What is the ECN Number in the CIBIL Report and How to Get It?

Your credit score is a key factor in getting your loan approved, as it reflects your credit behaviour and trustworthiness. Your CIBIL report, which includes your credit history for the past 36 months, also shows the ECN number in CIBIL or CIBIL control number, which tracks your credit enquiries. It’s wise to check your CIBIL report before applying for a loan. With a strong credit score and a healthy credit history, you can benefit from faster loan approvals, whether for secured or unsecured personal loans from leading lenders like Bajaj Finance.

With an online personal loan, you can avail of a sanction of up to Rs. 55 lakh on nominal interest rates to meet your goals. You can also benefit from online management, doorstep document pickup, and Flexi Loan facilities on this loan. The Flexi personal loan facility, for instance, is highly beneficial, as it allows you to withdraw from your sanction in parts and pay interest only on the sum you use from your sanction. Moreover, you can also choose to repay the loan basis interest-only EMIs and pay the principal only at the end of the tenure.

hen you apply for credit, lenders typically check your credit report to assess your risk of default, especially for unsecured loans like personal loans. But what is CIBIL report exactly? It’s a detailed record of your credit history maintained by CIBIL. To share your credit information securely, CIBIL uses a unique identifier called the ECN number. If you’re wondering the ECN meaning, it stands for Enquiry Control Number — a code that helps lenders organise and track your credit details. Here’s everything you need to know about the ECN number.

What is an ECN number?

The term ECN number means Enquiry Control Number, a unique nine-digit code used by lenders to track credit records of millions of borrowers. This number is generated each time a lender accesses your credit report. The ECN helps CIBIL quickly locate your specific credit report, so it’s important to provide this number when communicating with CIBIL. Since the ECN number is exclusive to your credit report, no other borrower shares the same code.

Additional Reading: What is CIBIL score?

Understanding the purpose of ECN number

Apart from being used to track and maintain millions of CIBIL Reports in an organised manner, this nine-digit number can also be used to check your account and its information. The ECN number is also used to maintain all the information unique to your credit history and behaviour. With this number, member banks or financial institutions can acquire information from CIBIL. As this number is confidential, you may not be able to acquire it easily.

How to get ECN number?

• Under the Credit Information Companies Regulation Act, 2005 (CICRA), you have the right to access your ECN number and credit report.
• Since the ECN number is confidential, lenders may not share it over a phone call.
• You can request your ECN number directly from the lender from whom you availed the loan.
• Alternatively, you can obtain it by accessing your CIBIL Report, where the ECN is mentioned in the top right-hand corner.
• Call the CIBIL helpline at 1800-224-245 to request your ECN number.
• You can also retrieve it by visiting the CIBIL portal and paying a nominal fee of Rs. 550 for a one-time credit report.

Additional Reading: Personal loan with low CIBIL score

Now you are fully informed about all there is to know about the ECN number, you can better your borrowing experience. Moreover, you can check your pre-approved personal loan offer from Bajaj Finance whenever you are ready to apply for this collateral-free financing solution.