CCRIS stands for Central Credit Reference Information System. CCRIS automatically processes the credit-related data received from participating financial institutions and synthesises the information into credit reports, which is made available to the financial institutions and the borrowers, upon request. Explanatory Notes To Customer Credit Reports
Category: Blog
Top 4 Reasons Your SME Loan Was Rejected
Business financing is a big challenge faced by small business owner nowadays. Below is top 4 reasons why SME loan was rejected by Banks. 1. Bad Credit Score (CCRIS & CTOS) CCRIS plays an important role in a loan application process. Most of the banker will ask Director to sign the consent form for them...