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7 Things You Didn’t Know About Your Credit Bureau Report
12 Aug

7 Things You Didn’t Know About Your Credit Bureau Report

Most people would likely not have heard of or seen their own credit bureau report before unless they have previously taken a loan from credit providers in Singapore. Otherwise known as a credit report, it shows records of your repayment history with most credit providers in Singapore.

A credit report displays credit facilities tied to your personal name particularly your credit cards, personal loans, overdrafts, property loans as well as your motor vehicle (car) loans. As credit worthiness is essential for lenders prior to making a decision, a good repayment history will make it easier for you to obtain credit or to qualify for other types of loans in future like a business loan in Singapore.


  1. Your HDB Loan/ Motor Financing Loan from private firms are not visible on your credit report

Your CBS displays the personal credit facilities you have only with banks in Singapore. Thus, the repayment history will only include your housing loan or motor vehicle loans should they be from a bank. Loans taken from in-house or private financial institutions are not visible on your CBS.


  1. Your CBS will also affect your business loan application

Even though the CBS keeps track of your personal finances history, it is also an important factor to take note of for a business owner that is looking to obtain a business loan in Singapore. Regardless of what types of loans that you might look at to acquire in future, your CBS is a determination of this 3 Cs: Character, Capital, Capacity. If you can’t even handle your personal finances well, how assured will the lenders be towards your company finances?


  1. It displays your repayment record history for the latest 12 months

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  1. Everyone has a credit score

The credit score is a number that indicates how likely an individual is to repay his debts and his/her probability of going into default. It is a 4-digit score ranging from 1000 to 2000. The lower your score, it displays a high likelihood that you would not be able to repay your loans and in turn, the lenders will turn down your loan application.

Credit Scoring



  1. It’s harder to get any forms of loan facilities if you do not have any credit records

Credit Account History determines that a consumer with a long established credit history is deemed to be more favourable or reliable than one who has limited or no credit history. Without a previous track record, lenders are unable to determine your character in loan repayment. Start off with credit cards first and show prompt and full payment for a couple of months so that the lenders will know. This will help you in the long run.


  1. Every single time you apply for a credit card or loan facility, your CBS is purchased by the lenders once

The records from your CBS report will show how many times you’ve made a new application and should you have too many newly applied for credit facilities in a short period of time, it will affect your credit scoring.


  1. You have 1 FREE CBS report!

Apply for a new credit card and you get a free credit report! Announced on the 21st of March, Credit Bureau Singapore launched this initiative to empower consumers to review their credit report regularly. It can allow you to be aware of your own history records and credit scores. It also protects you against possible fraudulent use of your personal details to obtain credit. (Source)

You can get your free CBS report over here:

In every personal loan application process, other factors such as your annual salary, length of employment and bankruptcy/litigation records will also be taken in account besides your CBS report. In company loan applications, besides what is mentioned above, your company financial statements also play a vital role in a successful application.


Capitalize is a corporate loans specialist firm that helps SMEs to seek, source and obtain capital from our established network of 35 banks, financial institutions, funding houses and alternative platforms. With sincerity and integrity, we are always committed to deliver a high level of service quality and provide our clients with the most suitable loans for them to grow their businesses to the next level. 



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