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  • Equifax Vs CIBIL Vs Experian Vs Highmark Credit Score & Credit Report

    Equifax, TransUnion CIBIL, Experian, and CRIF Highmark are the four credit bureaus that compute credit scores in India. Here are the key differences between them.

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  • Lenders like banks and non-banking finance companies rely on credit reports before approving your personal loan or credit card application. A credit report is computed by credit information companies which are also known as credit bureaus. The credit bureaus collects, collates and aggregates data from its members (individual consumers and lending institutions) to provide information related to the credit history and creditworthiness of an individual. At present, there are a total of 4 credit bureaus in India. All credit bureaus in the country are licensed by the Reserve Bank of India (RBI).

    Here’s a List of 4 Credit Bureaus in India:

    Comparison of the 4 Credit Information Companies in India


    The Credit Information Bureau (India) Limited (CIBIL) is the most prominent among the four credit information companies licensed by the Reserve Bank of India. The CIBIL score, ranging from 300 to 900, is widely used in India and is maintained by CIBIL Limited, a part of the American multinational group TransUnion. The score reflects credit history and plays a crucial role in loan applications. A good score, typically 700 or above, enhances the chances of loan approval. It takes 18 to 36 months of consistent credit usage to build a satisfactory CIBIL score. The score is not the sole factor; lenders also consider credit reports and other details when assessing an applicant's creditworthiness. Financial prudence, such as timely bill payments and responsible credit use, is essential for improving the CIBIL score.


    Equifax, an American credit information company operating globally in 15 countries, has been active in India since 2010 under the Credit Information Companies (Regulation) Act. In India, it operates as Equifax Credit Information Services Private Limited (ECIS) through a joint venture with seven major Indian financial institutions. Equifax collects credit-related data from lending institutions in compliance with RBI mandates and generates a three-digit credit score for individuals, ranging from 300 to 900. This data is detailed in a comprehensive Credit Information Report (CIR), providing insights into an individual's credit behaviour. The Equifax Consumer Credit Database, characterized by a broad reach and constantly updated, accurate information, is operated with sophisticated technology and global standards. It benefits both lenders and borrowers by expediting loan approval processes, improving efficiency, and enhancing transparency. Equifax's database also supports various value-added products, including credit risk management, fraud detection, and marketing tools.


    Experian PLC, a globally recognized consumer credit reporting company, operates in 37 countries, including India, where it is one of the four credit bureaus. Established in 2010 in India, Experian collects credit information on individuals and companies, providing credit scores and detailed Credit Information Reports (CIR). As an independent entity licensed by the Reserve Bank of India, it serves member institutions like banks and NBFCs, helping them make informed lending decisions. Checking the Experian credit score before applying for a loan is crucial, and factors affecting the score include timely payments, credit history length, inquiries, and negative issues. Improving the score involves responsible financial practices. A good Experian score is typically above 750, while a lower score may lead to more challenging loan approvals with less favourable terms. Regular monitoring of the credit score is essential for maintaining financial health and securing preferable loan conditions.

    High Mark Credit Score

    CRIF High Mark is a prominent provider of Credit Information, Business Information, Analytics, Scoring, Credit Management, and Decision Solutions in India. As an RBI-licensed credit bureau, CRIF High Mark offers information and analytical solutions to various sectors, including banks, NBFCs, insurance companies, and telecom service providers. Catering to diverse borrowing segments such as retail, microfinance, MSMEs, and commercial borrowers, CRIF High Mark plays a crucial role in assessing creditworthiness.

    The CRIF Credit Score, a three-digit number ranging from 300 to 900, is a key metric for evaluating an individual's creditworthiness. A score above 700 is considered good, indicating responsible repayment behaviour and enhancing the likelihood of loan approval. The score is reflective of an individual's credit history. A CRIF credit information report (CIR) provides a comprehensive credit profile, including personal information and a credit summary. A ‘blank CRIF Credit Report’ (NH) indicates the absence of credit history in the database. The Personal Credit Score, influencing loan approvals, is typically considered good above 700. The Business Credit Score is vital for assessing a company's creditworthiness, especially for loan approvals. For individuals seeking their personal credit report from CRIF, the process involves filling in details, selecting a report type (free, paid subscription, or paid without a score), and authenticating the inquiry by answering security questions. The report is then delivered via email.

    Parameter CIBIL Equifax Experian CRIF Highmark
    Established 2000 License granted in 2010 2006, license granted in 2010 Received licence in 2010
    Cost of the Report Rs.550 for Credit Report + Score. Rs.400 (excluding GST) for Credit Report + Score Rs.399 for Credit Report + Credit Score) Rs.399 (including GST) Credit Report + Credit Score
    Scoring System All credit bureaus in India offer a credit score between 300-900, 900 being the highest. A credit score of 700 and above is considered as ideal. All credit bureaus in India offer a credit score between 300-900, 900 being the highest. A credit score of 700 and above is considered as ideal. All credit bureaus in India offer a credit score between 300-900, 900 being the highest. A credit score of 700 and above is considered as ideal. All credit bureaus in India offer a credit score between 300-900, 900 being the highest. A credit score of 700 and above is considered as ideal.
    Products and Services For Consumers: For Companies:
    • Portfolio Review reports
    • CIBIL Company credit information report
    • CIBIL Bureau Analyser, etc.
    Additional solutions:
    • Portfolio Management
    • Fraud prevention
    • Customer acquisition
    • Customs solution, etc.
    For Consumers:
    • Credit information report
    • Equifax alerts
    • Equifax portfolio review
    • Equifax risk score
    For companies
    • Credit risk and fraud management
    • Portfolio management
    • Industry diagnostics, etc.
    For Consumers:
    • Experian Credit Information report
    For companies
    • Customer acquisition
    • Collection and money recovery
    • Customer management
    • Data and Analytics
    • Customer targeting and engagement
    For Consumers:
    • CRIF High Mark Credit Information report
    • Microfinance credit reports
    For Companies:
    • Commercial Score
    • Identification and Anti-Fraud services
    • Predictive Analytics & Scorecards
    Additional solutions:
    • Business Rules and Decision Management
    • Collections Management
    • Loan Origination
    • External Data Connector
    • Deduplication Platform
    Time taken to receive credit report The online credit report is delivered instantly after making the payment. The online credit report is delivered instantly after making the payment. The online credit report is delivered instantly after making the payment. The online credit report is delivered instantly after making the payment.

    Similarities Between the Credit Bureaus

    All the four credit bureaus in the country are licensed by the Reserve Bank of India (RBI). Lenders like banks and non-banking finance companies (NBFCs) send your credit information to all the credit bureaus. They do not differentiate between the bureaus and share all your details related to your credit with them. Each credit bureau has their own algorithm which they use to calculate your credit score. Therefore, credit scores from all the credit bureaus are considered as valid. Although, the algorithm to calculate credit score can be different for different bureaus, the five components that are taken into consideration while calculating the credit score remain the same. Credit bureaus consider factors like repayment history, type of credit, age of credit, credit exposure, and credit inquiries while calculating the credit score. It must be noted that credit scores from two credit bureaus can be different, however, they will be accepted as valid. A marginal difference in credit scores from two different bureaus is common. A difference of around 50-60 points in the credit score is generally observed by banks and NBFC.

    Benefits of the Consumer Credit Database

    Lender's exposure to risk is mitigated: Getting access to information on every customer’s inquiry and trade lines over a long period of time will allow the lenders to look into their creditworthiness. They can then calibrate the risk exposure. Having a judicious risk management in place which is based on in-depth data, will affect the revenues.

    The decision-making process becomes faster: Having access to the information mentioned above helps every lender in making an informed decision. A credit score gives the lender an idea of the customer’s creditworthiness. The Credit Information Report gives them a quick and rounded idea of the customer’s credit behaviour and the short-term and long-term perspectives will help the lender evaluate the borrower better and take a quick decision.

    Easier tracking of borrower portfolio: When you have a database, which allows its member institutions to get access to it, the lenders can track the credit performance of their borrowers on a periodic basis and take better decisions.

    The identification process: The vast data that is in the customer database leads to a better consumer identification. The Equifax consumer database is linked to Indian government databases like and NSDL for PAN and AADHAR card validation. This makes the process of authentication easier.

    FAQs on Equifax Vs CIBIL Vs Experian Vs Highmark Credit Score and Credit Report

    1. What is the meaning of Hallmark of Highmark credit score?

      The summary of the credit history in the numerical format is called Highmark credit score.

    2. Why does the credit score vary depending on the bureau?

      The credit score is different because of the algorithm that is used by each bureau.

    3. Is the credit score provided by different bureaus valid?

      Yes, the credit score provided by different bureaus are equally valid.

    4. What is the main difference between Experian and Equifax?

      The information that is collected and the way it is reported is the main difference between Experian and Equifax.

    Equifax - Sitemap

    TransUnion CIBIL is one of the leading credit information companies in India. The company maintains one of the largest collections of consumer credit information in the world. CIBIL Score plays a key role in the lives of consumers. Banks and other lenders check the CIBIL Score of the applicants before approving their loan or credit card application. Consumers can visit the official website of CIBIL to check their CIBIL Score and Report.

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