Comprehensive KYC document checklist for CIBIL report (2024)

If you are looking to obtain a CIBIL Rank and Company Credit Report (CCR) of your company, the first thing you will need is a KYC document checklist for CIBIL report. These KYC documents are important for CIBIL to verify your information of your business establishment.

What is KYC?

KYC or Know Your Customer is the process of verifying a customer’s identity and address proof before offering him/her a product or a service. Government institutions and companies providing products like mobile phones complete this process as it is mandated by the government.

For example, if you go to a store to purchase a SIM card for your phone, they will ask for an identification card which will contain your address. This is a mandatory process that will help companies and other relevant authorities to know under whose name the SIM card is registered.

KYC documents for CIBIL report

If you want to obtain a CIBIL report, you need either get a CIBIL subscription or purchase the CIBIL Company Credit Report (CCR) through a Demand Draft (DD). Both these methods will ask you to fill in a form and submit some KYC documentation for CIBIL credit report so that CIBIL can verify your company information.

KYC document checklist for CIBIL reports

Each type of company has a separate set of documents to submit along with a few standard KYC documents. Making a KYC document checklist for CIBIL report will help you speed up the process of filling in the application form for credit report.

Given below is a list of KYC paperwork for CIBIL a report to be submitted by different types of companies:

Public/Private limited companies

KYC requirements for CIBIL report to be provided by private/public limited companies includes:

1. Address proof in firm’s name
2. Copy of Board Resolution along with authorised signatory list and specimen signature
3. Company PAN
4. ID proof of authorised signatory submitting request for CCR (PAN/Driving License/Passport)

All the documents must be attested by the Company Secretary/any Board of Directors.

Partnership firms

Here are the KYC essentials for CIBIL report required for partnership firms:

1. Address proof in firm’s name – Anyone from below
2. Copy of Partnership Deed or Certificate of Registration
3. PAN of the partnership firm
4. ID proof of partner requesting CCR (PAN/Driving License/Passport)

All the documents need to be self-attested by the partner submitting the request for CCR.

Proprietorships

Have a look at the CIBIL report KYC document checklist for proprietorships:

• Address proof in firm’s name
• ID proof of Proprietor

All the documents need to be self-attested by the proprietor.

Corporates

Given below is the checklist of KYC documents for CIBIL report for corporates:

• Address proof in firm’s name
• Copy of board resolution along with authorised signatory list with specimen signature
• PAN of the corporate
• Copy of PAN/Driving License/Passport of authorised signatory submitting request for CCR

All documents need to be attested by the Company Secretary/any Board of Directors.

Mentioned below are the address proof documents that are allowed to be submitted as a KYC document for CIBIL report. Any one of these documents will be enough for the application:

• Bank passbook or account statement
• Latest land line telephone bill
• Latest electricity bill
• Registered lease/sale agreement of office premises
• GST certificate
• Udyam certificate
• Proof of address issued by scheduled commercial banks / multinational foreign banks
• Registration certificate issued under Shops and Establishment Act

Points to remember while submitting documents online

There are few things you should keep in mind while uploading KYC documents if you are subscribing to CIBIL online for credit report:

• Documents exceeding 5 MB cannot be attached
• Documents with file extensions in pdf, jpg, jpeg and png are the only allowed forms of upload.
• Ensure not to upload password-protected documents
• Documents should not be more than three months old
• All documents must be attested by respective signatories

What is a CIBIL CCR or CIBIL report?

A CIBIL CCR (Company Credit Report), commonly known as the CIBIL report, is a record of a company’s credit history that proves its creditworthiness. “This is created from data submitted to CIBIL by lending institutions across India. The past payment behaviour of a company is a strong indication of its future behaviour. It is therefore important to understand that the CCR is heavily relied on by loan providers to evaluate and approve loan applications,” explains CIBIL.

What is the CIBIL rank for CCR?

The CIBIL RANK grades your CCR in the form of one number. The number is picked from a scale of 1 to 10, where 1 is the best rank that can be achieved. “CIBIL Rank indicates your company’s likelihood of missing payments, which is one of the key factors considered by a lender while evaluating a loan application. The closer your rank is to 1, the better are your chances of securing a loan,” according to CIBIL.

CIBIL rank is available for companies with current credit exposure of up to ₹50 Crore

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