What is STD in CIBIL Report

In a CIBIL report, STD stands for "Standard" and is a prominent keyword commonly seen in credit card and loan accounts. STD in CIBIL report means that you have cleared all your outstanding dues on time and within 90 days of the due date. It is essential to understand what STD in CIBIL report means to thoroughly analyse your credit report, as it essentially represents a track record of timely payments.

 

Days Past Due (DPD) entries are mentioned in the form of a 2-dimensional matrix that indicates the status of your debts for different months and years. This table is designed in a manner that makes it easy to interpret for first-time users. It simply indicates the time you took to clear your debts for each month and year. An entry of ‘000’ or ‘STD’ will not impact your credit score negatively.

 

Here is an example of a ‘Days Past Due’ table:

An STD status indicates timely payments, reflecting your reliability as a borrower. This positive marker enhances your credit score, making you more appealing to lenders. Conversely, negative statuses like “Default” can hinder your loan eligibility and result in higher interest rates. Regularly monitoring your credit report helps ensure you maintain an STD status.

The Enquiry Information section in your CIBIL report logs any credit checks conducted by lenders when you apply for a loan or credit card. Each time you seek credit, the lender reviews your credit report to assess your reliability as a borrower, and this action is noted in the inquiry record. There are two categories of credit inquiries:

Hard Inquiries

This occurs when a lender checks your credit report as part of your credit application process. Each hard inquiry that you make is noted in your credit report and can have a slight impact on your CIBIL score. Having several hard inquiries within a brief timeframe can harm your credit score, as it might suggest an urgent need for substantial credit.

Soft Inquiries

These inquiries occur when you check your own credit report or when companies review your credit report to generate pre-approved offers. A soft inquiry has no impact on your credit score and is not visible to other lenders.

 

The Inquiry Information section of your CIBIL report contains critical details such as:

• Name of the lender who has requested your CIBIL report

• Type of loan or the credit product that you have applied for

• Date on which the inquiry was made

• Amount of credit that was requested

 

This section allows a lender to evaluate how often you apply for credit and assess your overall credit behaviour. Frequent hard inquiries may have an adverse impact on your CIBIL score; hence it is important to manage your credit applications wisely.

The Account Information section in your CIBIL report offers a comprehensive view of your credit accounts, such as loans and credit cards. This section is essential for lenders since it consists of details of your credit behaviour, account statuses, and repayment history. This helps lenders assess your overall creditworthiness.

 

Here are some of the key components of the Account Information section:

This section lists all active and closed credit accounts associated with the borrower. This includes details such as:

Account Type

Types of credit accounts, such as personal loans, home loans, or credit cards

Account Number

Unique identification numbers for each account type

Date Opened

Date on which each credit account was established

Loan Amount or Credit Limit

Original loan amount sanctioned or the maximum credit limit that was granted for each account

Current Balance

Outstanding balance on each account at the time of the latest update

This section provides details about the current standing of each credit account, which indicates the borrower’s credit repayment capability and reliability:

Active or Closed Status

Accounts that are marked as “Active” are currently in use, and those marked as “Closed” are paid in full and have been closed

Suit Filed or Written-Off Status

In case a borrower has defaulted, the accounts will be labelled as either “Suit Filed” or “Written-Off,” indicating legal action is being taken or a loss declaration by the lender

Standard (STD) or Sub-standard Status

Accounts that are in good standing are labelled as “Standard (STD),” while those with delayed payments may be marked as “Sub-standard” or “Non-performing”.

This crucial detail reflects the borrower’s repayment history, showing the number of days a payment is overdue. DPD values indicate whether payments are made on time:

0 or ‘XXX’

These symbols signify that payments have been made on time.

1, 30, 60, or 90+ 

Numbers denote the days a payment was overdue, such as "30" for a payment delayed by 30 days. Frequent delays or high DPD values can impact the borrower’s CIBIL score, signalling increased risk to lenders.