This loan concept is actually frustrating to be honest. My uncle failed to pay the EMI of this month on time and he got into a bit of trouble for it. I paid no heed to all these before but last week my family was discussing it and that is when I got to know about the STD meaning in CIBIL. There are actually some parameters to measure how well you are in paying the debits or EMIs in time. Let me tell you about STD and some others as well.
Get smooth and easy loan sanctioned at a low interest rate by availing NoBroker Home LoansWhat is STD in CIBIL report?
First, know that DPD or Days Past Due indicates how many days a payment on a particular account is late by that month and STD is a type of classification falling under this category. CIBIL STD means or denotes accounts where the payments have been made within 90 days. If your STD is shown in your account do know that it is a good sign. Paying the EMI within 90 days is okay and you need not worry much.
I hope this answers:
what is the meaning of STD in CIBIL report.
Apart from STD there are other categories like:
SMA or Special Mention Account that gets created for reporting Standard Accounts moving toward Sub-Standard Account
SUB or Sub Standard where payments are made after 90 days
DBT or Doubtful denotes that the account has remained sub-standard for a year or 12 months
LSS or Loss denotes that the account has been identified and remains uncollectible.
If 000 or STD is reflected in your account, you are all good to go.
I hope you now know the
STD meaning in CIBIL.
Read More:
What is POS in Banking?
What is PSP in Banking?
What is DPD in banking?
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Authors Of The Question
What Is STD In CIBIL?
Gourab910
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2 Year
2022-08-12T10:01:57+00:00 2022-08-12T10:01:58+00:00Comment
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