Bureau score or commonly know as the CIBIL score, plays a very crucial role while availing financial services from banks & NBFCs.
1. Yet, it’s not readily accessible inspite of being so significant
2. 24Cr Indians or almost half of Indian's working class population don't even have a CIBIL score
3. And although, financial services can still be availed in the absence of CIBIL, good luck with that.
So, there's need for a score that performs all the functions of CIBIL and then some more. This score should be - Accessible & transparent | Up to date | Inclusive
That's where FIU comes into the picture.
Just like CIBIL, your FIU Score can be used for availing financial services from FIU's partner institutions like banks, NBFCs & insurance service providers. So, FIU provides you with 360 degree coverage for all your financial needs.
But, what makes FIU score ACCESSIBLE & TRANSPARENT is the FIU App through which you can monitor in detail and keep a tab, on all the factors that influence your score, thereby allowing you to take correctional measures.
FIU gives weightage to your current financial standing rather than being dependent on historical payment behaviour alone which keeps your FIU score UP TO DATE.
And, while CIBIL score gets generated once you have a formal credit history, through the FIU app, you can generate your FIU score at will. So, anyone can apply for a FIU Score which makes it way more INCLUSIVE than CIBIL.
All you need to do is -
Download the FIU App
Click on the FIU Score tab at the bottom of the screen and then head to Generate
Upload documents if you want to give your FIU Score an instant boost
That’s it. It’s that simple.
On the basis of your FIU Score, you’ll be displayed a list of available services from FIU’s financial partners. All the partner services can be easily managed from the FIU App itself.
But there’s one more thing that makes FIU super special - FIU Network.
Simply put, you can significantly improve your FIU Score by recommending your credible contacts. Similarly, you can also seek recommendations from others. The dedicated Network section in the FIU App, allows you to manage all your recommendations from one place.
But what’s very important to note is that the dues repayment behaviour of the people in your FIU Network significantly affects your FIU Score and thereby your financial services. So, it’s very important that you only add those individuals in your Network whom you have known for long and who you know are financially responsible.
Since FIU Score calculation is based on data, FIU takes Data Privacy very seriously. So, no personal or sensitive information is stored or shared with any third party. All the data is securely processed on the phone itself and only the inferences and insights generated are stored on FIU’s servers that are located within India.
You can also use FIU for availing various other services.
So, you can conveniently pay your DTH, broadband, electricity, FASTag, LPG bills and more as FIU works with billers across the country. You can also find the latest prepaid recharge plans and easily recharge your mobile.
Apart from meeting your financial needs, FIU also helps you in managing your finances through it’s intuitive and easy to use, expense calculator. After all, money saved is money earned.
1. Yet, it’s not readily accessible inspite of being so significant
2. 24Cr Indians or almost half of Indian's working class population don't even have a CIBIL score
3. And although, financial services can still be availed in the absence of CIBIL, good luck with that.
So, there's need for a score that performs all the functions of CIBIL and then some more. This score should be - Accessible & transparent | Up to date | Inclusive
That's where FIU comes into the picture.
Just like CIBIL, your FIU Score can be used for availing financial services from FIU's partner institutions like banks, NBFCs & insurance service providers. So, FIU provides you with 360 degree coverage for all your financial needs.
But, what makes FIU score ACCESSIBLE & TRANSPARENT is the FIU App through which you can monitor in detail and keep a tab, on all the factors that influence your score, thereby allowing you to take correctional measures.
FIU gives weightage to your current financial standing rather than being dependent on historical payment behaviour alone which keeps your FIU score UP TO DATE.
And, while CIBIL score gets generated once you have a formal credit history, through the FIU app, you can generate your FIU score at will. So, anyone can apply for a FIU Score which makes it way more INCLUSIVE than CIBIL.
All you need to do is -
Download the FIU App
Click on the FIU Score tab at the bottom of the screen and then head to Generate
Upload documents if you want to give your FIU Score an instant boost
That’s it. It’s that simple.
On the basis of your FIU Score, you’ll be displayed a list of available services from FIU’s financial partners. All the partner services can be easily managed from the FIU App itself.
But there’s one more thing that makes FIU super special - FIU Network.
Simply put, you can significantly improve your FIU Score by recommending your credible contacts. Similarly, you can also seek recommendations from others. The dedicated Network section in the FIU App, allows you to manage all your recommendations from one place.
But what’s very important to note is that the dues repayment behaviour of the people in your FIU Network significantly affects your FIU Score and thereby your financial services. So, it’s very important that you only add those individuals in your Network whom you have known for long and who you know are financially responsible.
Since FIU Score calculation is based on data, FIU takes Data Privacy very seriously. So, no personal or sensitive information is stored or shared with any third party. All the data is securely processed on the phone itself and only the inferences and insights generated are stored on FIU’s servers that are located within India.
You can also use FIU for availing various other services.
So, you can conveniently pay your DTH, broadband, electricity, FASTag, LPG bills and more as FIU works with billers across the country. You can also find the latest prepaid recharge plans and easily recharge your mobile.
Apart from meeting your financial needs, FIU also helps you in managing your finances through it’s intuitive and easy to use, expense calculator. After all, money saved is money earned.
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