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STD, LSS, & DPD in CIBIL: Full Form, Meaning & Key Differences

STD, LSS, & DPD in CIBIL: Full Form, Meaning & Key Differences

Your chances of securing a loan rely on how positive your credit report is. A credit report is a record of the entire history of your debts and your financial behaviour. Lenders analyse this report when considering your loan applications.

In India, CIBIL is a prominent credit information company that generates credit reports. This report is also termed as CIBIL report. Within the report, there are several terms like STD, LSS, and DPD that have significant effects on your creditworthiness and require a deep understanding. 

In this article, we will delve into the different remarks on your CIBIL report, such as STD, LSS, and DPD, their full forms, and the major differences between them.

What is STD in CIBIL?

STD’s full form in a CIBIL report is ‘Standard.’ Getting STDs in your report is a good sign. A CIBIL STD means you have a habit of making your repayments on time without any delays. It assures the lenders that you are financially reliable and has a positive reflection on your creditworthiness. In such cases, lenders will be more inclined to approve your loan applications with favourable interest rates and tenure. 

What is LSS in CIBIL?

LSS’s full form is ‘Lender Settled Status.’ Having an LSS on your CIBIL report has a negative connotation. It indicates that a borrower has settled the debt at a lesser amount than what was agreed upon. This usually occurs when the borrower is unable to pay the whole amount and, after negotiations with the lender, pays a reduced amount. LSS on credit reports can decrease your credit score and make it challenging to get your loans approved in the future.

What is DPD in CIBIL?

Now that you know LSS full form, let’s discuss DPD. DPD’s full form in a CIBIL report is ‘Days Past Due.’ It notifies the number of days a borrower’s payment has been overdue. It is expressed in numbers such as DPD 30 and DPD 100, where the numbers indicate the total days that have passed since the due date. A high value of DPD signifies payment delinquency and signals a warning to the lenders. It reflects poorly on your credit report and greatly enhances your chances of loan rejections.

Differences Between STD, LSS, and DPD in CIBIL

The table below highlights the significant differences between the three statuses i.e, STD, LSS and DPD.

CriteriaStandard (STD)Lender Settled Status (LSS)Days Past Due (DPD)
MeaningBorrower makes timely repayments.Borrower pays partial loan amount.Borrower pays the debt long after the due date.
Credit BehaviourFinancially responsible and disciplined.Financially distressed.Financially delinquent.
Impact on Credit ScoreIt has a positive impact on your credit scoreIt has a negative impact on your credit score.It has a negative impact on your credit score.
Implications on loan eligibilityImproves eligibility for loans with favourable terms.Reduces the loan eligibility. May lead to loan rejections.Significantly reduces the eligibility. May lead to rejections or loans with unfavourable terms.
Recovery Maintain the status by making timely paymentsImprove credit habits over time to build trust with lenders.Clear outstanding dues and consider debt restructuring for better financial management.

How Do STD, LSS, and DPD Affect Loan Approval in India?

Lenders closely analyse your CIBIL report to assess risk, and account classifications play a key role in loan decisions. STD meaning in CIBIL refers to ‘Standard’ accounts that are regular and up to date. In simple terms, STD in CIBIL means the borrower is servicing the loan as agreed. If you’re wondering what is STD in CIBIL, it reflects healthy repayment behaviour and improves approval chances. Repeated STD meaning in CIBIL signals financial discipline, as STD in CIBIL means low default risk and reassures lenders. Understanding what is STD in CIBIL helps borrowers track credit health.

By contrast, what is LSS in CIBIL points to a ‘Loss’ account written off by the lender. Knowing the LSS full form (Lender Settled Status) is important because such accounts negatively impact eligibility. The LSS full form indicates severe default, and knowing what is LSS in CIBIL can help you understand why your loan application might have been rejected.

Finally, DPD in CIBIL report shows payment delays in days. A high DPD in CIBIL report reduces approval chances and may increase interest rates.

How to Improve Your Creditworthiness?

Here are some tips you must follow to improve your creditworthiness.

1. The first step is to regularly monitor your credit score to assess your financial position

2. You must file a complaint with CIBIL if you spot any discrepancies in your report that may not be your fault.

2. You should make repayments on your outstanding debts in a timely manner.

3. Your Credit Utilisation Ratio (CUR) should be below 30%. It is the percentage of credit you use compared to your credit limit.

4. You should avoid multiple loan applications because it raises a hard inquiry. Too many hard inquiries in a short time indicate that you rely too much on new credit to manage your finances.

5. Set calendar reminders for your due dates or automatic debit payments to avoid delayed repayments.

6. You should consider having a mix of credit products, such as secured loans like home loans and unsecured loans like personal loans, to highlight your skill in managing different types of credit effectively.

How Long Does LSS Remain on a CIBIL Report?

The LSS full form is ‘Lender Settled Status’ and LSS in CIBIL reflects a loan written off by the lender. Such remarks typically stay on your report for a couple of years after the settlement or write-off date. 

STD in CIBIL, or STD meaning in CIBIL, indicates a standard, regularly serviced account. In other words, STD in CIBIL means no default. Past delays are shown separately under DPD in CIBIL report.

Conclusion

Your ability to secure favourable loans hinges on your CIBIL report, which directly impacts your creditworthiness. A clear understanding of the report, including components like STD, LSS, and DPD, is essential for maintaining a strong financial profile. Striving for an STD status, avoiding LSS, and keeping your DPD at zero can positively reflect on your CIBIL report, increasing your chances of loan approvals on better terms.

Are you unsure about the status and remarks on your CIBILreport? Well, now you can easily check your CIBIL score by visiting the Tata Capital website. To check your credit score, click on “New Customer,” enter the OTP sent to your registered mobile number, and you’re all set.For more details, visit the Tata Capital website or download our app today!

FAQs

Can I get a personal loan with an LSS status in my CIBIL report?

Having an LSS status on your CIBIL report can reduce your chances of getting a personal loan and may result in higher interest rates if approved. It's important to improve your credit profile to qualify for better loan terms.

How can I remove an LSS remark from my CIBIL report?

To remove an LSS mark, you should first obtain a settlement letter from your lender and explain the circumstances that resulted in the mark. Make timely payments on your other accounts and steadily rebuild your credit score to minimise the impact of LSS.

How does DPD affect credit scores?

A high DPD indicates delayed payments, which can negatively affect your credit score. It is a sign to the lenders that it may be risky to extend credit to you, which can hamper your ability to get loans in the future or get favourable interest rates.

Is STD in CIBIL good or bad?

Having an STD in your CIBIL report is a good sign. It signifies responsible financial behaviour and your ability to pay debts in a timely manner. It increases your ability to secure loans in the future with better loan terms.

What is STD in CIBIL and is it good for your credit score?

For those wondering what is STD in CIBIL, it stands for ‘Standard’ and shows your loan or credit card is serviced on time. It’s positive and helps maintain or improve your credit score.

What does LSS mean on your CIBIL report and how does it affect loan eligibility?

LSS full form is ‘Lender Settled Status’. It indicates a loan written off by the lender and can negatively impact your credit score and reduce your chances of future loan approvals.

What is the full form of DPD in CIBIL, and why does it matter?

DPD stands for Days Past Due. It shows payment delays on your account. A higher DPD in CIBIL report signals missed EMIs and can negatively impact your credit score.

How long does LSS status stay on your CIBIL report?

The LSS full form is ‘Lender Settled Status’ and this status usually remains on your CIBIL report for a couple of years from the date of settlement or write-off.

How can you fix a wrong DPD entry on your CIBIL report?

You can fix a wrong entry by contacting the lender to raise a dispute. Once verified, the correction reflects in your DPD in CIBIL report, ensuring accurate credit records.

Can having STD in CIBIL improve home loan approval chances?

Yes. Having STD in CIBIL shows a history of timely payments and well-managed credit, which can positively influence lenders’ decisions and improve the likelihood of home loan approval.

Is DPD in CIBIL the same as default?

No, DPD in CIBIL report (Days Past Due) tracks overdue payments, but a default occurs when dues remain unpaid beyond the lender’s specified period.

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