What is CCRIS?
CCRIS is a Bank Negara Malaysia (BNM) sponsored system that supports the functions of the Credit Bureau (CB)

What is CREDIT BUREAU (CB)?
Credit Bureau is a unit established by BNM to collect credit information on borrowers from financial institutions and supplies the information back to financial institutions.
The Credit Bureau does not collect any information on deposits or the investment portfolio of any individual or corporation.

WHAT YOU MUST KNOW - Do & Don’t!!!

DO: CCRIS report is being used as one of the report for credit evaluation process.
DO: Only Bank Negara could disclose credit information on a person to himself / herself for the purpose of verifying the accuracy of information reported to Credit Bureau. 

What you CAN say … Your application may be turned down by us due to our bank internal credit policies. However, you may proceed your application with other financial institution as they may have different opinion than we do.

DON’T (s): Abuse or misuse of CCRIS information and disclosure to Third Parties is strictly prohibited by the law.
DON’T (s): Do not extend credit report to the customers. Citibank are Not Allowed to extend credit report to customers.

What NOT to say …Your CCRIS report stated that you have very bad / poor credit transaction. Based on credit rating, you are BLACKLISTED by BNM - Credit Bureau. 

FAQ:
What is the Credit Bureau?
The Credit Bureau is a unit established by Bank Negara Malaysia.

What does the Credit Bureau do?
The Credit Bureau collects credit information on borrowers and supplies the information back to the financial institutions.

Where does the Credit Bureau get its information?
The Credit Bureau obtains the information from the financial institutions. This includes all licensed commercial banks, Islamic banks, finance companies, merchant banks and several other financial institutions.

If my credit application is denied by a lender, does it mean that I am blacklisted?
No. The Credit Bureau does not blacklist anyone as it does not express any opinion about the information in the credit report.

Is Bank Negara Malaysia dictating the credit decisions of the financial institutions through the Credit Bureau?
No. ALL credit approvals are subject to Financial Institutions own INTERNAL CREDIT POLICIES.

Does the Credit Bureau provide any credit rating on a credit applicant?
The Credit Bureau does not provide any credit rating or opinion on the creditworthiness of any credit applicant.

If my credit application is turned down by one lender, will all the others do the same?
This is not necessarily the case. Different lenders have different internal lending policies. The information provided by the Credit Bureau is only a part of the entire lending decision process in a financial institution and could be viewed differently by each lender.
 

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