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Are you aware of NPA in CIBIL score? Learn more terms from CIBIL report

08-Mar-2019 written by : FSI-Team

Are you aware of NPA in CIBIL score?

Understanding the credit report can be quiet intimidating. When one looks at the report for the first time, the terminology used in it seems to be written in an unknown language. The credit report has a gross impact on our financial objectives. Hence it becomes highly important to know the terms used in the report. Understanding these would make one aware about what the report means to him. After all, being aware and informed is what would lead to taking right decision.

Following is the list of such terms that will help you in deciphering your bureau report. These terms can have a major impact on the CIBIL score calculation.

TERM DESCRIPTION
000 This is basically used to describe the monthly repayment. It denotes that the borrower has paid in time for the month that it reflects against. This term across all the months of credit facility is the reflection of one’s capacity and seriousness towards the obligations
CLSD This term is used when the credit facility has been fully paid and denotes complete and successful closure
NEW This term depicts the new loan that would have been taken in recent past
LNSB When the loan application is submitted, is in process and not yet decided upon for various reasons, the status of loan submitted will appear as LNSB
LAND This status indicates that the loan has been approved but has not been disbursed as yet – Loan Approved Not Disbursed
INAC This term indicates that the account has been inactive. This kind of term is used predominantly in accounts that carry a limit but have not been used for a long time
01+ This indicates that the borrower missed repayment on due date. In case the update is on an earlier month which is followed by 000, the borrower missed the payment but paid before the 30th day. In case this is the recorded on the last month’s status, the borrower might not have paid the due as yet
31+ The due either paid/still outstanding depending upon the month of reporting from 31 to 60 days from the due date
61+ The due either paid/still outstanding depending upon the month of reporting from 61 to 90 days from the due date
91+ The repayment not happened for over 91 days. The banks are supposed to write off the loan in case the account goes unpaid up till this time
121+ The repayment not happened for over 121 days
181+ The repayment not happened for over 181 days
DEC This term is used when a lending institution declines the loan application
SUB This status indicates that the account has been a NPA for over 12 months. So if a personal loan goes unpaid for 12 consecutive months without any repayment then it shall get updated with status of SUB
SPM This terms means Special Mention Account. Here again the lending institution is trying to indicate its doubt on the repayment intentions of the borrower
RES The RES term represents the restructuring of the loan.
SET The terms come into effect when there has been a mutual agreement between the borrower and the lending institution and a certain amount from the total outstanding gets waived off and the lender ceases to pursue collection efforts
PWOS The term gets updated in a situation where there has been a mutual agreement between borrower and lender on paying off partially and close the account after the account got updated as WOF
WOF This terms means “Write off”. In a situation where the lending institution has not been able to collect any outstanding amount for over 90 days, the account gets flagged off as WOF
STD This represents the timely payment on the credit account
SUB An account that continues to be a NPA for over 12 months gets updated with this status
LOSS This represents a loss on the account by the lending insitution
*** This term also represents that the repayment has been on time
XXX It means that the bank has not reported the repayment status for the particular month

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