is generally fixed per category of loan, while mclr is more of linked with repo rate! So it is unusual banks do such discrimination! They do give discounts to old loyal customers or women borrowers.
They generally increase margin money perc for less credit worthy or if no history, afaik!

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rajrocks wrote:

bank told its a personal loan on joint acct where the primary acct holder is not even aware of the existence of the loan until the bank told them that they have and the secondary acct holder didn’t even tell and don’t know how the loan was taken without primary acct holder signature docs or any.

This is sheer bs on part of bank! How can they sanction a loan without thumb verification of co borrower. Moreover, self attestation is needed on each photocopied kyc doc.
It is very unusual for them to pass a loan without meeting the co borrower even once.
Maybe the other person was a good known of loan officer. Various compulsory visits have to be conducted after the loan has been sanctioned to make sure borrower knows of such outstanding loan in his name.
Bro my advise would be to go to bank, and give them their account no and ask them all the accounts linked to such person! U will know if there is any loan account!
When you are very certain, meet branch manager and tell him the same. He will himself get the person’s cibil.
Such negligence if proved might lead to job loss for loan officer. RBI has been very stringent on such things lately!
After all of this, will ask you to mail everything to rbi ombudsman (check on website) and file a complaint with full details as to Loan account number, bank and branch name, What kind of personal loan, amount, etc with all the details!
Pm me if u need any further detail

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Awake wrote:

Banks generally charge base rate + mclr , wherein base rate is generally fixed per category of loan, while mclr is more of linked with repo rate! So it is unusual banks do such discrimination! They do give discounts to old loyal customers or women borrowers.
They generally increase margin money perc for less credit worthy or if no history, afaik!

Don’t exactly know what happened there. Thanks for your insights bro. pray

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MSDfan wrote:

Don’t exactly know what happened there. Thanks for your insights bro. pray

If u are a true msd fan, then it was worth the time! wink

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