When applying for an SME loan, lenders assess your creditworthiness using various tools. One key tool is the CCRIS (Central Credit Reference Information System) report. This report provides a summary of your repayment history, including details about outstanding credit, rescheduling, restructuring, or financial assistance programs.
At Grand Capital Advisory, we help SMEs understand their CCRIS reports and how they impact loan approvals. With our guidance, you can take the right steps to secure the funding your business needs.
Key CCRIS Status Codes and What They Mean for Lenders
O for Outstanding: Positive Repayment Record
This code indicates you’re making payments on time and your accounts are in good standing. An “Outstanding” status is a green flag for lenders, showing you’re a reliable borrower.
Read our guide on boosting your credit score fast for tips to maintain this positive status.
K for AKPK Involvement: Debt Counseling
If your CCRIS report shows a “K,” it means you’ve worked with AKPK (Agensi Kaunseling dan Pengurusan Kredit) to manage debt. While helpful, this can signal financial struggles to lenders.
How We Help: We help you address this status and create a strong loan application that shows your readiness for financial stability.
R for Restructured Loans: Adjusted Credit Terms
A restructured loan means you’ve renegotiated repayment terms, often due to financial challenges. While it shows you’re proactive, lenders may need extra details.
Learn how to increase your chances of securing an SME loan and address restructuring effectively.
C for Rescheduled Loans: Modified Repayment Plans
A “C” status reflects changes to your repayment schedule, which could indicate past difficulties. Lenders may proceed cautiously.
Discover top SME loan options in Malaysia for growth and resilience to explore financing solutions.
F for Fraud: Serious Concern
This code is a red flag for suspected fraud and severely damages lender trust.
How We Help: We guide you on understanding and addressing this issue, helping you regain credibility with lenders.
How Grand Capital Advisory Supports SMEs
1. Assessing Your CCRIS Report
Our team explains your CCRIS details, highlights potential red flags, and helps you approach lenders with confidence.
Learn more about how we unlock your SME’s potential by addressing credit concerns.
2. Improving Your Credit Profile
For statuses like “K” or “C,” we offer financial strategies, planning tools, and clear communication methods to strengthen your borrowing profile.
Explore our services to secure funding with ease and enhance your creditworthiness.
3. Building Long-Term Financial Health
Beyond loan approvals, we help you create a sustainable credit history and a strong financial foundation for future growth.
Secure Your Financing with Confidence
A well-managed CCRIS report is crucial for securing SME loans. At Grand Capital Advisory, we provide expert guidance to help you navigate CCRIS codes and improve your chances of success.
Contact us today for a FREE consultation to enhance your creditworthiness and secure funding for your business. Let us help you achieve your financial goals with confidence!
