crif score vs cibil score

Difference Between CRIF and CIBIL

When you apply for loans and credit cards, or in certain cases, purchase insurance products, your creditworthiness makes a difference in helping you procure the products and services. In India, the Reserve Bank of India (RBI) has licensed credit bureaus to collect and maintain your credit information. The credit bureaus generate a credit score based on your credit history. This three-digit score is an indicator of your creditworthiness. Currently, the two prominent credit agencies in India responsible for credit management are the Centre for Research in International Finance (CRIF) and the Credit Information Bureau India Limited (CIBIL). Read on to learn more about these credit bureaus and compare CRIF vs CIBIL.

CRIF vs CIBIL: What do the credit scores mean?

Before learning about the difference between CIBIL and CRIF credit scores, let us understand what they mean.

CIBIL credit score

The CIBIL credit score is calculated by India’s premier credit bureau – TransUnion CIBIL. Incorporated in the year 2000, CIBIL commenced its services as a consumer credit bureau in 2004 and became a commercial service entity in 2006. Banks and Non-Banking Financial Institutions (NBFCs) collect CIBIL credit scores to verify the repayment capacity of their applicants before approving funds on credit.

The CIBIL score is one of the many details present in the Credit Information Report (CIR) that CIBIL generates. The CIR reveals your past credit behaviour to prospective lenders to help them determine your eligibility for credit, interest rates, discounts on services, and other terms. The CIBIL credit score ranges between 300 and 900. A score close to 300 reflects a poor credit history, while anything above 750 is considered good for attracting competitive offers from lending institutions.

CRIF highmark score

The CRIF High Mark score is generated by the credit information and risk management company CRIF. Formerly known as High Mark Credit Information Services Private Limited, this entity was renamed CRIF High Mark, officially commencing its bureau operations in March 2011. CRIF High Mark generates Personal Credit Scores (PCS) and Business Credit Scores (BCS) for individuals and businesses, respectively. Similar to CIBIL, the CRIF High Mark score ranges between 300 to 900. Generally, a score of 750 is regarded as excellent for acquiring credit.

CRIF High Mark covers various borrower segments, including Micro, Small, and Medium Enterprises (MSME), commercial borrowers, microfinance companies, and retail consumers. It holds one of the largest databases of individuals and companies. With sophisticated algorithms designed to handle complex data, CRIF offers credit information, insights, analytics, data management, and software solutions to financial institutions.

CRIF score vs CIBIL score: The key differences

The prominent points of difference between CRIF and CIBIL are as under:

Parameters CRIF Highmark Score CIBIL Credit Score
Full Form The full name of CRIF credit bureau agency is CRIF High Mark Credit Information Services Private Ltd. CIBIL stands for Credit Information Bureau India Limited.
Acceptable score range The CRIF Highmark score falls within the range of 300-900, where a score of 700 is deemed excellent. CIBIL credit score typically ranges between 300-900, and a score of 750 is considered good to acquire credit from prospective lenders.
Licensing entity The licencing entity for CRIF High Mark in India is RBI. CIBIL is licensed by RBI, but owned and maintained by TransUnion, a private utilised company.
Weightage The calculation of CRIF highmark score involves giving more weightage to the length of credit history and credit type. The CIBIL score is calculated with more weightage to recent credit activity and credit inquiries.
Score criteria

The criteria for CRIF score computation include:

  • Debt to income ratio
  • Repayment history
  • Outstanding credit
  • Credit card applications
  • Credit history period
  • Credit utilisation ratio

The criteria for CIBIL score computation include:

  • Credit tenure
  • Outstanding debt
  • New credit
  • Overall credit mix
  • Repayment record
  • Credit utilisation ratio
Presence CRIF High Mark has a global presence, spanning over 40 countries. CIBIL is active predominantly in India, catering to the credit needs of over 1.4 billion people.

Stay protected with general insurance in India

Besides playing a pivotal role in helping you procure loans, CIBIL and CRIF scores are also considered for general insurance investments in India. Insurance providers typically believe that the better your credit score, the lower your chances of raising a claim. Since you are less likely to file claims, you can enjoy discounts on your insurance premiums. Also, investing in general insurance in India is considered responsible financial behaviour, which positively impacts your credit score, and by extension your credit borrowing abilities. As such, you must ensure your credit score is always in the highest range and take the necessary measures to maintain an excellent score of 750+ at all times.


Which is better between CRIF vs CIBIL?

CRIF and CIBIL scores are both renowned credit agencies. In general, they work the same way in analysing your credit behaviour. The difference lies in the parameters and approach used to gauge your creditworthiness. So, the decision of which is better between CRIF score vs CIBIL completely depends on the personal preference of the lending institution.

Since the credit score range is almost the same, is CRIF score equal to CIBIL score?

No, even though the credit score range is similar, CRIF and CIBIL scores are not equal. They use different data sources and scoring models, which results in potentially different scores for the same person.

How do I boost my low credit score?

To boost your low credit score, you can pay your bills and credit card dues on time and avoid accumulating excessive debt.

Can I dispute incorrect information on my CRIF or CIBIL credit report?

Yes, you can. You can contact the respective credit agency, provide evidence of error, and request a correction. The credit agencies shall investigate the error and update your report with accurate information if applicable.

Do CRIF and CIBIL scores comply with data protection and privacy laws?

Yes, they do. Both CRIF and CIBIL source your credit information from recognised banks and financial institutions and follow legal guidelines. As a result, confidentiality and protection of your credit data are maintained.

Disclaimer: The above information is indicative in nature. For more details on the risk factor, terms and conditions, please refer to the Sales Brochure and Policy Wordings carefully before concluding.

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