What Is CRIF Business Credit Report? | How to check CRIF Business Credit report online?

CRIF Business Credit Report. If you want to grow your business or are planning to take a loan in the future, this report can be very useful for you.

If you have applied for a business loan at a bank, you can check the Highmark credit score for free there. Especially, if you have applied for a loan under the MSME CGTMSE scheme, the free Highmark credit score is checked. If you apply for a loan in a private bank, most people check the CIBIL MSME rank. But if you have applied for a loan in a government bank, they provide the loan after checking the free Highmark Business Credit Report.

Still, even private banks that check the CIBIL rank may also check a report from another credit bureau before approving a loan. Your free Highmark credit score may also be checked. The problem arises if your loan gets delayed or your loan application is rejected due to a low free Highmark score. Therefore, it is important for you to know why your credit score is low and where the problem is in the report.

For this, you need to check the report. How will you check the free Highmark Business Credit Report online? Before that, let’s understand What is CRIF Business Credit Report?

What Is a CRIF Business Credit Report?

It is a financial report that evaluates the creditworthiness of your business. Just like you plan to take a loan by looking at your personal credit score, in the same way this report shows the financial health of your business. It contains complete data about your business’s outstanding loans, payment history, and financial performance.

How to Check a CRIF Business Credit Report.

• Now, if you want to get a business report, you need to visit CRIF’s official website, which is crifhighmark.com. Type the URL crifhighmark.com. This is its home page. Here, in the menu bar, there is an option called “Credit Score.” As soon as you move the cursor over it, two options will appear – Personal Credit Score and Business Credit Score.
• If you want to get a business credit report, you need to click on Business Credit Score. Scroll down and click on the “Get Your Business Credit Score Now” button. As soon as you click, a new tab will open, where there will be a simple form.
• Organization Name means the legal name—write it here. After that, type Your Full Name. Then enter the mobile number. Here, the Authorized Person—proprietor for a proprietorship company, partner for a partnership company, and director for a private limited or limited company—has to write their name here and enter their personal mobile number. This should be the same mobile number that was given at the time of the loan, because that number is stored in CRIF’s database and the OTP verification comes on the same number.
• After this, enter the business email ID and scroll down to click on “Get Started.” Here, information is given that an individual credit report is available for free, but to get a business credit report, you have to pay ₹2700 to CRIF.
• As soon as you proceed further, a 6-digit OTP will be sent to your registered mobile number. Enter the OTP and click on Verify. After this, the CRIF dashboard will open, where a payment pop-up will appear. Click on “Pay Now” and make the online payment of ₹2700. Once the payment is successful, a success message will appear.
• Now close the tab and complete the same form process again. You will receive the OTP again; continue by entering it. Then you will go to the dashboard, where a “Documents Upload Pending” pop-up will be visible. Click on “Upload Now.”
• Here, you need to upload the documents. If it is a proprietorship company, you need to upload the individual PAN card. For a partnership or private limited/limited company, you need to upload the company’s PAN card. After this, you have to attach the Authorization Letter—a request letter on the company letterhead, giving permission to obtain the CRIF report, with stamp and signature.
• Then, you need to provide the Organization Address Proof, such as an Electricity Bill or any Utility Bill. All KYC documents must be self-attested, with signature and stamp. After this, attach the Authorized Person’s PAN card and Employee ID card. If there is no Employee ID, you can also provide the GST Registration Certificate, which includes the Authorized Person’s name.
• After uploading all the documents, click on “Upload and Continue”. The report is generated within 3 to 5 working days. After that, you can go to the dashboard and view the report. CRIF also sends the report to your email ID.

Now, an important point – the CRIF Business Credit Report is password protected. The password is 8 digits long. You need to enter the first 4 letters of the company name (in small letters) and the last 4 digits of the contact number. Once entered, the report opens.