About Us - ChitScore: Learn More About Our Mission and Team
Chit score logo
Chit Scoring Analyser info@chitscore.com

About us

Take look at our

About our company

Faster, paperless GSTIN-based authentication process.

The Chit score is determined by the borrower's previous chit / loans and financial situation.

The Chit Score is a comprehensive evaluation tool developed by Smart Global Solution to assess the creditworthiness and risk associated with chit fund organizations and financial company. This score aims to assist financial institutions in making informed decisions when considering lending to or engaging in financial transactions with chit funds. By analyzing various factors and parameters, the Chit Score provides a reliable assessment of the financial health and stability of chit fund entities. Chit score facilitates the chit status of a new person who joins your company and alerts other companies whose members joined with a chit score about the NPA's list and their guarantee list in your company. chit score helps to protect financial position as well as reduce non- receivable accounts

Discover
chitscore img

Already have an account

Chit Score will provide you one chit Score and Report without any charge once a year..
Become a Member
Membership Benefits

Benefits of Membership Risk management solutions from CHIT SCORE offer a variety of advantages, including:

  • Objective credit decisions – A facility to check the chit status of the new person who joins your company that whether they took a chit or not in other companies. Facility to alert other companies whose members joined with Chitscore about the NPAs list and their guarantors list in your company. Members can distinguish good borrowers and defaulters.
  • Faster credit decisions – Enhances a chit and finance institution’s ability to expand while maintaining credit portfolio quality.
  • Speed and cost – Use of CHIT SCORE helps make chit/loan processing faster and cheaper by eliminating the need to research and verify borrower details. This results in improved profit margins.
  • Secure financial services –Chitscore helps you to protect your financial position as well as reduce the account non-receivable . Facilitates easy collection of arrears and non-payments from (NPA) customers. Chitscore not only reduces legal and court costs but also helps collect money without time delay.

    • Eligibility
    CHIT SCORE Membership is available to the following institutions:

  • Credit Institutions chit fund and Finance companies
  • The potential member will need to provide a single point of contact for CHIT SCORE (a nodal officer).
  • List of documents to be executed and dispatched:
    • Membership application form to be duly filled in by the chit fund /finance companies
    • Letter of application should on chit fund /finance company’s Letterhead with All pages to be signed and stamped by the member
    • Pricing part: To be signed and stamped by the member followed by Additional documents with respect to “Eligibility criteria for entities to be categorised as Specified User” as defined by CHIT SCORE Payment of annual fee and membership fee letter with also have a signed by respective member of chit/finance company
    • Copy of letter of authority issued the chit fund /finance companies on letterhead: must need the Letter of authority confirming person photo / id proff and authority of the signatories to the documents executed by the respective members.
    • Certified true copy of the license issued for Your Company: To be signed and stamped by the member
  • Membership fee: INR 10,000/- (plus taxes @18%)
  • Annual fee: INR 5,000/- (plus taxes @18%)
  • Membership fee and annual fee payment to be made by cheque/demand draft to be issued in favour of “CHIT SCORE”
  • Upon completion of all the formalities, CHIT SCORE will provide you with a "Member Kit." , it means that you will be a member of chit Score
    • chitscore img