XCIBIL vs Transact Bank Personal Utilisation & Stats

Why Company or Individual pay loan or Emi on time to banks so that their credit report should not get affected. But when it’s time to pay wholesaler, retailer, manufacturer or friends they will always delay the payment or in many cases they do not pay the money because there is no tool available to track this kind of transaction and also its effect does not appear in their banking credit score. XCIBIL will solve the above problem. Through XCIBIL you will not only know the credit worth of the borrower but also the lender will get the transaction validated by sending the transactions details via SMS to borrower which will make them accountable to pay on time. Otherwise the Lender can mark the unpaid amount as default and it will start affecting their credit score. In future others will stop doing any kind of business who has a bad credit score. This will make the borrower to pay the amount on time for the transactions recorded on the XCIBIL application. Key XCIBIL Application Features: - Credit Report : Now you can check the credit worth of your borrower before doing any money related transaction. - Record Transaction : One application to record all your money related transactions (Goods , Cash & Service) - Settlement Service : Borrow will settle the unpaid money on time to maintain or improve the credit score.