Other than your pay slips and EPF statements, the bank also checked CCRIS during approval process. CCRIS stands for Central Credit Reference Information System. It is a computerized database system contains credit information on about 9 million borrowers in Malaysia. If you have a hire purchase, personal loan, mortgage or credit card, then your information will certainly be found in CCRIS.
CCRIS is maintained by the Credit Bureau under Bank Negara Malaysia. The Credit Bureau collects credit information on borrowers from lending financial institutions and synthesises the information into credit reports via CCRIS. These credit reports that contain up-to-date and accurate information on prospective borrowers enable the financial institutions to make assessments and decisions on credit applications.
So are we able to get our own credit report from CCRIS? Yes, if you're staying in Klang Valley, Pulau Pinang, Johor Bahru, Kuala Terengganu, Kota Kinabalu and Kuching, you can just go to the Bank Negara office to request for the credit report. In Part II, I'll share about how to interpret the report.